Kazakhstan: Market for Tyres For Agriculture, Forestry, Construction, Industry And Other Off The Road Vehicles 2024

Market Size for Tyres For Agriculture, Forestry, Construction, Industry And Other Off The Road Vehicles in Kazakhstan

The Kazakh market for tyres for agriculture, forestry, construction, industry and other off the road vehicles surged to $X in 2022, growing by 25% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, faced a deep setback. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Exports of Tyres For Agriculture, Forestry, Construction, Industry And Other Off The Road Vehicles

Exports from Kazakhstan

In 2022, the amount of tyres for agriculture, forestry, construction, industry and other off the road vehicles exported from Kazakhstan surged to X units, growing by 1,695% against the previous year's figure. Overall, exports recorded significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of tyres for agriculture, forestry, construction, industry and other off the road vehicles skyrocketed to $X in 2022. In general, exports continue to indicate a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Russia (X units) was the main destination for exports of tyres for agriculture, forestry, construction, industry and other off the road vehicles from Kazakhstan, with a 94% share of total exports. Moreover, exports of tyres for agriculture, forestry, construction, industry and other off the road vehicles to Russia exceeded the volume sent to the second major destination, Germany (X units), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to Russia stood at +53.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+134.3% per year) and Kyrgyzstan (+64.3% per year).

In value terms, Russia ($X) remains the key foreign market for tyres for agriculture, forestry, construction, industry and other off the road vehicles exports from Kazakhstan, comprising 94% of total exports. The second position in the ranking was taken by Germany ($X), with a 1.4% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Russia totaled +63.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+194.4% per year) and Kyrgyzstan (+79.0% per year).

Export Prices by Country

In 2022, the average export price for tyres for agriculture, forestry, construction, industry and other off the road vehicles amounted to $X per unit, picking up by 81% against the previous year. Over the period under review, the export price recorded prominent growth. The most prominent rate of growth was recorded in 2013 an increase of 243%. As a result, the export price reached the peak level of $X per unit. From 2014 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Russia ($X per unit), while the average price for exports to Germany ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+25.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Tyres For Agriculture, Forestry, Construction, Industry And Other Off The Road Vehicles

Imports into Kazakhstan

In 2022, purchases abroad of tyres for agriculture, forestry, construction, industry and other off the road vehicles increased by 49% to X units, rising for the second consecutive year after three years of decline. In general, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 77% against the previous year. As a result, imports reached the peak of X units. From 2018 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of tyres for agriculture, forestry, construction, industry and other off the road vehicles skyrocketed to $X in 2022. Over the period under review, imports saw a pronounced increase. The most prominent rate of growth was recorded in 2017 when imports increased by 62%. Imports peaked in 2022 and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Russia (X units) constituted the largest agricultural, construction and industrial machinery tyre supplier to Kazakhstan, with a 47% share of total imports. Moreover, imports of tyres for agriculture, forestry, construction, industry and other off the road vehicles from Russia exceeded the figures recorded by the second-largest supplier, India (X units), twofold. The third position in this ranking was taken by China (X units), with a 15% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Russia was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: India (+31.3% per year) and China (+3.8% per year).

In value terms, the largest agricultural, construction and industrial machinery tyre suppliers to Kazakhstan were China ($X), Russia ($X) and Belarus ($X), with a combined 47% share of total imports. India and Thailand lagged somewhat behind, together comprising a further 2.3%.

In terms of the main suppliers, Thailand, with a CAGR of +36.4%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average import price for tyres for agriculture, forestry, construction, industry and other off the road vehicles amounted to $X per unit, remaining stable against the previous year. In general, the import price, however, continues to indicate noticeable growth. The most prominent rate of growth was recorded in 2018 when the average import price increased by 113% against the previous year. Over the period under review, average import prices reached the peak figure at $X per unit in 2021, and then dropped in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($X per unit), while the price for Thailand ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+7.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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