Russian Federation: 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 the Russian Federation

In 2022, the Russian market for tyres for agriculture, forestry, construction, industry and other off the road vehicles decreased by -19.3% to $X for the first time since 2019, thus ending a two-year rising trend. The market value increased at an average annual rate of +1.1% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level of $X, and then shrank notably in the following year.

Production of Tyres For Agriculture, Forestry, Construction, Industry And Other Off The Road Vehicles in the Russian Federation

In value terms, production of tyres for agriculture, forestry, construction, industry and other off the road vehicles totaled $X in 2022 estimated in export price. In general, production, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the production volume increased by 44%. Over the period under review, production of tyres for agriculture, forestry, construction, industry and other off road vehicles hit record highs at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

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

Exports from the Russian Federation

In 2022, the amount of tyres for agriculture, forestry, construction, industry and other off the road vehicles exported from Russia contracted to X units, dropping by -7.5% compared with 2021 figures. Over the period under review, total exports indicated a mild increase from 2012 to 2022: its volume increased at an average annual rate of +1.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +3.7% against 2020 indices. The growth pace was the most rapid in 2015 with an increase of 80%. Over the period under review, the exports of tyres for agriculture, forestry, construction, industry and other off road vehicles reached the peak figure at X units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, exports of tyres for agriculture, forestry, construction, industry and other off the road vehicles fell to $X in 2022. In general, total exports indicated a modest expansion from 2012 to 2022: its value increased at an average annual rate of +1.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +97.6% against 2014 indices. The growth pace was the most rapid in 2017 with an increase of 33%. The exports peaked at $X in 2021, and then shrank in the following year.

Exports by Country

Kazakhstan (X units), Belarus (X units) and Uzbekistan (X units) were the main destinations of exports of tyres for agriculture, forestry, construction, industry and other off the road vehicles from Russia, with a combined 59% share of total exports. Ukraine, Lithuania, Moldova, Latvia and Hungary lagged somewhat behind, together comprising a further 26%.

From 2012 to 2022, the biggest increases were recorded for Latvia (with a CAGR of +17.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Kazakhstan ($X) remains the key foreign market for tyres for agriculture, forestry, construction, industry and other off the road vehicles exports from Russia, comprising 51% of total exports. The second position in the ranking was held by Belarus ($X), with a 17% share of total exports. It was followed by Ukraine, with a 6.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Kazakhstan stood at +12.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belarus (+3.7% per year) and Ukraine (-9.8% 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, declining by -3.9% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 an increase of 28%. Over the period under review, the average export prices reached the peak figure at $X per unit in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Kazakhstan ($X per unit), while the average price for exports to Moldova ($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 Kazakhstan (+5.2%), while the prices for the other major destinations experienced a decline.

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

Imports into the Russian Federation

In 2022, the amount of tyres for agriculture, forestry, construction, industry and other off the road vehicles imported into Russia soared to X units, with an increase of 26% against the year before. Over the period under review, imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2015 when imports increased by 109%. Over the period under review, imports of tyres for agriculture, forestry, construction, industry and other off road vehicles attained the peak figure at X units in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, imports of tyres for agriculture, forestry, construction, industry and other off the road vehicles fell to $X in 2022. Overall, imports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when imports increased by 37% against the previous year. As a result, imports attained the peak of $X, and then fell in the following year.

Imports by Country

In 2022, China (X units) constituted the largest supplier of agricultural, construction and industrial machinery tyre to Russia, with a 60% share of total imports. Moreover, imports of tyres for agriculture, forestry, construction, industry and other off the road vehicles from China exceeded the figures recorded by the second-largest supplier, India (X units), fourfold. The third position in this ranking was taken by Ukraine (X units), with a 4.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +2.7%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+24.9% per year) and Ukraine (-0.3% per year).

In value terms, China ($X) constituted the largest supplier of tyres for agriculture, forestry, construction, industry and other off the road vehicles to Russia, comprising 59% of total imports. The second position in the ranking was held by India ($X), with a 7.3% share of total imports. It was followed by Japan, with a 6.1% share.

From 2012 to 2022, the average annual growth rate of value from China stood at +26.0%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+21.0% per year) and Japan (-12.3% per year).

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, dropping by -31.5% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the average import price increased by 118%. The import price peaked at $X per unit in 2021, and then dropped sharply in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($X per unit), while the price for Ukraine ($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 (+22.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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