Russian Federation: Retreaded Pneumatic Tyre Market 2024

Retreaded Pneumatic Tyre Market Size in the Russian Federation

The Russian retreaded pneumatic tyre market fell sharply to $X in 2022, waning by -15.9% against the previous year. In general, consumption saw a slight shrinkage. Over the period under review, the market reached the maximum level at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Retreaded Pneumatic Tyre Production in the Russian Federation

In value terms, retreaded pneumatic tyre production rose notably to $X in 2022 estimated in export price. In general, production showed a resilient expansion. The growth pace was the most rapid in 2016 when the production volume increased by 235%. Retreaded pneumatic tyre production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Retreaded Pneumatic Tyre Exports

Exports from the Russian Federation

In 2022, shipments abroad of retreaded pneumatic tyres was finally on the rise to reach X units after four years of decline. Overall, exports continue to indicate a buoyant increase. The growth pace was the most rapid in 2013 with an increase of 803%. The exports peaked at X units in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, retreaded pneumatic tyre exports skyrocketed to $X in 2022. In general, exports saw significant growth. The most prominent rate of growth was recorded in 2015 when exports increased by 229% against the previous year. The exports peaked at $X in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

Exports by Country

Uzbekistan (X units) was the main destination for retreaded pneumatic tyre exports from Russia, accounting for a 74% share of total exports. Moreover, retreaded pneumatic tyre exports to Uzbekistan exceeded the volume sent to the second major destination, Azerbaijan (X units), fivefold. The Czech Republic (X units) ranked third in terms of total exports with an 11% share.

From 2012 to 2022, the average annual growth rate of volume to Uzbekistan stood at +16.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Azerbaijan (+53.5% per year) and the Czech Republic (0.0% per year).

In value terms, Uzbekistan ($X), the Czech Republic ($X) and Azerbaijan ($X) appeared to be the largest markets for retreaded pneumatic tyre exported from Russia worldwide, with a combined 99% share of total exports.

Uzbekistan, with a CAGR of +51.7%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average retreaded pneumatic tyre export price stood at $X per unit in 2022, which is down by -5.1% against the previous year. Over the period under review, the export price, however, recorded a strong increase. The most prominent rate of growth was recorded in 2014 an increase of 300%. The export price peaked at $X per unit in 2020; however, from 2021 to 2022, the export prices remained at a 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 Belarus ($X per unit), while the average price for exports to Azerbaijan ($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 Georgia (+57.9%), while the prices for the other major destinations experienced more modest paces of growth.

Retreaded Pneumatic Tyre Imports

Imports into the Russian Federation

In 2022, the amount of retreaded pneumatic tyres imported into Russia dropped dramatically to X units, reducing by -47.9% compared with 2021. In general, imports showed a abrupt descent. The most prominent rate of growth was recorded in 2017 with an increase of 118%. Imports peaked at X units in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, retreaded pneumatic tyre imports reduced remarkably to $X in 2022. Over the period under review, imports faced a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 194% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

South Korea (X units), the Czech Republic (X units) and Poland (X units) were the main suppliers of retreaded pneumatic tyre imports to Russia, with a combined 83% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by South Korea (with a CAGR of +63.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the Czech Republic ($X), South Korea ($X) and Poland ($X) were the largest retreaded pneumatic tyre suppliers to Russia, with a combined 80% share of total imports.

South Korea, with a CAGR of +71.7%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average retreaded pneumatic tyre import price stood at $X per unit in 2022, waning by -23.3% against the previous year. Over the period under review, the import price recorded a pronounced setback. The growth pace was the most rapid in 2016 when the average import price increased by 144%. Over the period under review, average import prices hit record highs at $X per unit in 2021, and then fell rapidly 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 Belarus ($X per unit), while the price for South Korea ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belarus (+6.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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