Russian Federation: Road Wheel Market 2025

Road Wheel Market Size in the Russian Federation

The Russian road wheel market dropped to $X in 2022, falling by -5.7% against the previous year. Over the period under review, consumption showed a noticeable downturn. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market remained at a somewhat lower figure.

Road Wheel Production in the Russian Federation

In value terms, road wheel production reduced modestly to $X in 2022 estimated in export price. In general, production, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 with an increase of 116% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2022, production growth failed to regain momentum.

Road Wheel Exports

Exports from the Russian Federation

After two years of growth, overseas shipments of road wheels decreased by -8.1% to X tons in 2022. In general, exports, however, continue to indicate a remarkable increase. The pace of growth appeared the most rapid in 2017 when exports increased by 46%. The exports peaked at X tons in 2021, and then dropped in the following year.

In value terms, road wheel exports shrank notably to $X in 2022. Over the period under review, total exports indicated noticeable growth from 2012 to 2022: its value increased at an average annual rate of +3.3% 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 +26.2% against 2019 indices. The pace of growth was the most pronounced in 2021 with an increase of 45%. As a result, the exports reached the peak of $X, and then reduced markedly in the following year.

Exports by Country

Kazakhstan (X tons) was the main destination for road wheel exports from Russia, accounting for a 49% share of total exports. Moreover, road wheel exports to Kazakhstan exceeded the volume sent to the second major destination, Ukraine (X tons), more than tenfold. The third position in this ranking was held by Poland (X tons), with a 4.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Kazakhstan totaled +21.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ukraine (-7.2% per year) and Poland (+23.6% per year).

In value terms, Kazakhstan ($X) remains the key foreign market for road wheels exports from Russia, comprising 62% of total exports. The second position in the ranking was held by Poland ($X), with a 3.7% share of total exports. It was followed by Kyrgyzstan, with a 3.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Kazakhstan totaled +14.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (+22.6% per year) and Kyrgyzstan (+18.8% per year).

Export Prices by Country

In 2022, the average road wheel export price amounted to $X per ton, which is down by -8.1% against the previous year. Overall, the export price saw a noticeable descent. The most prominent rate of growth was recorded in 2021 an increase of 42%. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Kyrgyzstan (+1.4%), while the prices for the other major destinations experienced a decline.

Road Wheel Imports

Imports into the Russian Federation

Road wheel imports into Russia declined to X tons in 2022, shrinking by -8.3% on 2021 figures. Over the period under review, imports continue to indicate a perceptible decrease. The most prominent rate of growth was recorded in 2017 when imports increased by 32%. Imports peaked at X tons in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, road wheel imports fell to $X in 2022. Overall, imports recorded a noticeable shrinkage. The most prominent rate of growth was recorded in 2021 when imports increased by 39% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of road wheel to Russia, accounting for a 52% share of total imports. Moreover, road wheel imports from China exceeded the figures recorded by the second-largest supplier, Japan (X tons), fourfold. The third position in this ranking was held by South Korea (X tons), with a 5.1% share.

From 2012 to 2022, the average annual growth rate of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-2.5% per year) and South Korea (-8.5% per year).

In value terms, China ($X) constituted the largest supplier of road wheels to Russia, comprising 42% of total imports. The second position in the ranking was taken by Germany ($X), with a 10% share of total imports. It was followed by Japan, with an 8.5% share.

From 2012 to 2022, the average annual growth rate of value from China totaled -1.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-10.7% per year) and Japan (-6.7% per year).

Import Prices by Country

The average road wheel import price stood at $X per ton in 2022, dropping by -6.3% against the previous year. Over the period under review, the import price continues to indicate a pronounced slump. The growth pace was the most rapid in 2021 an increase of 16% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Japan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+4.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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