Russian Federation: Passenger Car Tyre Market 2024

Passenger Car Tyre Market Size in the Russian Federation

The Russian passenger car tyre market skyrocketed to $X in 2021, with an increase of 18% against the previous year. Overall, consumption, however, recorded a slight setback. Over the period under review, the market reached the peak level at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Passenger Car Tyre Production in the Russian Federation

In value terms, passenger car tyre production surged to $X in 2021 estimated in export price. Over the period under review, production showed a relatively flat trend pattern. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2021, production remained at a lower figure.

Passenger Car Tyre Exports

Exports from the Russian Federation

In 2021, overseas shipments of tyres for motor cars increased by 9.3% to X units, rising for the second year in a row after three years of decline. In general, total exports indicated a prominent increase from 2012 to 2021: its volume increased at an average annual rate of +9.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +35.4% against 2019 indices. The most prominent rate of growth was recorded in 2015 with an increase of 41%. The exports peaked at X units in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

In value terms, passenger car tyre exports soared to $X in 2021. The total export value increased at an average annual rate of +3.9% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2016 when exports increased by 34%. As a result, the exports attained the peak of $X. From 2017 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Germany (X units), Kazakhstan (X units) and Finland (X units) were the main destinations of passenger car tyre exports from Russia, with a combined 29% share of total exports. These countries were followed by Ukraine, Belarus, Sweden, Canada, Italy, the United States, Poland, Norway, France and the Czech Republic, which together accounted for a further 50%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by France (with a CAGR of +21.2%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Kazakhstan ($X) and Belarus ($X) appeared to be the largest markets for passenger car tyre exported from Russia worldwide, with a combined 31% share of total exports.

Among the main countries of destination, Belarus, with a CAGR of +17.2%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average passenger car tyre export price stood at $X per unit in 2021, with an increase of 11% against the previous year. Overall, the export price, however, recorded a noticeable descent. The pace of growth was the most pronounced in 2019 when the average export price increased by 19% against the previous year. Over the period under review, the average export prices attained the maximum at $X per unit in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Norway ($X per unit), while the average price for exports to Italy ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Belarus (+0.1%), while the prices for the other major destinations experienced a decline.

Passenger Car Tyre Imports

Imports into the Russian Federation

In 2021, purchases abroad of tyres for motor cars was finally on the rise to reach X units for the first time since 2018, thus ending a two-year declining trend. Overall, imports, however, recorded a pronounced setback. The most prominent rate of growth was recorded in 2017 with an increase of 28% against the previous year. Imports peaked at X units in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, passenger car tyre imports skyrocketed to $X in 2021. Over the period under review, imports, however, recorded a abrupt slump. The pace of growth appeared the most rapid in 2017 when imports increased by 42% against the previous year. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

China (X units), South Korea (X units) and Belarus (X units) were the main suppliers of passenger car tyre imports to Russia, together comprising 55% of total imports. These countries were followed by Japan, Serbia, Poland, Turkey, Germany, Hungary, Malaysia, Thailand, Indonesia and the Philippines, which together accounted for a further 37%.

From 2012 to 2021, the biggest increases were recorded for Malaysia (with a CAGR of +61.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest passenger car tyre suppliers to Russia were China ($X), South Korea ($X) and Japan ($X), together comprising 47% of total imports. Germany, Serbia, Poland, Belarus, Hungary, Turkey, Malaysia, Thailand, the Philippines and Indonesia lagged somewhat behind, together accounting for a further 37%.

Malaysia, with a CAGR of +39.0%, 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 more modest paces of growth.

Import Prices by Country

The average passenger car tyre import price stood at $X per unit in 2021, picking up by 14% against the previous year. Over the period under review, the import price, however, showed a noticeable shrinkage. Over the period under review, average import prices hit record highs at $X per unit in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was Germany ($X per unit), while the price for Belarus ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+1.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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