Ukraine: Passenger Car Tyre Market 2024

Passenger Car Tyre Market Size in Ukraine

The Ukrainian passenger car tyre market expanded sharply to $X in 2021, increasing by 15% 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). Overall, consumption posted a resilient expansion. Over the period under review, the market hit record highs in 2021 and is likely to see gradual growth in years to come.

Passenger Car Tyre Exports

Exports from Ukraine

Passenger car tyre exports from Ukraine soared to X units in 2021, growing by 38% on the previous year's figure. Overall, exports, however, showed a slight setback. The growth pace was the most rapid in 2016 when exports increased by 49%. Over the period under review, the exports attained the maximum at X units in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, passenger car tyre exports surged to $X in 2021. In general, exports, however, recorded a perceptible slump. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X units), Poland (X units) and Brazil (X units) were the main destinations of passenger car tyre exports from Ukraine, together comprising 54% of total exports. These countries were followed by Kazakhstan, Belarus, Russia, Romania, the UK, Armenia and Azerbaijan, which together accounted for a further 36%.

From 2012 to 2021, the biggest increases were recorded for Romania (with a CAGR of +205.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for passenger car tyre exported from Ukraine were the United States ($X), Poland ($X) and Kazakhstan ($X), together comprising 55% of total exports. These countries were followed by Belarus, Brazil, Russia, Romania, the UK, Armenia and Azerbaijan, which together accounted for a further 34%.

In terms of the main countries of destination, Romania, with a CAGR of +187.4%, 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

In 2021, the average passenger car tyre export price amounted to $X per unit, jumping by 21% against the previous year. In general, the export price, however, saw a pronounced reduction. Over the period under review, the average export prices attained the maximum at $X per unit in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Average prices varied somewhat for the major export markets. In 2021, the countries with the highest prices were the United States ($X per unit) and Kazakhstan ($X per unit), while the average price for exports to Brazil ($X per unit) and Azerbaijan ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Brazil (-0.3%), while the prices for the other major destinations experienced a decline.

Passenger Car Tyre Imports

Imports into Ukraine

In 2021, imports of tyres for motor cars into Ukraine reached X units, increasing by 12% on 2020. Over the period under review, imports posted a tangible expansion. The most prominent rate of growth was recorded in 2016 when imports increased by 33% against the previous year. Over the period under review, imports reached the maximum in 2021 and are likely to see gradual growth in the immediate term.

In value terms, passenger car tyre imports skyrocketed to $X in 2021. Overall, imports recorded a noticeable increase. The most prominent rate of growth was recorded in 2016 when imports increased by 37% against the previous year. Imports peaked in 2021 and are likely to see steady growth in years to come.

Imports by Country

Russia (X units), China (X units) and Belarus (X units) were the main suppliers of passenger car tyre imports to Ukraine, with a combined 45% share of total imports. These countries were followed by South Korea, Poland, Turkey, Hungary, Serbia, Japan, Germany, Slovakia and France, which together accounted for a further 48%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Hungary (with a CAGR of +17.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X), Poland ($X) and China ($X) were the largest passenger car tyre suppliers to Ukraine, together comprising 39% of total imports. These countries were followed by South Korea, Belarus, Japan, Turkey, Hungary, Germany, Serbia, France and Slovakia, which together accounted for a further 51%.

Serbia, with a CAGR of +15.7%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average passenger car tyre import price amounted to $X per unit, picking up by 14% against the previous year. Overall, the import price, however, showed a mild reduction. The most prominent rate of growth was recorded in 2017 when the average import price increased by 19%. The import price peaked at $X per unit in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was France ($X per unit), while the price for Belarus ($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 (+5.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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