Market for Truck and Bus Tyre in Russia
Market Overview
The Russian truck and bus tyre market fell slightly to $
in , dropping by -% 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 continues to indicate a relatively flat trend pattern. Truck and bus tyre consumption peaked at $ in 2011; however, from 2012 to , consumption remained at a lower figure.
In value terms, truck and bus tyre production shrank to $ in estimated in export price. Overall, production, however, showed a perceptible decline. The pace of growth appeared the most rapid in 2011 with an increase of %. As a result, production reached the peak level of $. From 2012 to , production growth remained at a somewhat lower figure.
in , dropping by -% 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 continues to indicate a relatively flat trend pattern. Truck and bus tyre consumption peaked at $ in 2011; however, from 2012 to , consumption remained at a lower figure.In value terms, truck and bus tyre production shrank to $
in estimated in export price. Overall, production, however, showed a perceptible decline. The pace of growth appeared the most rapid in 2011 with an increase of %. As a result, production reached the peak level of $. From 2012 to , production growth remained at a somewhat lower figure.Consumption
After two years of growth, consumption of tyres for buses or lorries decreased by -% to units in . Over the period under review, consumption saw a relatively flat trend pattern. As a result, consumption attained the peak volume of units. From 2018 to , the growth of the consumption failed to regain momentum.
The value of the truck and bus tyre market in Russia dropped to $ in , with a decrease of -% 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). In general, consumption saw a relatively flat trend pattern. Truck and bus tyre consumption peaked at $ in 2011; however, from 2012 to , consumption failed to regain momentum.
% to units in . Over the period under review, consumption saw a relatively flat trend pattern. As a result, consumption attained the peak volume of units. From 2018 to , the growth of the consumption failed to regain momentum.The value of the truck and bus tyre market in Russia dropped to $
in , with a decrease of -% 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). In general, consumption saw a relatively flat trend pattern. Truck and bus tyre consumption peaked at $ in 2011; however, from 2012 to , consumption failed to regain momentum.Market Forecast
Depressed by shrinking demand for truck and bus tyre in Russia, the market is expected to continue its downward consumption trend over the next eight years. The performance of the market is forecast to contract with an anticipated CAGR of -% for the period from to , which is projected to depress the market volume to units by the end of .
In value terms, the market is forecast to contract with an anticipated CAGR of +% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .
% for the period from to , which is projected to depress the market volume to units by the end of .In value terms, the market is forecast to contract with an anticipated CAGR of +
% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .Market Structure
Driven by a growing demand, the share of imports in total supply in Russia increased significantly over the last fifteen-year period (from % to %).
% to %).Trade Balance
Russia remains a net importer of truck and bus tyre; in physical and value terms, imports consistently exceeded exports from 2007 to . In , there was a trade deficit of units, which was equal to $. Those figures reflect the fact that neither imports nor exports don’t dominate the trade balance, and the country may export not only the product manufactured domestically, but also re-export some previously imported goods.
. In , there was a trade deficit of units, which was equal to $. Those figures reflect the fact that neither imports nor exports don’t dominate the trade balance, and the country may export not only the product manufactured domestically, but also re-export some previously imported goods.
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