Updated Sep 27, 2022 12:28

Market for Motorcycle or Bicycle Tyre in Belarus

Market Overview
In , the Belarusian motorcycle or bicycle tyre market decreased by -% to $, falling for the second year in a row after four years of growth. Overall, consumption recorded a abrupt decline. Motorcycle or bicycle tyre consumption peaked at $ in 2019; however, from to , consumption stood at a somewhat lower figure.


Consumption
In , consumption of tyres for motorcycles or bicycles decreased by -% to units, falling for the fourth consecutive year after three years of growth. Over the period under review, consumption recorded a abrupt descent. Motorcycle or bicycle tyre consumption peaked at units in 2018; however, from 2019 to , consumption stood at a somewhat lower figure.

The size of the motorcycle or bicycle tyre market in Belarus shrank to $ in , waning 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 saw a abrupt descent. Motorcycle or bicycle tyre consumption peaked at $ in 2019; however, from to , consumption remained at a lower figure.


Market Forecast
Depressed by shrinking demand for motorcycle or bicycle tyre in Belarus, 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 .


Market Structure
Motorcycle or bicycle tyre market in Belarus consists almost entirely of imported products. In recent years, import price have increased sharply. Despite the hike in price, Belarus relies completely on foreign supplies: the volume of domestic output remains insufficient to satiate market demand. In , the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports decreased moderately (- percentage point) over the period under review.


Trade Balance
Belarus remains a net importer of motorcycle or bicycle 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.