Russia Automotive Tire Market Outlook

russia is a country with a huge potential in the automotive tire market. according to the research, russia is already the 4th largest producer of tires in europe, and exports to more than 50 countries ranging from the usa to japan. moreover, russia has become one of the leading countries in terms of the demand for tires in the last two years. despite the current global economic climate, the automotive tire industry in russia is expected to reach a new peak in 2018. this is mainly attributed to the fact that the russian automotive industry is expected to grow by 1.9% in 2018, which will in turn, boost the demand for tires. in the next five years, the tire production in russia is predicted to increase from 13 million units (2018) to 17 million units by 2023, while the consumption is expected to grow from 12 million units (2018) to around 15 million units by 2023. this is also believed to be further aided by the implementation of the strategic plan on recyclability of tires, which is projected to increase the production of tires in efficiency and reduce their environmental impact. looking ahead to the next 15 years, the demand for automotive tires in russia is likely to remain on the rise as the country continues to modernize its vehicle fleet and the number of vehicles on the road is estimated to increase. additionally, the forecasts suggest that more and more chinese manufacturers are likely to enter the russian tire market, which would provide further competition to established brands. furthermore, with its geographic position, russia is expected to continue to export tires to countries in the middle east and north africa. as the world’s third largest automobile exporter, russian shipments of tires to the region are expected to remain strong in the coming years. to sum up, the russian automotive tire market is set to experience major growth in the next few years. while the russian tire production and consumption are expected to increase, manufacturers must pay attention to the quality of their products, and improve their efficiency to remain competitive on the global market. additionally, continuous research and development should be carried out to meet the changing demands of the market and maintain its high growth levels.