Retail prices for passenger car tires in the first quarter of 2024 increased by 12-13%, while their production increased by 34%. In total, 21.7 million tires for all types of transport were delivered to retail chains in the first quarter, which is 21.3% more than the previous year. 51% of them are of domestic production.
Active growth in production is observed in the passenger car tire segment. 8.7 million such tires were produced in the first quarter. In total, Russian factories made 11.1 million tires.
By March 2024, according to the CRPT's estimates, the average price per tire was 6.4 thousand rubles, and in the passenger car tire segment - up to 6 thousand rubles. At the same time, truck tires in Russia fell in price by 7.2%, to 24.3 thousand rubles per piece.
Auto expert Maxim Kadakov does not rule out that tires will become more expensive.
In winter, I said that at the beginning of the spring tire change season, prices would rise by 10%. But it is possible that as demand grows with the arrival of warm weather, prices will rise even more.
New Premium Tire Brands
New premium brands will soon appear on the tire market in Russia. For example, Gislaved (formerly the Continental plant in Russia) plans to launch a new premium brand on the Russian market.
The company's management has serious plans. The plant has joined the tire cluster based on JSC "Cordiant" and plans to produce up to 2.1 million tires for cars by the end of the year, which is 12% more than last year. Recall that the plant's capacity is 3.5 million tires per year.
In addition, the former Bridghstone plant in Ulyanovsk, which is also part of JSC "Kordinat", plans to restart tire production by the end of this year. The company's products will include premium tires. The plan is to produce 1.2 million tires in 2025.