Russian Tyre Prices to Rise 5 – 10%

The global tendency towards increased tyre prices could also be affecting product costs on the Russian tyre market. According to a poll conducted by Russian website topof.ru, manufacturers “unanimously speak about escalating costs of raw materials, produced both in Russia and abroad.” For companies that import their products from abroad increased transportation costs are said to be a problem. Besides the standard currency fluctuations, tariff rates are reportedly another important factor. The result: “an average delivery costs increase [of] 15 per cent.”

Despite the increase in the tyre costs, a number of companies have opted to absorb this impact and keep consumer prices at the earlier level, however some tyre manufacturers have admitted that this year they expect more price rises. Topof.ru cites “representatives of various companies” as saying tyre prices “may grow by 5 to 10 per cent, depending on the specific types and sizes.”

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