Tires&Rubber, an international tire and rubber exhibition held annually in Moscow, is one of the largest professional exhibitions in Russia and the CIS region, and the only tire and rubber manufacturing and trade exhibition in Russia. It is renowned for its strong professionalism and wide coverage. The exhibition is held once a year and is hosted by Expocentre AO. The exhibition also received support from the Federation of Industry and Commerce of the Russian Federation and the Russian Association of Chemists. Ivano, President of the Russian Association of Chemists, stated that the Russia International Tire and Rubber Exhibition has become the most important technology and trade exchange platform for the Russian tire and rubber industry. Last exhibition scale: 150 exhibitors, nearly 7000 attendees, and an exhibition area of 2000 square meters.
Russia is a major economic country in the world, with a gross domestic product ranking eighth in the world. Experts estimate that the market value of the Russian tire after-sales market is approximately 1.3 billion euros, and it is expected to increase to 2.6 billion euros in recent years. Among them, high-end tires account for about 60% of the market sales share. Michelin, Continental, and Pirelli all have their own wholly-owned or joint venture factories in Russia; Michelin, Pirelli, Goodyear, and others have also established retail businesses throughout Russia. Amjer Ferretistein and Sibul Russian Tire are two large domestic tire companies in Russia.
The current situation of the Russian tire industry is very similar to that of China. The product prices of the three world-renowned tire factories (B.S, MICHELIN, and GOODYEAR) are significantly higher than those of Russian tires. The prices of Russian tires are lower, slightly lower than those of Chinese tires, but the quality is also slightly worse than that of Chinese products. Chinese foreign contracting engineering enterprises have participated in the Russian engineering contracting market and achieved certain results. They have already performed well in fields such as energy, mineral resource development, forestry, trade, light textile, home appliances, communication, construction, services, and real estate development. With the stable economic policies and operating environment of the Russian government, the development prospects of Chinese enterprises in Russia are promising.