Africa: Market for Tyres For Agriculture, Forestry, Construction, Industry And Other Off The Road Vehicles 2024

Market Size for Tyres For Agriculture, Forestry, Construction, Industry And Other Off The Road Vehicles in Africa

The African market for tyres for agriculture, forestry, construction, industry and other off the road vehicles contracted to $X in 2022, shrinking by -9% against the previous year. Overall, consumption continues to indicate a relatively flat trend pattern. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Production of Tyres For Agriculture, Forestry, Construction, Industry And Other Off The Road Vehicles in Africa

In value terms, production of tyres for agriculture, forestry, construction, industry and other off the road vehicles reduced to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.3% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The pace of growth was the most pronounced in 2014 when the production volume increased by 21%. Over the period under review, production of tyres for agriculture, forestry, construction, industry and other off road vehicles attained the peak level at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Exports of Tyres For Agriculture, Forestry, Construction, Industry And Other Off The Road Vehicles

Exports in Africa

In 2022, shipments abroad of tyres for agriculture, forestry, construction, industry and other off the road vehicles increased by 9.7% to X units, rising for the second year in a row after six years of decline. In general, exports, however, recorded a pronounced downturn. The most prominent rate of growth was recorded in 2021 when exports increased by 26%. The volume of export peaked at X units in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, exports of tyres for agriculture, forestry, construction, industry and other off the road vehicles expanded rapidly to $X in 2022. Overall, exports, however, continue to indicate a noticeable decline. The growth pace was the most rapid in 2017 with an increase of 56% against the previous year. Over the period under review, the exports of tyres for agriculture, forestry, construction, industry and other off road vehicles attained the maximum at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

In 2022, South Africa (X units) represented the major exporter of tyres for agriculture, forestry, construction, industry and other off the road vehicles, making up 67% of total exports. It was distantly followed by Namibia (X units), creating a 21% share of total exports. The following exporters - Egypt (X units) and Mali (X units) - each resulted at a 3.9% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to agricultural, construction and industrial machinery tyre exports from South Africa stood at -5.6%. At the same time, Namibia (+13.6%) and Mali (+10.9%) displayed positive paces of growth. Moreover, Namibia emerged as the fastest-growing exporter exported in Africa, with a CAGR of +13.6% from 2012-2022. By contrast, Egypt (-3.9%) illustrated a downward trend over the same period. While the share of Namibia (+17 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of South Africa (-12.8 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X), Namibia ($X) and Mali ($X) were the countries with the highest levels of exports in 2022, together accounting for 92% of total exports.

In terms of the main exporting countries, Namibia, with a CAGR of +25.1%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2022, the export price in Africa amounted to $X per unit, which is down by -4.1% against the previous year. Export price indicated a modest increase from 2012 to 2022: its price increased at an average annual rate of +1.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2017 an increase of 59%. Over the period under review, the export prices hit record highs at $X per unit in 2021, and then dropped in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Namibia ($X per unit), while Egypt ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mali (+11.2%), while the other leaders experienced mixed trends in the export price figures.

Imports of Tyres For Agriculture, Forestry, Construction, Industry And Other Off The Road Vehicles

Imports in Africa

Imports of tyres for agriculture, forestry, construction, industry and other off the road vehicles shrank rapidly to X units in 2022, falling by -29.8% on the previous year. In general, imports saw a perceptible curtailment. The pace of growth was the most pronounced in 2021 with an increase of 17%. Over the period under review, imports of tyres for agriculture, forestry, construction, industry and other off road vehicles reached the peak figure at X units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, imports of tyres for agriculture, forestry, construction, industry and other off the road vehicles fell to $X in 2022. Over the period under review, imports continue to indicate a slight descent. The pace of growth was the most pronounced in 2017 with an increase of 27%. The level of import peaked at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Egypt (X units) and South Africa (X units) were the main importers of tyres for agriculture, forestry, construction, industry and other off the road vehicles in 2022, finishing at near 21% and 20% of total imports, respectively. Tanzania (X units) took an 8.9% share (based on physical terms) of total imports, which put it in second place, followed by Morocco (6.8%) and Algeria (4.7%). Mozambique (X units), Sudan (X units), Namibia (X units), Nigeria (X units), Democratic Republic of the Congo (X units), Kenya (X units) and Tunisia (X units) held a minor share of total imports.

From 2012 to 2022, the biggest increases were recorded for Tanzania (with a CAGR of +9.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, South Africa ($X) constitutes the largest market for imported tyres for agriculture, forestry, construction, industry and other off the road vehicles in Africa, comprising 36% of total imports. The second position in the ranking was held by Egypt ($X), with a 7.5% share of total imports. It was followed by Democratic Republic of the Congo, with a 5.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value in South Africa totaled +1.9%. In the other countries, the average annual rates were as follows: Egypt (-0.1% per year) and Democratic Republic of the Congo (+5.0% per year).

Import Prices by Country

In 2022, the import price in Africa amounted to $X per unit, rising by 30% against the previous year. Import price indicated tangible growth from 2012 to 2022: its price increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for tyres for agriculture, forestry, construction, industry and other off the road vehicles increased by +83.2% against 2016 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Democratic Republic of the Congo ($X per unit), while Sudan ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mozambique (+12.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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