Africa: Market for Tyres For Motorcycles or Bicycles 2024

Market Size for Tyres For Motorcycles or Bicycles in Africa

In 2022, after four years of growth, there was decline in the African motorcycle or bicycle tyre market, when its value decreased by X% to $X. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of consumption peaked at $X in 2021, and then fell in the following year.

Production of Tyres For Motorcycles or Bicycles in Africa

In value terms, motorcycle or bicycle tyre production rose remarkably to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a strong expansion. The pace of growth appeared the most rapid in 2018 with an increase of X%. Over the period under review, production reached the peak level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Exports of Tyres For Motorcycles or Bicycles

Exports in Africa

Motorcycle or bicycle tyre exports reduced markedly to X units in 2022, shrinking by X% compared with the year before. In general, exports, however, recorded a strong increase. The most prominent rate of growth was recorded in 2015 when exports increased by X% against the previous year. The volume of export peaked at X units in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, motorcycle or bicycle tyre exports declined modestly to $X in 2022. Overall, exports, however, posted a resilient expansion. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. The level of export peaked at $X in 2021, and then reduced in the following year.

Exports by Country

Uganda dominates exports structure, reaching X units, which was approx. X% of total exports in 2022. South Africa (X units) ranks second in terms of the total exports with a X% share, followed by Ghana (X%). Egypt (X units) and Mauritius (X units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to motorcycle or bicycle tyre exports from Uganda stood at X%. At the same time, Egypt (X%) and Ghana (X%) displayed positive paces of growth. Moreover, Egypt emerged as the fastest-growing exporter exported in Africa, with a CAGR of X% from 2012-2022. By contrast, Mauritius (X%) and South Africa (X%) illustrated a downward trend over the same period. Uganda (X p.p.), Egypt (X p.p.) and Ghana (X p.p.) significantly strengthened its position in terms of the total exports, while Mauritius and South Africa saw its share reduced by X% and X% from 2012 to 2022, respectively.

In value terms, Uganda ($X) remains the largest motorcycle or bicycle tyre supplier in Africa, comprising X% of total exports. The second position in the ranking was taken by South Africa ($X), with a X% share of total exports. It was followed by Egypt, with an X% share.

In Uganda, motorcycle or bicycle tyre exports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: South Africa (X% per year) and Egypt (X% per year).

Export Prices by Country

In 2022, the export price in Africa amounted to $X per unit, surging by X% against the previous year. Over the period under review, the export price showed a resilient increase. The pace of growth was the most pronounced in 2014 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2015 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Egypt ($X per unit), while Mauritius ($X per unit) was amongst the lowest.

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

Imports of Tyres For Motorcycles or Bicycles

Imports in Africa

In 2022, motorcycle or bicycle tyre imports in Africa shrank notably to X units, declining by X% against the previous year's figure. In general, imports continue to indicate a noticeable contraction. The most prominent rate of growth was recorded in 2019 when imports increased by X%. Over the period under review, imports reached the maximum at X units in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, motorcycle or bicycle tyre imports declined to $X in 2022. Overall, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

The purchases of the twelve major importers of tyres for motorcycles or bicycles, namely Tanzania, Kenya, Mali, Morocco, Ghana, Tunisia, Cote d'Ivoire, South Africa, Uganda, Egypt, Nigeria and Algeria, represented more than two-thirds of total import. Madagascar (X units) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Mali (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest motorcycle or bicycle tyre importing markets in Africa were Kenya ($X), Nigeria ($X) and Tanzania ($X), with a combined X% share of total imports. Egypt, South Africa, Morocco, Ghana, Algeria, Mali, Tunisia, Cote d'Ivoire, Uganda and Madagascar lagged somewhat behind, together accounting for a further X%.

In terms of the main importing countries, Ghana, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Africa stood at $X per unit in 2022, rising by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2018 when the import price increased by X% against the previous year. The level of import peaked in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Nigeria ($X per unit), while Mali ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :