Africa: Tyre Market 2024

Tyre Market Size in Africa

The African tyre market contracted to $X in 2022, with a decrease of X% against the previous year. In general, consumption showed a relatively flat trend pattern. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Tyre Production in Africa

In value terms, tyre production reduced to $X in 2022 estimated in export price. In general, production showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the production volume increased by X%. The level of production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Tyre Exports

Exports in Africa

In 2022, approx. X units of tyres were exported in Africa; approximately reflecting the year before. In general, exports showed a abrupt shrinkage. The pace of growth was the most pronounced in 2018 with an increase of X%. The volume of export peaked at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, tyre exports surged to $X in 2022. Over the period under review, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

South Africa represented the largest exporting country with an export of about X units, which reached X% of total exports. Egypt (X units) ranks second in terms of the total exports with a X% share, followed by Uganda (X%). Tunisia (X units) held a minor share of total exports.

Exports from South Africa decreased at an average annual rate of X% from 2012 to 2022. At the same time, Uganda (X%) and Egypt (X%) displayed positive paces of growth. Moreover, Uganda emerged as the fastest-growing exporter exported in Africa, with a CAGR of X% from 2012-2022. By contrast, Tunisia (X%) illustrated a downward trend over the same period. South Africa (X p.p.), Uganda (X p.p.) and Egypt (X p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2012 to 2022, the average annual rate of growth in terms of value in South Africa amounted to X%. The remaining exporting countries recorded the following average annual rates of exports growth: Egypt (X% per year) and Tunisia (X% per year).

Export Prices by Country

In 2022, the export price in Africa amounted to $X per unit, rising by X% against the previous year. Export price indicated a remarkable increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, tyre export price increased by X% against 2019 indices. The pace of growth appeared the most rapid in 2013 when the export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2014 to 2022, the export prices failed to regain momentum.

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 Egypt ($X per unit), while Uganda ($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 a decline in the export price figures.

Tyre Imports

Imports in Africa

In 2022, tyre imports in Africa declined to X units, shrinking by X% against 2021 figures. Overall, imports recorded a mild curtailment. The pace of growth was the most pronounced in 2021 with an increase of X%. Over the period under review, imports reached the maximum at X units in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, tyre imports fell to $X in 2022. In general, imports recorded a mild curtailment. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

South Africa (X units) and Morocco (X units) represented roughly X% of total imports in 2022. Egypt (X units) ranks next in terms of the total imports with a X% share, followed by Tanzania (X%), Algeria (X%) and Kenya (X%). The following importers - Ghana (X units), Mali (X units), Tunisia (X units), Ethiopia (X units), Sudan (X units), Libya (X units) and Nigeria (X units) - together made up X% of total imports.

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

In value terms, the largest tyre importing markets in Africa were South Africa ($X), Egypt ($X) and Morocco ($X), together accounting for X% of total imports. Algeria, Tanzania, Ghana, Ethiopia, Kenya, Nigeria, Libya, Sudan, Mali and Tunisia lagged somewhat behind, together accounting for a further X%.

Tunisia, with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main importing countries 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 period under review, the import price showed slight growth. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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 Tanzania (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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