Angola: Retreaded Pneumatic Tyre Market 2024

Retreaded Pneumatic Tyre Market Size in Angola

The Angolan retreaded pneumatic tyre market expanded significantly to $X in 2022, picking up by 5.5% against the previous year. The market value increased at an average annual rate of +1.8% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Retreaded Pneumatic Tyre Production in Angola

In value terms, retreaded pneumatic tyre production totaled $X in 2022 estimated in export price. In general, the total production indicated a notable increase from 2012 to 2022: its value increased at an average annual rate of +3.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -4.8% against 2020 indices. The most prominent rate of growth was recorded in 2019 with an increase of 30% against the previous year. Over the period under review, production reached the peak level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Retreaded Pneumatic Tyre Exports

Exports from Angola

After two years of growth, shipments abroad of retreaded pneumatic tyres decreased by -20.7% to X units in 2022. In general, exports continue to indicate a deep contraction. The growth pace was the most rapid in 2016 with an increase of 216% against the previous year. As a result, the exports reached the peak of X units. From 2017 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, retreaded pneumatic tyre exports dropped notably to $X in 2022. Overall, exports showed a abrupt downturn. The growth pace was the most rapid in 2016 with an increase of 130%. As a result, the exports attained the peak of $X. From 2017 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Democratic Republic of the Congo (X units) was the main destination for retreaded pneumatic tyre exports from Angola, accounting for a 68% share of total exports. Moreover, retreaded pneumatic tyre exports to Democratic Republic of the Congo exceeded the volume sent to the second major destination, Belgium (X units), twofold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Democratic Republic of the Congo totaled -14.4%.

In value terms, the largest markets for retreaded pneumatic tyre exported from Angola were Belgium ($X) and Democratic Republic of the Congo ($X).

Belgium, with a CAGR of +32.9%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review.

Export Prices by Country

In 2022, the average retreaded pneumatic tyre export price amounted to $X per unit, remaining relatively unchanged against the previous year. Overall, the export price showed a buoyant expansion. The pace of growth was the most pronounced in 2019 an increase of 101% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2020 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Belgium ($X per unit), while the average price for exports to Democratic Republic of the Congo stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Democratic Republic of the Congo (+2.2%).

Retreaded Pneumatic Tyre Imports

Imports into Angola

In 2022, after two years of growth, there was decline in supplies from abroad of retreaded pneumatic tyres, when their volume decreased by -3.5% to X units. Overall, imports showed a deep reduction. The growth pace was the most rapid in 2020 when imports increased by 211%. Imports peaked at X units in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, retreaded pneumatic tyre imports reached $X in 2022. In general, imports showed a deep downturn. The growth pace was the most rapid in 2020 when imports increased by 113% against the previous year. Over the period under review, imports attained the peak figure at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Italy (X units) constituted the largest retreaded pneumatic tyre supplier to Angola, accounting for a 41% share of total imports. Moreover, retreaded pneumatic tyre imports from Italy exceeded the figures recorded by the second-largest supplier, Belgium (X units), twofold. The third position in this ranking was held by Portugal (X units), with a 9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Italy totaled +13.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+4.7% per year) and Portugal (-23.4% per year).

In value terms, Italy ($X) constituted the largest supplier of retreaded pneumatic tyres to Angola, comprising 36% of total imports. The second position in the ranking was held by Portugal ($X), with a 14% share of total imports. It was followed by Belgium, with a 12% share.

From 2012 to 2022, the average annual growth rate of value from Italy totaled +9.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Portugal (-22.2% per year) and Belgium (-6.5% per year).

Import Prices by Country

In 2022, the average retreaded pneumatic tyre import price amounted to $X per unit, rising by 11% against the previous year. Overall, the import price, however, recorded a pronounced decline. The pace of growth was the most pronounced in 2015 an increase of 22% against the previous year. Over the period under review, average import prices reached the maximum at $X per unit in 2017; however, from 2018 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+4.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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