Angola: Market for Tyres For Motorcycles or Bicycles 2024

Market Size for Tyres For Motorcycles or Bicycles in Angola

The Angolan motorcycle or bicycle tyre market rose rapidly to $X in 2022, increasing by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, continues to indicate a noticeable setback. Over the period under review, the market attained the maximum level at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Exports of Tyres For Motorcycles or Bicycles

Exports from Angola

In 2022, after six years of decline, there was significant growth in shipments abroad of tyres for motorcycles or bicycles, when their volume increased by X% to X units. Over the period under review, exports saw a significant increase. The growth pace was the most rapid in 2015 when exports increased by X% against the previous year. As a result, the exports reached the peak of X units. From 2016 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, motorcycle or bicycle tyre exports expanded remarkably to $X in 2022. In general, exports posted a significant expansion. The pace of growth was the most pronounced in 2015 when exports increased by X%. Over the period under review, the exports reached the maximum at $X in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

Exports by Country

Democratic Republic of the Congo (X units) was the main destination for motorcycle or bicycle tyre exports from Angola, accounting for a X% share of total exports. Moreover, motorcycle or bicycle tyre exports to Democratic Republic of the Congo exceeded the volume sent to the second major destination, Cuba (X units), fivefold.

From 2012 to 2022, the average annual growth rate of volume to Democratic Republic of the Congo totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cuba (X% per year) and Sao Tome and Principe (X% per year).

In value terms, Democratic Republic of the Congo ($X) remains the key foreign market for tyres for motorcycles or bicycles exports from Angola, comprising X% of total exports. The second position in the ranking was held by Cuba ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Democratic Republic of the Congo amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cuba (X% per year) and Sao Tome and Principe (X% per year).

Export Prices by Country

The average motorcycle or bicycle tyre export price stood at $X per unit in 2022, dropping by X% against the previous year. Overall, the export price showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of X%. As a result, the export price reached the peak level of $X per unit, and then fell markedly in the following year.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Sao Tome and Principe ($X per unit), while the average price for exports to Cuba ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to South Africa (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Tyres For Motorcycles or Bicycles

Imports into Angola

In 2022, approx. X units of tyres for motorcycles or bicycles were imported into Angola; picking up by X% compared with 2021 figures. Over the period under review, imports, however, showed a abrupt curtailment. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. Imports peaked 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 expanded sharply to $X in 2022. Overall, imports, however, continue to indicate a pronounced setback. The pace of growth appeared the most rapid in 2020 when imports increased by X% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X units) constituted the largest motorcycle or bicycle tyre supplier to Angola, with a X% share of total imports. It was followed by Vietnam (X units), with a X% share of total imports. The third position in this ranking was taken by Portugal (X units), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (X% per year) and Portugal (X% per year).

In value terms, China ($X) constituted the largest supplier of tyres for motorcycles or bicycles to Angola, comprising X% of total imports. The second position in the ranking was taken by Vietnam ($X), with a X% share of total imports. It was followed by Portugal, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (X% per year) and Portugal (X% per year).

Import Prices by Country

The average motorcycle or bicycle tyre import price stood at $X per unit in 2022, with a decrease of X% against the previous year. In general, import price indicated buoyant growth 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, motorcycle or bicycle tyre import price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. Over the period under review, average import prices reached the maximum at $X per unit in 2021, and then contracted in the following year.

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 Vietnam ($X per unit), while the price for Hong Kong SAR ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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