Cameroon: Market for Tyres For Motorcycles or Bicycles 2024

Market Size for Tyres For Motorcycles or Bicycles in Cameroon

The Cameroonian motorcycle or bicycle tyre market skyrocketed to $X in 2022, rising 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). Overall, consumption posted a remarkable increase. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Exports of Tyres For Motorcycles or Bicycles

Exports from Cameroon

In 2022, motorcycle or bicycle tyre exports from Cameroon surged to X units, increasing by X% on 2021 figures. Overall, exports, however, continue to indicate a pronounced curtailment. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. The exports peaked at X units in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, motorcycle or bicycle tyre exports surged to $X in 2022. In general, exports, however, showed a mild curtailment. The pace of growth was the most pronounced in 2020 with an increase of X%. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The Philippines (X units), Sao Tome and Principe (X units) and Gabon (X units) were the main destinations of motorcycle or bicycle tyre exports from Cameroon, with a combined X% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Gabon (with a CAGR of X%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, Sao Tome and Principe ($X) remains the key foreign market for tyres for motorcycles or bicycles exports from Cameroon, comprising X% of total exports. The second position in the ranking was taken by the Philippines ($X), with a X% share of total exports. It was followed by Congo, with a X% share.

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

Export Prices by Country

In 2022, the average motorcycle or bicycle tyre export price amounted to $X per unit, falling by X% against the previous year. Over the period under review, the export price, however, saw modest growth. The growth pace was the most rapid in 2017 an increase of X%. Over the period under review, the average export prices reached the peak figure at $X per unit in 2021, and then fell markedly in the following year.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Sao Tome and Principe ($X per unit), while the average price for exports to Gabon ($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 Gabon (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Tyres For Motorcycles or Bicycles

Imports into Cameroon

In 2022, the amount of tyres for motorcycles or bicycles imported into Cameroon skyrocketed to X units, rising by X% on 2021. Over the period under review, imports saw strong growth. The pace of growth was the most pronounced in 2013 with an increase of X%. As a result, imports reached the peak of X units. From 2014 to 2022, the growth of imports failed to regain momentum.

In value terms, motorcycle or bicycle tyre imports soared to $X in 2022. Overall, imports enjoyed a significant increase. The growth pace was the most rapid in 2013 with an increase of X%. Over the period under review, imports reached the maximum at $X in 2020; however, from 2021 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X units) constituted the largest supplier of motorcycle or bicycle tyre to Cameroon, with a X% share of total imports. Moreover, motorcycle or bicycle tyre imports from China exceeded the figures recorded by the second-largest supplier, India (X units), tenfold. The third position in this ranking was taken by Vietnam (X units), with a X% share.

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

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

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

Import Prices by Country

The average motorcycle or bicycle tyre import price stood at $X per unit in 2022, shrinking by X% against the previous year. Overall, the import price, however, recorded measured growth. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. Over the period under review, average import prices attained the maximum at $X per unit in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Vietnam ($X per unit), while the price for India ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform