Cameroon: Tyre Market 2024

Tyre Market Size in Cameroon

The Cameroonian tyre market reached $X in 2022, with an increase of 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). The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Tyre consumption peaked at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Tyre Exports

Exports from Cameroon

In 2022, overseas shipments of tyres increased by X% to X units, rising for the fourth year in a row after two years of decline. Over the period under review, exports, however, showed a slight descent. The most prominent rate of growth was recorded in 2015 when exports increased by X%. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, tyre exports amounted to $X in 2022. In general, exports, however, saw a abrupt slump. The most prominent rate of growth was recorded in 2015 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Central African Republic (X units) was the main destination for tyre exports from Cameroon, accounting for a X% share of total exports. It was followed by the Philippines (X units), with a X% share of total exports. The third position in this ranking was held by Sao Tome and Principe (X units), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Central African Republic stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Philippines (X% per year) and Sao Tome and Principe (X% per year).

In value terms, Central African Republic ($X) remains the key foreign market for tyres exports from Cameroon, comprising X% of total exports. The second position in the ranking was held by Chad ($X), with a X% share of total exports. It was followed by Sao Tome and Principe, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Central African Republic was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Chad (X% per year) and Sao Tome and Principe (X% per year).

Export Prices by Country

In 2022, the average tyre export price amounted to $X per unit, shrinking by X% against the previous year. Over the period under review, the export price saw a drastic downturn. The pace of growth was the most pronounced in 2021 when the average export price increased by X% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per unit in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Chad ($X per unit), while the average price for exports to the Philippines ($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 the UK (X%), while the prices for the other major destinations experienced mixed trend patterns.

Tyre Imports

Imports into Cameroon

Tyre imports into Cameroon soared to X units in 2022, jumping by X% against the year before. Overall, total imports indicated a strong increase from 2012 to 2022: its volume 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, imports decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2020 when imports increased by X%. As a result, imports reached the peak of X units. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, tyre imports rose notably to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by X% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, the United Arab Emirates (X units) constituted the largest tyre supplier to Cameroon, with a X% share of total imports. Moreover, tyre imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, China (X units), fourfold. Vietnam (X units) ranked third in terms of total imports with a X% share.

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

In value terms, the United Arab Emirates ($X) constituted the largest supplier of tyres to Cameroon, comprising X% of total imports. The second position in the ranking was held by China ($X), with a X% share of total imports. It was followed by Vietnam, with a X% share.

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

Import Prices by Country

In 2022, the average tyre import price amounted to $X per unit, shrinking by X% against the previous year. Over the period under review, the import price continues to indicate a pronounced decrease. The pace of growth was the most pronounced in 2021 an increase of X%. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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 ($X per unit), while the price for Nigeria ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform