Kenya: Retreaded Pneumatic Tyre Market 2024

Retreaded Pneumatic Tyre Market Size in Kenya

The Kenyan retreaded pneumatic tyre market expanded sharply to $X in 2022, growing by 8.7% against the previous year. Over the period under review, the total consumption indicated modest growth from 2012 to 2022: its value increased at an average annual rate of +1.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -7.5% against 2020 indices. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Retreaded Pneumatic Tyre Production in Kenya

In value terms, retreaded pneumatic tyre production expanded remarkably to $X in 2022 estimated in export price. In general, the total production indicated modest growth from 2012 to 2022: its value increased at an average annual rate of +1.9% 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 -7.7% against 2020 indices. The pace of growth appeared the most rapid in 2020 with an increase of 45% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

Retreaded Pneumatic Tyre Exports

Exports from Kenya

In 2022, shipments abroad of retreaded pneumatic tyres was finally on the rise to reach X units after two years of decline. Overall, exports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2013 when exports increased by 787%. The exports peaked at X units in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

In value terms, retreaded pneumatic tyre exports surged to $X in 2022. Over the period under review, exports, however, showed a pronounced decline. The growth pace was the most rapid in 2013 with an increase of 770% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Uganda (X units), Tanzania (X units) and the UK (X units) were the main destinations of retreaded pneumatic tyre exports from Kenya, together accounting for 86% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Uganda (with a CAGR of +18.2%), while the other leaders experienced mixed trend patterns.

In value terms, the largest markets for retreaded pneumatic tyre exported from Kenya were the UK ($X), Tanzania ($X) and Uganda ($X), with a combined 88% share of total exports.

In terms of the main countries of destination, Tanzania, with a CAGR of +6.6%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2022, the average retreaded pneumatic tyre export price amounted to $X per unit, jumping by 38% against the previous year. Overall, the export price, however, saw a slight decline. The pace of growth was the most pronounced in 2016 an increase of 221%. The export price peaked at $X per unit in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($X per unit), while the average price for exports to Rwanda ($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 Tanzania (+5.5%), while the prices for the other major destinations experienced more modest paces of growth.

Retreaded Pneumatic Tyre Imports

Imports into Kenya

In 2022, the amount of retreaded pneumatic tyres imported into Kenya contracted notably to X units, declining by -26.3% against 2021. Overall, imports saw a deep slump. The most prominent rate of growth was recorded in 2018 when imports increased by 176%. As a result, imports attained the peak of X units. From 2019 to 2022, the growth of imports remained at a lower figure.

In value terms, retreaded pneumatic tyre imports fell sharply to $X in 2022. In general, imports recorded a pronounced decline. The most prominent rate of growth was recorded in 2021 with an increase of 89%. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

India (X units), China (X units) and the UK (X units) were the main suppliers of retreaded pneumatic tyre imports to Kenya, together comprising 68% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by India (with a CAGR of +8.2%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the largest retreaded pneumatic tyre suppliers to Kenya were the UK ($X), the Netherlands ($X) and China ($X), together accounting for 74% of total imports.

Among the main suppliers, China, with a CAGR of +9.2%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average retreaded pneumatic tyre import price stood at $X per unit in 2022, growing by 3.8% against the previous year. Overall, the import price recorded strong growth. The most prominent rate of growth was recorded in 2016 an increase of 428%. As a result, import price reached the peak level of $X per unit. From 2017 to 2022, the average 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 the Netherlands ($X per unit), while the price for India ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+18.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :