Kenya: Passenger Car Tyre Market 2024

Passenger Car Tyre Market Size in Kenya

The Kenyan passenger car tyre market skyrocketed to $X in 2021, picking up by 48% against the previous year. In general, consumption, however, recorded a relatively flat trend pattern. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Passenger Car Tyre Production in Kenya

In value terms, passenger car tyre production reached $X in 2021 estimated in export price. Overall, production, however, recorded a abrupt contraction. The pace of growth was the most pronounced in 2013 when the production volume increased by 7.7% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2021, production growth remained at a somewhat lower figure.

Passenger Car Tyre Exports

Exports from Kenya

After five years of decline, overseas shipments of tyres for motor cars increased by 134% to X units in 2021. Overall, exports, however, faced a precipitous contraction. Over the period under review, the exports hit record highs at X units in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

In value terms, passenger car tyre exports skyrocketed to $X in 2021. Over the period under review, exports, however, showed a dramatic slump. The exports peaked at $X in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Burundi (X units), Uganda (X units) and Somalia (X units) were the main destinations of passenger car tyre exports from Kenya, with a combined 60% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Burundi (with a CAGR of -2.3%), while shipments for the other leaders experienced a decline.

In value terms, the largest markets for passenger car tyre exported from Kenya were Uganda ($X), Burundi ($X) and South Sudan ($X), with a combined 56% share of total exports.

Among the main countries of destination, Burundi, with a CAGR of -9.8%, 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 a decline.

Export Prices by Country

The average passenger car tyre export price stood at $X per unit in 2021, which is down by -36.5% against the previous year. In general, the export price continues to indicate a abrupt descent. The growth pace was the most rapid in 2020 an increase of 75% against the previous year. The export price peaked at $X per unit in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Malawi ($X per unit), while the average price for exports to Somalia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Malawi (-1.7%), while the prices for the other major destinations experienced a decline.

Passenger Car Tyre Imports

Imports into Kenya

In 2021, overseas purchases of tyres for motor cars increased by 24% to X units for the first time since 2018, thus ending a two-year declining trend. Over the period under review, imports, however, saw a abrupt decline. The pace of growth appeared the most rapid in 2014 when imports increased by 76%. Imports peaked at X units in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, passenger car tyre imports surged to $X in 2021. In general, imports continue to indicate a pronounced expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X units) constituted the largest passenger car tyre supplier to Kenya, with a 57% share of total imports. Moreover, passenger car tyre imports from China exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X units), fourfold. Thailand (X units) ranked third in terms of total imports with a 4.4% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled +7.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (-21.5% per year) and Thailand (+10.7% per year).

In value terms, China ($X) constituted the largest supplier of tyres for motor cars to Kenya, comprising 41% of total imports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 10% share of total imports. It was followed by Thailand, with a 9.7% share.

From 2012 to 2021, the average annual growth rate of value from China stood at +7.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (-13.7% per year) and Thailand (+19.4% per year).

Import Prices by Country

The average passenger car tyre import price stood at $X per unit in 2021, increasing by 51% against the previous year. Over the period under review, the import price showed a resilient expansion. The most prominent rate of growth was recorded in 2013 when the average import price increased by 102%. Over the period under review, average import prices attained the peak figure in 2021 and is expected to retain growth in the near future.

Prices varied noticeably country of origin: the country with the highest price was Thailand ($X per unit), while the price for the United Arab Emirates ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+9.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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