Kenya: Market for Tyres For Motorcycles or Bicycles 2024

Market Size for Tyres For Motorcycles or Bicycles in Kenya

The Kenyan motorcycle or bicycle tyre market reached $X in 2022, approximately equating 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, however, showed a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Exports of Tyres For Motorcycles or Bicycles

Exports from Kenya

In 2022, overseas shipments of tyres for motorcycles or bicycles were finally on the rise to reach X units for the first time since 2013, thus ending a eight-year declining trend. Overall, exports, however, continue to indicate a sharp downturn. The exports peaked at X units in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, motorcycle or bicycle tyre exports reached $X in 2022. Over the period under review, exports, however, continue to indicate a sharp shrinkage. The most prominent rate of growth was recorded in 2013 with an increase of X%. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Democratic Republic of the Congo (X units) was the main destination for motorcycle or bicycle tyre exports from Kenya, 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, Ethiopia (X units), sevenfold. Rwanda (X units) ranked third in terms of total exports with a X% share.

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: Ethiopia (X% per year) and Rwanda (X% per year).

In value terms, Uganda ($X), Ethiopia ($X) and Democratic Republic of the Congo ($X) appeared to be the largest markets for motorcycle or bicycle tyre exported from Kenya worldwide, together comprising X% of total exports.

Among the main countries of destination, Ethiopia, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average motorcycle or bicycle tyre export price stood at $X per unit in 2022, which is down by X% against the previous year. In general, the export price, however, recorded strong growth. The pace of growth appeared the most rapid in 2021 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per unit, and then declined notably in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Uganda ($X per unit), while the average price for exports to Tanzania ($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 Ethiopia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Tyres For Motorcycles or Bicycles

Imports into Kenya

In 2022, the amount of tyres for motorcycles or bicycles imported into Kenya stood at X units, surging by X% on the previous year. Over the period under review, imports, however, showed a noticeable reduction. The most prominent rate of growth was recorded in 2020 when imports increased by X% against the previous year. Imports peaked at X units in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, motorcycle or bicycle tyre imports fell modestly to $X in 2022. Overall, imports showed a slight expansion. The pace of growth was the most pronounced in 2020 when imports increased by X% against the previous year. Imports peaked at $X in 2021, and then contracted slightly in the following year.

Imports by Country

In 2022, India (X units) constituted the largest supplier of motorcycle or bicycle tyre to Kenya, accounting for a X% share of total imports. Moreover, motorcycle or bicycle tyre imports from India exceeded the figures recorded by the second-largest supplier, China (X units), fourfold. Uganda (X units) ranked third in terms of total imports with a X% share.

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

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

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

Import Prices by Country

In 2022, the average motorcycle or bicycle tyre import price amounted to $X per unit, with a decrease of X% against the previous year. Over the period under review, the import price, however, enjoyed a strong increase. The most prominent rate of growth was recorded in 2020 when the average import price increased by X%. Over the period under review, average import prices hit record highs at $X per unit in 2021, and then shrank in the following year.

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

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

Source: IndexBox Platform

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