SADC: Retreaded Pneumatic Tyre Market 2024

Retreaded Pneumatic Tyre Market Size in SADC

After three years of growth, the SADC retreaded pneumatic tyre market decreased by -0.3% to $X in 2022. In general, consumption, however, recorded a slight setback. The most prominent rate of growth was recorded in 2020 when the market value increased by 1.5% against the previous year. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Retreaded Pneumatic Tyre Production in SADC

In value terms, retreaded pneumatic tyre production declined to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the production volume increased by 3.9%. Over the period under review, production reached the peak level at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Retreaded Pneumatic Tyre Exports

Exports in SADC

In 2022, after four years of decline, there was significant growth in shipments abroad of retreaded pneumatic tyres, when their volume increased by 27% to X units. In general, exports, however, saw a abrupt decline. The pace of growth appeared the most rapid in 2017 with an increase of 58% against the previous year. As a result, the exports reached the peak of X units. From 2018 to 2022, the growth of the exports remained at a lower figure.

In value terms, retreaded pneumatic tyre exports soared to $X in 2022. Over the period under review, exports, however, recorded a perceptible descent. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

South Africa dominates exports structure, recording X units, which was near 82% of total exports in 2022. It was distantly followed by Tanzania (X units), comprising an 8.9% share of total exports. Zimbabwe (X units) and Botswana (X units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to retreaded pneumatic tyre exports from South Africa stood at -7.9%. At the same time, Tanzania (+44.1%), Botswana (+31.1%) and Zimbabwe (+7.0%) displayed positive paces of growth. Moreover, Tanzania emerged as the fastest-growing exporter exported in SADC, with a CAGR of +44.1% from 2012-2022. From 2012 to 2022, the share of Tanzania, Botswana and Zimbabwe increased by +8.7, +2.3 and +2 percentage points, respectively.

In value terms, South Africa ($X) remains the largest retreaded pneumatic tyre supplier in SADC, comprising 69% of total exports. The second position in the ranking was held by Tanzania ($X), with an 18% share of total exports. It was followed by Zimbabwe, with a 4.9% share.

From 2012 to 2022, the average annual growth rate of value in South Africa amounted to -7.6%. In the other countries, the average annual rates were as follows: Tanzania (+51.6% per year) and Zimbabwe (+3.9% per year).

Export Prices by Country

In 2022, the export price in SADC amounted to $X per unit, picking up by 24% against the previous year. Export price indicated a slight expansion from 2012 to 2022: its price increased at an average annual rate of +1.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, retreaded pneumatic tyre export price decreased by -1.6% against 2019 indices. The growth pace was the most rapid in 2019 an increase of 62% against the previous year. The level of export peaked at $X per unit in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Tanzania ($X per unit), while Botswana ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Tanzania (+5.2%), while the other leaders experienced more modest paces of growth.

Retreaded Pneumatic Tyre Imports

Imports in SADC

In 2022, retreaded pneumatic tyre imports in SADC reached X units, growing by 12% on the previous year. In general, imports, however, continue to indicate a perceptible reduction. The most prominent rate of growth was recorded in 2017 with an increase of 47% against the previous year. The volume of import peaked at X units in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, retreaded pneumatic tyre imports amounted to $X in 2022. Overall, imports, however, continue to indicate a abrupt decrease. The pace of growth was the most pronounced in 2019 when imports increased by 22% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Democratic Republic of the Congo (X units), distantly followed by Madagascar (X units), Mozambique (X units), Lesotho (X units), Swaziland (X units), Comoros (X units), Malawi (X units), Tanzania (X units) and Angola (X units) represented the largest importers of retreaded pneumatic tyres, together creating 86% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Mozambique (with a CAGR of +38.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest retreaded pneumatic tyre importing markets in SADC were Swaziland ($X), Tanzania ($X) and Mozambique ($X), together accounting for 31% of total imports.

Mozambique, with a CAGR of +16.8%, saw the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in SADC stood at $X per unit in 2022, which is down by -9.1% against the previous year. In general, the import price continues to indicate a pronounced shrinkage. The pace of growth was the most pronounced in 2016 when the import price increased by 48%. As a result, import price reached the peak level of $X per unit. From 2017 to 2022, the import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Swaziland ($X per unit), while Madagascar ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malawi (+10.7%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform