SADC: Market for Tyres For Agriculture, Forestry, Construction, Industry And Other Off The Road Vehicles 2024

Market Size for Tyres For Agriculture, Forestry, Construction, Industry And Other Off The Road Vehicles in SADC

For the sixth consecutive year, the SADC market for tyres for agriculture, forestry, construction, industry and other off the road vehicles recorded growth in sales value, which increased by 0.8% to $X in 2022. Overall, consumption, however, saw a relatively flat trend pattern. Over the period under review, the market attained the peak level at $X in 2015; afterwards, it flattened through to 2022.

Production of Tyres For Agriculture, Forestry, Construction, Industry And Other Off The Road Vehicles in SADC

In value terms, production of tyres for agriculture, forestry, construction, industry and other off the road vehicles totaled $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 with an increase of 20%. The level of production peaked at $X in 2015; however, from 2016 to 2022, production stood at a somewhat lower figure.

Exports of Tyres For Agriculture, Forestry, Construction, Industry And Other Off The Road Vehicles

Exports in SADC

In 2022, overseas shipments of tyres for agriculture, forestry, construction, industry and other off the road vehicles increased by 10% to X units, rising for the second year in a row after six years of decline. Overall, exports, however, recorded a noticeable reduction. The pace of growth was the most pronounced in 2021 when exports increased by 29%. The volume of export peaked at X units in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of tyres for agriculture, forestry, construction, industry and other off the road vehicles rose markedly to $X in 2022. In general, exports, however, continue to indicate a noticeable contraction. The growth pace was the most rapid in 2017 when exports increased by 58%. The level of export peaked at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

South Africa represented the largest exporter of tyres for agriculture, forestry, construction, industry and other off the road vehicles in SADC, with the volume of exports reaching X units, which was approx. 73% of total exports in 2022. It was distantly followed by Namibia (X units), generating a 23% share of total exports.

Exports from South Africa decreased at an average annual rate of -5.6% from 2012 to 2022. At the same time, Namibia (+13.6%) displayed positive paces of growth. Moreover, Namibia emerged as the fastest-growing exporter exported in SADC, with a CAGR of +13.6% from 2012-2022. Namibia (+18 p.p.) significantly strengthened its position in terms of the total exports, while South Africa saw its share reduced by -16% from 2012 to 2022, respectively.

In value terms, South Africa ($X) and Namibia ($X) were the countries with the highest levels of exports in 2022.

Namibia, with a CAGR of +25.1%, saw the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review.

Export Prices by Country

In 2022, the export price in SADC amounted to $X per unit, shrinking by -3.5% against the previous year. Export price indicated slight growth from 2012 to 2022: its price increased at an average annual rate of +1.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for tyres for agriculture, forestry, construction, industry and other off the road vehicles decreased by -5.2% against 2020 indices. The pace of growth appeared the most rapid in 2017 an increase of 61%. The level of export peaked at $X per unit in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Namibia ($X per unit), while South Africa amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Namibia (+10.2%).

Imports of Tyres For Agriculture, Forestry, Construction, Industry And Other Off The Road Vehicles

Imports in SADC

In 2022, overseas purchases of tyres for agriculture, forestry, construction, industry and other off the road vehicles increased by 7.5% to X units, rising for the second consecutive year after two years of decline. Over the period under review, imports, however, recorded a pronounced contraction. The pace of growth was the most pronounced in 2017 with an increase of 16%. The volume of import peaked at X units in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, imports of tyres for agriculture, forestry, construction, industry and other off the road vehicles rose notably to $X in 2022. In general, imports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when imports increased by 40%. Over the period under review, imports of tyres for agriculture, forestry, construction, industry and other off road vehicles hit record highs at $X in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

Imports by Country

South Africa represented the main importing country with an import of about X units, which amounted to 44% of total imports. It was distantly followed by Tanzania (X units), Mozambique (X units), Namibia (X units) and Democratic Republic of the Congo (X units), together constituting a 38% share of total imports. The following importers - Mauritius (X units) and Zambia (X units) - each finished at a 6.5% share of total imports.

South Africa experienced a relatively flat trend pattern with regard to volume of imports of tyres for agriculture, forestry, construction, industry and other off the road vehicles. At the same time, Tanzania (+9.6%) and Democratic Republic of the Congo (+1.3%) displayed positive paces of growth. Moreover, Tanzania emerged as the fastest-growing importer imported in SADC, with a CAGR of +9.6% from 2012-2022. By contrast, Namibia (-2.5%), Mauritius (-4.0%), Mozambique (-7.1%) and Zambia (-11.3%) illustrated a downward trend over the same period. From 2012 to 2022, the share of South Africa, Tanzania and Democratic Republic of the Congo increased by +18, +14 and +2.1 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) constitutes the largest market for imported tyres for agriculture, forestry, construction, industry and other off the road vehicles in SADC, comprising 59% of total imports. The second position in the ranking was taken by Democratic Republic of the Congo ($X), with a 9% share of total imports. It was followed by Zambia, with an 8.6% share.

In South Africa, imports of tyres for agriculture, forestry, construction, industry and other off the road vehicles increased at an average annual rate of +1.9% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Democratic Republic of the Congo (+5.0% per year) and Zambia (-6.0% per year).

Import Prices by Country

The import price in SADC stood at $X per unit in 2022, almost unchanged from the previous year. Import price indicated measured growth from 2012 to 2022: its price increased at an average annual rate of +3.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for tyres for agriculture, forestry, construction, industry and other off the road vehicles decreased by -10.0% against 2019 indices. The pace of growth appeared the most rapid in 2019 an increase of 38%. As a result, import price attained the peak level of $X per unit. From 2020 to 2022, the import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Zambia ($X per unit), while Mauritius ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mozambique (+12.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform