South Africa: Retreaded Pneumatic Tyre Market 2024

Retreaded Pneumatic Tyre Market Size in South Africa

The South African retreaded pneumatic tyre market dropped to $X in 2022, reducing by -4.1% against the previous year. Overall, consumption continues to indicate a pronounced decline. Retreaded pneumatic tyre consumption peaked at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Retreaded Pneumatic Tyre Production in South Africa

In value terms, retreaded pneumatic tyre production reduced modestly to $X in 2022 estimated in export price. In general, production showed a pronounced decrease. The pace of growth appeared the most rapid in 2015 when the production volume increased by 17%. Retreaded pneumatic tyre production peaked at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Retreaded Pneumatic Tyre Exports

Exports from South Africa

In 2022, overseas shipments of retreaded pneumatic tyres were finally on the rise to reach X units after four years of decline. Overall, exports, however, continue to indicate a abrupt descent. The pace of growth appeared the most rapid in 2017 when exports increased by 68%. Over the period under review, the exports hit record highs at X units in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, retreaded pneumatic tyre exports skyrocketed to $X in 2022. Over the period under review, exports, however, recorded a abrupt curtailment. The pace of growth appeared the most rapid in 2017 with an increase of 71%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Botswana (X units), Lesotho (X units) and Swaziland (X units) were the main destinations of retreaded pneumatic tyre exports from South Africa, together accounting for 64% of total exports. Malawi, Mozambique, Namibia, Zambia, Zimbabwe and Belgium lagged somewhat behind, together comprising a further 30%.

From 2012 to 2022, the biggest increases were recorded for Mozambique (with a CAGR of +20.6%), while shipments for the other leaders experienced a decline.

In value terms, Swaziland ($X) remains the key foreign market for retreaded pneumatic tyres exports from South Africa, comprising 32% of total exports. The second position in the ranking was held by Botswana ($X), with an 11% share of total exports. It was followed by Namibia, with an 8.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Swaziland totaled -3.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Botswana (-17.7% per year) and Namibia (-1.8% per year).

Export Prices by Country

In 2022, the average retreaded pneumatic tyre export price amounted to $X per unit, with an increase of 16% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2019 an increase of 69%. The export price peaked at $X per unit in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Belgium ($X per unit), while the average price for exports to Lesotho ($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 Swaziland (+10.8%), while the prices for the other major destinations experienced more modest paces of growth.

Retreaded Pneumatic Tyre Imports

Imports into South Africa

In 2022, after two years of decline, there was significant growth in purchases abroad of retreaded pneumatic tyres, when their volume increased by 27% to X units. In general, imports, however, showed a deep reduction. The most prominent rate of growth was recorded in 2014 with an increase of 54% against the previous year. As a result, imports reached the peak of X units. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, retreaded pneumatic tyre imports contracted to $X in 2022. Overall, imports, however, showed a abrupt slump. The growth pace was the most rapid in 2018 when imports increased by 37%. Over the period under review, imports reached the maximum at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, the Netherlands (X units) constituted the largest retreaded pneumatic tyre supplier to South Africa, accounting for a 74% share of total imports. Moreover, retreaded pneumatic tyre imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Belgium (X units), fourfold. The third position in this ranking was taken by Japan (X units), with a 5.7% share.

From 2012 to 2022, the average annual growth rate of volume from the Netherlands totaled +4.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (-18.2% per year) and Japan (+3.2% per year).

In value terms, the Netherlands ($X) constituted the largest supplier of retreaded pneumatic tyres to South Africa, comprising 57% of total imports. The second position in the ranking was taken by Belgium ($X), with a 25% share of total imports. It was followed by Japan, with a 16% share.

From 2012 to 2022, the average annual growth rate of value from the Netherlands totaled -1.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (-22.9% per year) and Japan (-7.8% per year).

Import Prices by Country

The average retreaded pneumatic tyre import price stood at $X per unit in 2022, which is down by -25.1% against the previous year. Overall, the import price saw a noticeable decrease. The pace of growth appeared the most rapid in 2015 an increase of 88% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2016; however, from 2017 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Lesotho (+13.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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