South Africa: Market for Tyres For Motorcycles or Bicycles 2024

Market Size for Tyres For Motorcycles or Bicycles in South Africa

The South African motorcycle or bicycle tyre market fell markedly to $X in 2022, declining by X% against 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). Over the period under review, consumption saw a pronounced shrinkage. Motorcycle or bicycle tyre consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Exports of Tyres For Motorcycles or Bicycles

Exports from South Africa

In 2022, exports of tyres for motorcycles or bicycles from South Africa reduced to X units, dropping by X% against the year before. Over the period under review, exports showed a abrupt curtailment. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, motorcycle or bicycle tyre exports soared to $X in 2022. The total export value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2016 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.

Exports by Country

Namibia (X units) was the main destination for motorcycle or bicycle tyre exports from South Africa, accounting for a X% share of total exports. Moreover, motorcycle or bicycle tyre exports to Namibia exceeded the volume sent to the second major destination, Swaziland (X units), twofold. The third position in this ranking was taken by Botswana (X units), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Namibia amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Swaziland (X% per year) and Botswana (X% per year).

In value terms, Namibia ($X), Democratic Republic of the Congo ($X) and Kenya ($X) were the largest markets for motorcycle or bicycle tyre exported from South Africa worldwide, with a combined X% share of total exports. The Netherlands, Zimbabwe, Swaziland, Botswana and Zambia lagged somewhat behind, together accounting for a further X%.

The Netherlands, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average motorcycle or bicycle tyre export price stood at $X per unit in 2022, increasing by X% against the previous year. In general, the export price recorded a strong increase. The pace of growth appeared the most rapid in 2016 an increase of X% against the previous year. Over the period under review, the average export prices attained the maximum in 2022 and is expected to retain growth in the near future.

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

Imports of Tyres For Motorcycles or Bicycles

Imports into South Africa

Motorcycle or bicycle tyre imports into South Africa reduced sharply to X units in 2022, dropping by X% compared with 2021 figures. Overall, imports recorded a abrupt downturn. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at X units in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, motorcycle or bicycle tyre imports dropped to $X in 2022. Over the period under review, imports recorded a noticeable decrease. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

China (X units), India (X units) and Taiwan (Chinese) (X units) were the main suppliers of motorcycle or bicycle tyre imports to South Africa, together accounting for X% of total imports. Vietnam, Thailand, Indonesia, Japan, Germany and Sri Lanka lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Vietnam (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Taiwan (Chinese) ($X), China ($X) and Germany ($X) appeared to be the largest motorcycle or bicycle tyre suppliers to South Africa, with a combined X% share of total imports. Thailand, Japan, Indonesia, Vietnam, India and Sri Lanka lagged somewhat behind, together accounting for a further X%.

Vietnam, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average motorcycle or bicycle tyre import price stood at $X per unit in 2022, increasing by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

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

Source: IndexBox Platform

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