South Africa: Passenger Car Tyre Market 2024

Passenger Car Tyre Market Size in South Africa

In 2021, the South African passenger car tyre market was finally on the rise to reach $X after two years of decline. The market value increased at an average annual rate of +1.3% over the period from 2012 to 2021; however, the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. As a result, consumption reached the peak level of $X. From 2016 to 2021, the growth of the market remained at a somewhat lower figure.

Passenger Car Tyre Production in South Africa

In value terms, passenger car tyre production stood at $X in 2021 estimated in export price. Over the period under review, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of 31%. As a result, production attained the peak level of $X. From 2016 to 2021, production growth remained at a lower figure.

Passenger Car Tyre Exports

Exports from South Africa

In 2021, shipments abroad of tyres for motor cars decreased by -4.3% to X units, falling for the second consecutive year after four years of growth. In general, exports showed a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of 29%. The exports peaked at X units in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, passenger car tyre exports soared to $X in 2021. The total export value increased at an average annual rate of +1.9% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Japan (X units), Belgium (X units) and the Netherlands (X units) were the main destinations of passenger car tyre exports from South Africa, together comprising 28% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Japan (with a CAGR of +77.9%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for passenger car tyre exported from South Africa were the United States ($X), the Netherlands ($X) and Belgium ($X), with a combined 27% share of total exports. These countries were followed by the UK, Namibia, Japan, Germany, Botswana, Zimbabwe, Zambia, Lesotho, Swaziland and Tanzania, which together accounted for a further 47%.

Among the main countries of destination, Japan, with a CAGR of +72.9%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average passenger car tyre export price stood at $X per unit in 2021, surging by 25% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.5%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of destination: the country with the highest price was the United States ($X per unit), while the average price for exports to Japan ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+5.2%), while the prices for the other major destinations experienced more modest paces of growth.

Passenger Car Tyre Imports

Imports into South Africa

In 2021, supplies from abroad of tyres for motor cars was finally on the rise to reach X units after two years of decline. In general, total imports indicated a strong expansion from 2012 to 2021: its volume increased at an average annual rate of +5.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, passenger car tyre imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +2.6% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X units) constituted the largest supplier of passenger car tyre to South Africa, accounting for a 58% share of total imports. Moreover, passenger car tyre imports from China exceeded the figures recorded by the second-largest supplier, Thailand (X units), sixfold. Germany (X units) ranked third in terms of total imports with a 5.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +24.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+44.4% per year) and Germany (+16.1% per year).

In value terms, China ($X) constituted the largest supplier of tyres for motor cars to South Africa, comprising 35% of total imports. The second position in the ranking was taken by Germany ($X), with an 11% share of total imports. It was followed by Thailand, with a 9.1% share.

From 2012 to 2021, the average annual growth rate of value from China totaled +6.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+0.6% per year) and Thailand (+23.6% per year).

Import Prices by Country

The average passenger car tyre import price stood at $X per unit in 2021, rising by 16% against the previous year. Over the period under review, the import price, however, showed a perceptible downturn. The growth pace was the most rapid in 2013 when the average import price increased by 17%. As a result, import price reached the peak level of $X per unit. From 2014 to 2021, the average import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was the Czech Republic ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Romania (+16.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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