Tanzania: Retreaded Pneumatic Tyre Market 2024

Retreaded Pneumatic Tyre Market Size in Tanzania

The Tanzanian retreaded pneumatic tyre market declined dramatically to $X in 2022, falling by -47.8% 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). In general, consumption, however, continues to indicate a buoyant increase. Over the period under review, the market attained the peak level at $X in 2021, and then dropped significantly in the following year.

Retreaded Pneumatic Tyre Exports

Exports from Tanzania

Retreaded pneumatic tyre exports from Tanzania surged to X units in 2022, increasing by 1,815% compared with the year before. Overall, exports recorded significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, retreaded pneumatic tyre exports skyrocketed to $X in 2022. Over the period under review, exports showed a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The Netherlands (X units) was the main destination for retreaded pneumatic tyre exports from Tanzania, with a 77% share of total exports. Moreover, retreaded pneumatic tyre exports to the Netherlands exceeded the volume sent to the second major destination, Democratic Republic of the Congo (X units), sevenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to the Netherlands was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Democratic Republic of the Congo (+43.6% per year) and Comoros (+41.0% per year).

In value terms, the Netherlands ($X) emerged as the key foreign market for retreaded pneumatic tyres exports from Tanzania, comprising 83% of total exports. The second position in the ranking was held by Democratic Republic of the Congo ($X), with a 15% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to the Netherlands was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Democratic Republic of the Congo (+33.1% per year) and Comoros (+20.2% per year).

Export Prices by Country

The average retreaded pneumatic tyre export price stood at $X per unit in 2022, growing by 13% against the previous year. Overall, the export price recorded a resilient expansion. The pace of growth was the most pronounced in 2020 an increase of 1,092%. The export price peaked at $X per unit in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Democratic Republic of the Congo ($X per unit), while the average price for exports to Comoros ($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 Malawi (+20.0%), while the prices for the other major destinations experienced mixed trend patterns.

Retreaded Pneumatic Tyre Imports

Imports into Tanzania

In 2022, imports of retreaded pneumatic tyres into Tanzania surged to X units, picking up by 15% compared with the year before. In general, imports continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2013 when imports increased by 283% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, retreaded pneumatic tyre imports dropped to $X in 2022. Overall, imports showed a prominent expansion. The most prominent rate of growth was recorded in 2019 with an increase of 279% against the previous year. Imports peaked at $X in 2021, and then dropped in the following year.

Imports by Country

In 2022, China (X units) constituted the largest retreaded pneumatic tyre supplier to Tanzania, with a 72% share of total imports. Moreover, retreaded pneumatic tyre imports from China exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X units), threefold.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +60.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+23.7% per year) and Belgium (-22.0% per year).

In value terms, China ($X) constituted the largest supplier of retreaded pneumatic tyres to Tanzania, comprising 75% of total imports. The second position in the ranking was held by the United Arab Emirates ($X), with a 17% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at +61.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+21.3% per year) and Belgium (-16.5% per year).

Import Prices by Country

The average retreaded pneumatic tyre import price stood at $X per unit in 2022, reducing by -22.4% against the previous year. In general, the import price showed a slight downturn. The growth pace was the most rapid in 2019 when the average import price increased by 114%. As a result, import price attained the peak level of $X per unit. From 2020 to 2022, the average import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+7.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform