Tanzania: 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 Tanzania

For the third year in a row, the Tanzanian market for tyres for agriculture, forestry, construction, industry and other off the road vehicles recorded growth in sales value, which increased by 41% to $X in 2022. Over the period under review, consumption saw a moderate increase. Consumption of peaked in 2022 and is expected to retain growth in the immediate term.

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

Exports from Tanzania

Exports of tyres for agriculture, forestry, construction, industry and other off the road vehicles from Tanzania soared to X units in 2022, with an increase of 143% against the year before. In general, exports, however, saw a abrupt decline. The most prominent rate of growth was recorded in 2020 when exports increased by 298% against the previous year. Over the period under review, the exports of tyres for agriculture, forestry, construction, industry and other off road vehicles attained the maximum at X units in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, exports of tyres for agriculture, forestry, construction, industry and other off the road vehicles surged to $X in 2022. Over the period under review, exports, however, faced a abrupt setback. The most prominent rate of growth was recorded in 2014 when exports increased by 163%. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports of failed to regain momentum.

Exports by Country

Democratic Republic of the Congo (X units) was the main destination for exports of tyres for agriculture, forestry, construction, industry and other off the road vehicles from Tanzania, with a 71% share of total exports. Moreover, exports of tyres for agriculture, forestry, construction, industry and other off the road vehicles to Democratic Republic of the Congo exceeded the volume sent to the second major destination, Malawi (X units), sixfold. Gabon (X units) ranked third in terms of total exports with an 11% share.

From 2012 to 2022, the average annual growth rate of volume to Democratic Republic of the Congo totaled +38.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malawi (+14.1% per year) and Gabon (0.0% per year).

In value terms, the largest markets for agricultural, construction and industrial machinery tyre exported from Tanzania were Democratic Republic of the Congo ($X), Egypt ($X) and Malawi ($X), with a combined 94% share of total exports. Gabon, Comoros and Zambia lagged somewhat behind, together comprising a further 6.2%.

Comoros, with a CAGR of +43.1%, saw the highest rates of growth with regard to the value of exports, among 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

In 2022, the average export price for tyres for agriculture, forestry, construction, industry and other off the road vehicles amounted to $X per unit, falling by -15.3% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of 219% against the previous year. The export price peaked at $X per unit in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Egypt ($X per unit), while the average price for exports to Malawi ($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 Egypt (+45.2%), while the prices for the other major destinations experienced more modest paces of growth.

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

Imports into Tanzania

In 2022, approx. X units of tyres for agriculture, forestry, construction, industry and other off the road vehicles were imported into Tanzania; growing by 53% against the previous year. Overall, imports showed a remarkable increase. The pace of growth appeared the most rapid in 2018 with an increase of 71% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

In value terms, imports of tyres for agriculture, forestry, construction, industry and other off the road vehicles expanded markedly to $X in 2022. Over the period under review, imports, however, saw a deep reduction. The pace of growth was the most pronounced in 2017 when imports increased by 81% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X units) constituted the largest agricultural, construction and industrial machinery tyre supplier to Tanzania, with a 64% share of total imports. Moreover, imports of tyres for agriculture, forestry, construction, industry and other off the road vehicles from China exceeded the figures recorded by the second-largest supplier, India (X units), threefold. Japan (X units) ranked third in terms of total imports with a 5.2% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at +37.7%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+19.1% per year) and Japan (-5.6% per year).

In value terms, the largest agricultural, construction and industrial machinery tyre suppliers to Tanzania were India ($X), Japan ($X) and China ($X), together comprising 75% of total imports. Turkey, Spain, the United Arab Emirates, the Netherlands and the United States lagged somewhat behind, together accounting for a further 6.4%.

In terms of the main suppliers, Turkey, with a CAGR of +42.1%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average import price for tyres for agriculture, forestry, construction, industry and other off the road vehicles amounted to $X per unit, declining by -31.5% against the previous year. Overall, the import price continues to indicate a abrupt curtailment. The growth pace was the most rapid in 2016 an increase of 33% against the previous year. Over the period under review, average import prices attained the peak figure at $X per unit in 2017; however, from 2018 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 ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+2.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform