Tanzania: Market for Tyres For Buses Or Lorries 2024

Market Size for Tyres For Buses Or Lorries in Tanzania

In 2022, after six years of growth, there was decline in the Tanzanian truck and bus tyre market, when its value decreased by -3.4% to $X. Overall, consumption recorded a perceptible slump. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Exports of Tyres For Buses Or Lorries

Exports from Tanzania

In 2022, shipments abroad of tyres for buses or lorries was finally on the rise to reach X units after two years of decline. Overall, exports enjoyed a resilient expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, truck and bus tyre exports surged to $X in 2022. In general, exports recorded strong growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Democratic Republic of the Congo (X units) was the main destination for truck and bus tyre exports from Tanzania, with a 66% share of total exports. Moreover, truck and bus tyre exports to Democratic Republic of the Congo exceeded the volume sent to the second major destination, Kenya (X units), threefold.

From 2012 to 2022, the average annual growth rate of volume to Democratic Republic of the Congo stood at +41.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kenya (-6.2% per year) and Zambia (-14.1% per year).

In value terms, Democratic Republic of the Congo ($X) emerged as the key foreign market for tyres for buses or lorries exports from Tanzania, comprising 66% of total exports. The second position in the ranking was taken by Kenya ($X), with a 23% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Democratic Republic of the Congo stood at +41.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kenya (+3.5% per year) and Zambia (-13.8% per year).

Export Prices by Country

The average truck and bus tyre export price stood at $X per unit in 2022, increasing by 7.8% against the previous year. Overall, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when the average export price increased by 38%. The export price peaked in 2022 and is expected to retain growth in the immediate term.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Zambia ($X per unit), while the average price for exports to Kenya ($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 Kenya (+10.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Tyres For Buses Or Lorries

Imports into Tanzania

In 2022, after three years of growth, there was significant decline in overseas purchases of tyres for buses or lorries, when their volume decreased by -8.8% to X units. Overall, imports saw a noticeable slump. The growth pace was the most rapid in 2016 with an increase of 32% against the previous year. Imports peaked at X units in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, truck and bus tyre imports declined modestly to $X in 2022. Over the period under review, imports showed a pronounced setback. The most prominent rate of growth was recorded in 2021 with an increase of 29% 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

In 2022, China (X units) constituted the largest truck and bus tyre supplier to Tanzania, accounting for a 88% share of total imports. Moreover, truck and bus tyre imports from China exceeded the figures recorded by the second-largest supplier, India (X units), more than tenfold. Turkey (X units) ranked third in terms of total imports with a 2.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +2.4%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+1.1% per year) and Turkey (+16.3% per year).

In value terms, China ($X) constituted the largest supplier of tyres for buses or lorries to Tanzania, comprising 88% of total imports. The second position in the ranking was taken by India ($X), with a 3.3% share of total imports. It was followed by Turkey, with a 2.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled +3.4%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+2.1% per year) and Turkey (+17.5% per year).

Import Prices by Country

The average truck and bus tyre import price stood at $X per unit in 2022, picking up by 8.1% against the previous year. Over the last decade, it increased at an average annual rate of +1.4%. The pace of growth appeared the most rapid in 2018 an increase of 27%. Over the period under review, average import prices reached the peak figure at $X per unit in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from South Africa ($X per unit) and Turkey ($X per unit), while the price for the Netherlands ($X per unit) and the United Arab Emirates ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+2.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform