Uganda: Market for Tyres For Buses Or Lorries 2024

Market Size for Tyres For Buses Or Lorries in Uganda

The Ugandan truck and bus tyre market contracted modestly to $X in 2022, declining by -1.9% 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). Overall, consumption, however, showed a strong expansion. Over the period under review, the market reached the maximum level at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Exports of Tyres For Buses Or Lorries

Exports from Uganda

In 2022, the amount of tyres for buses or lorries exported from Uganda expanded modestly to X units, increasing by 4.5% compared with the previous year's figure. Over the period under review, exports continue to indicate a significant increase. The pace of growth appeared the most rapid in 2014 when exports increased by 225% against the previous year. Over the period under review, the exports reached the peak figure at X units in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, truck and bus tyre exports contracted to $X in 2022. In general, exports enjoyed strong growth. The pace of growth appeared the most rapid in 2014 with an increase of 239% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2021, and then declined in the following year.

Exports by Country

Burundi (X units) was the main destination for truck and bus tyre exports from Uganda, accounting for a 69% share of total exports. Moreover, truck and bus tyre exports to Burundi exceeded the volume sent to the second major destination, South Sudan (X units), threefold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Burundi amounted to +128.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Sudan (+74.3% per year) and Democratic Republic of the Congo (-0.3% per year).

In value terms, Burundi ($X), South Sudan ($X) and Democratic Republic of the Congo ($X) were the largest markets for truck and bus tyre exported from Uganda worldwide.

Burundi, with a CAGR of +124.9%, recorded the highest growth rate of 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

The average truck and bus tyre export price stood at $X per unit in 2022, dropping by -4.6% against the previous year. Over the period under review, the export price saw a slight setback. The most prominent rate of growth was recorded in 2020 an increase of 44%. Over the period under review, the average export prices reached the maximum at $X per unit in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.

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 South Sudan ($X per unit), while the average price for exports to Burundi ($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 South Sudan (+8.1%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Tyres For Buses Or Lorries

Imports into Uganda

In 2022, the amount of tyres for buses or lorries imported into Uganda contracted to X units, with a decrease of -8.1% compared with the previous year's figure. Over the period under review, imports, however, recorded prominent growth. The most prominent rate of growth was recorded in 2016 when imports increased by 43% against the previous year. Imports peaked at X units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, truck and bus tyre imports reached $X in 2022. Overall, imports, however, enjoyed a resilient expansion. The pace of growth was the most pronounced in 2016 with an increase of 40%. Over the period under review, imports attained the maximum at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X units) constituted the largest truck and bus tyre supplier to Uganda, accounting for a 74% share of total imports. Moreover, truck and bus tyre imports from China exceeded the figures recorded by the second-largest supplier, India (X units), fivefold. The United Arab Emirates (X units) ranked third in terms of total imports with a 2.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +10.7%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+7.9% per year) and the United Arab Emirates (+24.8% per year).

In value terms, China ($X) constituted the largest supplier of tyres for buses or lorries to Uganda, comprising 76% of total imports. The second position in the ranking was held by India ($X), with a 12% share of total imports. It was followed by the United Arab Emirates, with a 3.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to +10.5%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+3.5% per year) and the United Arab Emirates (+21.0% per year).

Import Prices by Country

The average truck and bus tyre import price stood at $X per unit in 2022, picking up by 11% against the previous year. In general, the import price, however, saw a mild decrease. The most prominent rate of growth was recorded in 2020 an increase of 50% against the previous year. Over the period under review, average import prices attained the peak figure at $X per unit in 2012; however, from 2013 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 the United Arab Emirates ($X per unit), while the price for India ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (-0.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform