Uganda: Market for Tyres For Motorcycles or Bicycles 2024

Market Size for Tyres For Motorcycles or Bicycles in Uganda

The Ugandan motorcycle or bicycle tyre market was estimated at $X in 2022, rising by X% against the previous year. Overall, the total consumption indicated pronounced growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by X% against 2020 indices. Over the period under review, the market reached the maximum level at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Production of Tyres For Motorcycles or Bicycles in Uganda

In value terms, motorcycle or bicycle tyre production rose remarkably to $X in 2022 estimated in export price. In general, production, however, enjoyed strong growth. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. Over the period under review, production attained the maximum level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Exports of Tyres For Motorcycles or Bicycles

Exports from Uganda

In 2022, overseas shipments of tyres for motorcycles or bicycles decreased by X% to X units for the first time since 2014, thus ending a seven-year rising trend. Over the period under review, exports, however, saw a remarkable increase. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. The exports peaked at X units in 2021, and then reduced notably in the following year.

In value terms, motorcycle or bicycle tyre exports declined to $X in 2022. In general, exports, however, saw a significant increase. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at $X in 2021, and then reduced in the following year.

Exports by Country

Tanzania (X units) was the main destination for motorcycle or bicycle tyre exports from Uganda, with a X% share of total exports. It was followed by Rwanda (X units), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Tanzania amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Rwanda (X% per year) and Burundi (X% per year).

In value terms, Tanzania ($X) remains the key foreign market for tyres for motorcycles or bicycles exports from Uganda, comprising X% of total exports. The second position in the ranking was taken by Rwanda ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Tanzania stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Rwanda (X% per year) and Burundi (X% per year).

Export Prices by Country

In 2022, the average motorcycle or bicycle tyre export price amounted to $X per unit, growing by X% against the previous year. In general, the export price continues to indicate a buoyant increase. The most prominent rate of growth was recorded in 2014 when the average export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2015 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Tanzania ($X per unit), while the average price for exports to Burundi ($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 Rwanda (X%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Tyres For Motorcycles or Bicycles

Imports into Uganda

After two years of decline, purchases abroad of tyres for motorcycles or bicycles increased by X% to X units in 2022. Over the period under review, imports, however, recorded a abrupt decline. The growth pace was the most rapid in 2015 with an increase of X%. As a result, imports attained the peak of X units. From 2016 to 2022, the growth of imports remained at a lower figure.

In value terms, motorcycle or bicycle tyre imports totaled $X in 2022. Overall, imports, however, saw a abrupt slump. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, India (X units) constituted the largest supplier of motorcycle or bicycle tyre to Uganda, accounting for a X% share of total imports. Moreover, motorcycle or bicycle tyre imports from India exceeded the figures recorded by the second-largest supplier, Sri Lanka (X units), threefold. The third position in this ranking was held by the United Arab Emirates (X units), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from India stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Sri Lanka (X% per year) and the United Arab Emirates (X% per year).

In value terms, the largest motorcycle or bicycle tyre suppliers to Uganda were India ($X), the United Arab Emirates ($X) and Sri Lanka ($X), with a combined X% share of total imports.

Among the main suppliers, Sri Lanka, with a CAGR of X%, 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 mixed trend patterns.

Import Prices by Country

The average motorcycle or bicycle tyre import price stood at $X per unit in 2022, falling by X% against the previous year. Over the period under review, the import price showed a drastic downturn. The pace of growth was the most pronounced in 2018 when the average import price increased by X%. Over the period under review, average import prices reached the maximum at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a 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 (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform