Uganda: Tyre Market 2024

Tyre Market Size in Uganda

In 2022, the Ugandan tyre market increased by X% to $X for the first time since 2019, thus ending a two-year declining trend. In general, the total consumption indicated a tangible increase 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 2019 indices. Over the period under review, the market reached the maximum level at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Tyre Production in Uganda

In value terms, tyre production rose notably to $X in 2022 estimated in export price. In general, production, however, saw strong growth. The most prominent rate of growth was recorded in 2018 with an increase of X%. Tyre production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Tyre Exports

Exports from Uganda

After seven years of growth, shipments abroad of tyres decreased by X% to X units in 2022. In general, exports, however, continue to indicate a buoyant increase. The pace of growth was the most pronounced in 2016 with an increase of X%. Over the period under review, the exports attained the maximum at X units in 2021, and then reduced markedly in the following year.

In value terms, tyre exports fell slightly to $X in 2022. Over the period under review, exports, however, posted a resilient expansion. The growth pace was the most rapid in 2016 when exports increased by X%. The exports peaked at $X in 2021, and then reduced slightly in the following year.

Exports by Country

Kenya (X units) was the main destination for tyre exports from Uganda, accounting for a X% share of total exports. Moreover, tyre exports to Kenya exceeded the volume sent to the second major destination, Tanzania (X units), threefold. Democratic Republic of the Congo (X units) ranked third in terms of total exports with a X% share.

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

In value terms, Tanzania ($X) remains the key foreign market for tyres exports from Uganda, comprising X% of total exports. The second position in the ranking was held by Kenya ($X), with a X% share of total exports. It was followed by Democratic Republic of the Congo, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Tanzania totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kenya (X% per year) and Democratic Republic of the Congo (X% per year).

Export Prices by Country

In 2022, the average tyre export price amounted to $X per unit, increasing by X% against the previous year. Overall, the export price, however, saw a noticeable shrinkage. The growth pace was the most rapid in 2013 when the average export price increased by X%. Over the period under review, the average export prices reached the peak figure at $X per unit in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Tanzania ($X per unit), while the average price for exports to Kenya ($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 Burundi (X%), while the prices for the other major destinations experienced a decline.

Tyre Imports

Imports into Uganda

For the third year in a row, Uganda recorded decline in overseas purchases of tyres, which decreased by X% to X units in 2022. In general, imports recorded a abrupt slump. The most prominent rate of growth was recorded 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, tyre imports expanded significantly to $X in 2022. Overall, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, imports attained the maximum at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

The United Arab Emirates (X units), India (X units) and Sri Lanka (X units) were the main suppliers of tyre imports to Uganda, together accounting for X% of total imports.

From 2012 to 2022, the biggest increases were recorded for Sri Lanka (with a CAGR of X%), while purchases for the other leaders experienced mixed trend patterns.

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

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

Import Prices by Country

The average tyre import price stood at $X per unit in 2022, picking up by X% against the previous year. Overall, the import price continues to indicate a strong expansion. The pace of growth appeared the most rapid in 2018 an increase of X% against the previous year. Over the period under review, average import prices reached the maximum in 2022 and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($X per unit), while the price for Sri Lanka ($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 mixed trend patterns.

Source: IndexBox Platform