Motorcycle Tire Price in South Africa - 2023
Contents:
- Motorcycle Tire Price in South Africa (CIF) - 2023
- Motorcycle Tire Price in South Africa (FOB) - 2022
- Motorcycle Tire Imports in South Africa
- Motorcycle Tire Exports in South Africa
Motorcycle Tire Price in South Africa (CIF) - 2023
In September 2023, the average motorcycle tire import price amounted to $29.4 per unit, with a decrease of -20.2% against the previous month. Overall, import price indicated a moderate increase from September 2022 to September 2023: its price increased at an average monthly rate of +4.4% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on September 2023 figures, motorcycle tire import price increased by +11.0% against July 2023 indices. The most prominent rate of growth was recorded in October 2022 an increase of 71% m-o-m. Over the period under review, average import prices hit record highs at $44.0 per unit in November 2022; however, from December 2022 to September 2023, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was Germany ($105 per unit), while the price for Serbia ($13.6 per unit) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by China (+16.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Motorcycle Tire Price in South Africa (FOB) - 2022
In 2022, the average motorcycle tire export price amounted to $55 per unit, surging by 9.9% against the previous year. Overall, the export price enjoyed a resilient increase. The pace of growth appeared the most rapid in 2016 when the average export price increased by 59%. Over the period under review, the average export prices attained the peak figure in 2022 and is expected to retain growth in the near future.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Democratic Republic of the Congo ($83 per unit), while the average price for exports to Malawi ($14 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 Democratic Republic of the Congo (+12.5%), while the prices for the other major destinations experienced more modest paces of growth.
Motorcycle Tire Imports in South Africa
In 2022, the amount of new pneumatic tyres for motorcycles imported into South Africa dropped modestly to 216K units, falling by -2.5% on the previous year. Over the period under review, total imports indicated a moderate increase from 2019 to 2022: its volume increased at an average annual rate of +4.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +49.0% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 53% against the previous year. As a result, imports attained the peak of 222K units, and then shrank modestly in the following year.
In value terms, motorcycle tire imports reduced to $6.6M in 2022. In general, total imports indicated noticeable growth from 2019 to 2022: its value increased at an average annual rate of +2.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +51.3% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 62%. As a result, imports reached the peak of $7.1M, and then declined in the following year.
| Import of Motorcycle Tire in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Taiwan (Chinese) | 1,224 | 757 | 1,004 | 1,135 | -2.5% |
| China | 581 | 469 | 945 | 972 | 18.7% |
| Germany | 962 | 485 | 871 | 952 | -0.3% |
| Japan | 809 | 765 | 965 | 700 | -4.7% |
| Thailand | 720 | 314 | 435 | 474 | -13.0% |
| Indonesia | 97.2 | 130 | 408 | 463 | 68.3% |
| Czech Republic | 499 | 305 | 573 | 384 | -8.4% |
| Spain | 682 | 413 | 821 | 378 | -17.9% |
| Vietnam | 25.2 | 181 | 216 | 363 | 143.3% |
| United States | 98.7 | 219 | 336 | 268 | 39.5% |
| Brazil | 283 | 238 | 289 | 156 | -18.0% |
| Serbia | 98.0 | 59.4 | 122 | 122 | 7.6% |
| Others | 120 | 50.2 | 123 | 268 | 30.7% |
| Total | 6,197 | 4,386 | 7,108 | 6,636 | 2.3% |
Top Suppliers of Motorcycle Tire to South Africa in 2022:
- China (43.6K units)
- Taiwan (Chinese) (36.5K units)
- Indonesia (25.5K units)
- Vietnam (24.6K units)
- Japan (23.5K units)
- Thailand (14.3K units)
- Germany (10.4K units)
- Czech Republic (7.9K units)
- United States (7.6K units)
- Spain (7.4K units)
- Serbia (7.2K units)
- Brazil (2.7K units)
Motorcycle Tire Exports in South Africa
In 2022, shipments abroad of new pneumatic tyres for motorcycles was finally on the rise to reach 14K units after two years of decline. In general, exports, however, continue to indicate a deep contraction. Over the period under review, the exports reached the maximum at 21K units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
In value terms, motorcycle tire exports soared to $750K in 2022. Over the period under review, total exports indicated a pronounced expansion from 2019 to 2022: its value increased at an average annual rate of +4.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +63.3% against 2020 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Motorcycle Tire in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Democratic Republic of the Congo | 5.5 | 32.5 | 5.4 | 187 | 224.0% |
| Kenya | 96.3 | 91.4 | 116 | 178 | 22.7% |
| Namibia | 97.7 | 102 | 158 | 165 | 19.1% |
| Netherlands | 14.1 | 24.4 | 8.9 | 74.0 | 73.8% |
| Zimbabwe | 30.7 | 33.4 | 23.6 | 53.4 | 20.3% |
| Swaziland | 37.7 | 30.0 | 25.6 | 27.3 | -10.2% |
| Zambia | 31.2 | 17.4 | 41.2 | 26.9 | -4.8% |
| Botswana | 28.5 | 73.3 | 28.2 | 12.3 | -24.4% |
| Mozambique | 30.6 | 17.5 | 19.4 | 8.7 | -34.2% |
| Iran | 232 | N/A | N/A | N/A | 0% |
| Others | 60.1 | 37.5 | 37.2 | 18.1 | -33.0% |
| Total | 665 | 459 | 464 | 750 | 4.1% |
Top Export Markets for Motorcycle Tire from South Africa in 2022:
- Namibia (3.0K units)
- Kenya (2.4K units)
- Democratic Republic of the Congo (2.2K units)
- Netherlands (2.1K units)
- Zimbabwe (1.4K units)
- Swaziland (0.9K units)
- Zambia (0.5K units)
- Botswana (0.4K units)
- Mozambique (0.1K units)
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