Africa: Retreaded Pneumatic Tyre Market 2024

Retreaded Pneumatic Tyre Market Size in Africa

The African retreaded pneumatic tyre market reached $X in 2022, leveling off at the previous year. In general, consumption, however, continues to indicate a pronounced shrinkage. The pace of growth was the most pronounced in 2018 when the market value increased by X% against the previous year. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Retreaded Pneumatic Tyre Production in Africa

In value terms, retreaded pneumatic tyre production reached $X in 2022 estimated in export price. In general, production, however, saw a perceptible shrinkage. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Retreaded Pneumatic Tyre Exports

Exports in Africa

For the third consecutive year, Africa recorded growth in shipments abroad of retreaded pneumatic tyres, which increased by X% to X units in 2022. Overall, exports, however, continue to indicate a deep reduction. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. As a result, the exports reached the peak of X units. From 2015 to 2022, the growth of the exports failed to regain momentum.

In value terms, retreaded pneumatic tyre exports totaled $X in 2022. Over the period under review, exports, however, recorded a perceptible reduction. The pace of growth was the most pronounced in 2017 with an increase of X%. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

South Africa dominates exports structure, recording X units, which was near X% of total exports in 2022. It was distantly followed by Tunisia (X units), mixing up an X% share of total exports. The following exporters - Angola (X units) and Rwanda (X units) - together made up X% of total exports.

From 2012 to 2022, average annual rates of growth with regard to retreaded pneumatic tyre exports from South Africa stood at X%. At the same time, Angola (X%) and Rwanda (X%) displayed positive paces of growth. Moreover, Angola emerged as the fastest-growing exporter exported in Africa, with a CAGR of X% from 2012-2022. Tunisia experienced a relatively flat trend pattern. From 2012 to 2022, the share of Tunisia, Angola and Rwanda increased by X, X and X percentage points, respectively.

In value terms, South Africa ($X) remains the largest retreaded pneumatic tyre supplier in Africa, comprising X% of total exports. The second position in the ranking was held by Tunisia ($X), with a X% share of total exports. It was followed by Rwanda, with a X% share.

From 2012 to 2022, the average annual growth rate of value in South Africa totaled X%. The remaining exporting countries recorded the following average annual rates of exports growth: Tunisia (X% per year) and Rwanda (X% per year).

Export Prices by Country

In 2022, the export price in Africa amounted to $X per unit, which is down by X% against the previous year. Overall, the export price, however, saw a modest increase. The most prominent rate of growth was recorded in 2019 when the export price increased by X%. As a result, the export price reached the peak level of $X per unit. From 2020 to 2022, the export prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Tunisia ($X per unit), while South Africa ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Tunisia (X%), while the other leaders experienced a decline in the export price figures.

Retreaded Pneumatic Tyre Imports

Imports in Africa

In 2022, imports of retreaded pneumatic tyres in Africa shrank to X units, falling by X% against the year before. Over the period under review, imports continue to indicate a perceptible reduction. The pace of growth was the most pronounced in 2017 when imports increased by X% against the previous year. The volume of import peaked at X units in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, retreaded pneumatic tyre imports rose rapidly to $X in 2022. Overall, imports recorded a perceptible setback. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Cote d'Ivoire (X units), followed by Senegal (X units), Ghana (X units), Togo (X units), Mauritania (X units) and Mozambique (X units) represented the major importers of retreaded pneumatic tyres, together constituting X% of total imports. Gambia (X units), Guinea (X units), Equatorial Guinea (X units), Libya (X units), Tunisia (X units), Mali (X units) and Ethiopia (X units) held a relatively small share of total imports.

From 2012 to 2022, the biggest increases were recorded for Mozambique (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Senegal ($X), Ethiopia ($X) and Ghana ($X) were the countries with the highest levels of imports in 2022, with a combined X% share of total imports. Togo, Cote d'Ivoire, Mauritania, Mozambique, Guinea, Libya, Gambia, Mali, Equatorial Guinea and Tunisia lagged somewhat behind, together accounting for a further X%.

Mauritania, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Africa stood at $X per unit in 2022, growing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2014 when the import price increased by X% against the previous year. As a result, import price reached the peak level of $X per unit. From 2015 to 2022, the import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Ethiopia ($X per unit), while Tunisia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ghana (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform