Africa: Market for Tyres For Buses Or Lorries 2024

Market Size for Tyres For Buses Or Lorries in Africa

The African truck and bus tyre market shrank to $X in 2022, with a decrease of X% against the previous year. Over the period under review, consumption saw a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2020 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Tyres For Buses Or Lorries in Africa

In value terms, truck and bus tyre production fell modestly to $X in 2022 estimated in export price. The total production indicated a noticeable expansion 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, production increased by X% against 2020 indices. The growth pace was the most rapid in 2015 when the production volume increased by X% against the previous year. Over the period under review, production reached the maximum level at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Exports of Tyres For Buses Or Lorries

Exports in Africa

In 2022, approx. X units of tyres for buses or lorries were exported in Africa; picking up by X% on the previous year's figure. In general, exports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 with an increase of X%. 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, truck and bus tyre exports skyrocketed to $X in 2022. Overall, exports, however, continue to indicate a relatively flat trend pattern. The level of export peaked at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Egypt (X units) and South Africa (X units) dominates exports structure, together comprising X% of total exports. Tunisia (X units) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Egypt (with a CAGR of X%), while the other leaders experienced a decline in the exports figures.

In value terms, Egypt ($X), South Africa ($X) and Tunisia ($X) appeared to be the countries with the highest levels of exports in 2022, together comprising X% of total exports.

Egypt, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

In 2022, the export price in Africa amounted to $X per unit, growing by X% against the previous year. Overall, the export price, however, showed a mild descent. The pace of growth was the most pronounced in 2013 when the export price increased by X%. As a result, the export price attained the peak level of $X per unit. From 2014 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Egypt ($X per unit), while South Africa ($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 mixed trends in the export price figures.

Imports of Tyres For Buses Or Lorries

Imports in Africa

In 2022, imports of tyres for buses or lorries in Africa dropped to X units, which is down by X% compared with 2021 figures. In general, imports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 with an increase of X%. As a result, imports reached the peak of X units. From 2020 to 2022, the growth of imports failed to regain momentum.

In value terms, truck and bus tyre imports dropped to $X in 2022. Over the period under review, imports saw a noticeable decrease. The most prominent rate of growth was recorded in 2018 when imports increased by X%. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, South Africa (X units), followed by Algeria (X units), Egypt (X units), Ghana (X units), Kenya (X units), Sudan (X units) and Tanzania (X units) represented the key importers of tyres for buses or lorries, together creating X% of total imports. The following importers - Libya (X units), Morocco (X units), Nigeria (X units), Ethiopia (X units), Somalia (X units) and Cameroon (X units) - together made up X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Somalia (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Egypt ($X), South Africa ($X) and Algeria ($X) were the countries with the highest levels of imports in 2022, with a combined X% share of total imports. Morocco, Tanzania, Ghana, Nigeria, Ethiopia, Kenya, Sudan, Libya, Cameroon and Somalia lagged somewhat behind, together accounting for a further X%.

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

Import Prices by Country

In 2022, the import price in Africa amounted to $X per unit, surging by X% against the previous year. Over the period under review, the import price, however, recorded a perceptible reduction. The most prominent rate of growth was recorded in 2020 when the import price increased by X%. The level of import peaked 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 destination: amid the top importers, the country with the highest price was Morocco ($X per unit), while South Africa ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Tanzania (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :