Africa: Passenger Car Tyre Market 2024

Passenger Car Tyre Market Size in Africa

The African passenger car tyre market dropped to $X in 2022, waning by X% against the previous year. In general, consumption, however, showed a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Passenger Car Tyre Production in Africa

In value terms, passenger car tyre production shrank slightly to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the production volume increased by X%. The level of production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

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Passenger Car Tyre Exports

Exports in Africa

In 2022, shipments abroad of tyres for motor cars was finally on the rise to reach X units for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, recorded a mild reduction. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. The volume of export peaked at X units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, passenger car tyre exports rose notably to $X in 2022. The total export value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. The level of export peaked in 2022 and is likely to see gradual growth in years to come.

Exports by Country

South Africa dominates exports structure, resulting at X units, which was near X% of total exports in 2022. Tunisia (X units) followed a long way behind the leaders.

South Africa experienced a relatively flat trend pattern with regard to volume of exports of tyres for motor cars. Tunisia (X%) illustrated a downward trend over the same period. While the share of South Africa (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2012 to 2022, the average annual rate of growth in terms of value in South Africa totaled X%.

Export Prices by Country

The export price in Africa stood at $X per unit in 2022, approximately reflecting the previous year. Over the last decade, it increased at an average annual rate of X%. The growth pace was the most rapid in 2013 when the export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2014 to 2022, the export prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was South Africa ($X per unit), while Tunisia amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (X%).

Passenger Car Tyre Imports

Imports in Africa

Passenger car tyre imports shrank to X units in 2022, reducing by X% against the year before. The total import volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when imports increased by X%. As a result, imports reached the peak of X units, and then contracted in the following year.

In value terms, passenger car tyre imports contracted to $X in 2022. Overall, imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by X%. Over the period under review, imports reached the maximum at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

South Africa (X units) and Morocco (X units) represented the key importers of tyres for motor cars in 2022, reaching approx. X% and X% of total imports, respectively. It was distantly followed by Algeria (X units), Egypt (X units), Kenya (X units) and Libya (X units), together generating a X% share of total imports. Sudan (X units), Ethiopia (X units), Tanzania (X units), Angola (X units), Tunisia (X units), Botswana (X units) and Mauritius (X units) took a relatively small share of total imports.

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

In value terms, the largest passenger car tyre importing markets in Africa were Morocco ($X), South Africa ($X) and Egypt ($X), with a combined X% share of total imports. Algeria, Libya, Ethiopia, Kenya, Tanzania, Angola, Sudan, Mauritius, Tunisia and Botswana lagged somewhat behind, together accounting for a further X%.

Sudan, 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, picking up by X% against the previous year. Over the period under review, the import price, however, recorded a slight decrease. The level of import peaked at $X per unit in 2013; however, from 2014 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 Ethiopia ($X per unit), while Kenya ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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