Africa: Market for Tyres For Motorcycles or Bicycles 2024

Market Size for Tyres For Motorcycles or Bicycles in Africa

In 2022, the African motorcycle or bicycle tyre market increased by X% to $X, rising for the fifth year in a row after three years of decline. In general, consumption, however, continues to indicate a prominent expansion. The level of consumption peaked in 2022 and is expected to retain growth in years to come.

Production of Tyres For Motorcycles or Bicycles in Africa

In value terms, motorcycle or bicycle tyre production rose to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a remarkable increase. The pace of growth appeared the most rapid in 2018 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

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Exports of Tyres For Motorcycles or Bicycles

Exports in Africa

In 2022, exports of tyres for motorcycles or bicycles in Africa shrank to X units, reducing by X% on the year before. In general, exports recorded a dramatic slump. The growth pace was the most rapid in 2019 when exports increased by X%. The volume of export peaked at X units in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, motorcycle or bicycle tyre exports shrank to $X in 2022. Over the period under review, exports continue to indicate a abrupt decline. The pace of growth was the most pronounced in 2016 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Uganda dominates exports structure, finishing at X units, which was approx. X% of total exports in 2022. Ghana (X units) held a X% share (based on physical terms) of total exports, which put it in second place, followed by South Africa (X%). Egypt (X units) and Mauritius (X units) took a minor share of total exports.

From 2012 to 2022, average annual rates of growth with regard to motorcycle or bicycle tyre exports from Uganda stood at X%. At the same time, Egypt (X%) and Ghana (X%) displayed positive paces of growth. Moreover, Egypt emerged as the fastest-growing exporter exported in Africa, with a CAGR of X% from 2012-2022. By contrast, Mauritius (X%) and South Africa (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Uganda, Ghana, South Africa, Egypt and Mauritius increased by X, X, X, X and X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Uganda ($X) remains the largest motorcycle or bicycle tyre supplier in Africa, comprising X% of total exports. The second position in the ranking was held by Ghana ($X), with a X% share of total exports. It was followed by South Africa, with an X% share.

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

Export Prices by Country

The export price in Africa stood at $X per unit in 2022, growing by X% against the previous year. Overall, the export price enjoyed a strong increase. The most prominent rate of growth was recorded in 2016 when the export price increased by X% against the previous year. Over the period under review, the export prices hit record highs in 2022 and is likely to see steady growth in the near future.

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 Egypt ($X per unit), while Mauritius ($X per unit) was amongst the lowest.

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

Imports of Tyres For Motorcycles or Bicycles

Imports in Africa

After three years of growth, overseas purchases of tyres for motorcycles or bicycles decreased by X% to X units in 2022. Over the period under review, imports recorded a perceptible decline. The pace of growth appeared the most rapid in 2019 with an increase of X% against the previous year. The volume of import peaked at X units in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, motorcycle or bicycle tyre imports plummeted to $X in 2022. In general, imports saw a slight setback. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

The countries with the highest levels of motorcycle or bicycle tyre imports in 2022 were Tanzania (X units), Mali (X units), Morocco (X units), Ghana (X units), Kenya (X units), Tunisia (X units), Guinea (X units), South Africa (X units) and Uganda (X units), together finishing at X% of total import. The following importers - Algeria (X units), Sudan (X units), Egypt (X units) and Nigeria (X units) - each accounted for an X% share of total imports.

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

In value terms, the largest motorcycle or bicycle tyre importing markets in Africa were Tanzania ($X), Egypt ($X) and South Africa ($X), with a combined X% share of total imports. Guinea, Morocco, Kenya, Nigeria, Ghana, Algeria, Mali, Tunisia, Sudan and Uganda lagged somewhat behind, together accounting for a further X%.

Guinea, with a CAGR of X%, recorded the highest growth rate of the value of imports, among 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

In 2022, the import price in Africa amounted to $X per unit, surging by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. As a result, import price attained the peak level of $X per unit. From 2019 to 2022, the import prices failed to regain momentum.

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 Egypt ($X per unit), while Mali ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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