Kenya: Market for Tyres For Buses Or Lorries 2024

Market Size for Tyres For Buses Or Lorries in Kenya

In 2022, the Kenyan truck and bus tyre market decreased by X% to $X, falling for the second consecutive year after three years of growth. In general, consumption showed a noticeable reduction. Truck and bus tyre consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Exports of Tyres For Buses Or Lorries

Exports from Kenya

In 2022, overseas shipments of tyres for buses or lorries increased by X% to X units for the first time since 2018, thus ending a three-year declining trend. In general, exports continue to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2018 when exports increased by X%. As a result, the exports attained the peak of X units. From 2019 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 saw modest growth. The pace of growth appeared the most rapid in 2018 when exports increased by X%. Over the period under review, the exports reached the maximum at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Tanzania (X units) was the main destination for truck and bus tyre exports from Kenya, with a X% share of total exports. Moreover, truck and bus tyre exports to Tanzania exceeded the volume sent to the second major destination, Rwanda (X units), fourfold. The third position in this ranking was taken by Burundi (X units), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Tanzania totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Rwanda (X% per year) and Burundi (X% per year).

In value terms, Tanzania ($X) emerged as the key foreign market for tyres for buses or lorries exports from Kenya, comprising X% of total exports. The second position in the ranking was held by Burundi ($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 to Tanzania totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Burundi (X% per year) and Rwanda (X% per year).

Export Prices by Country

In 2022, the average truck and bus tyre export price amounted to $X per unit, with a decrease of X% against the previous year. Overall, the export price continues to indicate a perceptible decrease. The growth pace was the most rapid in 2020 an increase of X% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Burundi ($X per unit), while the average price for exports to South Sudan ($X 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 Burundi (X%), while the prices for the other major destinations experienced a decline.

Imports of Tyres For Buses Or Lorries

Imports into Kenya

In 2022, the amount of tyres for buses or lorries imported into Kenya fell dramatically to X units, waning by X% compared with the previous year. In general, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when imports increased by X%. As a result, imports reached the peak of X units. From 2017 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, truck and bus tyre imports contracted significantly to $X in 2022. Overall, imports continue to indicate a abrupt setback. The growth pace was the most rapid in 2020 when imports increased by X%. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X units) constituted the largest supplier of truck and bus tyre to Kenya, with a X% share of total imports. Moreover, truck and bus tyre imports from China exceeded the figures recorded by the second-largest supplier, Thailand (X units), ninefold. The third position in this ranking was held by India (X units), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (X% per year) and India (X% per year).

In value terms, China ($X) constituted the largest supplier of tyres for buses or lorries to Kenya, comprising X% of total imports. The second position in the ranking was taken by Thailand ($X), with an X% share of total imports. It was followed by Japan, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (X% per year) and Japan (X% per year).

Import Prices by Country

The average truck and bus tyre import price stood at $X per unit in 2022, approximately mirroring the previous year. Overall, the import price recorded a drastic downturn. The pace of growth appeared the most rapid in 2020 an increase of X%. Over the period under review, average import prices reached the maximum at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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