Kenya: Passenger Car Tyre Market 2024

Passenger Car Tyre Market Size in Kenya

The Kenyan passenger car tyre market fell rapidly to $X in 2022, with a decrease of X% against the previous year. Overall, consumption continues to indicate a relatively flat trend pattern. As a result, consumption attained the peak level of $X, and then reduced remarkably in the following year.

Passenger Car Tyre Production in Kenya

In value terms, passenger car tyre production contracted slightly to $X in 2022 estimated in export price. Over the period under review, production saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2022, production growth failed to regain momentum.

Passenger Car Tyre Exports

Exports from Kenya

In 2022, overseas shipments of tyres for motor cars increased by X% to X units, rising for the second consecutive year after five years of decline. Overall, exports, however, faced a sharp curtailment. The most prominent rate of growth was recorded in 2013 when exports increased by X%. As a result, the exports reached the peak of X units. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, passenger car tyre exports surged to $X in 2022. Over the period under review, exports, however, recorded a dramatic contraction. The growth pace was the most rapid in 2013 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Tanzania (X units), South Sudan (X units) and Democratic Republic of the Congo (X units) were the main destinations of passenger car tyre exports from Kenya, together accounting for X% of total exports.

From 2012 to 2022, the biggest increases were recorded for Democratic Republic of the Congo (with a CAGR of X%), while shipments for the other leaders experienced a decline.

In value terms, Tanzania ($X) emerged as the key foreign market for tyres for motor cars exports from Kenya, comprising X% of total exports. The second position in the ranking was taken by South Sudan ($X), with an 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 stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Sudan (X% per year) and Rwanda (X% per year).

Export Prices by Country

In 2022, the average passenger car tyre export price amounted to $X per unit, surging by X% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of X% against the previous year. The export price peaked at $X per unit in 2013; however, from 2014 to 2022, the export prices stood at a somewhat 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 Tanzania ($X per unit), while the average price for exports to South Sudan ($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 Somalia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Passenger Car Tyre Imports

Imports into Kenya

In 2022, imports of tyres for motor cars into Kenya fell rapidly to X units, with a decrease of X% on the previous year's figure. In general, imports, however, showed a moderate increase. The pace of growth was the most pronounced in 2016 with an increase of X%. Imports peaked at X units in 2021, and then declined dramatically in the following year.

In value terms, passenger car tyre imports contracted notably to $X in 2022. Overall, imports continue to indicate a perceptible downturn. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. As a result, imports attained the peak of $X, and then reduced markedly in the following year.

Imports by Country

In 2022, China (X units) constituted the largest supplier of passenger car tyre to Kenya, with a X% share of total imports. Moreover, passenger car tyre imports from China exceeded the figures recorded by the second-largest supplier, Thailand (X units), more than tenfold. 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 ($X) constituted the largest supplier of tyres for motor cars to Kenya, comprising X% of total imports. The second position in the ranking was held by Thailand ($X), with a X% share of total imports. It was followed by South Africa, with a X% share.

From 2012 to 2022, the average annual growth rate 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 South Africa (X% per year).

Import Prices by Country

The average passenger car tyre import price stood at $X per unit in 2022, falling by X% against the previous year. Over the period under review, the import price showed a abrupt slump. The growth pace was the most rapid in 2015 when the average import price increased by X% against the previous year. Over the period under review, average import prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Thailand ($X per unit), while the price for the United Arab Emirates ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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