SADC: Market for Tyres For Buses Or Lorries 2024

Market Size for Tyres For Buses Or Lorries in SADC

The SADC truck and bus tyre market declined slightly to $X in 2022, shrinking by X% against the previous year. In general, consumption, however, continues to indicate a relatively flat trend pattern. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Production of Tyres For Buses Or Lorries in SADC

In value terms, truck and bus tyre production reduced modestly to $X in 2022 estimated in export price. Over the period under review, production showed a moderate increase. The pace of growth was the most pronounced in 2015 with an increase of X,162,500%. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Exports of Tyres For Buses Or Lorries

Exports in SADC

In 2022, overseas shipments of tyres for buses or lorries increased by X% to X units, rising for the third year in a row after three years of decline. Over the period under review, exports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 with an increase of X%. The volume of export peaked at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, truck and bus tyre exports soared to $X in 2022. In general, exports, however, showed a perceptible downturn. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

South Africa (X units) represented roughly X% of total exports in 2022.

South Africa experienced a relatively flat trend pattern with regard to volume of exports of tyres for buses or lorries. 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) also remains the largest truck and bus tyre supplier in SADC.

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

Export Prices by Country

In 2022, the export price in SADC amounted to $X per unit, picking up by X% against the previous year. Overall, the export price, however, recorded a noticeable contraction. The most prominent rate of growth was recorded in 2013 an increase of X%. As a result, the export price reached the peak level of $X per unit. From 2014 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for South Africa.

From 2012 to 2022, the rate of growth in terms of prices for South Africa amounted to X% per year.

Imports of Tyres For Buses Or Lorries

Imports in SADC

In 2022, after two years of growth, there was significant decline in overseas purchases of tyres for buses or lorries, when their volume decreased by X% to X units. Over the period under review, imports continue to indicate a slight curtailment. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. As a result, imports reached the peak of X units, and then dropped remarkably in the following year.

In value terms, truck and bus tyre imports dropped to $X in 2022. In general, imports saw a slight decline. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

South Africa was the key importing country with an import of around X units, which reached X% of total imports. Tanzania (X units) took the second position in the ranking, distantly followed by Angola (X units). All these countries together took near X% share of total imports. The following importers - Mozambique (X units), Zimbabwe (X units), Madagascar (X units), Zambia (X units), Democratic Republic of the Congo (X units), Namibia (X units) and Botswana (X units) - together made up X% of total imports.

South Africa experienced a relatively flat trend pattern with regard to volume of imports of tyres for buses or lorries. At the same time, Madagascar (X%), Namibia (X%), Botswana (X%) and Zimbabwe (X%) displayed positive paces of growth. Moreover, Madagascar emerged as the fastest-growing importer imported in SADC, with a CAGR of X% from 2012-2022. Democratic Republic of the Congo and Zambia experienced a relatively flat trend pattern. By contrast, Tanzania (X%), Angola (X%) and Mozambique (X%) illustrated a downward trend over the same period. While the share of Democratic Republic of the Congo (X p.p.) and Madagascar (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Mozambique (X p.p.), Angola (X p.p.) and Tanzania (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest truck and bus tyre importing markets in SADC were South Africa ($X), Tanzania ($X) and Angola ($X), with a combined X% share of total imports. Zimbabwe, Democratic Republic of the Congo, Zambia, Mozambique, Namibia, Madagascar and Botswana lagged somewhat behind, together accounting for a further X%.

Among the main importing countries, Namibia, with a CAGR of X%, recorded the highest rates of growth with regard to 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

The import price in SADC stood at $X per unit in 2022, growing by X% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the import price increased by 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 remained at a somewhat lower figure.

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 Angola ($X per unit), while South Africa ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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