SADC: Tyre Market 2024

Tyre Market Size in SADC

In 2022, the SADC tyre market increased by X% to $X, rising for the second year in a row after two years of decline. Over the period under review, consumption saw a mild reduction. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Tyre Production in SADC

In value terms, tyre production amounted to $X in 2022 estimated in export price. The total production indicated a mild expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2020 indices. The pace of growth appeared the most rapid in 2015 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2020; afterwards, it flattened through to 2022.

Tyre Exports

Exports in SADC

In 2022, approx. X units of tyres were exported in SADC; with an increase of X% on 2021 figures. In general, exports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when exports increased by X%. Over the period under review, the exports hit record highs at X units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, tyre exports surged to $X in 2022. Overall, exports, however, showed a mild setback. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

South Africa dominates exports structure, finishing at X units, which was near X% of total exports in 2022. It was distantly followed by Namibia (X units), committing a X% share of total exports.

South Africa experienced a relatively flat trend pattern with regard to volume of exports of tyres. At the same time, Namibia (X%) displayed positive paces of growth. Moreover, Namibia emerged as the fastest-growing exporter exported in SADC, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of Namibia increased by X percentage points.

In value terms, South Africa ($X) remains the largest tyre supplier in SADC, comprising X% of total exports. The second position in the ranking was held by Namibia ($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 stood at X%.

Export Prices by Country

In 2022, the export price in SADC amounted to $X per unit, growing by X% against the previous year. In general, the export price, however, recorded a mild setback. The most prominent rate of growth was recorded in 2013 when the export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2014 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Namibia ($X per unit), while South Africa totaled $X per unit.

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

Tyre Imports

Imports in SADC

In 2022, tyre imports in SADC fell rapidly to X units, which is down by X% compared with 2021. In general, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of X%. As a result, imports attained the peak of X units, and then dropped notably in the following year.

In value terms, tyre imports stood at $X in 2022. Overall, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by X%. The level of import peaked at $X in 2012; afterwards, it flattened through to 2022.

Imports by Country

In 2022, South Africa (X units) was the major importer of tyres, generating X% of total imports. Tanzania (X units) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Zambia (X%), Mozambique (X%) and Angola (X%). Madagascar (X units) and Botswana (X units) held a relatively small share of total imports.

From 2012 to 2022, average annual rates of growth with regard to tyre imports into South Africa stood at X%. At the same time, Zambia (X%), Madagascar (X%) and Botswana (X%) displayed positive paces of growth. Moreover, Zambia emerged as the fastest-growing importer imported in SADC, with a CAGR of X% from 2012-2022. Mozambique experienced a relatively flat trend pattern. By contrast, Angola (X%) and Tanzania (X%) illustrated a downward trend over the same period. Zambia (X p.p.), South Africa (X p.p.) and Madagascar (X p.p.) significantly strengthened its position in terms of the total imports, while Angola and Tanzania saw its share reduced by X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) constitutes the largest market for imported tyres in SADC, comprising X% of total imports. The second position in the ranking was taken by Tanzania ($X), with a X% share of total imports. It was followed by Zambia, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in South Africa was relatively modest. In the other countries, the average annual rates were as follows: Tanzania (X% per year) and Zambia (X% per year).

Import Prices by Country

In 2022, the import price in SADC amounted to $X per unit, surging by X% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The level of import peaked at $X per unit in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Angola ($X per unit), while Zambia ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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