Tanzania: Market for Tyres For Buses Or Lorries 2024

Market Size for Tyres For Buses Or Lorries in Tanzania

In 2022, the Tanzanian truck and bus tyre market decreased by X% to $X for the first time since 2015, thus ending a six-year rising trend. Overall, consumption continues to indicate a noticeable slump. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Exports of Tyres For Buses Or Lorries

Exports from Tanzania

In 2022, overseas shipments of tyres for buses or lorries increased by X% to X units for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports enjoyed a resilient expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, truck and bus tyre exports surged to $X in 2022. Overall, exports continue to indicate a buoyant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Democratic Republic of the Congo (X units) was the main destination for truck and bus tyre exports from Tanzania, accounting for a X% share of total exports. Moreover, truck and bus tyre exports to Democratic Republic of the Congo exceeded the volume sent to the second major destination, Kenya (X units), threefold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Democratic Republic of the Congo stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kenya (X% per year) and Zambia (X% per year).

In value terms, Democratic Republic of the Congo ($X) emerged as the key foreign market for tyres for buses or lorries exports from Tanzania, comprising X% of total exports. The second position in the ranking was held by Kenya ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Democratic Republic of the Congo amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kenya (X% per year) and Zambia (X% per year).

Export Prices by Country

The average truck and bus tyre export price stood at $X per unit in 2022, rising by X% against the previous year. In general, the export price showed a relatively flat trend pattern. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Zambia ($X per unit), while the average price for exports to Kenya ($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 Kenya (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Tyres For Buses Or Lorries

Imports into Tanzania

In 2022, purchases abroad of tyres for buses or lorries decreased by X% to X units for the first time since 2018, thus ending a three-year rising trend. In general, imports continue to indicate a noticeable curtailment. The growth pace was the most rapid in 2021 with an increase of X%. As a result, imports reached the peak of X units, and then contracted notably in the following year.

In value terms, truck and bus tyre imports reached $X in 2022. Overall, imports continue to indicate a noticeable downturn. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Imports peaked 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 truck and bus tyre supplier to Tanzania, with a X% share of total imports. Moreover, truck and bus tyre imports from China exceeded the figures recorded by the second-largest supplier, India (X units), more than tenfold. The third position in this ranking was taken by Turkey (X units), with a X% share.

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

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

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

Import Prices by Country

The average truck and bus tyre import price stood at $X per unit in 2022, surging by X% against the previous year. In general, import price indicated mild growth from 2012 to 2022: its price 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. The import price peaked at $X per unit in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from South Africa ($X per unit) and Turkey ($X per unit), while the price for the Netherlands ($X per unit) and the United Arab Emirates ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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