Western Africa: Retreaded Pneumatic Tyre Market 2024

Retreaded Pneumatic Tyre Market Size in Western Africa

The West African retreaded pneumatic tyre market totaled $X in 2022, growing by X% against the previous year. In general, consumption, however, showed a pronounced setback. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Retreaded Pneumatic Tyre Production in Western Africa

In value terms, retreaded pneumatic tyre production shrank to $X in 2022 estimated in export price. Over the period under review, production showed a drastic downturn. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Retreaded Pneumatic Tyre Exports

Exports in Western Africa

Retreaded pneumatic tyre exports surged to X units in 2022, with an increase of X% compared with 2021. Overall, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when exports increased by X%. As a result, the exports reached the peak of X units. From 2015 to 2022, the growth of the exports failed to regain momentum.

In value terms, retreaded pneumatic tyre exports declined dramatically to $X in 2022. In general, exports, however, continue to indicate a pronounced reduction. The growth pace was the most rapid in 2016 when exports increased by X%. As a result, the exports reached the peak of $X. From 2017 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

In 2022, Togo (X units), Ghana (X units) and Senegal (X units) represented the largest exporter of retreaded pneumatic tyres in Western Africa, making up X% of total export. Niger (X units) held the next position in the ranking, followed by Benin (X units). All these countries together took approx. X% share of total exports. The following exporters - Guinea (X units) and Cote d'Ivoire (X units) - together made up X% of total exports.

From 2012 to 2022, the biggest increases were recorded for Senegal (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest retreaded pneumatic tyre supplying countries in Western Africa were Togo ($X), Senegal ($X) and Ghana ($X), with a combined X% share of total exports.

Among the main exporting countries, Senegal, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in Western Africa amounted to $X per unit, dropping by X% against the previous year. Overall, the export price saw a abrupt downturn. The most prominent rate of growth was recorded in 2015 when the export price increased by X% against the previous year. The level of export peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Cote d'Ivoire ($X per unit), while Benin ($X per unit) was amongst the lowest.

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

Retreaded Pneumatic Tyre Imports

Imports in Western Africa

In 2022, the amount of retreaded pneumatic tyres imported in Western Africa skyrocketed to X units, picking up by X% on the previous year's figure. In general, imports, however, continue to indicate a noticeable slump. The pace of growth was the most pronounced in 2020 when imports increased by X%. The volume of import peaked at X units in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, retreaded pneumatic tyre imports expanded rapidly to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations in certain years. The pace of growth was the most pronounced in 2018 when imports increased by X%. As a result, imports reached the peak of $X. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Cote d'Ivoire (X units), distantly followed by Senegal (X units), Ghana (X units), Togo (X units), Mauritania (X units), Gambia (X units) and Guinea (X units) were the largest importers of retreaded pneumatic tyres, together comprising X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Cote d'Ivoire (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Senegal ($X), Ghana ($X) and Togo ($X) constituted the countries with the highest levels of imports in 2022, together comprising X% of total imports. Cote d'Ivoire, Mauritania, Guinea and Gambia lagged somewhat behind, together comprising a further X%.

Mauritania, with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main importing countries 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 Western Africa stood at $X per unit in 2022, declining by X% against the previous year. Import price indicated temperate 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. Based on 2022 figures, retreaded pneumatic tyre import price increased by X% against 2020 indices. The pace of growth was the most pronounced in 2014 an increase of X% against the previous year. Over the period under review, import prices hit record highs at $X per unit in 2018; however, from 2019 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 Senegal ($X per unit), while Gambia ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform