Bicycle Tire Price in Tanzania - 2022
Contents:
- Bicycle Tire Price in Tanzania (CIF) - 2022
- Bicycle Tire Price in Tanzania (FOB) - 2022
- Bicycle Tire Imports in Tanzania
- Bicycle Tire Exports in Tanzania
Bicycle Tire Price in Tanzania (CIF) - 2022
In 2022, the average bicycle tire import price amounted to $2.9 per unit, which is down by -7.5% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average import price increased by 89% against the previous year. As a result, import price attained the peak level of $4.5 per unit. From 2019 to 2022, the average import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($7.4 per unit), while the price for India ($2.5 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+8.9%), while the prices for the other major suppliers experienced a decline.
Bicycle Tire Price in Tanzania (FOB) - 2022
In 2022, the average bicycle tire export price amounted to $12 per unit, growing by 86% against the previous year. In general, the export price saw a strong increase. The most prominent rate of growth was recorded in 2015 when the average export price increased by 148%. Over the period under review, the average export prices attained the peak figure in 2022 and is expected to retain growth in the near future.
Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Democratic Republic of the Congo ($12 per unit), while the average price for exports to Senegal stood at $11 per unit.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Malawi (+10.0%).
Bicycle Tire Imports in Tanzania
In 2022, after three years of growth, there was significant decline in supplies from abroad of new pneumatic tyres for bicycles, when their volume decreased by -66% to 1.4M units. Overall, imports showed a sharp setback. The most prominent rate of growth was recorded in 2021 when imports increased by 14% against the previous year. As a result, imports reached the peak of 4.1M units, and then shrank notably in the following year.
In value terms, bicycle tire imports fell dramatically to $4M in 2022. Over the period under review, imports continue to indicate a precipitous curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 34%. As a result, imports reached the peak of $13M, and then contracted significantly in the following year.
| Import of Bicycle Tire in Tanzania (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sri Lanka | 5.1 | 5.1 | 6.6 | 2.6 | -20.1% |
| India | 1.7 | 2.0 | 3.2 | 0.9 | -19.1% |
| China | 2.5 | 2.4 | 2.9 | 0.5 | -41.5% |
| Others | N/A | N/A | 0.1 | N/A | 0% |
| Total | 9.3 | 9.6 | 12.8 | 4.0 | -24.5% |
Top Suppliers of Bicycle Tire to Tanzania in 2022:
- Sri Lanka (959.8K units)
- India (361.3K units)
- China (63.9K units)
Bicycle Tire Exports in Tanzania
In 2022, approx. 24 units of new pneumatic tyres for bicycles were exported from Tanzania; with a decrease of -98.8% on 2021. Over the period under review, exports saw a sharp contraction. The most prominent rate of growth was recorded in 2021 with an increase of 48% against the previous year. As a result, the exports attained the peak of 2K units, and then declined markedly in the following year.
In value terms, bicycle tire exports shrank significantly to $277 in 2022. In general, exports recorded a sharp downturn. The most prominent rate of growth was recorded in 2021 when exports increased by 45%. As a result, the exports attained the peak of $12K, and then reduced markedly in the following year.
| Export of Bicycle Tire in Tanzania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Democratic Republic of the Congo | N/A | N/A | N/A | 0.2 | 0% |
| Senegal | N/A | N/A | N/A | 0.1 | 0% |
| Comoros | N/A | 0.2 | 1.2 | N/A | 500.0% |
| Burundi | 0.8 | N/A | 2.5 | N/A | 76.8% |
| Rwanda | 0.7 | N/A | N/A | N/A | 0% |
| Malawi | 5.3 | 8.1 | 5.0 | N/A | -2.9% |
| Zambia | N/A | N/A | 3.4 | N/A | 0% |
| Others | 0.1 | 0.2 | 0.1 | N/A | 0.0% |
| Total | 6.9 | 8.4 | 12.2 | 0.3 | -64.8% |
Top Export Markets for Bicycle Tire from Tanzania in 2022:
- Democratic Republic of the Congo (17.0 units)
- Senegal (7.0 units)
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