Motorcycle Tire Price in Tanzania - 2022
Contents:
- Motorcycle Tire Price in Tanzania (CIF) - 2022
- Motorcycle Tire Price in Tanzania (FOB) - 2022
- Motorcycle Tire Imports in Tanzania
- Motorcycle Tire Exports in Tanzania
Motorcycle Tire Price in Tanzania (CIF) - 2022
In December 2021, the average motorcycle tire import price amounted to $6.0 per unit, which is down by -48.5% against the previous month. Overall, the import price continues to indicate a abrupt contraction. The pace of growth appeared the most rapid in June 2021 when the average import price increased by 19% m-o-m. Over the period under review, average import prices hit record highs at $11.6 per unit in November 2021, and then contracted markedly in the following month.
There were significant differences in the average prices amongst the major supplying countries. In December 2021, the country with the highest price was India ($16.0 per unit), while the price for China ($4.7 per unit) was amongst the lowest.
From January 2021 to December 2021, the most notable rate of growth in terms of prices was attained by Thailand (+4.5%), while the prices for the other major suppliers experienced mixed trend patterns.
Motorcycle Tire Price in Tanzania (FOB) - 2022
In 2022, the average motorcycle tire export price amounted to $18 per unit, declining by -12.8% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average export price increased by 71% against the previous year. As a result, the export price attained the peak level of $38 per unit. From 2019 to 2022, the average export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for Democratic Republic of the Congo.
From 2012 to 2022, the rate of growth in terms of prices for Malawi amounted to +2.1% per year.
Motorcycle Tire Imports in Tanzania
In 2022, overseas purchases of new pneumatic tyres for motorcycles decreased by -17.5% to 1.2M units for the first time since 2018, thus ending a three-year rising trend. Overall, imports, however, continue to indicate a strong expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 78%. As a result, imports reached the peak of 1.5M units, and then dropped rapidly in the following year.
In value terms, motorcycle tire imports shrank markedly to $9.1M in 2022. Over the period under review, imports showed a abrupt decrease. The most prominent rate of growth was recorded in 2021 with an increase of 29%. Over the period under review, imports reached the peak figure at $11M in 2019; however, from 2020 to 2022, imports remained at a lower figure.
| Import of Motorcycle Tire in Tanzania (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 8.4 | 6.0 | 7.0 | 4.3 | -20.0% |
| Uganda | 1.6 | 2.1 | 2.9 | 3.8 | 33.4% |
| India | 0.9 | 0.2 | 0.7 | 0.9 | 0.0% |
| Others | 0.4 | 0.2 | 0.4 | 0.1 | -37.0% |
| Total | 11.3 | 8.6 | 11.1 | 9.1 | -7.0% |
Top Suppliers of Motorcycle Tire to Tanzania in 2022:
- China (655.3K units)
- Uganda (535.6K units)
- India (22.6K units)
Motorcycle Tire Exports in Tanzania
After three years of growth, shipments abroad of new pneumatic tyres for motorcycles decreased by -99.5% to 13 units in 2022. In general, exports showed a precipitous curtailment. The most prominent rate of growth was recorded in 2020 with an increase of 109%. The exports peaked at 2.5K units in 2021, and then contracted rapidly in the following year.
In value terms, motorcycle tire exports shrank significantly to $235 in 2022. Over the period under review, exports showed a precipitous descent. The most prominent rate of growth was recorded in 2020 with an increase of 93%. Over the period under review, the exports hit record highs at $52K in 2021, and then dropped dramatically in the following year.
| Export of Motorcycle Tire in Tanzania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Democratic Republic of the Congo | 7.8 | 15.9 | 10.9 | 0.2 | -70.5% |
| Malawi | 7.2 | 7.8 | 29.4 | N/A | 102.1% |
| Mozambique | 2.1 | 4.4 | 2.7 | N/A | 13.4% |
| Zambia | 1.9 | 3.6 | 2.0 | N/A | 2.6% |
| Others | 2.8 | 10.4 | 7.4 | N/A | 62.6% |
| Total | 21.8 | 42.1 | 52.5 | 0.2 | -79.1% |
Top Export Markets for Motorcycle Tire from Tanzania in 2022:
- Democratic Republic of the Congo (13.0 units)
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