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South Africa - Tyres - Market Analysis, Forecast, Size, Trends and Insights
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View PricingTyre Price in South Africa - 2023
Contents:
- Tyre Price in South Africa (CIF) - 2022
- Tyre Price in South Africa (FOB) - 2022
- Tyre Imports in South Africa
- Tyre Exports in South Africa
Tyre Price in South Africa (CIF) - 2022
The average tyre import price stood at $79 per unit in 2022, picking up by 27% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. Over the period under review, average import prices attained the peak figure at $105 per unit in 2013; however, from 2014 to 2022, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($488 per unit), while the price for Indonesia ($32 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Romania (+11.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Tyre Price in South Africa (FOB) - 2022
In 2022, the average tyre export price amounted to $105 per unit, increasing by 9.8% against the previous year. In general, the export price, however, recorded a slight decline. The pace of growth was the most pronounced in 2017 an increase of 25%. The export price peaked at $134 per unit in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Zimbabwe ($151 per unit), while the average price for exports to Japan ($48 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 the United States (+6.9%), while the prices for the other major destinations experienced more modest paces of growth.
Tyre Imports in South Africa
In 2022, the amount of tyres imported into South Africa declined notably to 8.9M units, dropping by -18.4% on the previous year's figure. Overall, imports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by 61% against the previous year. As a result, imports attained the peak of 11M units, and then shrank rapidly in the following year.
In value terms, tyre imports expanded to $698M in 2022. The total import value increased at an average annual rate of +2.4% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 43% against the previous year. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in years to come.
Import of Tyre in South Africa (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 198 | 162 | 246 | 220 | 3.6% |
United States | 67.1 | 62.1 | 54.6 | 82.8 | 7.3% |
Japan | 69.5 | 44.4 | 52.2 | 63.8 | -2.8% |
Thailand | 32.3 | 26.6 | 50.5 | 50.1 | 15.8% |
Germany | 39.2 | 19.1 | 34.3 | 31.3 | -7.2% |
India | 21.3 | 15.9 | 26.2 | 30.8 | 13.1% |
Poland | 20.7 | 18.9 | 21.1 | 22.9 | 3.4% |
Romania | 10.2 | 8.3 | 16.2 | 13.0 | 8.4% |
Italy | 15.8 | 9.1 | 11.4 | 12.8 | -6.8% |
Czech Republic | 12.4 | 6.7 | 13.1 | 12.8 | 1.1% |
Slovenia | 3.7 | 3.9 | 6.4 | 9.9 | 38.8% |
South Korea | 6.9 | 2.1 | 4.4 | 7.2 | 1.4% |
Indonesia | 3.0 | 2.5 | 4.4 | 5.9 | 25.3% |
Others | 150 | 87.9 | 133 | 135 | -3.5% |
Total | 650 | 470 | 674 | 698 | 2.4% |
Top Suppliers of Tyre to South Africa in 2022:
- China (4530.0K units)
- Thailand (1063.9K units)
- India (438.3K units)
- Japan (350.6K units)
- Germany (341.3K units)
- Poland (264.0K units)
- Indonesia (186.3K units)
- South Korea (185.5K units)
- Romania (177.8K units)
- United States (169.6K units)
- Slovenia (137.9K units)
- Czech Republic (111.7K units)
- Italy (104.4K units)
Tyre Exports in South Africa
In 2022, approx. 3M units of tyres were exported from South Africa; surging by 6.3% on the year before. Over the period under review, exports, however, saw a perceptible slump. The most prominent rate of growth was recorded in 2021 when exports increased by 9%. The exports peaked at 3.3M units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, tyre exports skyrocketed to $311M in 2022. The total export value increased at an average annual rate of +7.5% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when exports increased by 25%. The exports peaked in 2022 and are expected to retain growth in the immediate term.
Export of Tyre in South Africa (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 11.6 | 13.9 | 22.9 | 37.3 | 47.6% |
Belgium | 18.9 | 15.1 | 19.1 | 29.2 | 15.6% |
Zimbabwe | 17.1 | 15.8 | 23.5 | 23.9 | 11.8% |
Namibia | 31.5 | 20.8 | 26.4 | 23.6 | -9.2% |
Botswana | 18.8 | 14.9 | 15.5 | 19.0 | 0.4% |
Netherlands | 11.4 | 13.7 | 16.0 | 16.0 | 12.0% |
Zambia | 13.3 | 19.5 | 19.6 | 14.5 | 2.9% |
Japan | 9.7 | 8.5 | 10.7 | 13.4 | 11.4% |
Germany | 10.0 | 4.7 | 7.2 | 9.1 | -3.1% |
United Kingdom | 3.9 | 7.7 | 13.3 | 8.9 | 31.7% |
Swaziland | 10.7 | 8.9 | 8.9 | 8.6 | -7.0% |
Mozambique | 10.8 | 4.2 | 5.6 | 6.1 | -17.3% |
United Arab Emirates | 1.8 | 1.2 | 1.8 | 5.9 | 48.5% |
Others | 81.1 | 65.2 | 76.3 | 95.6 | 5.6% |
Total | 251 | 214 | 267 | 311 | 7.4% |
Top Export Markets for Tyre from South Africa in 2022:
- Belgium (374.3K units)
- United States (299.3K units)
- Japan (278.0K units)
- Namibia (205.3K units)
- Netherlands (162.2K units)
- Zimbabwe (157.9K units)
- Botswana (140.3K units)
- Swaziland (111.0K units)
- Germany (103.9K units)
- United Kingdom (100.6K units)
- Zambia (98.4K units)
- United Arab Emirates (97.5K units)
- Mozambique (66.0K units)
This report provides an in-depth analysis of the tyre market in South Africa. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 22111100 - New pneumatic rubber tyres for motor cars (including for racing cars)
- Prodcom 22111355 - New pneumatic rubber tyres for buses or lorries with a load index . .121
- Prodcom 22111357 - New pneumatic rubber tyres for buses or lorries with a load index > .121
- Prodcom 22111370 - New pneumatic rubber tyres for aircraft
- Prodcom 22111200 - New pneumatic tyres, of rubber, of a kind used on motorcycles or bicycles
- Prodcom 22111400 - Agrarian tyres, other new pneumatic tyres, of rubber
Country coverage:
- South Africa
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in South Africa
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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The tyre industry has witnessed significant growth over the years, driven by the increasing demand for automobiles and the expanding global automotive industry. As a result, tire manufacturers around the world are constantly looking to tap into the best import markets for tyres to ensure their products reach a wider audience. The IndexBox Market Intelligence Platform provides comprehensive and up-to-date data on global trade, including import values, market trends, and key statistics. Based on the data sourced from the IndexBox platform, we have compiled a list of the top 10 countries with the highest import values for tyres in 2022. The United States takes the top spot with an import value of $18.7 billion in 2022, followed by Germany and France. Emerging economies like Mexico, Canada, and Australia also contribute significantly to the import market for tyres. The IndexBox market intelligence platform delivers valuable insights into these markets, helping manufacturers and traders make informed decisions and capitalize on the opportunities available.
The global tire market is expected to reach $209 billion in 2030, growing with a CAGR of +2.4% from 2022 to 2030.
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