Export Opportunities in Lesotho’s Expanding Tyre Market

Credebt® is always seeking to work with forward-thinking businesses across a variety of industries. Every new client provides an opportunity to deepen our market knowledge and deliver financial solutions that empower business growth. One such example is a dynamic automotive company based in Lesotho, specialising in the wholesale supply of auto parts. Known for its reliability and product quality, this company has built strong relationships with transport firms and commercial vehicle operators. As it prepares for expansion, Credebt® is supporting its growth through a tailored supplier finance solution.

Through supplier finance, Credebt® enables businesses like this to access the working capital needed to strengthen their operations and meet growing demand. These solutions can be especially impactful in markets like Lesotho, where businesses often face challenges in accessing conventional bank lending due to a lack of collateral or formal credit history.

Lesotho, a landlocked country in Southern Africa, is seeing a steady rise in vehicle ownership driven by urbanisation and improving infrastructure. These changes are fuelling increased demand for new tyres, particularly for second-hand imported vehicles such as trucks, buses and agricultural machinery. With no domestic tyre manufacturing, Lesotho relies heavily on imports, making it an attractive opportunity for international exporters.

Much of the demand comes from the replacement market, where rugged roads and heavy usage lead to faster tyre wear. Commercial vehicles are especially affected and there is a need for high-performance, durable tyres that can handle challenging terrain. Additionally, many roads in Lesotho are unpaved, and vehicles used in rural or mining areas experience higher levels of wear, which further increases replacement frequency.

Tyres are brought into Lesotho through South African ports like Durban and transported inland. Managing logistics, customs and warehousing is essential to ensure timely and reliable delivery. Exporters who collaborate with local distributors and invest in storage facilities that protect tyres from environmental damage will gain a competitive edge. Good warehousing practises are also vital for maintaining product quality and ensuring stock availability for urgent orders.

Lesotho imports thousands of pneumatic tyres each year, mainly from South Africa and China. This reliance on a small group of suppliers highlights the need for more diverse and dependable sources. Exporters offering consistent supply and high-quality products are well-positioned to succeed. Exporters that can offer tyres tailored for African terrain and climate will be particularly valued.

Though the market is relatively small, it is steadily growing. Lesotho is not just a transit point but a developing market with real demand. Exporters that bring reliability, quality and strong local partnerships will be able to build a presence and grow alongside the market. Establishing long-term relationships with reputable distributors and service providers will be essential to maintaining a competitive advantage.

Credebt® is committed to supporting African businesses by delivering financial solutions that unlock trade and growth. By enabling reliable supply chains and working closely with partners, we help companies in Lesotho and beyond realise their potential in the automotive sector. As demand for tyres grows and infrastructure continues to improve, we are confident that the tyre market in Lesotho will offer sustained opportunities for growth-oriented exporters.