Price for Inner Tubes, of Rubber in the Czech Republic - 2023

Contents:

1. Price for Inner Tubes, of Rubber in the Czech Republic (FOB) - 2023
2. Price for Inner Tubes, of Rubber in the Czech Republic (CIF) - 2023
3. Exports of Inner Tubes, of Rubber in the Czech Republic
4. Imports of Inner Tubes, of Rubber in the Czech Republic

Price for Inner Tubes, of Rubber in the Czech Republic (FOB) - 2023

The average inner tubes, of rubber export price stood at $11.4 per unit in July 2023, growing by 7.1% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +1.8%. The most prominent rate of growth was recorded in September 2022 an increase of 15% against the previous month. The export price peaked in July 2023.

Prices varied noticeably by the country of destination: the country with the highest price was Austria ($18.2 per unit), while the average price for exports to Switzerland ($5.3 per unit) was amongst the lowest.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Austria (+4.4%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Inner Tubes, of Rubber in the Czech Republic (CIF) - 2023

In July 2023, the average inner tubes, of rubber import price amounted to $7.0 per unit, increasing by 15% against the previous month. Over the last twelve months, it increased at an average monthly rate of +1.3%. The pace of growth was the most pronounced in January 2023 when the average import price increased by 36% month-to-month. The import price peaked at $7.1 per unit in February 2023; however, from March 2023 to July 2023, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was Germany ($16.0 per unit), while the price for South Korea ($4.3 per unit) was amongst the lowest.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Vietnam (+3.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Inner Tubes, of Rubber in the Czech Republic

In 2022, approx. 2.4M units of inner tubes, of rubbers were exported from the Czech Republic; which is down by -22.7% compared with the previous year. Overall, exports continue to indicate a sharp descent. The smallest decline of -4.4% was in 2021. The exports peaked at 6.5M units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, inner tubes, of rubber exports dropped to $12M in 2022. The total export value increased at an average annual rate of +8.4% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 33%. As a result, the exports attained the peak of $13M, and then contracted in the following year.

Top Export Markets for Inner Tubes, of Rubber from the Czech Republic in 2022:

1. Turkey (279.1K units)
2. Germany (257.6K units)
3. Poland (248.0K units)
4. Netherlands (184.7K units)
5. Spain (175.4K units)
6. Slovakia (131.1K units)
7. Bulgaria (130.7K units)
8. Hungary (117.9K units)
9. United States (101.8K units)
10. France (90.7K units)
11. Serbia (71.8K units)
12. Belgium (65.7K units)
13. Switzerland (44.6K units)

Imports of Inner Tubes, of Rubber in the Czech Republic

Inner tubes, of rubber imports into the Czech Republic surged to 3.9M units in 2022, picking up by 57% on the previous year's figure. Over the period under review, total imports indicated a resilient increase from 2019 to 2022: its volume increased at an average annual rate of +7.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +82.3% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, inner tubes, of rubber imports soared to $12M in 2022. Overall, total imports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +16.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +79.5% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 55%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Top Suppliers of Inner Tubes, of Rubber to the Czech Republic in 2022:

1. South Korea (1041.0K units)
2. Poland (839.8K units)
3. Germany (675.5K units)
4. China (414.3K units)
5. Slovakia (381.8K units)
6. Italy (92.6K units)
7. Vietnam (75.7K units)

Source: IndexBox Market Intelligence Platform