Price for New Pneumatic Tyres, of Rubber in China - 2022
Contents:
- Price for New Pneumatic Tyres, of Rubber in China (FOB) - 2022
- Price for New Pneumatic Tyres, of Rubber in China (CIF) - 2022
- Exports of New Pneumatic Tyres, of Rubber in China
- Imports of New Pneumatic Tyres, of Rubber in China
Price for New Pneumatic Tyres, of Rubber in China (FOB) - 2022
The average export price for new pneumatic tyres, of rubbers stood at $77 per unit in 2022, declining by -8.3% against the previous year. In general, the export price, however, posted strong growth. The most prominent rate of growth was recorded in 2016 when the average export price increased by 64%. The export price peaked at $84 per unit in 2021, and then reduced in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Russia ($113 per unit), while the average price for exports to Germany ($47 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 Arab Emirates (+26.7%), while the prices for the other major destinations experienced more modest paces of growth.
Price for New Pneumatic Tyres, of Rubber in China (CIF) - 2022
The average import price for new pneumatic tyres, of rubbers stood at $57 per unit in 2022, rising by 1.7% against the previous year. Overall, the import price, however, continues to indicate a deep setback. The growth pace was the most rapid in 2013 when the average import price increased by 16%. As a result, import price reached the peak level of $111 per unit. From 2014 to 2022, the average 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 Japan ($122 per unit), while the price for Taiwan (Chinese) ($9.4 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+2.2%), while the prices for the other major suppliers experienced a decline.
Exports of New Pneumatic Tyres, of Rubber in China
In 2022, the amount of new pneumatic tyres, of rubbers exported from China reduced to 194M units, dropping by -2.1% against the previous year. Overall, exports showed a deep downturn. The most prominent rate of growth was recorded in 2021 with an increase of 3.4%. The exports peaked at 243M units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
In value terms, new pneumatic tyres, of rubber exports fell to $15B in 2022. Over the period under review, exports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when exports increased by 26%. As a result, the exports attained the peak of $16.7B, and then reduced in the following year.
| Export of New Pneumatic Tyres, of Rubber in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 1,161 | 993 | 1,298 | 1,034 | -3.8% |
| Russia | 395 | 345 | 528 | 883 | 30.8% |
| Mexico | 636 | 594 | 860 | 801 | 8.0% |
| Saudi Arabia | 618 | 522 | 585 | 548 | -3.9% |
| Australia | 517 | 491 | 611 | 518 | 0.1% |
| Canada | 457 | 420 | 509 | 451 | -0.4% |
| United Arab Emirates | 261 | 359 | 522 | 445 | 19.5% |
| United Kingdom | 543 | 486 | 538 | 440 | -6.8% |
| Brazil | 304 | 228 | 446 | 420 | 11.4% |
| Germany | 361 | 307 | 370 | 367 | 0.6% |
| Japan | 345 | 299 | 389 | 324 | -2.1% |
| Netherlands | 274 | 271 | 360 | 283 | 1.1% |
| France | 209 | 197 | 245 | 220 | 1.7% |
| Others | 8,718 | 7,766 | 9,443 | 8,258 | -1.8% |
| Total | 14,801 | 13,279 | 16,704 | 14,992 | 0.4% |
Top Export Markets for New Pneumatic Tyres, of Rubber from China in 2022:
- United States (11.3M units)
- Mexico (9.9M units)
- Russia (7.9M units)
- United Kingdom (7.8M units)
- Germany (7.8M units)
- Brazil (6.6M units)
- Saudi Arabia (6.3M units)
- Australia (6.2M units)
- Japan (6.2M units)
- Netherlands (5.4M units)
- Canada (5.1M units)
- United Arab Emirates (4.5M units)
- France (4.4M units)
Imports of New Pneumatic Tyres, of Rubber in China
New pneumatic tyres, of rubber imports into China reduced to 16M units in 2022, dropping by -9.2% on 2021. The total import volume increased at an average annual rate of +2.6% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 23%. As a result, imports reached the peak of 18M units, and then fell in the following year.
In value terms, new pneumatic tyres, of rubber imports dropped to $908M in 2022. The total import value increased at an average annual rate of +1.7% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 18% against the previous year. As a result, imports reached the peak of $982M, and then dropped in the following year.
| Import of New Pneumatic Tyres, of Rubber in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 157 | 128 | 134 | 180 | 4.7% |
| Thailand | 83.5 | 119 | 156 | 144 | 19.9% |
| Germany | 85.5 | 79.8 | 131 | 84.8 | -0.3% |
| United States | 39.7 | 68.9 | 52.8 | 49.3 | 7.5% |
| Italy | 32.9 | 34.0 | 41.0 | 46.4 | 12.1% |
| South Korea | 7.8 | 14.9 | 39.9 | 37.5 | 68.8% |
| Poland | 46.7 | 55.6 | 35.5 | 36.8 | -7.6% |
| France | 37.3 | 30.6 | 44.5 | 32.8 | -4.2% |
| Hungary | 18.2 | 18.9 | 37.1 | 31.6 | 20.2% |
| Romania | 39.5 | 45.9 | 62.7 | 30.3 | -8.5% |
| Taiwan (Chinese) | 10.7 | 14.8 | 20.4 | 19.9 | 23.0% |
| Vietnam | 11.1 | 14.8 | 14.7 | 12.3 | 3.5% |
| Indonesia | 4.1 | 4.7 | 7.6 | 11.5 | 41.0% |
| Others | 290 | 203 | 205 | 190 | -13.1% |
| Total | 864 | 833 | 982 | 908 | 1.7% |
Top Suppliers of New Pneumatic Tyres, of Rubber to China in 2022:
- Thailand (2.7M units)
- Taiwan (Chinese) (2.1M units)
- Germany (1.6M units)
- Japan (1.5M units)
- Vietnam (0.9M units)
- Italy (0.8M units)
- Indonesia (0.8M units)
- Poland (0.7M units)
- South Korea (0.7M units)
- Romania (0.6M units)
- Hungary (0.6M units)
- France (0.5M units)
- United States (0.5M units)
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