Price for Used Pneumatic Tyres of Rubber in the Philippines - 2023
Contents:
- Price for Used Pneumatic Tyres of Rubber in the Philippines (CIF) - 2022
- Price for Used Pneumatic Tyres of Rubber in the Philippines (FOB) - 2022
- Imports of Used Pneumatic Tyres of Rubber in the Philippines
- Exports of Used Pneumatic Tyres of Rubber in the Philippines
Price for Used Pneumatic Tyres of Rubber in the Philippines (CIF) - 2022
The average import price for used pneumatic tyres of rubbers stood at $26 per unit in 2022, increasing by 57% against the previous year. In general, the import price continues to indicate a significant increase. The most prominent rate of growth was recorded in 2020 an increase of 447% against the previous year. The import price peaked in 2022 and is expected to retain growth in the near future.
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 Singapore ($190 per unit), while the price for Taiwan (Chinese) ($8.1 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+50.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Used Pneumatic Tyres of Rubber in the Philippines (FOB) - 2022
The average export price for used pneumatic tyres of rubbers stood at $406 per unit in 2022, surging by 966% against the previous year. Over the period under review, the export price enjoyed significant growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was China ($500 per unit), while the average price for exports to Morocco totaled $7.1 per unit.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+18.1%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Used Pneumatic Tyres of Rubber in the Philippines
In 2022, supplies from abroad of used pneumatic tyres of rubbers decreased by -98.3% to 5.8K units, falling for the second year in a row after two years of growth. Over the period under review, imports showed a precipitous slump. The most prominent rate of growth was recorded in 2020 when imports increased by 77%. As a result, imports reached the peak of 522K units. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, used pneumatic tyres of rubber imports declined markedly to $151K in 2022. Overall, imports faced a precipitous slump. The growth pace was the most rapid in 2020 when imports increased by 866%. As a result, imports reached the peak of $6.4M. From 2021 to 2022, the growth of imports remained at a lower figure.
| Import of Used Pneumatic Tyres of Rubber in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | 28.2 | 386 | 276 | 39.5 | 11.9% |
| Japan | 3.4 | 3,293 | 2,551 | 36.0 | 119.6% |
| China | 153 | 1,299 | 1,324 | 29.4 | -42.3% |
| Switzerland | N/A | N/A | 12.3 | 18.3 | 48.8% |
| Taiwan (Chinese) | 19.7 | 305 | 306 | 7.7 | -26.9% |
| Thailand | 21.7 | 35.4 | 47.6 | N/A | 48.1% |
| Vietnam | 254 | 206 | 20.0 | N/A | -71.9% |
| Indonesia | 89.0 | N/A | N/A | N/A | 0% |
| Others | 97.7 | 917 | 1,107 | 20.2 | -40.9% |
| Total | 667 | 6,441 | 5,644 | 151 | -39.1% |
Top Suppliers of Used Pneumatic Tyres of Rubber to the Philippines in 2022:
- China (2199.0 units)
- Japan (2039.0 units)
- Taiwan (Chinese) (955.0 units)
- Switzerland (220.0 units)
- Singapore (208.0 units)
Exports of Used Pneumatic Tyres of Rubber in the Philippines
Used pneumatic tyres of rubber exports from the Philippines dropped rapidly to 89 units in 2022, falling by -98.1% compared with 2021 figures. Over the period under review, exports showed a dramatic decrease. The most prominent rate of growth was recorded in 2021 when exports increased by 115%. As a result, the exports reached the peak of 4.7K units, and then reduced notably in the following year.
In value terms, used pneumatic tyres of rubber exports dropped notably to $36K in 2022. Overall, exports continue to indicate a dramatic downturn. The pace of growth appeared the most rapid in 2021 with an increase of 55%. Over the period under review, the exports hit record highs at $291K in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
| Export of Used Pneumatic Tyres of Rubber in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | N/A | N/A | N/A | 36.0 | 0% |
| Morocco | N/A | N/A | N/A | 0.1 | 0% |
| Hong Kong SAR | 229 | 83.3 | 74.6 | N/A | -42.9% |
| Russia | 8.6 | 5.4 | 0.1 | N/A | -89.2% |
| United States | 8.5 | 3.2 | 68.1 | N/A | 183.1% |
| Mexico | 35.9 | 18.9 | 29.6 | N/A | -9.2% |
| Others | 9.9 | 5.4 | 7.8 | N/A | -11.2% |
| Total | 291 | 116 | 180 | 36.1 | -50.1% |
Top Export Markets for Used Pneumatic Tyres of Rubber from the Philippines in 2022:
- China (72.0 units)
- Morocco (17.0 units)
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