Price for Inner Tubes, of Rubber in Chile - 2023
Contents:
- Price for Inner Tubes, of Rubber in Chile (CIF) - 2023
- Price for Inner Tubes, of Rubber in Chile (FOB) - 2022
- Imports of Inner Tubes, of Rubber in Chile
- Exports of Inner Tubes, of Rubber in Chile
Price for Inner Tubes, of Rubber in Chile (CIF) - 2023
In July 2023, the average inner tubes, of rubber import price amounted to $2.0 per unit, which is down by -34.5% against the previous month. Over the period under review, the import price recorded a noticeable reduction. The growth pace was the most rapid in February 2023 an increase of 98% m-o-m. The import price peaked at $3.3 per unit in March 2023; however, from April 2023 to July 2023, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Taiwan (Chinese) ($24.2 per unit), while the price for China ($1.6 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 Taiwan (Chinese) (+24.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Inner Tubes, of Rubber in Chile (FOB) - 2022
The average inner tubes, of rubber export price stood at $17 per unit in 2022, surging by 15% against the previous year. In general, the export price showed a buoyant increase. The growth pace was the most rapid in 2019 when the average export price increased by 206% against the previous year. The export price peaked in 2022 and is likely to see steady growth in the immediate term.
Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Peru ($19 per unit), while the average price for exports to Bolivia ($17 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 Peru (+28.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Inner Tubes, of Rubber in Chile
In 2022, purchases abroad of inner tubes, of rubbers decreased by -27.6% to 4M units for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports, however, enjoyed a strong expansion. The pace of growth appeared the most rapid in 2020 with an increase of 70%. Imports peaked at 5.6M units in 2021, and then declined rapidly in the following year.
In value terms, inner tubes, of rubber imports dropped modestly to $9.2M in 2022. Overall, total imports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +13.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +54.5% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 61% against the previous year. As a result, imports attained the peak of $9.6M, and then shrank in the following year.
| Import of Inner Tubes, of Rubber in Chile (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 5.1 | 4.6 | 7.1 | 7.0 | 11.1% |
| Vietnam | 0.1 | 0.2 | 0.7 | 0.7 | 91.3% |
| South Korea | 0.5 | 0.4 | 0.5 | 0.5 | 0.0% |
| Thailand | 0.2 | 0.2 | 0.3 | 0.3 | 14.5% |
| India | N/A | 0.1 | 0.2 | 0.2 | 41.4% |
| Others | 0.5 | 0.5 | 0.9 | 0.6 | 6.3% |
| Total | 6.3 | 6.0 | 9.6 | 9.2 | 13.5% |
Top Suppliers of Inner Tubes, of Rubber to Chile in 2022:
- China (3467.6K units)
- Thailand (180.8K units)
- Vietnam (127.3K units)
- India (109.6K units)
- South Korea (52.2K units)
Exports of Inner Tubes, of Rubber in Chile
In 2022, overseas shipments of inner tubes, of rubbers were finally on the rise to reach 69K units for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, continue to indicate a precipitous descent. Over the period under review, the exports reached the maximum at 147K units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
In value terms, inner tubes, of rubber exports soared to $1.2M in 2022. The total export value increased at an average annual rate of +9.4% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 when exports increased by 31%. As a result, the exports reached the peak of $1.2M; afterwards, it flattened through to 2022.
| Export of Inner Tubes, of Rubber in Chile (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Bolivia | 847 | 1,107 | 885 | 1,090 | 8.8% |
| Peru | 43.9 | 55.1 | 57.6 | 67.3 | 15.3% |
| Paraguay | 14.6 | 13.4 | 24.1 | 28.1 | 24.4% |
| Others | 0.6 | 15.1 | 3.9 | 0.2 | -30.7% |
| Total | 906 | 1,190 | 971 | 1,185 | 9.4% |
Top Export Markets for Inner Tubes, of Rubber from Chile in 2022:
- Bolivia (63.5K units)
- Peru (3.6K units)
- Paraguay (1.5K units)
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