Price for Inner Tubes, of Rubber in China - 2023

Contents:

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

Price for Inner Tubes, of Rubber in China (FOB) - 2023

In June 2023, the average inner tubes, of rubber export price amounted to $1.3 per unit, dropping by -6.4% against the previous month. In general, the export price recorded a slight reduction. The pace of growth appeared the most rapid in February 2023 an increase of 10% against the previous month. Over the period under review, the average export prices attained the peak figure at $1.6 per unit in March 2023; however, from April 2023 to June 2023, the export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was the United States ($2.1 per unit), while the average price for exports to Brazil ($906 per thousand units) was amongst the lowest.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+1.7%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Inner Tubes, of Rubber in China (CIF) - 2023

In June 2023, the average inner tubes, of rubber import price amounted to $2.5 per unit, with a decrease of -26.5% against the previous month. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in February 2023 when the average import price increased by 107% month-to-month. As a result, import price reached the peak level of $5.8 per unit. From March 2023 to June 2023, the average import prices remained at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In June 2023, the country with the highest price was Vietnam ($1.4 per unit), while the price for Thailand totaled $1.4 per unit.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Vietnam (-1.2%).

Exports of Inner Tubes, of Rubber in China

For the fourth year in a row, China recorded growth in shipments abroad of inner tubes, of rubbers, which increased by 42% to 453M units in 2022. In general, exports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 44% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, inner tubes, of rubber exports fell modestly to $653M in 2022. The total export value increased at an average annual rate of +9.9% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when exports increased by 30%. As a result, the exports attained the peak of $666M, and then fell modestly in the following year.

Top Export Markets for Inner Tubes, of Rubber from China in 2022:

1. Brazil (52.6M units)
2. Nigeria (29.8M units)
3. Mexico (26.6M units)
4. Germany (24.3M units)
5. Ghana (16.8M units)
6. Philippines (16.8M units)
7. United States (16.5M units)
8. Russia (12.4M units)
9. Argentina (11.9M units)
10. Colombia (11.3M units)
11. Italy (11.0M units)
12. Netherlands (10.9M units)
13. Egypt (8.6M units)

Imports of Inner Tubes, of Rubber in China

Inner tubes, of rubber imports into China declined dramatically to 1M units in 2022, waning by -19.6% on 2021. Overall, imports saw a slight slump. The pace of growth appeared the most rapid in 2021 with an increase of 56%. As a result, imports reached the peak of 1.2M units, and then reduced markedly in the following year.

In value terms, inner tubes, of rubber imports expanded notably to $2.4M in 2022. In general, total imports indicated noticeable growth from 2019 to 2022: its value increased at an average annual rate of +4.5% 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 +68.1% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 57%. Over the period under review, imports attained the peak figure in 2022 and are likely to see gradual growth in years to come.

Top Suppliers of Inner Tubes, of Rubber to China in 2022:

1. Vietnam (468.8K units)
2. Taiwan (Chinese) (282.3K units)
3. Thailand (92.6K units)
4. Indonesia (51.3K units)
5. Germany (35.4K units)
6. Morocco (34.8K units)

Source: IndexBox Market Intelligence Platform