Price for Inner Tubes, of Rubber in Ethiopia - 2022

Price for Inner Tubes, of Rubber in Ethiopia (CIF) - 2022

The average inner tubes, of rubber import price stood at $4.1 per unit in 2022, picking up by 16% against the previous year. In general, the import price, however, continues to indicate a pronounced curtailment. The import price peaked at $5.2 per unit in 2012; however, from 2013 to 2022, 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 South Korea ($7.1 per unit), while the price for Pakistan ($2.3 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+3.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Inner Tubes, of Rubber in Ethiopia (FOB) - 2022

The average inner tubes, of rubber export price stood at $6.7 per unit in 2022, waning by -2.7% against the previous year. In general, the export price, however, showed significant growth. The most prominent rate of growth was recorded in 2015 when the average export price increased by 219%. The export price peaked at $9 per unit in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Kenya.

From 2014 to 2022, the rate of growth in terms of prices for Kenya amounted to -0.5% per year.

Imports of Inner Tubes, of Rubber in Ethiopia

In 2022, supplies from abroad of inner tubes, of rubbers was finally on the rise to reach 1.1M units for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, faced a deep reduction. Over the period under review, imports reached the maximum at 1.9M units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, inner tubes, of rubber imports surged to $4.7M in 2022. Over the period under review, imports, however, recorded a abrupt curtailment. Imports peaked at $6.3M in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Import of Inner Tubes, of Rubber in Ethiopia (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	2,395	2,034	1,250	2,207	-2.7%
India	1,167	1,114	572	1,511	9.0%
South Korea	1,975	775	116	634	-31.5%
Pakistan	N/A	77.3	416	281	90.7%
Thailand	297	100	N/A	34.1	-51.4%
United Arab Emirates	288	211	111	2.4	-79.7%
Others	179	78.9	41.4	25.0	-48.1%
Total	6,301	4,390	2,506	4,694	-9.3%

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

China (659.2K units)
India (254.7K units)
Pakistan (123.2K units)
South Korea (89.3K units)
Thailand (6.1K units)
United Arab Emirates (0.5K units)

Exports of Inner Tubes, of Rubber in Ethiopia

In 2022, shipments abroad of inner tubes, of rubbers was finally on the rise to reach 351 units for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, faced a abrupt downturn. Over the period under review, the exports hit record highs at 613 units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, inner tubes, of rubber exports surged to $2.4K in 2022. Overall, exports, however, faced a abrupt setback. The exports peaked at $4.2K in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.