Price for Inner Tubes, of Rubber in India - 2023

Contents:

1. Price for Inner Tubes, of Rubber in India (FOB) - 2023
2. Price for Inner Tubes, of Rubber in India (CIF) - 2022
3. Exports of Inner Tubes, of Rubber in India
4. Imports of Inner Tubes, of Rubber in India

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

In July 2023, the average inner tubes, of rubber export price amounted to $1.7 per unit, dropping by -2.3% against the previous month. Overall, the export price showed a relatively flat trend pattern. The growth pace was the most rapid in May 2023 an increase of 11% m-o-m. The export price peaked at $1.9 per unit in August 2022; however, from September 2022 to July 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 Arab Emirates ($4.4 per unit), while the average price for exports to Madagascar ($457 per thousand units) was amongst the lowest.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+3.1%), while the prices for the other major destinations experienced more modest paces of growth.

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

The average inner tubes, of rubber import price stood at $5.2 per unit in 2022, declining by -8.4% against the previous year. Over the period under review, the import price, however, recorded notable growth. The growth pace was the most rapid in 2013 an increase of 232% against the previous year. As a result, import price reached the peak level of $12 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 Italy ($40 per unit), while the price for Sri Lanka ($1.4 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+10.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Inner Tubes, of Rubber in India

In 2022, approx. 79M units of inner tubes, of rubbers were exported from India; growing by 19% on the year before. Over the period under review, total exports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +15.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +69.8% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 43% against the previous year. The exports peaked in 2022 and are likely to continue growth in the near future.

In value terms, inner tubes, of rubber exports declined to $90M in 2022. The total export value increased at an average annual rate of +2.5% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by 46% against the previous year. As a result, the exports attained the peak of $104M, and then dropped in the following year.

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

1. Mexico (7.7M units)
2. Tanzania (7.7M units)
3. Egypt (6.8M units)
4. Kenya (3.6M units)
5. Nepal (3.4M units)
6. Uganda (3.3M units)
7. Iraq (3.2M units)
8. Burkina Faso (3.1M units)
9. Cote d'Ivoire (2.8M units)
10. Mozambique (2.0M units)
11. Zambia (1.9M units)
12. Bangladesh (1.8M units)
13. Mali (1.8M units)

Imports of Inner Tubes, of Rubber in India

In 2022, the amount of inner tubes, of rubbers imported into India declined rapidly to 398K units, reducing by -51.3% on the year before. Over the period under review, imports saw a significant decrease. The smallest decline of -18.5% was in 2021. Over the period under review, imports reached the maximum at 2.6M units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, inner tubes, of rubber imports fell sharply to $2.1M in 2022. In general, imports continue to indicate a dramatic contraction. The pace of growth was the most pronounced in 2021 when imports increased by 149%. Imports peaked at $5.2M in 2019; however, from 2020 to 2022, imports remained at a lower figure.

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

1. Vietnam (182.5K units)
2. China (94.9K units)
3. United Arab Emirates (54.9K units)
4. South Korea (28.5K units)
5. Sri Lanka (11.6K units)
6. Thailand (6.4K units)

Source: IndexBox Market Intelligence Platform