Price for Inner Tubes, of Rubber in Italy - 2023

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

In July 2023, the average inner tubes, of rubber import price amounted to $5.9 per unit, declining by -21.8% against the previous month. In general, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in September 2022 when the average import price increased by 103% against the previous month. Over the period under review, average import prices attained the peak figure at $7.6 per unit in June 2023, and then contracted significantly in the following month.

There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was Spain ($12.2 per unit), while the price for South Korea ($4.2 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 Spain (+1.6%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In July 2023, the average inner tubes, of rubber export price amounted to $10.5 per unit, remaining relatively unchanged against the previous month. Over the period under review, the export price, however, continues to indicate a slight decline. The pace of growth was the most pronounced in April 2023 an increase of 57% m-o-m. Over the period under review, the average export prices attained the peak figure at $15.2 per unit in October 2022; however, from November 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 UK ($28.9 per unit), while the average price for exports to Romania ($1.5 per unit) 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 Spain (+7.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Inner Tubes, of Rubber in Italy

In 2022, the amount of inner tubes, of rubbers imported into Italy contracted slightly to 12M units, almost unchanged from 2021. Over the period under review, imports continue to indicate a abrupt descent. The most prominent rate of growth was recorded in 2021 when imports increased by 40% against the previous year. Over the period under review, imports attained the maximum at 15M units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, inner tubes, of rubber imports rose significantly to $40M in 2022. In general, imports, however, saw significant growth. The growth pace was the most rapid in 2021 when imports increased by 72% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.

Import of Inner Tubes, of Rubber in Italy (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	7.2	7.8	15.2	16.2	31.0%
Thailand	2.3	2.1	3.6	3.9	19.2%
Poland	2.1	2.2	3.3	3.5	18.6%
France	1.5	1.3	2.7	2.8	23.1%
Indonesia	0.5	0.7	2.1	2.3	66.3%
Spain	1.8	1.9	2.2	2.3	8.5%
Vietnam	1.4	1.7	1.6	1.7	6.7%
Others	4.3	4.5	7.3	7.7	21.4%
Total	21.1	22.2	38.2	40.4	24.2%

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

China (6.6M units)
Thailand (1.9M units)
Indonesia (0.9M units)
Vietnam (0.7M units)
France (0.6M units)
Spain (0.5M units)
Poland (0.2M units)

Exports of Inner Tubes, of Rubber in Italy

After three years of growth, shipments abroad of inner tubes, of rubbers decreased by -43.2% to 1.6M units in 2022. In general, exports saw a pronounced downturn. The growth pace was the most rapid in 2020 with an increase of 36%. Over the period under review, the exports reached the maximum at 2.8M units in 2021, and then fell markedly in the following year.

In value terms, inner tubes, of rubber exports shrank markedly to $9.5M in 2022. Over the period under review, exports saw a deep downturn. The growth pace was the most rapid in 2021 when exports increased by 18%. As a result, the exports attained the peak of $13M, and then shrank markedly in the following year.

Export of Inner Tubes, of Rubber in Italy (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
France	2,707	2,150	2,125	1,567	-16.7%
Spain	1,171	1,184	1,704	1,214	1.2%
Turkey	943	1,205	1,303	929	-0.5%
Netherlands	665	550	1,182	843	8.2%
Germany	773	745	923	658	-5.2%
United States	301	339	496	354	5.6%
United Kingdom	227	449	496	354	16.0%
Poland	222	230	277	198	-3.7%
Belgium	181	154	260	185	0.7%
Croatia	208	190	209	149	-10.5%
Czech Republic	87.5	158	190	135	15.6%
Slovenia	97.9	95.2	172	122	7.6%
Portugal	88.2	38.2	105	74.8	-5.3%
Others	4,067	3,285	3,224	2,695	-12.8%
Total	11,739	10,774	12,667	9,477	-6.9%