Price for Inner Tubes, of Rubber in Pakistan - 2023
Contents:
- Price for Inner Tubes, of Rubber in Pakistan (FOB) - 2023
- Price for Inner Tubes, of Rubber in Pakistan (CIF) - 2023
- Exports of Inner Tubes, of Rubber in Pakistan
- Imports of Inner Tubes, of Rubber in Pakistan
Price for Inner Tubes, of Rubber in Pakistan (FOB) - 2023
In February 2023, the average inner tubes, of rubber export price amounted to $1.1 per unit, with an increase of 2.5% against the previous month. Over the period under review, the export price, however, showed a perceptible descent. The pace of growth was the most pronounced in October 2022 when the average export price increased by 17% against the previous month. The export price peaked at $1.5 per unit in February 2022; however, from March 2022 to February 2023, the export prices failed to regain momentum.
There were significant differences in the average prices for the major foreign markets. In February 2023, the country with the highest price was Egypt ($2.1 per unit), while the average price for exports to Brazil ($912 per thousand units) was amongst the lowest.
From February 2022 to February 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+12.5%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Inner Tubes, of Rubber in Pakistan (CIF) - 2023
The average inner tubes, of rubber import price stood at $5.3 per unit in February 2023, reducing by -67.3% against the previous month. Over the period under review, the import price showed a mild contraction. The most prominent rate of growth was recorded in January 2023 an increase of 575% m-o-m. As a result, import price reached the peak level of $16.3 per unit, and then contracted dramatically in the following month.
As there is only one major supplying country, the average price level is determined by prices for China.
From February 2022 to February 2023, the rate of growth in terms of prices for Indonesia amounted to 0.0% per month.
Exports of Inner Tubes, of Rubber in Pakistan
For the fourth year in a row, Pakistan recorded growth in overseas shipments of inner tubes, of rubbers, which increased by 69% to 18M units in 2022. Overall, exports recorded a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, inner tubes, of rubber exports declined to $11M in 2022. Over the period under review, total exports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +13.7% 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 +57.0% against 2020 indices. The growth pace was the most rapid in 2021 when exports increased by 57%. As a result, the exports reached the peak of $11M, leveling off in the following year.
| Export of Inner Tubes, of Rubber in Pakistan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Afghanistan | 4.9 | 3.6 | 3.0 | 3.8 | -8.1% |
| Turkey | 0.9 | 1.5 | 3.2 | 3.3 | 54.2% |
| Egypt | 0.3 | 0.8 | 1.3 | 1.4 | 67.1% |
| Brazil | 0.6 | 0.4 | 1.1 | 1.1 | 22.4% |
| Iraq | N/A | 0.1 | 0.5 | 0.5 | 123.6% |
| Lebanon | N/A | N/A | 0.2 | 0.2 | 0.0% |
| Colombia | N/A | 0.1 | 0.2 | 0.2 | 41.4% |
| Others | 0.5 | 0.3 | 1.4 | 0.3 | -15.7% |
| Total | 7.3 | 6.9 | 10.8 | 10.8 | 13.9% |
Top Export Markets for Inner Tubes, of Rubber from Pakistan in 2022:
- Turkey (8.0M units)
- Afghanistan (3.1M units)
- Brazil (2.1M units)
- Egypt (1.9M units)
- Iraq (1.1M units)
- Lebanon (0.5M units)
- Colombia (0.3M units)
Imports of Inner Tubes, of Rubber in Pakistan
In 2022, approx. 573K units of inner tubes, of rubbers were imported into Pakistan; picking up by 87% compared with the previous year. Overall, imports, however, saw a sharp shrinkage. Imports peaked at 1.2M units in 2019; however, from 2020 to 2022, imports failed to regain momentum.
In value terms, inner tubes, of rubber imports skyrocketed to $4.1M in 2022. In general, imports, however, showed a dramatic downturn. Imports peaked at $9.2M in 2019; however, from 2020 to 2022, imports remained at a lower figure.
| Import of Inner Tubes, of Rubber in Pakistan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 8,106 | 1,158 | 1,647 | 3,115 | -27.3% |
| United Arab Emirates | 274 | 275 | 631 | 687 | 35.9% |
| South Korea | 2.7 | 32.3 | 49.7 | 54.0 | 171.4% |
| Vietnam | 114 | 34.8 | 28.3 | 51.3 | -23.4% |
| Indonesia | 24.1 | 7.2 | 15.3 | 16.6 | -11.7% |
| India | 446 | N/A | 0.2 | N/A | -97.9% |
| Others | 195 | 146 | 111 | 141 | -10.2% |
| Total | 9,161 | 1,654 | 2,483 | 4,065 | -23.7% |
Top Suppliers of Inner Tubes, of Rubber to Pakistan in 2022:
- China (338.8K units)
- United Arab Emirates (176.3K units)
- South Korea (15.4K units)
- Indonesia (12.0K units)
- Vietnam (10.5K units)
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