Price for Inner Tubes, of Rubber in Singapore - 2022
Contents:
- Price for Inner Tubes, of Rubber in Singapore (CIF) - 2022
- Price for Inner Tubes, of Rubber in Singapore (FOB) - 2022
- Imports of Inner Tubes, of Rubber in Singapore
- Exports of Inner Tubes, of Rubber in Singapore
Price for Inner Tubes, of Rubber in Singapore (CIF) - 2022
The average inner tubes, of rubber import price stood at $1.8 per unit in 2022, surging by 10% against the previous year. Overall, the import price, however, saw a abrupt shrinkage. The pace of growth appeared the most rapid in 2017 an increase of 56%. The import price peaked at $3.4 per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Korea ($4.2 per unit), while the price for Taiwan (Chinese) ($1 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+1.0%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Inner Tubes, of Rubber in Singapore (FOB) - 2022
The average inner tubes, of rubber export price stood at $7.8 per unit in 2022, rising by 15% against the previous year. Overall, the export price enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2020 an increase of 54%. The export price peaked in 2022 and is likely to see gradual growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Indonesia ($8.6 per unit), while the average price for exports to Malaysia amounted to $3.4 per unit.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (+7.0%), while the prices for the other major destinations experienced a decline.
Imports of Inner Tubes, of Rubber in Singapore
In 2022, after three years of growth, there was significant decline in purchases abroad of inner tubes, of rubbers, when their volume decreased by -6.9% to 2M units. In general, imports, however, saw a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 183%. As a result, imports reached the peak of 2.2M units, and then fell in the following year.
In value terms, inner tubes, of rubber imports expanded modestly to $3.7M in 2022. Overall, imports, however, showed significant growth. The pace of growth was the most pronounced in 2021 when imports increased by 107% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.
| Import of Inner Tubes, of Rubber in Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 469 | 646 | 1,700 | 1,727 | 54.4% |
| Thailand | 112 | 282 | 631 | 641 | 78.9% |
| South Korea | 487 | 227 | 376 | 382 | -7.8% |
| Taiwan (Chinese) | 41.2 | 88.6 | 280 | 285 | 90.5% |
| Vietnam | 23.9 | 19.4 | 53.6 | 54.5 | 31.6% |
| Others | 207 | 463 | 529 | 568 | 40.0% |
| Total | 1,341 | 1,726 | 3,570 | 3,658 | 39.7% |
Top Suppliers of Inner Tubes, of Rubber to Singapore in 2022:
- China (1116.7K units)
- Thailand (415.9K units)
- Taiwan (Chinese) (281.2K units)
- South Korea (91.6K units)
- Vietnam (30.6K units)
Exports of Inner Tubes, of Rubber in Singapore
In 2022, after three years of growth, there was significant decline in overseas shipments of inner tubes, of rubbers, when their volume decreased by -37.6% to 216K units. In general, exports, however, continue to indicate prominent growth. The most prominent rate of growth was recorded in 2021 with an increase of 90% against the previous year. As a result, the exports attained the peak of 347K units, and then dropped significantly in the following year.
In value terms, inner tubes, of rubber exports dropped markedly to $1.7M in 2022. Over the period under review, exports, however, posted a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 131%. As a result, the exports reached the peak of $2.3M, and then dropped significantly in the following year.
| Export of Inner Tubes, of Rubber in Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 333 | 690 | 1,823 | 1,307 | 57.7% |
| Malaysia | 60.7 | 24.3 | 283 | 203 | 49.5% |
| Taiwan (Chinese) | 31.1 | 166 | 7.6 | 45.6 | 13.6% |
| Others | 223 | 131 | 226 | 122 | -18.2% |
| Total | 647 | 1,012 | 2,340 | 1,678 | 37.4% |
Top Export Markets for Inner Tubes, of Rubber from Singapore in 2022:
- Indonesia (151.5K units)
- Malaysia (59.2K units)
- Taiwan (Chinese) (1.0K units)
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