Price for Inner Tubes, of Rubber in Sri Lanka - 2021
Contents:
- Price for Inner Tubes, of Rubber in Sri Lanka (CIF) - 2022
- Price for Inner Tubes, of Rubber in Sri Lanka (FOB) - 2022
- Imports of Inner Tubes, of Rubber in Sri Lanka
- Exports of Inner Tubes, of Rubber in Sri Lanka
Price for Inner Tubes, of Rubber in Sri Lanka (CIF) - 2022
The average inner tubes, of rubber import price stood at $3.9 per unit in 2022, falling by -16.7% against the previous year. Over the period under review, import price indicated a notable increase from 2012 to 2022: its price increased at an average annual rate of +2.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, inner tubes, of rubber import price increased by +20.7% against 2020 indices. The pace of growth was the most pronounced in 2021 when the average import price increased by 45%. As a result, import price attained the peak level of $4.7 per unit, and then dropped rapidly in the following year.
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 ($6.1 per unit), while the price for China ($2.5 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+8.8%), while the prices for the other major suppliers experienced a decline.
Price for Inner Tubes, of Rubber in Sri Lanka (FOB) - 2022
In 2022, the average inner tubes, of rubber export price amounted to $1.1 per unit, reducing by -8.6% against the previous year. Over the period under review, the export price showed a deep setback. The pace of growth was the most pronounced in 2021 an increase of 23%. Over the period under review, the average export prices attained the maximum at $2 per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Sweden ($1.8 per unit), while the average price for exports to Italy ($0.7 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Brazil (-1.5%), while the prices for the other major destinations experienced a decline.
Imports of Inner Tubes, of Rubber in Sri Lanka
In 2022, approx. 2.1M units of inner tubes, of rubbers were imported into Sri Lanka; picking up by 8.2% on the previous year. The total import volume increased at an average annual rate of +10.1% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 when imports increased by 43%. As a result, imports attained the peak of 2.2M units. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, inner tubes, of rubber imports fell to $8.2M in 2022. The total import value increased at an average annual rate of +8.7% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of 25% against the previous year. As a result, imports attained the peak of $9M, and then dropped in the following year.
| Import of Inner Tubes, of Rubber in Sri Lanka (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 2.3 | 2.9 | 3.7 | 3.4 | 13.9% |
| India | 2.6 | 3.1 | 3.5 | 3.1 | 6.0% |
| China | 1.3 | 1.2 | 1.7 | 1.5 | 4.9% |
| Others | 0.1 | 0.1 | 0.1 | 0.1 | 0.0% |
| Total | 6.4 | 7.3 | 9.0 | 8.2 | 8.6% |
Top Suppliers of Inner Tubes, of Rubber to Sri Lanka in 2022:
- India (896.6K units)
- China (620.4K units)
- South Korea (549.2K units)
Exports of Inner Tubes, of Rubber in Sri Lanka
In 2022, approx. 3.2M units of inner tubes, of rubbers were exported from Sri Lanka; which is down by -7.5% compared with 2021. In general, exports recorded a slight setback. The pace of growth appeared the most rapid in 2021 with an increase of 18% against the previous year. As a result, the exports reached the peak of 3.4M units, and then declined in the following year.
In value terms, inner tubes, of rubber exports fell remarkably to $3.4M in 2022. The total export value increased at an average annual rate of +2.1% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 45%. As a result, the exports reached the peak of $4M, and then fell markedly in the following year.
| Export of Inner Tubes, of Rubber in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brazil | 214 | 434 | 540 | 428 | 26.0% |
| Netherlands | 252 | 188 | 331 | 262 | 1.3% |
| Sweden | 0.8 | 0.1 | 313 | 248 | 576.8% |
| Romania | 625 | 220 | 102 | 247 | -26.6% |
| Bangladesh | 15.9 | 124 | 300 | 238 | 146.4% |
| United Kingdom | 239 | 361 | 292 | 233 | -0.8% |
| Germany | 38.4 | 83.4 | 239 | 190 | 70.4% |
| Portugal | 423 | 152 | 68.9 | 168 | -26.5% |
| Egypt | 153 | 270 | 182 | 158 | 1.1% |
| Spain | 74.6 | 42.3 | 196 | 156 | 27.9% |
| Israel | 153 | 89.6 | 129 | 103 | -12.4% |
| France | 32.3 | 6.6 | 86.4 | 68.5 | 28.5% |
| Italy | 84.0 | 40.8 | 77.6 | 61.5 | -9.9% |
| Others | 869 | 745 | 1,141 | 817 | -2.0% |
| Total | 3,174 | 2,757 | 3,997 | 3,377 | 2.1% |
Top Export Markets for Inner Tubes, of Rubber from Sri Lanka in 2022:
- Brazil (413.5K units)
- Netherlands (356.2K units)
- Bangladesh (307.6K units)
- Romania (291.3K units)
- Portugal (252.2K units)
- Germany (251.2K units)
- United Kingdom (156.3K units)
- Egypt (143.5K units)
- Sweden (140.8K units)
- Spain (119.2K units)
- Italy (93.9K units)
- Israel (89.8K units)
- France (58.4K units)
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