Price for New Pneumatic Tyres, of Rubber in Australia - 2022
Contents:
- Price for New Pneumatic Tyres, of Rubber in Australia (CIF) - 2022
- Price for New Pneumatic Tyres, of Rubber in Australia (FOB) - 2022
- Imports of New Pneumatic Tyres, of Rubber in Australia
- Exports of New Pneumatic Tyres, of Rubber in Australia
Price for New Pneumatic Tyres, of Rubber in Australia (CIF) - 2022
The average import price for new pneumatic tyres, of rubbers stood at $56.5 per unit in February 2022, approximately equating the previous month. In general, the import price saw a relatively flat trend pattern. Over the period under review, average import prices reached the peak figure in February 2022.
Average prices varied somewhat amongst the major supplying countries. In February 2022, the countries with the highest prices were Germany ($67.6 per unit) and Taiwan (Chinese) ($63.8 per unit), while the price for India ($50.6 per unit) and Japan ($53.6 per unit) were amongst the lowest.
From November 2021 to February 2022, the most notable rate of growth in terms of prices was attained by Germany (+2.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for New Pneumatic Tyres, of Rubber in Australia (FOB) - 2022
In February 2022, the average export price for new pneumatic tyres, of rubbers amounted to $0.0 per unit, almost unchanged from the previous month. In general, the export price continues to indicate a noticeable downturn. As a result, the export price reached the peak level of $68.1 per unit. From June 2021 to February 2022, the the average export prices failed to regain momentum.
Average prices varied somewhat for the major foreign markets. In February 2022, the highest price was recorded for prices to New Zealand ($68.5 per unit) and the Netherlands ($58.9 per unit), while the average price for exports to the United States ($54.5 per unit) and South Africa ($56.6 per unit) were amongst the lowest.
From May 2021 to February 2022, the most notable rate of growth in terms of prices was recorded for supplies to South Africa (+5.7%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of New Pneumatic Tyres, of Rubber in Australia
In 2022, approx. 27M units of new pneumatic tyres, of rubbers were imported into Australia; with an increase of 2.1% compared with the previous year. The total import volume increased at an average annual rate of +4.9% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 19%. Imports peaked in 2022 and are likely to see steady growth in years to come.
In value terms, new pneumatic tyres, of rubber imports totaled $2.9B in 2022. The total import value increased at an average annual rate of +9.0% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 21% against the previous year. Imports peaked in 2022 and are likely to see steady growth in years to come.
| Import of New Pneumatic Tyres, of Rubber in Australia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 555 | 541 | 733 | 808 | 13.3% |
| Japan | 563 | 495 | 579 | 662 | 5.5% |
| United States | 383 | 387 | 353 | 448 | 5.4% |
| Thailand | 217 | 213 | 309 | 309 | 12.5% |
| South Korea | 67.1 | 54.4 | 76.8 | 84.5 | 8.0% |
| Taiwan (Chinese) | 27.8 | 34.8 | 59.1 | 77.5 | 40.7% |
| Indonesia | 66.8 | 61.0 | 69.7 | 68.9 | 1.0% |
| Vietnam | 16.6 | 25.2 | 26.2 | 40.2 | 34.3% |
| Others | 356 | 311 | 358 | 417 | 5.4% |
| Total | 2,252 | 2,122 | 2,564 | 2,914 | 9.0% |
Top Suppliers of New Pneumatic Tyres, of Rubber to Australia in 2022:
- China (11.8M units)
- Thailand (4.3M units)
- Japan (3.0M units)
- Indonesia (1.4M units)
- South Korea (1.4M units)
- Taiwan (Chinese) (1.3M units)
- Vietnam (0.8M units)
- United States (0.6M units)
Exports of New Pneumatic Tyres, of Rubber in Australia
In 2022, overseas shipments of new pneumatic tyres, of rubbers were finally on the rise to reach 394K units after two years of decline. Overall, exports, however, showed a deep slump. The exports peaked at 505K units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
In value terms, new pneumatic tyres, of rubber exports surged to $69M in 2022. In general, exports showed buoyant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of New Pneumatic Tyres, of Rubber in Australia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1.7 | 1.7 | 1.5 | 17.0 | 115.4% |
| Papua New Guinea | 7.7 | 3.3 | 6.4 | 15.2 | 25.4% |
| New Zealand | 8.6 | 7.4 | 10.9 | 15.0 | 20.4% |
| United Arab Emirates | N/A | N/A | N/A | 4.6 | 0% |
| United States | 3.2 | 2.8 | 3.3 | 3.0 | -2.1% |
| Netherlands | 10.4 | 6.2 | 1.2 | 2.5 | -37.8% |
| Thailand | 2.2 | 1.4 | 1.4 | 1.7 | -8.2% |
| Ghana | N/A | 0.2 | 0.1 | 0.3 | 22.5% |
| Malaysia | 0.7 | N/A | 0.1 | 0.2 | -34.1% |
| Hong Kong SAR | 6.0 | 2.4 | 0.6 | 0.1 | -74.5% |
| Belgium | 3.0 | 0.7 | 0.1 | N/A | -81.7% |
| Others | 14.6 | 9.7 | 10.6 | 9.8 | -12.4% |
| Total | 58.3 | 36.0 | 36.3 | 69.4 | 6.0% |
Top Export Markets for New Pneumatic Tyres, of Rubber from Australia in 2022:
- United Arab Emirates (111.2K units)
- New Zealand (109.8K units)
- Papua New Guinea (38.8K units)
- Thailand (26.5K units)
- China (25.4K units)
- United States (20.0K units)
- Ghana (9.1K units)
- Netherlands (6.5K units)
- Malaysia (2.5K units)
- Hong Kong SAR (0.7K units)
- Belgium (0.2K units)
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