Price for New Pneumatic Tyres, of Rubber in Azerbaijan - 2022
Contents:
- Price for New Pneumatic Tyres, of Rubber in Azerbaijan (CIF) - 2022
- Price for New Pneumatic Tyres, of Rubber in Azerbaijan (FOB) - 2022
- Imports of New Pneumatic Tyres, of Rubber in Azerbaijan
- Exports of New Pneumatic Tyres, of Rubber in Azerbaijan
Price for New Pneumatic Tyres, of Rubber in Azerbaijan (CIF) - 2022
The average import price for new pneumatic tyres, of rubbers stood at $43.8 per unit in February 2022, increasing by 16% against the previous month. Over the last eleven months, it increased at an average monthly rate of +1.5%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices amongst the major supplying countries. In February 2022, the country with the highest price was Japan ($88.5 per unit), while the price for China ($33.4 per unit) was amongst the lowest.
From March 2021 to February 2022, the most notable rate of growth in terms of prices was attained by Serbia (+7.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for New Pneumatic Tyres, of Rubber in Azerbaijan (FOB) - 2022
The average export price for new pneumatic tyres, of rubbers stood at $177 per unit in 2022, which is down by -30.4% against the previous year. Over the period under review, the export price, however, recorded a buoyant expansion. The most prominent rate of growth was recorded in 2013 when the average export price increased by 171%. The export price peaked at $403 per unit in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Georgia ($257 per unit), while the average price for exports to China ($56 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 the UK (+11.4%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of New Pneumatic Tyres, of Rubber in Azerbaijan
In 2022, the amount of new pneumatic tyres, of rubbers imported into Azerbaijan dropped to 2.1M units, waning by -2% compared with the year before. The total import volume increased at an average annual rate of +2.0% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 30% against the previous year. As a result, imports reached the peak of 2.1M units, and then contracted slightly in the following year.
In value terms, new pneumatic tyres, of rubber imports stood at $96M in 2022. The total import value increased at an average annual rate of +6.6% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 25%. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in years to come.
| Import of New Pneumatic Tyres, of Rubber in Azerbaijan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 33.5 | 28.9 | 37.5 | 50.8 | 14.9% |
| Turkey | 8.5 | 9.0 | 13.4 | 17.9 | 28.2% |
| Russia | 8.1 | 8.6 | 8.5 | 7.0 | -4.7% |
| South Korea | 2.8 | 1.8 | 3.2 | 3.9 | 11.7% |
| Belarus | 2.3 | 2.0 | 2.7 | 2.4 | 1.4% |
| Iran | N/A | 0.1 | 0.1 | 0.8 | 182.8% |
| Ukraine | 2.4 | 1.4 | 0.9 | 0.3 | -50.0% |
| United Arab Emirates | 9.0 | 9.2 | 8.3 | N/A | -4.0% |
| Others | 13.1 | 7.8 | 11.3 | 13.1 | 0.0% |
| Total | 79.5 | 68.8 | 85.9 | 96.3 | 6.6% |
Top Suppliers of New Pneumatic Tyres, of Rubber to Azerbaijan in 2022:
- China (1331.9K units)
- Turkey (290.8K units)
- Russia (118.4K units)
- South Korea (93.9K units)
- Belarus (55.0K units)
- Iran (46.8K units)
- Ukraine (7.3K units)
Exports of New Pneumatic Tyres, of Rubber in Azerbaijan
New pneumatic tyres, of rubber exports from Azerbaijan surged to 270 units in 2022, growing by 1,250% against the previous year. In general, exports recorded a significant increase. Over the period under review, the exports reached the peak figure at 469 units in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.
In value terms, new pneumatic tyres, of rubber exports surged to $48K in 2022. Over the period under review, exports recorded significant growth. Over the period under review, the exports hit record highs at $115K in 2020; however, from 2021 to 2022, the exports failed to regain momentum.
| Export of New Pneumatic Tyres, of Rubber in Azerbaijan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Georgia | 4.0 | 6.9 | 0.2 | 29.8 | 95.3% |
| Belgium | 0.9 | 3.8 | 0.3 | 13.8 | 148.4% |
| China | N/A | 40.3 | N/A | 1.6 | -80.1% |
| Uzbekistan | N/A | N/A | N/A | 1.3 | 0% |
| Kazakhstan | 15.0 | 49.1 | 3.4 | N/A | -52.4% |
| United Kingdom | 2.0 | 10.0 | 1.0 | N/A | -29.3% |
| Iran | N/A | 4.8 | N/A | N/A | 0% |
| Others | 3.9 | N/A | 0.1 | 1.2 | -32.5% |
| Total | 25.8 | 115 | 5.1 | 47.8 | 22.8% |
Top Export Markets for New Pneumatic Tyres, of Rubber from Azerbaijan in 2022:
- Belgium (116.0 units)
- Georgia (116.0 units)
- China (29.0 units)
- Uzbekistan (6.0 units)
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