Price for New Pneumatic Tyres, of Rubber in Belgium - 2022

Contents:

1. Price for New Pneumatic Tyres, of Rubber in Belgium (CIF) - 2022
2. Price for New Pneumatic Tyres, of Rubber in Belgium (FOB) - 2022
3. Imports of New Pneumatic Tyres, of Rubber in Belgium
4. Exports of New Pneumatic Tyres, of Rubber in Belgium

Price for New Pneumatic Tyres, of Rubber in Belgium (CIF) - 2022

The average import price for new pneumatic tyres, of rubbers stood at $69.8 per unit in April 2022, remaining constant against the previous month. Overall, the import price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in June 2021 an increase of 5.9% m-o-m. Over the period under review, average import prices hit record highs at $70.2 per unit in March 2022, and then fell modestly in the following month.

There were significant differences in the average prices amongst the major supplying countries. In April 2022, the country with the highest price was Japan ($76.8 per unit), while the price for China ($41.6 per unit) was amongst the lowest.

From April 2021 to April 2022, the most notable rate of growth in terms of prices was attained by China (+2.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for New Pneumatic Tyres, of Rubber in Belgium (FOB) - 2022

In April 2022, the average export price for new pneumatic tyres, of rubbers amounted to $80.0 per unit, shrinking by -4.1% against the previous month. In general, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in March 2022 when the average export price increased by 7.3% month-to-month. As a result, the export price attained the peak level of $83.4 per unit, and then contracted modestly in the following month.

There were significant differences in the average prices for the major overseas markets. In April 2022, the country with the highest price was Ethiopia ($329 per unit), while the average price for exports to Mauritania ($34.9 per unit) was amongst the lowest.

From April 2021 to April 2022, the most notable rate of growth in terms of prices was recorded for supplies to Mauritania (+11.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of New Pneumatic Tyres, of Rubber in Belgium

In 2022, after three years of growth, there was significant decline in supplies from abroad of new pneumatic tyres, of rubbers, when their volume decreased by -17% to 22M units. Overall, imports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 20%. As a result, imports reached the peak of 26M units, and then declined rapidly in the following year.

In value terms, new pneumatic tyres, of rubber imports amounted to $1.9B in 2022. The total import value increased at an average annual rate of +4.1% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 17%. Imports peaked in 2022 and are likely to continue growth in the near future.

Top Suppliers of New Pneumatic Tyres, of Rubber to Belgium in 2022:

1. China (5.0M units)
2. France (2.1M units)
3. Germany (1.9M units)
4. Netherlands (1.8M units)
5. Italy (1.3M units)
6. Spain (1.1M units)
7. Czech Republic (1.0M units)
8. Japan (0.9M units)
9. Slovakia (0.8M units)
10. Romania (0.8M units)
11. Portugal (0.7M units)
12. Poland (0.7M units)
13. Thailand (0.6M units)

Exports of New Pneumatic Tyres, of Rubber in Belgium

In 2022, the amount of new pneumatic tyres, of rubbers exported from Belgium shrank remarkably to 14M units, falling by -18.9% on the previous year's figure. Over the period under review, exports recorded a abrupt descent. The growth pace was the most rapid in 2021 with an increase of 11%. The exports peaked at 19M units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, new pneumatic tyres, of rubber exports fell to $1.3B in 2022. Overall, exports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 14% against the previous year. As a result, the exports reached the peak of $1.3B, and then declined slightly in the following year.

Top Export Markets for New Pneumatic Tyres, of Rubber from Belgium in 2022:

1. France (2.9M units)
2. Germany (2.5M units)
3. Netherlands (1.9M units)
4. Sweden (1.5M units)
5. Italy (1.2M units)
6. Spain (0.6M units)
7. Poland (0.4M units)
8. Luxembourg (0.4M units)
9. Czech Republic (0.3M units)
10. United Kingdom (0.2M units)

Source: IndexBox Market Intelligence Platform