Price for New Pneumatic Tyres, of Rubber in Canada - 2023
Contents:
- Price for New Pneumatic Tyres, of Rubber in Canada (CIF) - 2022
- Price for New Pneumatic Tyres, of Rubber in Canada (FOB) - 2022
- Imports of New Pneumatic Tyres, of Rubber in Canada
- Exports of New Pneumatic Tyres, of Rubber in Canada
Price for New Pneumatic Tyres, of Rubber in Canada (CIF) - 2022
In 2022, the average import price for new pneumatic tyres, of rubbers amounted to $95 per unit, picking up by 14% against the previous year. Overall, the import price, however, continues to indicate a slight setback. Over the period under review, average import prices hit record highs at $108 per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
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 Japan ($145 per unit), while the price for Taiwan (Chinese) ($38 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+4.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for New Pneumatic Tyres, of Rubber in Canada (FOB) - 2022
In 2022, the average export price for new pneumatic tyres, of rubbers amounted to $90 per unit, with a decrease of -2.3% against the previous year. Overall, the export price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the average export price increased by 8.7%. Over the period under review, the average export prices attained the peak figure at $93 per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($89 per unit), while the average price for exports to Mexico amounted to $82 per unit.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (-0.4%).
Imports of New Pneumatic Tyres, of Rubber in Canada
In 2022, approx. 37M units of new pneumatic tyres, of rubbers were imported into Canada; which is down by -1.5% against the previous year. Over the period under review, imports recorded a perceptible decrease. The pace of growth was the most pronounced in 2021 when imports increased by 18% against the previous year. Over the period under review, imports reached the maximum at 40M units in 2019; however, from 2020 to 2022, imports remained at a lower figure.
In value terms, new pneumatic tyres, of rubber imports expanded notably to $3.6B in 2022. The total import value increased at an average annual rate of +5.3% 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 29%. Over the period under review, imports attained the maximum in 2022 and are likely to continue growth in the near future.
| Import of New Pneumatic Tyres, of Rubber in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 1,273 | 977 | 1,174 | 1,247 | -0.7% |
| China | 512 | 449 | 557 | 637 | 7.6% |
| Japan | 262 | 205 | 305 | 451 | 19.8% |
| Germany | 95.6 | 79.9 | 103 | 116 | 6.7% |
| Mexico | 63.2 | 58.4 | 76.5 | 97.0 | 15.4% |
| Thailand | 90.6 | 74.5 | 90.2 | 97.0 | 2.3% |
| South Korea | 97.3 | 67.0 | 86.1 | 87.8 | -3.4% |
| Vietnam | 25.7 | 39.2 | 99.3 | 86.0 | 49.6% |
| Taiwan (Chinese) | 65.3 | 36.9 | 47.4 | 54.6 | -5.8% |
| Indonesia | 18.1 | 30.9 | 46.6 | 54.6 | 44.5% |
| Russia | 87.7 | 77.9 | 88.9 | 43.2 | -21.0% |
| Philippines | 43.6 | 30.1 | 26.2 | 35.1 | -7.0% |
| Others | 406 | 320 | 456 | 544 | 10.2% |
| Total | 3,039 | 2,446 | 3,156 | 3,551 | 5.3% |
Top Suppliers of New Pneumatic Tyres, of Rubber to Canada in 2022:
- China (11.2M units)
- United States (9.4M units)
- Japan (3.1M units)
- Taiwan (Chinese) (1.4M units)
- South Korea (1.3M units)
- Mexico (1.2M units)
- Thailand (1.2M units)
- Indonesia (1.0M units)
- Vietnam (1.0M units)
- Germany (1.0M units)
- Russia (0.8M units)
- Philippines (0.6M units)
Exports of New Pneumatic Tyres, of Rubber in Canada
In 2022, approx. 19M units of new pneumatic tyres, of rubbers were exported from Canada; leveling off at 2021 figures. Overall, exports saw a perceptible downturn. The pace of growth appeared the most rapid in 2021 with an increase of 19% against the previous year. The exports peaked at 20M 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 reduced modestly to $1.7B in 2022. In general, exports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when exports increased by 29% against the previous year. As a result, the exports reached the peak of $1.8B, and then declined in the following year.
| Export of New Pneumatic Tyres, of Rubber in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 1,659 | 1,325 | 1,696 | 1,639 | -0.4% |
| Mexico | 28.6 | 26.7 | 44.1 | 45.8 | 17.0% |
| Others | 19.1 | 10.2 | 16.6 | 11.7 | -15.1% |
| Total | 1,707 | 1,362 | 1,757 | 1,696 | -0.2% |
Top Export Markets for New Pneumatic Tyres, of Rubber from Canada in 2022:
- United States (18.3M units)
- Mexico (0.6M units)
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