Price for New Pneumatic Tyres, of Rubber in Egypt - 2023
Contents:
- Price for New Pneumatic Tyres, of Rubber in Egypt (CIF) - 2022
- Price for New Pneumatic Tyres, of Rubber in Egypt (FOB) - 2022
- Imports of New Pneumatic Tyres, of Rubber in Egypt
- Exports of New Pneumatic Tyres, of Rubber in Egypt
Price for New Pneumatic Tyres, of Rubber in Egypt (CIF) - 2022
The average import price for new pneumatic tyres, of rubbers stood at $101 per unit in 2022, growing by 23% against the previous year. Overall, the import price recorded a resilient expansion. The pace of growth appeared the most rapid in 2015 an increase of 58% against the previous year. Over the period under review, average import prices reached the maximum in 2022 and is expected to retain growth in years to come.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($145 per unit), while the price for Poland ($61 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+15.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for New Pneumatic Tyres, of Rubber in Egypt (FOB) - 2022
In 2022, the average export price for new pneumatic tyres, of rubbers amounted to $183 per unit, rising by 8.5% against the previous year. Overall, export price indicated a buoyant increase from 2012 to 2022: its price increased at an average annual rate of +7.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, new pneumatic tyres, of rubber export price increased by +34.5% against 2019 indices. The pace of growth appeared the most rapid in 2014 an increase of 33%. Over the period under review, the average export prices reached the maximum in 2022 and is likely to see gradual growth in the near future.
Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were Brazil ($192 per unit) and Oman ($187 per unit), while the average price for exports to Morocco ($144 per unit) and Algeria ($181 per unit) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+13.3%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of New Pneumatic Tyres, of Rubber in Egypt
In 2022, approx. 4.1M units of new pneumatic tyres, of rubbers were imported into Egypt; reducing by -31.1% compared with 2021. Overall, imports saw a dramatic slump. The smallest decline of -24.4% was in 2020. Imports peaked at 11M units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
In value terms, new pneumatic tyres, of rubber imports plummeted to $412M in 2022. Over the period under review, imports continue to indicate a abrupt descent. The most prominent rate of growth was recorded in 2021 with an increase of 5.9% against the previous year. Over the period under review, imports attained the maximum at $551M in 2019; however, from 2020 to 2022, imports failed to regain momentum.
| Import of New Pneumatic Tyres, of Rubber in Egypt (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 125 | 107 | 91.7 | 108 | -4.8% |
| Turkey | 90.7 | 74.5 | 75.3 | 62.2 | -11.8% |
| Thailand | 103 | 67.1 | 49.8 | 49.1 | -21.9% |
| Japan | 54.8 | 45.6 | 43.5 | 39.0 | -10.7% |
| India | 28.0 | 25.1 | 32.3 | 30.0 | 2.3% |
| Vietnam | 18.5 | 17.2 | 15.6 | 18.5 | 0.0% |
| South Korea | 17.8 | 12.4 | 16.9 | 17.5 | -0.6% |
| United States | 7.4 | 4.8 | 6.4 | 12.6 | 19.4% |
| Indonesia | 32.3 | 26.0 | 16.3 | 9.4 | -33.7% |
| Poland | 7.3 | 9.3 | 15.3 | 9.2 | 8.0% |
| Spain | 5.1 | 11.8 | 15.1 | 8.5 | 18.6% |
| Germany | 12.9 | 9.7 | 10.7 | 7.2 | -17.7% |
| Romania | 4.5 | 3.9 | 4.8 | 6.4 | 12.5% |
| Others | 44.4 | 46.1 | 93.8 | 34.3 | -8.2% |
| Total | 551 | 460 | 487 | 412 | -9.2% |
Top Suppliers of New Pneumatic Tyres, of Rubber to Egypt in 2022:
- China (819.1K units)
- Turkey (542.3K units)
- Thailand (498.0K units)
- India (335.0K units)
- Japan (269.7K units)
- South Korea (229.9K units)
- United States (166.1K units)
- Indonesia (154.2K units)
- Poland (150.3K units)
- Vietnam (135.6K units)
- Romania (104.7K units)
- Spain (90.9K units)
- Germany (90.0K units)
Exports of New Pneumatic Tyres, of Rubber in Egypt
In 2022, the amount of new pneumatic tyres, of rubbers exported from Egypt expanded markedly to 776K units, with an increase of 10% compared with the year before. In general, exports, however, showed a mild contraction. Over the period under review, the exports attained the peak figure at 818K units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, new pneumatic tyres, of rubber exports surged to $142M in 2022. The total export value increased at an average annual rate of +8.5% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of New Pneumatic Tyres, of Rubber in Egypt (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 19.5 | 18.7 | 20.4 | 32.4 | 18.4% |
| Turkey | 18.9 | 24.1 | 22.1 | 27.9 | 13.9% |
| Germany | 3.9 | 5.0 | 4.9 | 11.6 | 43.8% |
| Spain | 7.9 | 5.6 | 8.8 | 10.6 | 10.3% |
| United Kingdom | 6.8 | 3.7 | 5.4 | 7.2 | 1.9% |
| Morocco | 8.0 | 6.1 | 8.1 | 6.7 | -5.7% |
| Poland | 2.4 | 2.4 | 4.2 | 4.3 | 21.5% |
| Slovakia | 1.9 | 2.1 | 1.7 | 4.3 | 31.3% |
| France | 1.3 | 1.3 | 2.5 | 3.2 | 35.0% |
| Senegal | 1.3 | 0.9 | 0.9 | 3.1 | 33.6% |
| Algeria | 1.8 | 0.8 | 2.7 | 2.7 | 14.5% |
| Oman | 1.1 | 1.6 | N/A | 2.4 | 29.7% |
| Saudi Arabia | 5.8 | 3.6 | 4.2 | 2.0 | -29.9% |
| Others | 30.6 | 26.8 | 32.9 | 23.4 | -8.6% |
| Total | 111 | 103 | 119 | 142 | 8.6% |
Top Export Markets for New Pneumatic Tyres, of Rubber from Egypt in 2022:
- Italy (172.8K units)
- Turkey (149.2K units)
- Germany (62.2K units)
- Spain (56.7K units)
- Morocco (46.4K units)
- United Kingdom (38.6K units)
- Poland (23.2K units)
- Slovakia (22.8K units)
- France (17.1K units)
- Senegal (16.6K units)
- Algeria (15.1K units)
- Oman (12.6K units)
- Saudi Arabia (10.7K units)
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