Price for New Pneumatic Tyres, of Rubber in Ethiopia - 2022
Contents:
- Price for New Pneumatic Tyres, of Rubber in Ethiopia (CIF) - 2022
- Price for New Pneumatic Tyres, of Rubber in Ethiopia (FOB) - 2022
- Imports of New Pneumatic Tyres, of Rubber in Ethiopia
- Exports of New Pneumatic Tyres, of Rubber in Ethiopia
Price for New Pneumatic Tyres, of Rubber in Ethiopia (CIF) - 2022
In 2022, the average import price for new pneumatic tyres, of rubbers amounted to $104 per unit, increasing by 16% against the previous year. Overall, the import price, however, saw a pronounced decrease. The import price peaked at $151 per unit in 2013; however, from 2014 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 Egypt ($186 per unit), while the price for India ($62 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+21.0%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for New Pneumatic Tyres, of Rubber in Ethiopia (FOB) - 2022
In 2022, the average export price for new pneumatic tyres, of rubbers amounted to $53 per unit, dropping by -24% against the previous year. Over the period under review, the export price continues to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2021 when the average export price increased by 27% against the previous year. The export price peaked at $134 per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($63 per unit), while the average price for exports to the UK ($32 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 Uganda (+132.7%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of New Pneumatic Tyres, of Rubber in Ethiopia
In 2022, overseas purchases of new pneumatic tyres, of rubbers increased by 7.3% to 1.3M units for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, faced a abrupt curtailment. Over the period under review, imports hit record highs at 2M units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
In value terms, new pneumatic tyres, of rubber imports surged to $140M in 2022. Overall, imports, however, saw a noticeable decline. Imports peaked at $165M in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.
| Import of New Pneumatic Tyres, of Rubber in Ethiopia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 102 | 122 | 79.2 | 109 | 2.2% |
| India | 22.9 | 13.5 | 16.5 | 14.5 | -14.1% |
| Japan | 8.2 | 8.2 | 4.6 | 6.7 | -6.5% |
| Thailand | 3.8 | 4.7 | 2.9 | 4.9 | 8.8% |
| United Arab Emirates | 9.5 | 8.3 | 5.8 | N/A | -21.9% |
| Others | 16.0 | 7.8 | 4.0 | 5.0 | -32.1% |
| Total | 162 | 165 | 113 | 140 | -4.7% |
Top Suppliers of New Pneumatic Tyres, of Rubber to Ethiopia in 2022:
- China (901.6K units)
- India (233.7K units)
- Japan (92.0K units)
- Thailand (66.6K units)
- United Arab Emirates (0.3K units)
Exports of New Pneumatic Tyres, of Rubber in Ethiopia
In 2022, shipments abroad of new pneumatic tyres, of rubbers decreased by -93.8% to 47 units, falling for the second consecutive year after two years of growth. Over the period under review, exports showed a precipitous descent. The growth pace was the most rapid in 2020 when exports increased by 58% against the previous year. As a result, the exports reached the peak of 804 units. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, new pneumatic tyres, of rubber exports fell significantly to $2.5K in 2022. In general, exports showed a sharp decline. The most prominent rate of growth was recorded in 2020 when exports increased by 58% against the previous year. Over the period under review, the exports attained the maximum at $53K in 2021, and then fell remarkably in the following year.
| Export of New Pneumatic Tyres, of Rubber in Ethiopia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | N/A | 0.1 | N/A | 1.2 | 246.4% |
| Germany | N/A | N/A | 0.4 | 0.5 | 25.0% |
| United Kingdom | N/A | N/A | 0.1 | 0.3 | 200.0% |
| Kenya | 23.8 | 39.9 | 51.9 | 0.3 | -76.7% |
| Canada | N/A | N/A | N/A | 0.2 | 0% |
| Malaysia | N/A | 1.1 | N/A | N/A | 0% |
| Democratic Republic of the Congo | N/A | 1.0 | N/A | N/A | 0% |
| Others | 4.0 | 2.0 | 0.4 | N/A | -68.4% |
| Total | 27.8 | 44.0 | 52.8 | 2.5 | -55.2% |
Top Export Markets for New Pneumatic Tyres, of Rubber from Ethiopia in 2022:
- France (22.0 units)
- Germany (8.0 units)
- United Kingdom (8.0 units)
- Kenya (5.0 units)
- Canada (4.0 units)
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