Price for New Pneumatic Tyres, of Rubber in Ireland - 2022
Contents:
- Price for New Pneumatic Tyres, of Rubber in Ireland (CIF) - 2022
- Price for New Pneumatic Tyres, of Rubber in Ireland (FOB) - 2022
- Imports of New Pneumatic Tyres, of Rubber in Ireland
- Exports of New Pneumatic Tyres, of Rubber in Ireland
Price for New Pneumatic Tyres, of Rubber in Ireland (CIF) - 2022
The average import price for new pneumatic tyres, of rubbers stood at $64 per unit in 2022, reducing by -2% against the previous year. Overall, the import price continues to indicate a perceptible setback. The pace of growth was the most pronounced in 2018 an increase of 53%. Over the period under review, average import prices hit record highs at $106 per unit in 2014; however, from 2015 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 India ($225 per unit), while the price for Italy ($25 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+12.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for New Pneumatic Tyres, of Rubber in Ireland (FOB) - 2022
The average export price for new pneumatic tyres, of rubbers stood at $81.7 per unit in April 2022, surging by 5.6% against the previous month. Over the last twelve months, it increased at an average monthly rate of +1.4%. The growth pace was the most rapid in July 2021 an increase of 61% against the previous month. Over the period under review, the average export prices hit record highs in April 2022.
Prices varied noticeably by the country of destination: the country with the highest price was Belgium ($126 per unit), while the average price for exports to the UK ($72.7 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 the Netherlands (+5.9%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of New Pneumatic Tyres, of Rubber in Ireland
In 2022, new pneumatic tyres, of rubber imports into Ireland rose notably to 4.8M units, increasing by 7.6% on 2021. The total import volume increased at an average annual rate of +6.5% over the period from 2019 to 2022; however, 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 22% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the immediate term.
In value terms, new pneumatic tyres, of rubber imports amounted to $303M in 2022. The total import value increased at an average annual rate of +9.8% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when imports increased by 28% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in years to come.
| Import of New Pneumatic Tyres, of Rubber in Ireland (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 45.7 | 43.3 | 51.9 | 80.6 | 20.8% |
| United Kingdom | 76.5 | 73.8 | 61.3 | 48.2 | -14.3% |
| India | 12.4 | 16.2 | 27.5 | 27.6 | 30.6% |
| Netherlands | 21.6 | 22.2 | 35.9 | 19.6 | -3.2% |
| Spain | 14.3 | 12.5 | 18.9 | 16.1 | 4.0% |
| Germany | 12.6 | 9.1 | 13.3 | 12.0 | -1.6% |
| South Korea | 3.1 | 3.6 | 4.4 | 10.7 | 51.1% |
| Thailand | 3.0 | 4.1 | 4.8 | 8.2 | 39.8% |
| Hungary | 5.2 | 4.1 | 6.5 | 7.8 | 14.5% |
| France | 4.8 | 4.3 | 4.0 | 6.1 | 8.3% |
| Belgium | 5.3 | 6.8 | 6.7 | 6.0 | 4.2% |
| Italy | 1.3 | 1.3 | 1.2 | 4.6 | 52.4% |
| Hong Kong SAR | N/A | N/A | N/A | 2.1 | 0% |
| Others | 23.4 | 23.8 | 50.9 | 53.7 | 31.9% |
| Total | 229 | 225 | 287 | 303 | 9.8% |
Top Suppliers of New Pneumatic Tyres, of Rubber to Ireland in 2022:
- China (2120.4K units)
- United Kingdom (477.2K units)
- Netherlands (247.0K units)
- Italy (186.0K units)
- Hungary (175.9K units)
- Spain (141.2K units)
- India (122.4K units)
- Belgium (116.8K units)
- Germany (114.7K units)
- South Korea (103.0K units)
- France (78.6K units)
- Thailand (75.1K units)
- Hong Kong SAR (73.8K units)
Exports of New Pneumatic Tyres, of Rubber in Ireland
In 2022, approx. 371K units of new pneumatic tyres, of rubbers were exported from Ireland; remaining constant against the previous year's figure. In general, exports recorded a relatively flat trend pattern. The smallest decline of -18.9% was in 2020. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in years to come.
In value terms, new pneumatic tyres, of rubber exports totaled $58M in 2022. Over the period under review, exports enjoyed prominent growth. The smallest decline of -0.2% was in 2020. Over the period under review, the exports attained the peak figure in 2022 and are likely to see gradual growth in the near future.
| Export of New Pneumatic Tyres, of Rubber in Ireland (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 34.5 | 30.5 | N/A | 32.4 | -2.1% |
| Netherlands | 5.3 | 9.7 | N/A | 13.3 | 35.9% |
| Belgium | N/A | 1.9 | N/A | 4.3 | 50.4% |
| Turkey | N/A | N/A | N/A | 2.6 | 0% |
| Germany | 6.1 | 4.6 | N/A | 1.6 | -36.0% |
| Others | 1.6 | 0.9 | N/A | 3.4 | 28.6% |
| Total | 47.6 | 47.5 | N/A | 57.6 | 6.6% |
Top Export Markets for New Pneumatic Tyres, of Rubber from Ireland in 2022:
- United Kingdom (230.8K units)
- Turkey (57.6K units)
- Netherlands (39.5K units)
- Belgium (15.1K units)
- Germany (12.0K units)
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