Price for New Pneumatic Tyres, of Rubber in Israel - 2022
Contents:
- Price for New Pneumatic Tyres, of Rubber in Israel (CIF) - 2022
- Price for New Pneumatic Tyres, of Rubber in Israel (FOB) - 2022
- Imports of New Pneumatic Tyres, of Rubber in Israel
- Exports of New Pneumatic Tyres, of Rubber in Israel
Price for New Pneumatic Tyres, of Rubber in Israel (CIF) - 2022
In 2022, the average import price for new pneumatic tyres, of rubbers amounted to $73 per unit, rising by 6.3% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.2%. The most prominent rate of growth was recorded in 2021 an increase of 12%. The import price peaked in 2022 and is likely to see steady growth in the immediate term.
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 the United States ($98 per unit), while the price for Taiwan (Chinese) ($29 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Serbia (+12.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for New Pneumatic Tyres, of Rubber in Israel (FOB) - 2022
In 2022, the average export price for new pneumatic tyres, of rubbers amounted to $354 per unit, almost unchanged from the previous year. Overall, the export price, however, continues to indicate a strong increase. The pace of growth was the most pronounced in 2018 an increase of 40%. Over the period under review, the average export prices attained the maximum at $369 per unit in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.
Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were Finland ($368 per unit) and the UK ($363 per unit), while the average price for exports to Spain ($347 per unit) and the United States ($355 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 the UK (+17.2%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of New Pneumatic Tyres, of Rubber in Israel
New pneumatic tyres, of rubber imports into Israel reduced to 4.7M units in 2022, remaining constant against 2021 figures. The total import volume increased at an average annual rate of +5.1% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when imports increased by 18%. As a result, imports reached the peak of 4.7M units, leveling off in the following year.
In value terms, new pneumatic tyres, of rubber imports expanded sharply to $343M in 2022. Overall, total imports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +12.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +40.6% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 33%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.
Import of New Pneumatic Tyres, of Rubber in Israel (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 122 | 117 | 162 | 178 | 13.4% |
Turkey | 13.7 | 15.1 | 17.8 | 23.1 | 19.0% |
Japan | 14.9 | 21.6 | 19.6 | 17.8 | 6.1% |
Germany | 14.0 | 17.4 | 14.6 | 16.2 | 5.0% |
Spain | 4.8 | 0.8 | 7.5 | 9.1 | 23.8% |
South Korea | 3.7 | 4.9 | 4.4 | 9.0 | 34.5% |
United States | 7.6 | 2.4 | 7.2 | 8.0 | 1.7% |
Serbia | 6.2 | 7.2 | 6.0 | 6.9 | 3.6% |
Thailand | 7.2 | 2.1 | 6.3 | 6.8 | -1.9% |
Poland | 2.5 | N/A | 6.2 | 6.6 | 38.2% |
Romania | 3.3 | N/A | 4.5 | 5.6 | 19.3% |
Taiwan (Chinese) | 4.0 | 6.8 | 4.9 | 4.8 | 6.3% |
Italy | 4.2 | 0.6 | 3.7 | 4.6 | 3.1% |
Others | 36.3 | 48.4 | 59.8 | 46.5 | 8.6% |
Total | 244 | 244 | 324 | 343 | 12.0% |
Top Suppliers of New Pneumatic Tyres, of Rubber to Israel in 2022:
- China (2468.1K units)
- Turkey (277.8K units)
- Japan (212.7K units)
- Germany (208.2K units)
- Taiwan (Chinese) (163.9K units)
- South Korea (133.8K units)
- Spain (129.4K units)
- Serbia (113.5K units)
- Thailand (112.2K units)
- Romania (88.2K units)
- Poland (87.7K units)
- Italy (85.9K units)
- United States (82.1K units)
Exports of New Pneumatic Tyres, of Rubber in Israel
New pneumatic tyres, of rubber exports from Israel declined to 327K units in 2022, waning by -11.1% against the year before. Over the period under review, exports continue to indicate a slight setback. The pace of growth was the most pronounced in 2021 when exports increased by 24% against the previous year. As a result, the exports reached the peak of 367K units, and then shrank in the following year.
In value terms, new pneumatic tyres, of rubber exports contracted to $115M in 2022. Overall, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 19%. As a result, the exports reached the peak of $131M, and then fell in the following year.
Export of New Pneumatic Tyres, of Rubber in Israel (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 24.7 | 31.0 | 27.0 | 29.1 | 5.6% |
Germany | 20.9 | 19.1 | 26.0 | 22.4 | 2.3% |
France | 15.7 | 14.1 | 17.5 | 12.6 | -7.1% |
Denmark | 4.8 | 5.3 | 6.7 | 6.4 | 10.1% |
Belgium | 6.6 | 5.9 | 7.3 | 6.1 | -2.6% |
Netherlands | 10.3 | 6.2 | 7.4 | 5.3 | -19.9% |
Brazil | 0.1 | 0.1 | 1.8 | 4.2 | 247.6% |
Canada | 3.5 | 3.9 | 4.8 | 3.7 | 1.9% |
Finland | 2.8 | 2.2 | 2.0 | 2.8 | 0.0% |
Spain | 3.4 | 3.4 | 3.3 | 2.8 | -6.3% |
Slovakia | 2.9 | 3.0 | 3.5 | 2.6 | -3.6% |
Italy | 2.2 | 1.8 | 2.5 | 2.4 | 2.9% |
United Kingdom | 2.5 | 2.4 | 2.8 | 2.3 | -2.7% |
Others | 11.8 | 11.5 | 18.4 | 12.7 | 2.5% |
Total | 112 | 110 | 131 | 115 | 0.9% |
Top Export Markets for New Pneumatic Tyres, of Rubber from Israel in 2022:
- United States (82.1K units)
- Germany (62.6K units)
- France (35.6K units)
- Denmark (18.0K units)
- Belgium (17.2K units)
- Netherlands (14.9K units)
- Brazil (11.9K units)
- Canada (10.4K units)
- Spain (8.0K units)
- Finland (7.6K units)
- Slovakia (7.3K units)
- Italy (6.7K units)
- United Kingdom (6.4K units)
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The tyre industry has witnessed significant growth over the years, driven by the increasing demand for automobiles and the expanding global automotive industry. As a result, tire manufacturers around the world are constantly looking to tap into the best import markets for tyres to ensure their products reach a wider audience. The IndexBox Market Intelligence Platform provides comprehensive and up-to-date data on global trade, including import values, market trends, and key statistics. Based on the data sourced from the IndexBox platform, we have compiled a list of the top 10 countries with the highest import values for tyres in 2022. The United States takes the top spot with an import value of $18.7 billion in 2022, followed by Germany and France. Emerging economies like Mexico, Canada, and Australia also contribute significantly to the import market for tyres. The IndexBox market intelligence platform delivers valuable insights into these markets, helping manufacturers and traders make informed decisions and capitalize on the opportunities available.
The global tire market is expected to reach $209 billion in 2030, growing with a CAGR of +2.4% from 2022 to 2030.
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