Price for New Pneumatic Tyres, of Rubber in Luxembourg - 2022
Contents:
- Price for New Pneumatic Tyres, of Rubber in Luxembourg (FOB) - 2022
- Price for New Pneumatic Tyres, of Rubber in Luxembourg (CIF) - 2022
- Exports of New Pneumatic Tyres, of Rubber in Luxembourg
- Imports of New Pneumatic Tyres, of Rubber in Luxembourg
Price for New Pneumatic Tyres, of Rubber in Luxembourg (FOB) - 2022
In April 2022, the average export price for new pneumatic tyres, of rubbers amounted to $53.8 per unit, leveling off at the previous month. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in March 2022 when the average export price increased by 2.1% month-to-month. Over the period under review, the average export prices hit record highs at $54.7 per unit in June 2021; however, from July 2021 to April 2022, the export prices stood at a somewhat lower figure.
Average prices varied somewhat for the major external markets. In April 2022, the countries with the highest prices were South Africa ($72.1 per unit) and Australia ($70.8 per unit), while the average price for exports to Saudi Arabia ($56.0 per unit) and Turkey ($57.5 per unit) were amongst the lowest.
From April 2021 to April 2022, the most notable rate of growth in terms of prices was recorded for supplies to Tanzania (+3.2%), while the prices for the other major destinations experienced more modest paces of growth.
Price for New Pneumatic Tyres, of Rubber in Luxembourg (CIF) - 2022
The average import price for new pneumatic tyres, of rubbers stood at $58.8 per unit in April 2022, approximately reflecting the previous month. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in February 2022 an increase of 8.8% m-o-m. The import price peaked at $60.0 per unit in April 2021; however, from May 2021 to April 2022, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In April 2022, the country with the highest price was China ($82.9 per unit), while the price for Turkey totaled $39.4 per unit.
From April 2021 to April 2022, the most notable rate of growth in terms of prices was attained by China (+1.8%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of New Pneumatic Tyres, of Rubber in Luxembourg
In 2022, exports of new pneumatic tyres, of rubbers from Luxembourg skyrocketed to 2.6M units, rising by 19% against 2021 figures. The total export volume increased at an average annual rate of +2.4% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, new pneumatic tyres, of rubber exports surged to $691M in 2022. The total export value increased at an average annual rate of +6.0% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of New Pneumatic Tyres, of Rubber in Luxembourg (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 192 | 162 | 182 | 181 | -1.9% |
| Netherlands | 74.9 | 77.7 | 91.7 | 99.8 | 10.0% |
| France | 29.1 | 31.8 | 40.3 | 45.4 | 16.0% |
| Poland | 27.1 | 26.1 | 30.7 | 42.1 | 15.8% |
| Sweden | 25.9 | 26.3 | 30.7 | 36.0 | 11.6% |
| Spain | 17.6 | 19.2 | 22.9 | 30.5 | 20.1% |
| Belgium | 25.4 | 21.7 | 22.1 | 29.8 | 5.5% |
| Turkey | 12.8 | 14.2 | 13.3 | 19.7 | 15.5% |
| Italy | 11.3 | 11.1 | 13.2 | 18.3 | 17.4% |
| Lithuania | 4.9 | 6.9 | 6.9 | 15.3 | 46.2% |
| United Kingdom | 34.1 | 22.1 | 5.9 | 9.8 | -34.0% |
| United Arab Emirates | 3.4 | 2.6 | 3.9 | 4.1 | 6.4% |
| Russia | 24.7 | 13.5 | 11.5 | 4.1 | -45.0% |
| Others | 96.4 | 88.0 | 107 | 155 | 17.2% |
| Total | 579 | 523 | 582 | 691 | 6.1% |
Top Export Markets for New Pneumatic Tyres, of Rubber from Luxembourg in 2022:
- Germany (832.4K units)
- Netherlands (540.5K units)
- Poland (171.7K units)
- France (147.2K units)
- Belgium (132.1K units)
- Spain (108.7K units)
- Italy (65.9K units)
- Sweden (62.6K units)
- Turkey (59.0K units)
- Lithuania (58.3K units)
- United Arab Emirates (42.5K units)
- United Kingdom (18.7K units)
- Russia (14.9K units)
Imports of New Pneumatic Tyres, of Rubber in Luxembourg
In 2022, approx. 1.9M units of new pneumatic tyres, of rubbers were imported into Luxembourg; jumping by 19% compared with the previous year's figure. Overall, imports, however, faced a deep setback. Imports peaked at 2.9M units in 2019; however, from 2020 to 2022, imports remained at a lower figure.
In value terms, new pneumatic tyres, of rubber imports soared to $304M in 2022. Over the period under review, imports showed a relatively flat trend pattern. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of New Pneumatic Tyres, of Rubber in Luxembourg (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 76.0 | 49.5 | 57.3 | 74.1 | -0.8% |
| Belgium | 106 | 63.6 | 71.8 | 66.1 | -14.6% |
| Netherlands | 25.9 | 17.1 | 20.5 | 30.1 | 5.1% |
| Slovakia | 0.9 | 27.3 | 31.9 | 28.6 | 216.7% |
| Poland | 4.0 | 2.9 | 3.6 | 26.5 | 87.8% |
| Turkey | 16.7 | 7.4 | 5.9 | 15.4 | -2.7% |
| Czech Republic | 0.5 | 8.6 | 13.7 | 14.2 | 205.1% |
| Slovenia | 14.8 | 8.8 | 9.2 | 11.9 | -7.0% |
| France | 5.4 | 3.2 | 4.8 | 9.0 | 18.6% |
| Italy | 3.6 | 2.3 | 4.9 | 7.3 | 26.6% |
| Thailand | 0.9 | 1.0 | 3.6 | 2.3 | 36.7% |
| Others | 41.0 | 14.6 | 19.7 | 18.3 | -23.6% |
| Total | 296 | 206 | 247 | 304 | 0.9% |
Top Suppliers of New Pneumatic Tyres, of Rubber to Luxembourg in 2022:
- Belgium (447.9K units)
- Germany (392.3K units)
- Netherlands (295.0K units)
- Poland (195.5K units)
- Slovakia (119.9K units)
- France (70.5K units)
- Turkey (67.6K units)
- Slovenia (64.2K units)
- Czech Republic (62.1K units)
- Thailand (50.8K units)
- Italy (34.4K units)
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