Price for New Pneumatic Tyres, of Rubber in Mexico - 2023
Contents:
- Price for New Pneumatic Tyres, of Rubber in Mexico (CIF) - 2022
- Price for New Pneumatic Tyres, of Rubber in Mexico (FOB) - 2022
- Imports of New Pneumatic Tyres, of Rubber in Mexico
- Exports of New Pneumatic Tyres, of Rubber in Mexico
Price for New Pneumatic Tyres, of Rubber in Mexico (CIF) - 2022
The average import price for new pneumatic tyres, of rubbers stood at $349 per unit in 2022, increasing by 13% against the previous year. Overall, the import price enjoyed buoyant growth. The most prominent rate of growth was recorded in 2015 when the average import price increased by 73% against the previous year. The import price peaked in 2022 and is expected to retain growth in years to come.
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 Japan ($1,662 per unit), while the price for Vietnam ($47 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 States (+28.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for New Pneumatic Tyres, of Rubber in Mexico (FOB) - 2022
In 2022, the average export price for new pneumatic tyres, of rubbers amounted to $95 per unit, rising by 3.9% against the previous year. Over the last decade, it increased at an average annual rate of +4.1%. The pace of growth was the most pronounced in 2015 an increase of 4.5%. The export price peaked in 2022 and is likely to see gradual growth in the immediate term.
Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Canada ($123 per unit), while the average price for exports to Brazil ($91 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 Canada (+7.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of New Pneumatic Tyres, of Rubber in Mexico
In 2022, the amount of new pneumatic tyres, of rubbers imported into Mexico amounted to 12M units, picking up by 8.2% compared with the previous year's figure. Overall, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 43%. Imports peaked in 2022 and are likely to see gradual growth in years to come.
In value terms, new pneumatic tyres, of rubber imports surged to $4.1B in 2022. In general, total imports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +9.5% 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 +66.9% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 37% against the previous year. Imports peaked in 2022 and are likely to continue growth in years to come.
Import of New Pneumatic Tyres, of Rubber in Mexico (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 1,338 | 974 | 1,111 | 1,419 | 2.0% |
China | 692 | 674 | 1,134 | 1,306 | 23.6% |
South Korea | 242 | 173 | 199 | 237 | -0.7% |
Canada | 180 | 138 | 184 | 208 | 4.9% |
Brazil | 125 | 101 | 146 | 199 | 16.8% |
Thailand | 102 | 71.0 | 107 | 113 | 3.5% |
Indonesia | 22.9 | 36.1 | 54.3 | 70.3 | 45.3% |
Poland | 13.2 | 15.9 | 23.3 | 31.2 | 33.2% |
Vietnam | 5.8 | 17.3 | 42.0 | 27.8 | 68.6% |
Others | 443 | 284 | 395 | 537 | 6.6% |
Total | 3,164 | 2,486 | 3,397 | 4,148 | 9.4% |
Top Suppliers of New Pneumatic Tyres, of Rubber to Mexico in 2022:
- China (5.4M units)
- Thailand (1.5M units)
- United States (0.9M units)
- Indonesia (0.6M units)
- Vietnam (0.6M units)
- South Korea (0.6M units)
- Brazil (0.5M units)
- Poland (0.4M units)
- Canada (0.2M units)
Exports of New Pneumatic Tyres, of Rubber in Mexico
New pneumatic tyres, of rubber exports from Mexico was estimated at 19M units in 2022, with an increase of 11% against 2021 figures. The total export volume increased at an average annual rate of +11.3% 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 when exports increased by 28%. The exports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, new pneumatic tyres, of rubber exports skyrocketed to $1.8B in 2022. Overall, total exports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +16.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +56.3% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 34% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are likely to see steady growth in the near future.
Export of New Pneumatic Tyres, of Rubber in Mexico (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 994 | 990 | 1,399 | 1,622 | 17.7% |
Canada | 19.9 | 19.5 | 32.7 | 43.9 | 30.2% |
Brazil | 36.3 | 13.6 | 23.0 | 25.6 | -11.0% |
South Korea | 26.5 | 25.7 | 6.3 | 6.7 | -36.8% |
Others | 97.3 | 137 | 126 | 137 | 12.1% |
Total | 1,174 | 1,187 | 1,587 | 1,835 | 16.1% |
Top Export Markets for New Pneumatic Tyres, of Rubber from Mexico in 2022:
- United States (17.7M units)
- Canada (0.4M units)
- Brazil (0.3M units)
- South Korea (0.1M 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.
Explore the top import markets for agricultural, construction, and industrial machinery tyres in 2023. Find out which countries are leading the way in importing high-quality tyres for various sectors.
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