Price for New Pneumatic Tyres, of Rubber in Pakistan - 2022
Contents:
- Price for New Pneumatic Tyres, of Rubber in Pakistan (CIF) - 2022
- Price for New Pneumatic Tyres, of Rubber in Pakistan (FOB) - 2022
- Imports of New Pneumatic Tyres, of Rubber in Pakistan
- Exports of New Pneumatic Tyres, of Rubber in Pakistan
Price for New Pneumatic Tyres, of Rubber in Pakistan (CIF) - 2022
The average import price for new pneumatic tyres, of rubbers stood at $60 per unit in 2022, which is down by -3.8% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the average import price increased by 46%. As a result, import price attained the peak level of $91 per unit. From 2014 to 2022, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($92 per unit), while the price for Indonesia ($36 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 (+17.5%), while the prices for the other major suppliers experienced a decline.
Price for New Pneumatic Tyres, of Rubber in Pakistan (FOB) - 2022
In 2022, the average export price for new pneumatic tyres, of rubbers amounted to $12 per unit, rising by 11% against the previous year. In general, the export price, however, faced a drastic downturn. The growth pace was the most rapid in 2016 when the average export price increased by 21%. The export price peaked at $68 per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Colombia ($28 per unit), while the average price for exports to Turkey ($7.7 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 Colombia (-5.6%), while the prices for the other major destinations experienced a decline.
Imports of New Pneumatic Tyres, of Rubber in Pakistan
New pneumatic tyres, of rubber imports into Pakistan soared to 3.4M units in 2022, growing by 36% against 2021. In general, imports continue to indicate prominent growth. The growth pace was the most rapid in 2020 when imports increased by 92% against the previous year. As a result, imports reached the peak of 4.3M units. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, new pneumatic tyres, of rubber imports surged to $206M in 2022. Overall, imports enjoyed significant growth. The pace of growth was the most pronounced in 2020 with an increase of 150% against the previous year. As a result, imports reached the peak of $255M. From 2021 to 2022, the growth of imports failed to regain momentum.
| Import of New Pneumatic Tyres, of Rubber in Pakistan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 44.1 | 169 | 96.2 | 125 | 41.5% |
| United Arab Emirates | 22.2 | 42.8 | 26.3 | 34.2 | 15.5% |
| Thailand | 9.6 | 14.5 | 11.9 | 15.4 | 17.1% |
| Japan | 4.4 | 6.9 | 5.7 | 7.5 | 19.5% |
| India | 8.2 | 0.2 | 4.9 | 6.4 | -7.9% |
| Indonesia | 2.0 | 3.3 | 2.5 | 3.2 | 17.0% |
| Others | 11.5 | 18.4 | 10.0 | 14.2 | 7.3% |
| Total | 102 | 255 | 158 | 206 | 26.4% |
Top Suppliers of New Pneumatic Tyres, of Rubber to Pakistan in 2022:
- China (2269.2K units)
- United Arab Emirates (423.0K units)
- Thailand (206.7K units)
- Japan (132.9K units)
- Indonesia (90.9K units)
- India (69.4K units)
Exports of New Pneumatic Tyres, of Rubber in Pakistan
In 2022, after three years of growth, there was significant decline in overseas shipments of new pneumatic tyres, of rubbers, when their volume decreased by -26.8% to 1.4M units. Overall, exports, however, saw significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 164% against the previous year. As a result, the exports reached the peak of 2M units, and then reduced sharply in the following year.
In value terms, new pneumatic tyres, of rubber exports fell significantly to $17M in 2022. Over the period under review, exports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 60% against the previous year. As a result, the exports attained the peak of $21M, and then contracted dramatically in the following year.
| Export of New Pneumatic Tyres, of Rubber in Pakistan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 1.5 | 2.4 | 5.3 | 4.4 | 43.1% |
| Brazil | 1.0 | 1.4 | 4.2 | 3.5 | 51.8% |
| Afghanistan | 3.7 | 4.9 | 3.3 | 3.1 | -5.7% |
| Egypt | 1.3 | 1.9 | 3.8 | 3.1 | 33.6% |
| Colombia | 0.2 | 0.3 | 0.8 | 0.6 | 44.2% |
| Iraq | N/A | 0.1 | 0.7 | 0.5 | 123.6% |
| Lebanon | 0.1 | N/A | 0.4 | 0.3 | 44.2% |
| Others | 1.9 | 2.1 | 2.4 | 1.5 | -7.6% |
| Total | 9.7 | 13.1 | 20.9 | 17.0 | 20.6% |
Top Export Markets for New Pneumatic Tyres, of Rubber from Pakistan in 2022:
- Turkey (569.7K units)
- Brazil (431.5K units)
- Afghanistan (131.5K units)
- Egypt (112.4K units)
- Iraq (56.1K units)
- Lebanon (39.7K units)
- Colombia (22.1K units)
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