Price for New Pneumatic Tyres, of Rubber in Portugal - 2022

Price for New Pneumatic Tyres, of Rubber in Portugal (FOB) - 2022

In April 2022, the average export price for new pneumatic tyres, of rubbers amounted to $79.4 per unit, rising by 4.2% against the previous month. In general, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in June 2021 when the average export price increased by 5% m-o-m. The export price peaked in April 2022.

Prices varied noticeably by the country of destination: the country with the highest price was Switzerland ($98.0 per unit), while the average price for exports to South Korea ($58.9 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 Mexico (+2.1%), while the prices for the other major destinations experienced more modest paces of growth.

Price for New Pneumatic Tyres, of Rubber in Portugal (CIF) - 2022

In April 2022, the average import price for new pneumatic tyres, of rubbers amounted to $66.8 per unit, which is down by -2.2% against the previous month. Overall, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in September 2021 when the average import price increased by 7.5% against the previous month. The import price peaked at $68.4 per unit in March 2022, and then dropped slightly in the following month.

Prices varied noticeably by the country of origin: the country with the highest price was France ($88.3 per unit), while the price for Poland ($42.1 per unit) was amongst the lowest.

From April 2021 to April 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (+1.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of New Pneumatic Tyres, of Rubber in Portugal

New pneumatic tyres, of rubber exports from Portugal contracted modestly to 19M units in 2022, remaining stable against the previous year. 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 21% against the previous year. As a result, the exports reached the peak of 19M units, leveling off in the following year.

In value terms, new pneumatic tyres, of rubber exports amounted to $1.4B in 2022. The total export value increased at an average annual rate of +8.3% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when exports increased by 34%. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in years to come.

Export of New Pneumatic Tyres, of Rubber in Portugal (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United States	162	182	287	339	27.9%
Germany	230	189	211	222	-1.2%
Spain	152	139	156	153	0.2%
Slovakia	18.2	18.3	31.0	64.2	52.2%
South Korea	26.7	49.6	68.6	63.2	33.3%
France	48.5	32.4	59.1	63.1	9.2%
Belgium	43.7	38.6	53.2	52.5	6.3%
United Kingdom	68.2	45.5	45.2	51.4	-9.0%
Switzerland	37.9	33.2	39.9	47.6	7.9%
Italy	31.0	23.7	33.7	35.3	4.4%
Netherlands	37.0	28.0	34.1	34.8	-2.0%
Czech Republic	22.7	18.9	33.8	31.7	11.8%
Poland	20.7	16.7	24.5	21.6	1.4%
Others	178	144	207	190	2.2%
Total	1,077	958	1,285	1,369	8.3%

Top Export Markets for New Pneumatic Tyres, of Rubber from Portugal in 2022:

Germany (3.3M units)
United States (3.0M units)
Spain (2.6M units)
France (1.3M units)
Slovakia (1.1M units)
South Korea (1.0M units)
Belgium (0.7M units)
Italy (0.6M units)
United Kingdom (0.6M units)
Switzerland (0.6M units)
Netherlands (0.5M units)
Czech Republic (0.5M units)
Poland (0.4M units)

Imports of New Pneumatic Tyres, of Rubber in Portugal

In 2022, approx. 13M units of new pneumatic tyres, of rubbers were imported into Portugal; with an increase of 3.6% compared with the year before. Over the period under review, imports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by 8.9%. Over the period under review, imports attained the maximum at 13M units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, new pneumatic tyres, of rubber imports rose remarkably to $545M in 2022. The total import value increased at an average annual rate of +1.1% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 11% against the previous year. Imports peaked in 2022 and are likely to see steady growth in years to come.

Import of New Pneumatic Tyres, of Rubber in Portugal (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Spain	236	212	207	208	-4.1%
Germany	38.5	29.7	37.8	43.3	4.0%
China	31.3	29.4	34.8	41.8	10.1%
Netherlands	43.5	36.7	36.1	37.1	-5.2%
India	19.2	20.6	37.6	32.0	18.6%
France	20.9	21.4	27.8	25.9	7.4%
Thailand	14.7	15.4	18.1	21.1	12.8%
Japan	13.7	12.2	13.1	19.8	13.1%
Czech Republic	16.2	15.5	16.1	18.9	5.3%
Turkey	7.1	6.7	11.5	13.7	24.5%
Romania	7.1	6.6	10.1	10.3	13.2%
Taiwan (Chinese)	1.3	1.2	2.4	4.4	50.1%
Vietnam	4.0	2.2	1.9	4.3	2.4%
Others	73.8	54.6	61.9	63.9	-4.7%
Total	527	464	516	545	1.1%