Price for New Pneumatic Tyres, of Rubber in Saudi Arabia - 2021
Contents:
- Price for New Pneumatic Tyres, of Rubber in Saudi Arabia (FOB) - 2022
- Exports of New Pneumatic Tyres, of Rubber in Saudi Arabia
Price for New Pneumatic Tyres, of Rubber in Saudi Arabia (FOB) - 2022
In 2022, the average export price for new pneumatic tyres, of rubbers amounted to $104 per unit, surging by 27% against the previous year. Over the period under review, the export price, however, showed a drastic downturn. The most prominent rate of growth was recorded in 2020 an increase of 45%. Over the period under review, the average export prices hit record highs at $277 per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Djibouti ($217 per unit), while the average price for exports to Egypt amounted to $102 per unit.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Jordan (+6.4%), while the prices for the other major destinations experienced a decline.
Exports of New Pneumatic Tyres, of Rubber in Saudi Arabia
In 2022, approx. 153K units of new pneumatic tyres, of rubbers were exported from Saudi Arabia; declining by -20.2% compared with 2021 figures. In general, total exports indicated a tangible expansion from 2019 to 2022: its volume increased at an average annual rate of +2.8% 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 +32.4% against 2020 indices. The pace of growth was the most pronounced in 2021 when exports increased by 66%. As a result, the exports reached the peak of 192K units, and then fell notably in the following year.
In value terms, new pneumatic tyres, of rubber exports amounted to $16M in 2022. The total export value increased at an average annual rate of +5.5% from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 when exports increased by 19%. As a result, the exports reached the peak of $16M. From 2021 to 2022, the growth of the exports failed to regain momentum.
| Export of New Pneumatic Tyres, of Rubber in Saudi Arabia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Egypt | 10.6 | 0.4 | 2.2 | 15.2 | 12.8% |
| Djibouti | 2.8 | N/A | 0.1 | 0.7 | -37.0% |
| Belgium | N/A | 0.3 | 0.9 | N/A | 200.0% |
| Jordan | N/A | 1.7 | 0.2 | N/A | -88.2% |
| United Arab Emirates | N/A | 3.0 | 1.9 | N/A | -36.7% |
| Yemen | N/A | 2.2 | 2.8 | N/A | 27.3% |
| Bahrain | N/A | 0.5 | 0.5 | N/A | 0.0% |
| Others | 0.2 | 7.9 | 7.3 | N/A | 504.2% |
| Total | 13.6 | 16.1 | 15.8 | 16.0 | 5.6% |
Top Export Markets for New Pneumatic Tyres, of Rubber from Saudi Arabia in 2022:
- Egypt (150.1K units)
- Djibouti (3.3K units)
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