Price for New Pneumatic Tyres, of Rubber in Singapore - 2021
Contents:
- Price for New Pneumatic Tyres, of Rubber in Singapore (CIF) - 2021
- Price for New Pneumatic Tyres, of Rubber in Singapore (FOB) - 2022
- Imports of New Pneumatic Tyres, of Rubber in Singapore
- Exports of New Pneumatic Tyres, of Rubber in Singapore
Price for New Pneumatic Tyres, of Rubber in Singapore (CIF) - 2021
The average import price for new pneumatic tyres, of rubbers stood at $58.3 per unit in December 2020, remaining constant against the previous month. Over the period under review, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in August 2020 an increase of 8.2% month-to-month. The import price peaked at $61.8 per unit in September 2020; however, from October 2020 to December 2020, import prices failed to regain momentum.
Average prices varied somewhat amongst the major supplying countries. In December 2020, the countries with the highest prices were Indonesia ($67.6 per unit) and Malaysia ($64.2 per unit), while the price for India ($45.3 per unit) and Slovakia ($47.7 per unit) were amongst the lowest.
From January 2020 to December 2020, the most notable rate of growth in terms of prices was attained by Indonesia (+1.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for New Pneumatic Tyres, of Rubber in Singapore (FOB) - 2022
The average export price for new pneumatic tyres, of rubbers stood at $87 per unit in 2022, declining by -22.1% against the previous year. Overall, the export price continues to indicate a abrupt curtailment. The growth pace was the most rapid in 2018 an increase of 17% against the previous year. Over the period under review, the average export prices attained the peak figure at $167 per unit in 2013; however, from 2014 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 Taiwan (Chinese) ($185 per unit), while the average price for exports to Myanmar ($18 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 Malaysia (+4.5%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of New Pneumatic Tyres, of Rubber in Singapore
In 2022, imports of new pneumatic tyres, of rubbers into Singapore skyrocketed to 3.3M units, jumping by 90% on 2021 figures. Overall, imports, however, showed a noticeable contraction. Over the period under review, imports hit record highs at 3.6M units in 2019; however, from 2020 to 2022, imports remained at a lower figure.
In value terms, new pneumatic tyres, of rubber imports skyrocketed to $262M in 2022. Over the period under review, imports, however, showed a relatively flat trend pattern. Over the period under review, imports reached the peak figure at $267M in 2019; however, from 2020 to 2022, imports remained at a lower figure.
| Import of New Pneumatic Tyres, of Rubber in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 49.1 | 22.7 | 28.8 | 50.5 | 0.9% |
| China | 53.1 | 23.3 | 25.5 | 49.1 | -2.6% |
| Thailand | 16.9 | 11.6 | 14.9 | 30.6 | 21.9% |
| Germany | 25.3 | 13.1 | 11.9 | 19.6 | -8.2% |
| Romania | 7.6 | 4.6 | 4.4 | 14.5 | 24.0% |
| Netherlands | 8.4 | 4.8 | 4.6 | 10.1 | 6.3% |
| South Korea | 7.8 | 2.9 | 3.7 | 8.1 | 1.3% |
| Indonesia | 7.1 | 2.8 | 3.2 | 6.6 | -2.4% |
| Italy | 4.3 | 2.5 | 2.7 | 5.5 | 8.6% |
| Malaysia | 2.4 | 1.7 | 1.9 | 2.8 | 5.3% |
| Poland | 3.9 | 2.2 | 1.6 | 1.4 | -28.9% |
| Others | 81.2 | 34.1 | 25.9 | 63.2 | -8.0% |
| Total | 267 | 126 | 129 | 262 | -0.6% |
Top Suppliers of New Pneumatic Tyres, of Rubber to Singapore in 2022:
- China (936.9K units)
- Japan (667.3K units)
- Thailand (435.4K units)
- Germany (242.5K units)
- Indonesia (174.6K units)
- Romania (144.3K units)
- South Korea (128.3K units)
- Netherlands (75.3K units)
- Malaysia (58.4K units)
- Italy (53.2K units)
- Poland (14.1K units)
Exports of New Pneumatic Tyres, of Rubber in Singapore
In 2022, overseas shipments of new pneumatic tyres, of rubbers were finally on the rise to reach 1.8M units after two years of decline. The total export volume increased at an average annual rate of +1.2% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded 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 expanded modestly to $154M in 2022. In general, exports, however, saw a abrupt shrinkage. Over the period under review, the exports attained the maximum at $192M in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
| Export of New Pneumatic Tyres, of Rubber in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 9.3 | 12.8 | 14.7 | 30.6 | 48.7% |
| Indonesia | 52.0 | 40.9 | 27.7 | 23.7 | -23.0% |
| Netherlands | 40.6 | 36.0 | 26.0 | 20.7 | -20.1% |
| China | 15.6 | 8.4 | 7.0 | 13.8 | -4.0% |
| United Arab Emirates | N/A | N/A | N/A | 12.8 | 0% |
| Taiwan (Chinese) | 4.3 | 5.4 | 8.3 | 7.5 | 20.4% |
| Australia | 4.8 | 3.9 | 4.9 | 5.6 | 5.3% |
| Hong Kong SAR | 8.0 | 10.2 | 11.4 | 4.6 | -16.8% |
| Thailand | 3.1 | 1.8 | 2.9 | 4.2 | 10.7% |
| Pakistan | 2.1 | 2.0 | 2.4 | 2.1 | 0.0% |
| Germany | 7.6 | 3.5 | 3.1 | 2.0 | -35.9% |
| Bangladesh | 1.3 | 1.5 | 1.5 | 1.7 | 9.4% |
| Myanmar | N/A | N/A | N/A | 1.7 | 0% |
| Others | 43.1 | 39.1 | 40.9 | 23.1 | -18.8% |
| Total | 192 | 166 | 151 | 154 | -7.1% |
Top Export Markets for New Pneumatic Tyres, of Rubber from Singapore in 2022:
- United Arab Emirates (501.3K units)
- Netherlands (274.2K units)
- Malaysia (231.6K units)
- Indonesia (143.8K units)
- China (100.7K units)
- Myanmar (91.2K units)
- Thailand (40.6K units)
- Taiwan (Chinese) (40.4K units)
- Hong Kong SAR (37.6K units)
- Australia (36.5K units)
- Pakistan (33.3K units)
- Bangladesh (30.5K units)
- Germany (20.1K units)
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