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

Contents:

1. Price for New Pneumatic Tyres, of Rubber in Spain (FOB) - 2022
2. Price for New Pneumatic Tyres, of Rubber in Spain (CIF) - 2022
3. Exports of New Pneumatic Tyres, of Rubber in Spain
4. Imports of New Pneumatic Tyres, of Rubber in Spain

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

The average export price for new pneumatic tyres, of rubbers stood at $59.4 per unit in April 2022, picking up by 2.9% against the previous month. Over the period from April 2021 to April 2022, it increased at an average monthly rate of +1.2%. The most prominent rate of growth was recorded in March 2022 when the average export price increased by 4.9% against the previous month. Over the period under review, the average export prices hit record highs in April 2022.

There were significant differences in the average prices for the major export markets. In April 2022, the country with the highest price was Portugal ($86.4 per unit), while the average price for exports to Belgium ($47.3 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 Portugal (+2.0%), while the prices for the other major destinations experienced more modest paces of growth.

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

In April 2022, the average import price for new pneumatic tyres, of rubbers amounted to $62.6 per unit, rising by 1.5% against the previous month. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in February 2022 an increase of 6.3% against the previous month. Over the period under review, average import prices attained the maximum in April 2022.

There were significant differences in the average prices amongst the major supplying countries. In April 2022, the country with the highest price was France ($78.8 per unit), while the price for India ($47.2 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 Romania (+1.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of New Pneumatic Tyres, of Rubber in Spain

New pneumatic tyres, of rubber exports from Spain declined to 34M units in 2022, with a decrease of -7.1% against the year before. Overall, exports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 22% against the previous year. As a result, the exports reached the peak of 36M units, and then fell in the following year.

In value terms, new pneumatic tyres, of rubber exports expanded sharply to $2.8B in 2022. In general, exports showed a noticeable reduction. The growth pace was the most rapid in 2021 with an increase of 19% against the previous year. The exports peaked at $3B in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

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

1. France (9.2M units)
2. Germany (4.7M units)
3. Portugal (3.6M units)
4. Italy (2.4M units)
5. United Kingdom (1.6M units)
6. Czech Republic (1.1M units)
7. Belgium (1.0M units)
8. Turkey (0.9M units)
9. United States (0.8M units)
10. Poland (0.8M units)
11. Slovakia (0.8M units)
12. Netherlands (0.6M units)
13. Morocco (0.6M units)

Imports of New Pneumatic Tyres, of Rubber in Spain

In 2022, approx. 39M units of new pneumatic tyres, of rubbers were imported into Spain; stabilizing at 2021. In general, imports recorded a slight expansion. The pace of growth was the most pronounced in 2021 when imports increased by 19% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, new pneumatic tyres, of rubber imports expanded notably to $2B in 2022. The total import value increased at an average annual rate of +5.7% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 27% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in years to come.

Top Suppliers of New Pneumatic Tyres, of Rubber to Spain in 2022:

1. China (8.5M units)
2. Germany (3.4M units)
3. Thailand (2.8M units)
4. Poland (2.7M units)
5. Serbia (2.5M units)
6. Italy (2.4M units)
7. France (1.8M units)
8. Czech Republic (1.3M units)
9. Turkey (1.2M units)
10. Portugal (1.2M units)
11. Romania (1.2M units)
12. Taiwan (Chinese) (1.2M units)
13. Slovenia (1.2M units)

Source: IndexBox Market Intelligence Platform