Price for New Pneumatic Tyres, of Rubber in Sri Lanka - 2021
Contents:
- Price for New Pneumatic Tyres, of Rubber in Sri Lanka (FOB) - 2022
- Price for New Pneumatic Tyres, of Rubber in Sri Lanka (CIF) - 2022
- Exports of New Pneumatic Tyres, of Rubber in Sri Lanka
- Imports of New Pneumatic Tyres, of Rubber in Sri Lanka
Price for New Pneumatic Tyres, of Rubber in Sri Lanka (FOB) - 2022
In 2022, the average export price for new pneumatic tyres, of rubbers amounted to $21 per unit, increasing by 1.9% against the previous year. Over the period under review, the export price, however, continues to indicate a mild setback. The growth pace was the most rapid in 2016 an increase of 24%. The export price peaked at $27 per unit in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($86 per unit), while the average price for exports to Brazil ($2.4 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 Latvia (+7.6%), while the prices for the other major destinations experienced more modest paces of growth.
Price for New Pneumatic Tyres, of Rubber in Sri Lanka (CIF) - 2022
The average import price for new pneumatic tyres, of rubbers stood at $52 per unit in 2022, jumping by 28% against the previous year. Overall, the import price recorded a moderate expansion. The most prominent rate of growth was recorded in 2018 an increase of 45% against the previous year. The import price peaked at $63 per unit in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($66 per unit), while the price for Pakistan ($7.3 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 (+27.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of New Pneumatic Tyres, of Rubber in Sri Lanka
In 2022, approx. 8.4M units of new pneumatic tyres, of rubbers were exported from Sri Lanka; which is down by -17% against the previous year's figure. In general, exports showed a deep setback. The growth pace was the most rapid in 2021 with an increase of 38%. Over the period under review, the exports reached the maximum at 12M units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
In value terms, new pneumatic tyres, of rubber exports fell notably to $176M in 2022. Overall, exports showed a deep reduction. The growth pace was the most rapid in 2021 when exports increased by 29% against the previous year. The exports peaked at $263M in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
| Export of New Pneumatic Tyres, of Rubber in Sri Lanka (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 67.7 | 35.8 | 48.1 | 49.4 | -10.0% |
| Germany | 13.6 | 8.6 | 11.6 | 10.6 | -8.0% |
| France | 10.2 | 7.5 | 11.8 | 9.4 | -2.7% |
| Tanzania | 2.0 | 1.2 | 1.4 | 8.4 | 61.3% |
| Brazil | 6.0 | 3.8 | 6.7 | 7.4 | 7.2% |
| Italy | 6.9 | 3.9 | 6.1 | 7.2 | 1.4% |
| Latvia | 4.5 | 3.1 | 4.0 | 6.6 | 13.6% |
| United Kingdom | 6.3 | 5.1 | 4.9 | 5.3 | -5.6% |
| Mexico | 6.3 | 3.3 | 3.2 | 4.8 | -8.7% |
| India | 6.4 | 2.7 | 3.6 | 4.5 | -11.1% |
| Belgium | 4.0 | 2.3 | 1.8 | 3.0 | -9.1% |
| Philippines | 1.2 | 0.5 | 0.6 | 2.8 | 32.6% |
| Netherlands | 0.4 | 0.3 | 0.6 | 1.8 | 65.1% |
| Others | 128 | 82.2 | 103 | 54.7 | -24.7% |
| Total | 263 | 160 | 208 | 176 | -12.5% |
Top Export Markets for New Pneumatic Tyres, of Rubber from Sri Lanka in 2022:
- Brazil (3125.0K units)
- Italy (793.2K units)
- United States (574.0K units)
- Germany (544.8K units)
- Netherlands (373.5K units)
- Belgium (284.5K units)
- Latvia (256.0K units)
- Philippines (225.9K units)
- India (197.3K units)
- United Kingdom (161.7K units)
- Mexico (157.1K units)
- Tanzania (147.7K units)
- France (140.9K units)
Imports of New Pneumatic Tyres, of Rubber in Sri Lanka
In 2022, the amount of new pneumatic tyres, of rubbers imported into Sri Lanka fell significantly to 681K units, which is down by -64.6% against 2021. Overall, imports showed a abrupt slump. The growth pace was the most rapid in 2021 when imports increased by 525% against the previous year. As a result, imports attained the peak of 1.9M units, and then shrank markedly in the following year.
In value terms, new pneumatic tyres, of rubber imports shrank dramatically to $35M in 2022. Over the period under review, imports continue to indicate a abrupt descent. The most prominent rate of growth was recorded in 2021 with an increase of 363% against the previous year. As a result, imports attained the peak of $78M, and then shrank sharply in the following year.
| Import of New Pneumatic Tyres, of Rubber in Sri Lanka (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 19.1 | 6.3 | 26.7 | 17.1 | -3.6% |
| India | 12.9 | 2.9 | 14.2 | 6.7 | -19.6% |
| Thailand | 4.7 | 1.4 | 6.4 | 4.0 | -5.2% |
| Taiwan (Chinese) | 4.2 | 1.1 | 4.8 | 2.8 | -12.6% |
| Japan | 2.2 | 1.0 | 2.9 | 1.0 | -23.1% |
| Indonesia | 3.3 | 1.2 | 3.3 | 0.9 | -35.2% |
| South Korea | 1.4 | 0.6 | 1.4 | 0.5 | -29.1% |
| Pakistan | 0.1 | N/A | N/A | 0.2 | 26.0% |
| Others | 6.9 | 2.3 | 18.0 | 2.0 | -33.8% |
| Total | 54.8 | 16.8 | 77.6 | 35.1 | -13.8% |
Top Suppliers of New Pneumatic Tyres, of Rubber to Sri Lanka in 2022:
- China (261.8K units)
- India (150.4K units)
- Taiwan (Chinese) (84.1K units)
- Thailand (63.9K units)
- Indonesia (35.9K units)
- Pakistan (26.3K units)
- Japan (15.4K units)
- South Korea (11.5K units)
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