Price for New Pneumatic Tyres, of Rubber in the United States - 2022
Contents:
- Price for New Pneumatic Tyres, of Rubber in the United States (CIF) - 2022
- Price for New Pneumatic Tyres, of Rubber in the United States (FOB) - 2022
- Imports of New Pneumatic Tyres, of Rubber in the United States
- Exports of New Pneumatic Tyres, of Rubber in the United States
Price for New Pneumatic Tyres, of Rubber in the United States (CIF) - 2022
The average import price for new pneumatic tyres, of rubbers stood at $63.0 per unit in May 2022, growing by 3.4% against the previous month. In general, the import price recorded a modest increase. The pace of growth was the most pronounced in July 2021 when the average import price increased by 5.3% against the previous month. The import price peaked in May 2022.
Prices varied noticeably by the country of origin: the country with the highest price was India ($147 per unit), while the price for Taiwan (Chinese) ($28.9 per unit) was amongst the lowest.
From May 2021 to May 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+2.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for New Pneumatic Tyres, of Rubber in the United States (FOB) - 2022
In May 2022, the average export price for new pneumatic tyres, of rubbers amounted to $148 per unit, standing approximately at the previous month. Over the period under review, the export price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in April 2022 when the average export price increased by 5.4% against the previous month. The export price peaked at $165 per unit in November 2021; however, from December 2021 to May 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major external markets. In May 2022, the country with the highest price was Australia ($970 per unit), while the average price for exports to South Korea ($81.1 per unit) was amongst the lowest.
From May 2021 to May 2022, the most notable rate of growth in terms of prices was recorded for supplies to Australia (+5.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of New Pneumatic Tyres, of Rubber in the United States
In 2022, approx. 255M units of new pneumatic tyres, of rubbers were imported into the United States; reducing by -6.4% against 2021 figures. The total import volume increased at an average annual rate of +1.1% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when imports increased by 15%. As a result, imports reached the peak of 273M units, and then contracted in the following year.
In value terms, new pneumatic tyres, of rubber imports reduced to $14.4B in 2022. Over the period under review, imports recorded a pronounced shrinkage. The growth pace was the most rapid in 2021 when imports increased by 19%. As a result, imports reached the peak of $15.6B, and then fell in the following year.
| Import of New Pneumatic Tyres, of Rubber in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 2,985 | 2,783 | 3,019 | 2,659 | -3.8% |
| Mexico | 1,064 | 1,025 | 1,518 | 1,359 | 8.5% |
| Japan | 1,323 | 1,026 | 1,162 | 1,277 | -1.2% |
| Canada | 1,586 | 1,285 | 1,651 | 1,180 | -9.4% |
| Vietnam | 665 | 740 | 913 | 948 | 12.5% |
| China | 1,267 | 952 | 1,162 | 940 | -9.5% |
| South Korea | 1,441 | 1,145 | 964 | 861 | -15.8% |
| Indonesia | 701 | 632 | 799 | 801 | 4.5% |
| India | 334 | 299 | 461 | 543 | 17.6% |
| Brazil | 435 | 291 | 397 | 333 | -8.5% |
| Chile | 314 | 218 | 321 | 283 | -3.4% |
| Taiwan (Chinese) | 509 | 559 | 340 | 244 | -21.7% |
| Philippines | 183 | 132 | 196 | 209 | 4.5% |
| Others | 2,670 | 2,092 | 2,721 | 2,763 | 1.1% |
| Total | 15,476 | 13,178 | 15,623 | 14,401 | -2.4% |
Top Suppliers of New Pneumatic Tyres, of Rubber to the United States in 2022:
- Thailand (47.9M units)
- China (34.9M units)
- Mexico (22.0M units)
- Vietnam (19.9M units)
- Indonesia (19.6M units)
- South Korea (16.9M units)
- Canada (15.3M units)
- Japan (14.4M units)
- Taiwan (Chinese) (10.4M units)
- Chile (5.8M units)
- Philippines (5.4M units)
- Brazil (4.7M units)
- India (4.3M units)
Exports of New Pneumatic Tyres, of Rubber in the United States
In 2022, the amount of new pneumatic tyres, of rubbers exported from the United States shrank to 30M units, approximately equating the previous year. Over the period under review, exports recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2021 when exports increased by 3.2%. The exports peaked at 39M units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, new pneumatic tyres, of rubber exports shrank to $4.3B in 2022. In general, exports saw a deep downturn. The pace of growth appeared the most rapid in 2021 with an increase of 13%. The exports peaked at $5B in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
| Export of New Pneumatic Tyres, of Rubber in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 1,677 | 1,359 | 1,618 | 1,454 | -4.6% |
| Mexico | 1,567 | 1,145 | 1,313 | 1,373 | -4.3% |
| Australia | 353 | 344 | 331 | 308 | -4.4% |
| Germany | 167 | 123 | 172 | 144 | -4.8% |
| South Korea | 63.8 | 70.0 | 54.8 | 43.6 | -11.9% |
| Others | 1,147 | 958 | 1,023 | 933 | -6.7% |
| Total | 4,975 | 3,998 | 4,512 | 4,255 | -5.1% |
Top Export Markets for New Pneumatic Tyres, of Rubber from the United States in 2022:
- Canada (13.9M units)
- Mexico (10.6M units)
- Germany (1.4M units)
- South Korea (0.6M units)
- Australia (0.4M units)
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