Price for Rubber; Inner Tubes, of A Kind Used On Bicycles in Pakistan - 2023
Contents:
- Price for Rubber; Inner Tubes, of A Kind Used On Bicycles in Pakistan (FOB) - 2023
- Price for Rubber; Inner Tubes, of A Kind Used On Bicycles in Pakistan (CIF) - 2022
- Exports of Rubber; Inner Tubes, of A Kind Used On Bicycles in Pakistan
- Imports of Rubber; Inner Tubes, of A Kind Used On Bicycles in Pakistan
Price for Rubber; Inner Tubes, of A Kind Used On Bicycles in Pakistan (FOB) - 2023
In July 2023, the average export price for rubber; inner tubes, of a kind used on bicycleses amounted to $706 per thousand units, approximately mirroring the previous month. Over the period under review, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in October 2022 an increase of 30% month-to-month. As a result, the export price reached the peak level of $0.9 per unit. From November 2022 to July 2023, the the average export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Iraq ($1.0 per unit), while the average price for exports to Turkey ($580 per thousand units) was amongst the lowest.
From August 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Iraq (+4.6%), while the prices for the other major destinations experienced mixed trend patterns.
Price for Rubber; Inner Tubes, of A Kind Used On Bicycles in Pakistan (CIF) - 2022
In 2022, the average import price for rubber; inner tubes, of a kind used on bicycleses amounted to $1.2 per unit, which is down by -18.7% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the average import price increased by 40%. The import price peaked at $2.5 per unit in 2015; however, from 2016 to 2022, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Indonesia ($1.5 per unit), while the price for Taiwan (Chinese) ($0.6 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+4.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Rubber; Inner Tubes, of A Kind Used On Bicycles in Pakistan
In 2022, after three years of growth, there was significant decline in shipments abroad of rubber; inner tubes, of a kind used on bicycleses, when their volume decreased by -52.9% to 1.7M units. Over the period under review, exports, however, continue to indicate significant growth. The pace of growth was the most pronounced in 2021 when exports increased by 145% against the previous year. As a result, the exports reached the peak of 3.7M units, and then dropped sharply in the following year.
In value terms, exports of rubber; inner tubes, of a kind used on bicycleses dropped dramatically to $1.2M in 2022. In general, exports, however, posted a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 160% against the previous year. As a result, the exports reached the peak of $2.3M, and then shrank rapidly in the following year.
| Export of Rubber; Inner Tubes, of A Kind Used On Bicycles in Pakistan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 499 | 631 | 1,734 | 632 | 8.2% |
| Iraq | N/A | 52.6 | 257 | 212 | 100.8% |
| United Arab Emirates | 122 | 142 | 62.5 | 169 | 11.5% |
| Afghanistan | 20.1 | 40.6 | 6.0 | 90.5 | 65.1% |
| Jordan | 17.8 | 8.5 | 29.7 | 19.8 | 3.6% |
| Lebanon | N/A | N/A | 131 | 3.7 | -97.2% |
| Others | 28.3 | 25.5 | 124 | 69.6 | 35.0% |
| Total | 687 | 900 | 2,344 | 1,196 | 20.3% |
Top Export Markets for Rubber; Inner Tubes, of A Kind Used On Bicycles from Pakistan in 2022:
- Turkey (1012.5K units)
- Iraq (304.8K units)
- United Arab Emirates (201.3K units)
- Afghanistan (114.0K units)
- Jordan (25.4K units)
- Lebanon (6.3K units)
Imports of Rubber; Inner Tubes, of A Kind Used On Bicycles in Pakistan
In 2022, approx. 36K units of rubber; inner tubes, of a kind used on bicycleses were imported into Pakistan; jumping by 55% on the year before. In general, imports posted resilient growth. The pace of growth was the most pronounced in 2021 with an increase of 274%. Over the period under review, imports of reached the maximum in 2022 and are likely to see gradual growth in years to come.
In value terms, imports of rubber; inner tubes, of a kind used on bicycleses skyrocketed to $42K in 2022. Overall, imports posted a perceptible increase. The growth pace was the most rapid in 2021 with an increase of 424% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.
| Import of Rubber; Inner Tubes, of A Kind Used On Bicycles in Pakistan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 6.4 | 5.2 | 6.8 | 26.9 | 61.4% |
| Indonesia | 6.0 | 1.0 | 21.1 | 14.6 | 34.5% |
| Taiwan (Chinese) | 0.5 | 0.2 | 0.6 | 0.6 | 6.3% |
| Sri Lanka | N/A | N/A | 4.6 | N/A | 0% |
| India | 26.4 | N/A | N/A | N/A | 0% |
| Others | 0.4 | 0.1 | 0.4 | 0.1 | -37.0% |
| Total | 39.7 | 6.4 | 33.4 | 42.2 | 2.1% |
Top Suppliers of Rubber; Inner Tubes, of A Kind Used On Bicycles to Pakistan in 2022:
- China (24.9K units)
- Indonesia (9.6K units)
- Taiwan (Chinese) (0.9K units)
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