Price for Rubber; Inner Tubes, of A Kind Used On Bicycles in South Korea - 2022
Contents:
- Price for Rubber; Inner Tubes, of A Kind Used On Bicycles in South Korea (CIF) - 2022
- Price for Rubber; Inner Tubes, of A Kind Used On Bicycles in South Korea (FOB) - 2022
- Imports of Rubber; Inner Tubes, of A Kind Used On Bicycles in South Korea
- Exports of Rubber; Inner Tubes, of A Kind Used On Bicycles in South Korea
Price for Rubber; Inner Tubes, of A Kind Used On Bicycles in South Korea (CIF) - 2022
The average import price for rubber; inner tubes, of a kind used on bicycleses stood at $1.4 per unit in 2022, increasing by 17% against the previous year. Over the last decade, it increased at an average annual rate of +1.2%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Vietnam ($1.4 per unit) and Thailand ($1.4 per unit), while the price for Indonesia ($1.2 per unit) and China ($1.4 per unit) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+2.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Rubber; Inner Tubes, of A Kind Used On Bicycles in South Korea (FOB) - 2022
The average export price for rubber; inner tubes, of a kind used on bicycleses stood at $1.6 per unit in 2022, surging by 36% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.9%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Egypt ($15 per unit), while the average price for exports to the Philippines ($0.5 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 Sudan (+53.6%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Rubber; Inner Tubes, of A Kind Used On Bicycles in South Korea
In 2022, overseas purchases of rubber; inner tubes, of a kind used on bicycleses decreased by -8.2% to 2.3M units, falling for the second consecutive year after two years of growth. Overall, total imports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +9.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -16.2% against 2020 indices. The pace of growth was the most pronounced in 2020 with an increase of 58%. As a result, imports attained the peak of 2.8M units. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
In value terms, imports of rubber; inner tubes, of a kind used on bicycleses expanded sharply to $3.2M in 2022. In general, total imports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +17.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +63.6% against 2019 indices. The growth pace was the most rapid in 2020 when imports increased by 57% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.
| Import of Rubber; Inner Tubes, of A Kind Used On Bicycles in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 798 | 1,129 | 1,588 | 1,457 | 22.2% |
| Vietnam | 817 | 1,605 | 966 | 1,393 | 19.5% |
| Thailand | 85.1 | 138 | 157 | 142 | 18.6% |
| Taiwan (Chinese) | 41.6 | 61.5 | 97.9 | 70.4 | 19.2% |
| Austria | 112 | 37.1 | 45.5 | 47.4 | -24.9% |
| Others | 88.4 | 85.6 | 104 | 67.4 | -8.6% |
| Total | 1,942 | 3,056 | 2,959 | 3,177 | 17.8% |
Top Suppliers of Rubber; Inner Tubes, of A Kind Used On Bicycles to South Korea in 2022:
- China (1071.6K units)
- Vietnam (1024.4K units)
- Thailand (104.5K units)
- Taiwan (Chinese) (51.7K units)
- Austria (34.9K units)
Exports of Rubber; Inner Tubes, of A Kind Used On Bicycles in South Korea
In 2022, overseas shipments of rubber; inner tubes, of a kind used on bicycleses decreased by -69.9% to 3.6K units, falling for the second consecutive year after two years of growth. In general, exports, however, recorded buoyant growth. The pace of growth was the most pronounced in 2020 when exports increased by 600%. As a result, the exports reached the peak of 20K units. From 2021 to 2022, the growth of the exports of remained at a lower figure.
In value terms, exports of rubber; inner tubes, of a kind used on bicycleses contracted notably to $5.6K in 2022. Over the period under review, exports, however, saw significant growth. The growth pace was the most rapid in 2020 with an increase of 662% against the previous year. As a result, the exports reached the peak of $22K. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
| Export of Rubber; Inner Tubes, of A Kind Used On Bicycles in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 0.2 | 4.8 | 3.5 | 1.5 | 95.7% |
| Egypt | 1.3 | 7.2 | 3.9 | 1.3 | 0.0% |
| Indonesia | 0.3 | 2.0 | 1.5 | 0.7 | 32.6% |
| Philippines | 0.3 | 2.1 | 1.4 | 0.6 | 26.0% |
| Yemen | 0.2 | 1.3 | 0.9 | 0.3 | 14.5% |
| United States | N/A | N/A | 0.4 | 0.2 | -50.0% |
| Ethiopia | N/A | 0.5 | 0.4 | 0.2 | -36.8% |
| China | 0.2 | 0.7 | 0.4 | 0.1 | -20.6% |
| Singapore | N/A | 0.7 | N/A | N/A | 0% |
| Others | 0.4 | 2.5 | 1.2 | 0.7 | 20.5% |
| Total | 2.9 | 21.9 | 13.7 | 5.6 | 24.5% |
Top Export Markets for Rubber; Inner Tubes, of A Kind Used On Bicycles from South Korea in 2022:
- Philippines (1285.0 units)
- United Arab Emirates (1120.0 units)
- Indonesia (520.0 units)
- Ethiopia (135.0 units)
- United States (115.0 units)
- Yemen (88.0 units)
- Egypt (84.0 units)
- China (65.0 units)
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