Price for Rubber; Inner Tubes, of A Kind Used On Bicycles in the Philippines - 2023
Contents:
- Price for Rubber; Inner Tubes, of A Kind Used On Bicycles in the Philippines (CIF) - 2022
- Price for Rubber; Inner Tubes, of A Kind Used On Bicycles in the Philippines (FOB) - 2022
- Imports of Rubber; Inner Tubes, of A Kind Used On Bicycles in the Philippines
- Exports of Rubber; Inner Tubes, of A Kind Used On Bicycles in the Philippines
Price for Rubber; Inner Tubes, of A Kind Used On Bicycles in the Philippines (CIF) - 2022
In 2022, the average import price for rubber; inner tubes, of a kind used on bicycleses amounted to $0.2 per unit, reducing by -5.5% against the previous year. Overall, the import price continues to indicate a noticeable reduction. The pace of growth appeared the most rapid in 2015 an increase of 269% against the previous year. The import price peaked at $1 per unit in 2016; however, from 2017 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 Thailand ($1.4 per unit), while the price for China ($0.2 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+12.7%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Rubber; Inner Tubes, of A Kind Used On Bicycles in the Philippines (FOB) - 2022
The average export price for rubber; inner tubes, of a kind used on bicycleses stood at $0.6 per unit in 2021, stabilizing at the previous year. In general, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2015 when the average export price increased by 87% against the previous year. As a result, the export price attained the peak level of $2.3 per unit. From 2016 to 2021, the average export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for Turkey.
From 2012 to 2021, the rate of growth in terms of prices for Turkey amounted to -0.3% per year.
Imports of Rubber; Inner Tubes, of A Kind Used On Bicycles in the Philippines
In 2022, supplies from abroad of rubber; inner tubes, of a kind used on bicycleses decreased by -82.6% to 935K units for the first time since 2018, thus ending a three-year rising trend. In general, imports showed a deep downturn. The pace of growth appeared the most rapid in 2020 with an increase of 168%. Imports peaked at 5.4M units in 2021, and then shrank remarkably in the following year.
In value terms, imports of rubber; inner tubes, of a kind used on bicycleses shrank notably to $225K in 2022. Overall, imports saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2020 with an increase of 140% against the previous year. Imports peaked at $1.4M in 2021, and then reduced sharply in the following year.
| Import of Rubber; Inner Tubes, of A Kind Used On Bicycles in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 318 | 882 | 1,062 | 184 | -16.7% |
| Vietnam | 12.3 | 65.9 | 100 | 28.2 | 31.9% |
| India | 0.4 | N/A | 11.9 | 3.5 | 106.1% |
| Others | 92.9 | 68.8 | 194 | 10.2 | -52.1% |
| Total | 424 | 1,017 | 1,368 | 225 | -19.0% |
Top Suppliers of Rubber; Inner Tubes, of A Kind Used On Bicycles to the Philippines in 2022:
- China (858.3K units)
- Vietnam (54.5K units)
- India (14.8K units)
Exports of Rubber; Inner Tubes, of A Kind Used On Bicycles in the Philippines
In 2021, the amount of rubber; inner tubes, of a kind used on bicycleses exported from the Philippines was estimated at 162K units, leveling off at the previous year's figure. Over the period under review, exports posted a significant increase. The smallest decline of 99.9% was in 2020. The exports peaked in 2021 and are expected to retain growth in years to come.
In value terms, exports of rubber; inner tubes, of a kind used on bicycleses amounted to $103K in 2021. In general, exports posted a significant expansion. The smallest decline of 99.9% was in 2020. Over the period under review, the exports of reached the maximum in 2021 and are expected to retain growth in years to come.
| Export of Rubber; Inner Tubes, of A Kind Used On Bicycles in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
| Turkey | 64.2 | N/A | 103 | 26.7% | |
| Others | N/A | N/A | N/A | 0% | |
| Total | 64.2 | N/A | 103 | 26.7% | |
Top Export Markets for Rubber; Inner Tubes, of A Kind Used On Bicycles from the Philippines in 2022:
- Turkey (162.4K units)
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