Price for Used Pneumatic Tyres of Rubber in Australia - 2023
Contents:
- Price for Used Pneumatic Tyres of Rubber in Australia (FOB) - 2023
- Price for Used Pneumatic Tyres of Rubber in Australia (CIF) - 2022
- Exports of Used Pneumatic Tyres of Rubber in Australia
- Imports of Used Pneumatic Tyres of Rubber in Australia
Price for Used Pneumatic Tyres of Rubber in Australia (FOB) - 2023
The average export price for used pneumatic tyres of rubbers stood at $15.8 per unit in July 2023, therefore, remained relatively stable against the previous month. Overall, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in August 2022 an increase of 34% against the previous month. The export price peaked at $27.2 per unit in October 2022; however, from November 2022 to July 2023, the export prices failed to regain momentum.
There were significant differences in the average prices for the major external markets. In July 2023, the country with the highest price was Thailand ($105 per unit), while the average price for exports to Swaziland ($2.7 per unit) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+21.4%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Used Pneumatic Tyres of Rubber in Australia (CIF) - 2022
In 2022, the average import price for used pneumatic tyres of rubbers amounted to $96 per unit, growing by 119% against the previous year. Over the period under review, the import price saw strong growth. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
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 the Netherlands ($150 per unit), while the price for Japan ($15 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Papua New Guinea (+42.8%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Used Pneumatic Tyres of Rubber in Australia
For the third year in a row, Australia recorded decline in overseas shipments of used pneumatic tyres of rubbers, which decreased by -67.4% to 168K units in 2022. Overall, exports saw a precipitous descent. The smallest decline of -26.4% was in 2021. The exports peaked at 1.4M units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
In value terms, used pneumatic tyres of rubber exports declined notably to $3.3M in 2022. Over the period under review, exports faced a deep reduction. The growth pace was the most rapid in 2020 when exports increased by 29% against the previous year. Over the period under review, the exports hit record highs at $7.4M in 2021, and then fell markedly in the following year.
| Export of Used Pneumatic Tyres of Rubber in Australia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 1,147 | 1,619 | 3,407 | 1,602 | 11.8% |
| Thailand | N/A | N/A | N/A | 644 | 0% |
| Malaysia | 530 | 1,015 | 803 | 530 | 0.0% |
| Spain | 166 | 252 | 225 | 82.8 | -20.7% |
| Singapore | 393 | 466 | 556 | 76.1 | -42.1% |
| El Salvador | 266 | 219 | 244 | 50.4 | -42.6% |
| Italy | 93.2 | 75.6 | 117 | 48.3 | -19.7% |
| Honduras | 200 | 35.8 | 152 | N/A | -12.8% |
| South Korea | 96.7 | N/A | N/A | N/A | 0% |
| China | 326 | 351 | N/A | N/A | 7.7% |
| India | 47.1 | 42.9 | N/A | N/A | -8.9% |
| Romania | 142 | 83.1 | 43.8 | N/A | -44.5% |
| Ghana | 61.7 | N/A | N/A | N/A | 0% |
| Others | 1,270 | 1,937 | 1,868 | 257 | -41.3% |
| Total | 4,740 | 6,098 | 7,416 | 3,290 | -11.5% |
Top Export Markets for Used Pneumatic Tyres of Rubber from Australia in 2022:
- United States (60.4K units)
- Malaysia (24.9K units)
- Spain (22.5K units)
- Singapore (19.1K units)
- Thailand (10.3K units)
- Italy (10.0K units)
- El Salvador (5.3K units)
Imports of Used Pneumatic Tyres of Rubber in Australia
In 2022, the amount of used pneumatic tyres of rubbers imported into Australia shrank rapidly to 2.7K units, declining by -57.4% on the previous year. Overall, imports saw a dramatic descent. The smallest decline of -35.7% was in 2021. Imports peaked at 50K units in 2019; however, from 2020 to 2022, imports failed to regain momentum.
In value terms, used pneumatic tyres of rubber imports contracted to $257K in 2022. In general, imports faced a sharp slump. Imports peaked at $1.1M in 2019; however, from 2020 to 2022, imports failed to regain momentum.
| Import of Used Pneumatic Tyres of Rubber in Australia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 94.5 | 54.9 | 191 | 219 | 32.3% |
| France | N/A | N/A | N/A | 7.0 | 0% |
| China | 10.1 | 13.4 | 27.8 | 7.0 | -11.5% |
| Japan | 34.2 | 34.8 | 36.2 | 5.5 | -45.6% |
| Papua New Guinea | N/A | 7.5 | N/A | 5.3 | -15.9% |
| United States | 159 | 8.7 | N/A | 5.0 | -68.4% |
| Taiwan (Chinese) | 4.2 | 41.2 | 14.2 | 4.2 | 0.0% |
| United Arab Emirates | N/A | 108 | N/A | N/A | 0% |
| South Africa | 489 | N/A | N/A | N/A | 0% |
| Canada | 276 | 1.4 | N/A | N/A | -99.5% |
| Others | 6.3 | 91.6 | 5.9 | 3.9 | -14.8% |
| Total | 1,074 | 361 | 275 | 257 | -37.9% |
Top Suppliers of Used Pneumatic Tyres of Rubber to Australia in 2022:
- Netherlands (1460.0 units)
- Japan (358.0 units)
- China (275.0 units)
- United States (174.0 units)
- France (156.0 units)
- Taiwan (Chinese) (145.0 units)
- Papua New Guinea (70.0 units)
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