Price for Used Pneumatic Tyres of Rubber in Azerbaijan - 2023
Contents:
- Price for Used Pneumatic Tyres of Rubber in Azerbaijan (CIF) - 2023
- Price for Used Pneumatic Tyres of Rubber in Azerbaijan (FOB) - 2022
- Imports of Used Pneumatic Tyres of Rubber in Azerbaijan
- Exports of Used Pneumatic Tyres of Rubber in Azerbaijan
Price for Used Pneumatic Tyres of Rubber in Azerbaijan (CIF) - 2023
In July 2023, the average import price for used pneumatic tyres of rubbers amounted to $7.8 per unit, which is down by -8% against the previous month. In general, the import price saw a perceptible reduction. The growth pace was the most rapid in November 2022 when the average import price increased by 14% against the previous month. The import price peaked at $10.8 per unit in April 2023; however, from May 2023 to July 2023, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Japan ($11.0 per unit), while the price for Germany amounted to $7.3 per unit.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Japan (-0.0%).
Price for Used Pneumatic Tyres of Rubber in Azerbaijan (FOB) - 2022
In 2022, the average export price for used pneumatic tyres of rubbers amounted to $118 per unit, with an increase of 12% against the previous year. Over the period under review, the export price continues to indicate a prominent expansion. The most prominent rate of growth was recorded in 2020 when the average export price increased by 54% against the previous year. The export price peaked in 2022 and is likely to see steady growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Belgium ($119 per unit), while the average price for exports to the UK stood at $77 per unit.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (+14.7%).
Imports of Used Pneumatic Tyres of Rubber in Azerbaijan
In 2022, the amount of used pneumatic tyres of rubbers imported into Azerbaijan surged to 100K units, growing by 93% against the previous year's figure. In general, imports saw resilient growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, used pneumatic tyres of rubber imports surged to $873K in 2022. Overall, total imports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +5.3% 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 increased by +81.3% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 44%. Imports peaked in 2022 and are expected to retain growth in years to come.
| Import of Used Pneumatic Tyres of Rubber in Azerbaijan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 440 | 280 | 281 | 643 | 13.5% |
| Japan | 215 | 94.7 | 228 | 185 | -4.9% |
| United Arab Emirates | 73.8 | 72.8 | 129 | N/A | 32.2% |
| Others | 18.8 | 34.0 | 57.9 | 45.1 | 33.9% |
| Total | 748 | 481 | 695 | 873 | 5.3% |
Top Suppliers of Used Pneumatic Tyres of Rubber to Azerbaijan in 2022:
- Germany (80.6K units)
- Japan (16.5K units)
Exports of Used Pneumatic Tyres of Rubber in Azerbaijan
In 2022, shipments abroad of used pneumatic tyres of rubbers decreased by -18.9% to 923 units, falling for the second consecutive year after two years of growth. Overall, exports saw a mild downturn. The pace of growth appeared the most rapid in 2020 with an increase of 20%. As a result, the exports reached the peak of 1.2K units. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, used pneumatic tyres of rubber exports contracted to $109K in 2022. In general, total exports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +15.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -17.3% against 2020 indices. The pace of growth appeared the most rapid in 2020 when exports increased by 85%. As a result, the exports attained the peak of $132K. From 2021 to 2022, the growth of the exports failed to regain momentum.
| Export of Used Pneumatic Tyres of Rubber in Azerbaijan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | 61.9 | 131 | 120 | 107 | 20.0% |
| United Kingdom | 9.5 | 1.1 | N/A | 1.5 | -46.0% |
| Others | N/A | N/A | N/A | 0.2 | 0% |
| Total | 71.3 | 132 | 120 | 109 | 15.2% |
Top Export Markets for Used Pneumatic Tyres of Rubber from Azerbaijan in 2022:
- Belgium (899.0 units)
- United Kingdom (20.0 units)
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