Price for Used Pneumatic Tyres of Rubber in Bangladesh - 2022

Price for Used Pneumatic Tyres of Rubber in Bangladesh (CIF) - 2022

The average import price for used pneumatic tyres of rubbers stood at $104 per unit in 2022, with an increase of 17% against the previous year. Over the period under review, the import price enjoyed strong growth. The growth pace was the most rapid in 2019 when the average import price increased by 310%. As a result, import price attained the peak level of $266 per unit. From 2020 to 2022, the average 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 the United States ($880 per unit), while the price for India ($54 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+1,289.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Used Pneumatic Tyres of Rubber in Bangladesh (FOB) - 2022

The average export price for used pneumatic tyres of rubbers stood at $89 per unit in 2022, with an increase of 117% against the previous year. Overall, the export price showed a perceptible increase. The export price peaked at $138 per unit in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Hong Kong SAR.

From 2012 to 2022, the rate of growth in terms of prices for Mexico amounted to +55.6% per year.

Imports of Used Pneumatic Tyres of Rubber in Bangladesh

In 2022, supplies from abroad of used pneumatic tyres of rubbers decreased by -32.4% to 555 units, falling for the second consecutive year after two years of growth. In general, imports, however, enjoyed a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 553% against the previous year. As a result, imports reached the peak of 1.1K units. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, used pneumatic tyres of rubber imports shrank sharply to $58K in 2022. Over the period under review, total imports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +8.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -24.7% against 2020 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 69%. As a result, imports reached the peak of $76K. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

Import of Used Pneumatic Tyres of Rubber in Bangladesh (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Japan	N/A	66.6	18.0	41.7	-20.9%
India	N/A	N/A	0.9	7.2	700.0%
United States	N/A	9.9	N/A	6.2	-20.9%
Slovakia	N/A	N/A	N/A	1.1	0%
China	45.2	N/A	N/A	N/A	0%
Singapore	N/A	N/A	26.8	N/A	0%
Others	N/A	N/A	27.2	1.4	-94.9%
Total	45.2	76.5	72.9	57.6	8.4%

Top Suppliers of Used Pneumatic Tyres of Rubber to Bangladesh in 2022:

Japan (389.0 units)
India (134.0 units)
Slovakia (10.0 units)
United States (7.0 units)

Exports of Used Pneumatic Tyres of Rubber in Bangladesh

In 2022, approx. 268 units of used pneumatic tyres of rubbers were exported from Bangladesh; growing by 103% compared with the previous year. Overall, exports recorded a prominent expansion. The growth pace was the most rapid in 2021 when exports increased by 288%. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the near future.

In value terms, used pneumatic tyres of rubber exports soared to $24K in 2022. In general, exports continue to indicate a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.