Price for Used Pneumatic Tyres of Rubber in Canada - 2023
Contents:
- Price for Used Pneumatic Tyres of Rubber in Canada (FOB) - 2023
- Price for Used Pneumatic Tyres of Rubber in Canada (CIF) - 2023
- Exports of Used Pneumatic Tyres of Rubber in Canada
- Imports of Used Pneumatic Tyres of Rubber in Canada
Price for Used Pneumatic Tyres of Rubber in Canada (FOB) - 2023
In June 2023, the average export price for used pneumatic tyres of rubbers amounted to $32.7 per unit, with an increase of 7.5% against the previous month. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in October 2022 an increase of 16% month-to-month. As a result, the export price reached the peak level of $42.6 per unit. From November 2022 to June 2023, the the average export prices failed to regain momentum.
There were significant differences in the average prices for the major export markets. In June 2023, the country with the highest price was Guatemala ($58.1 per unit), while the average price for exports to the United States ($31.0 per unit) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Guatemala (+2.4%), while the prices for the other major destinations experienced a decline.
Price for Used Pneumatic Tyres of Rubber in Canada (CIF) - 2023
The average import price for used pneumatic tyres of rubbers stood at $27.0 per unit in June 2023, leveling off at the previous month. Over the period under review, the import price, however, recorded a deep reduction. The pace of growth appeared the most rapid in January 2023 an increase of 71% m-o-m. The import price peaked at $69.2 per unit in June 2022; however, from July 2022 to June 2023, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was South Korea ($62.5 per unit), while the price for the United States ($20.7 per unit) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by South Korea (+2.7%), while the prices for the other major suppliers experienced a decline.
Exports of Used Pneumatic Tyres of Rubber in Canada
In 2022, after three years of growth, there was significant decline in overseas shipments of used pneumatic tyres of rubbers, when their volume decreased by -23.1% to 307K units. In general, exports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when exports increased by 25% against the previous year. As a result, the exports reached the peak of 399K units, and then shrank markedly in the following year.
In value terms, used pneumatic tyres of rubber exports reached $12M in 2022. The total export value increased at an average annual rate of +9.7% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of 36%. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in years to come.
| Export of Used Pneumatic Tyres of Rubber in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 8.1 | 7.9 | 11.1 | 11.1 | 11.1% |
| Others | 1.2 | 1.0 | 1.0 | 1.1 | -2.9% |
| Total | 9.3 | 8.9 | 12.1 | 12.3 | 9.8% |
Top Export Markets for Used Pneumatic Tyres of Rubber from Canada in 2022:
- United States (284.8K units)
Imports of Used Pneumatic Tyres of Rubber in Canada
Used pneumatic tyres of rubber imports into Canada fell sharply to 88K units in 2022, which is down by -47.9% on the year before. In general, imports continue to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2021 when imports increased by 59%. As a result, imports attained the peak of 170K units, and then declined sharply in the following year.
In value terms, used pneumatic tyres of rubber imports contracted sharply to $3.1M in 2022. Over the period under review, imports continue to indicate a deep downturn. The growth pace was the most rapid in 2021 with an increase of 74%. As a result, imports attained the peak of $4.3M, and then reduced markedly in the following year.
| Import of Used Pneumatic Tyres of Rubber in Canada (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 2,061 | 1,089 | 3,077 | 1,970 | -1.5% |
| Japan | 1,121 | 776 | 536 | 355 | -31.8% |
| China | 125 | 82.4 | 92.1 | 263 | 28.1% |
| South Korea | 18.7 | 20.0 | 15.1 | 51.4 | 40.1% |
| Others | 847 | 478 | 532 | 474 | -17.6% |
| Total | 4,172 | 2,446 | 4,252 | 3,113 | -9.3% |
Top Suppliers of Used Pneumatic Tyres of Rubber to Canada in 2022:
- United States (73.1K units)
- Japan (5.7K units)
- China (2.8K units)
- South Korea (1.5K units)
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