Price for Used Pneumatic Tyres of Rubber in China - 2023
Contents:
- Price for Used Pneumatic Tyres of Rubber in China (FOB) - 2022
- Price for Used Pneumatic Tyres of Rubber in China (CIF) - 2022
- Exports of Used Pneumatic Tyres of Rubber in China
- Imports of Used Pneumatic Tyres of Rubber in China
Price for Used Pneumatic Tyres of Rubber in China (FOB) - 2022
In 2022, the average export price for used pneumatic tyres of rubbers amounted to $33 per unit, surging by 2.4% against the previous year. Overall, export price indicated a tangible expansion from 2012 to 2022: its price increased at an average annual rate of +4.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, used pneumatic tyres of rubber export price increased by +32.1% against 2020 indices. The pace of growth appeared the most rapid in 2013 an increase of 57% against the previous year. The export price peaked at $40 per unit in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Thailand ($286 per unit), while the average price for exports to Ghana ($7.4 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (+18.8%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Used Pneumatic Tyres of Rubber in China (CIF) - 2022
The average import price for used pneumatic tyres of rubbers stood at $39 per unit in 2022, growing by 32% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 an increase of 72%. The import price peaked at $92 per unit in 2017; however, from 2018 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($839 per unit), while the price for South Korea ($15 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+27.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Used Pneumatic Tyres of Rubber in China
Used pneumatic tyres of rubber exports from China soared to 1.1M units in 2022, increasing by 45% compared with 2021 figures. The total export volume increased at an average annual rate of +9.4% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, used pneumatic tyres of rubber exports skyrocketed to $37M in 2022. Over the period under review, total exports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +12.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +63.1% against 2020 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Used Pneumatic Tyres of Rubber in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Pakistan | 2.3 | 1.7 | 0.1 | 7.6 | 48.9% |
| Thailand | 12.0 | 7.5 | 9.9 | 6.8 | -17.2% |
| United States | 2.9 | 3.4 | 1.8 | 5.3 | 22.3% |
| Panama | 0.2 | 0.1 | 0.2 | 2.3 | 125.7% |
| Nigeria | 0.6 | 1.5 | 2.7 | 2.1 | 51.8% |
| Kenya | N/A | N/A | 1.0 | 1.4 | 40.0% |
| Malaysia | 0.3 | 1.0 | 1.2 | 1.2 | 58.7% |
| Ghana | 0.1 | 0.4 | 0.2 | 1.0 | 115.4% |
| United Arab Emirates | N/A | 0.9 | 0.4 | 0.8 | -5.7% |
| South Korea | 0.1 | 0.2 | 0.2 | 0.7 | 91.3% |
| Australia | N/A | N/A | N/A | 0.6 | 0% |
| Guinea | 0.4 | N/A | 0.1 | 0.1 | -37.0% |
| Others | 6.7 | 5.7 | 7.0 | 6.7 | 0.0% |
| Total | 25.7 | 22.5 | 24.8 | 36.7 | 12.6% |
Top Export Markets for Used Pneumatic Tyres of Rubber from China in 2022:
- Nigeria (235.6K units)
- Pakistan (193.6K units)
- Ghana (135.3K units)
- United States (110.7K units)
- Panama (79.1K units)
- Malaysia (33.7K units)
- United Arab Emirates (27.8K units)
- Kenya (25.1K units)
- Thailand (23.7K units)
- South Korea (17.9K units)
- Australia (16.8K units)
- Guinea (13.3K units)
Imports of Used Pneumatic Tyres of Rubber in China
In 2022, approx. 7.3K units of used pneumatic tyres of rubbers were imported into China; declining by -18.9% on 2021. In general, imports, however, recorded a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 755% against the previous year. As a result, imports attained the peak of 9K units, and then contracted markedly in the following year.
In value terms, used pneumatic tyres of rubber imports rose markedly to $282K in 2022. Over the period under review, imports, however, continue to indicate prominent growth. The pace of growth was the most pronounced in 2021 with an increase of 444% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in the near future.
| Import of Used Pneumatic Tyres of Rubber in China (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 16.1 | 35.2 | 201 | 191 | 128.1% |
| India | N/A | N/A | 0.3 | 24.5 | 8066.7% |
| South Korea | N/A | N/A | 45.1 | 13.3 | -70.5% |
| United Arab Emirates | 207 | N/A | N/A | N/A | 0% |
| Others | 14.8 | 13.4 | 17.4 | 53.5 | 53.5% |
| Total | 238 | 48.6 | 264 | 282 | 5.8% |
Top Suppliers of Used Pneumatic Tyres of Rubber to China in 2022:
- Japan (5.1K units)
- India (1.2K units)
- South Korea (0.9K units)
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