Price for Used Pneumatic Tyres of Rubber in Italy - 2023

Contents:

1. Price for Used Pneumatic Tyres of Rubber in Italy (FOB) - 2022
2. Price for Used Pneumatic Tyres of Rubber in Italy (CIF) - 2023
3. Exports of Used Pneumatic Tyres of Rubber in Italy
4. Imports of Used Pneumatic Tyres of Rubber in Italy

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

The average export price for used pneumatic tyres of rubbers stood at $8.3 per unit in 2022, shrinking by -37.7% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of 37% against the previous year. The export price peaked at $14 per unit in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($60 per unit), while the average price for exports to Guinea ($1.4 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 the Dominican Republic (+16.0%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Used Pneumatic Tyres of Rubber in Italy (CIF) - 2023

In June 2023, the average import price for used pneumatic tyres of rubbers amounted to $15.8 per unit, dropping by -7% against the previous month. Over the period from June 2022 to June 2023, it increased at an average monthly rate of +2.2%. The growth pace was the most rapid in April 2023 when the average import price increased by 17% against the previous month. Over the period under review, average import prices hit record highs at $17.0 per unit in May 2023, and then declined in the following month.

There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was the Czech Republic ($32.3 per unit), while the price for Switzerland ($3.7 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 the Czech Republic (+31.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Used Pneumatic Tyres of Rubber in Italy

In 2022, approx. 1.4M units of used pneumatic tyres of rubbers were exported from Italy; surging by 3.8% against the previous year. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when exports increased by 12% against the previous year. Over the period under review, the exports attained the peak figure at 1.4M units in 2019; afterwards, it flattened through to 2022.

In value terms, used pneumatic tyres of rubber exports shrank markedly to $12M in 2022. In general, exports, however, saw a abrupt downturn. The pace of growth appeared the most rapid in 2021 with an increase of 20%. As a result, the exports reached the peak of $19M, and then dropped rapidly in the following year.

Top Export Markets for Used Pneumatic Tyres of Rubber from Italy in 2022:

1. Ghana (360.4K units)
2. Cote d'Ivoire (226.0K units)
3. Guinea (199.5K units)
4. Senegal (192.1K units)
5. Burkina Faso (99.6K units)
6. Dominican Republic (42.8K units)
7. Panama (33.6K units)
8. Germany (29.8K units)
9. Cameroon (22.9K units)
10. Paraguay (22.7K units)
11. Togo (13.0K units)
12. Netherlands (12.0K units)
13. Tunisia (0.2K units)

Imports of Used Pneumatic Tyres of Rubber in Italy

In 2022, used pneumatic tyres of rubber imports into Italy dropped significantly to 140K units, with a decrease of -25.8% compared with the year before. Overall, imports showed a deep slump. The pace of growth appeared the most rapid in 2021 when imports increased by 11%. Over the period under review, imports reached the maximum at 197K units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, used pneumatic tyres of rubber imports dropped markedly to $5.2M in 2022. In general, imports recorded a noticeable curtailment. The pace of growth was the most pronounced in 2021 when imports increased by 43% against the previous year. As a result, imports reached the peak of $7.1M, and then shrank dramatically in the following year.

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

1. Netherlands (22.7K units)
2. Switzerland (22.3K units)
3. Romania (19.8K units)
4. United Kingdom (14.4K units)
5. China (12.4K units)
6. Germany (9.6K units)
7. Greece (9.2K units)
8. United States (7.8K units)
9. Australia (6.1K units)
10. Spain (5.2K units)
11. France (3.2K units)

Source: IndexBox Market Intelligence Platform