Price for Used Pneumatic Tyres of Rubber in Latvia - 2023
Contents:
- Price for Used Pneumatic Tyres of Rubber in Latvia (FOB) - 2022
- Price for Used Pneumatic Tyres of Rubber in Latvia (CIF) - 2022
- Exports of Used Pneumatic Tyres of Rubber in Latvia
- Imports of Used Pneumatic Tyres of Rubber in Latvia
Price for Used Pneumatic Tyres of Rubber in Latvia (FOB) - 2022
The average export price for used pneumatic tyres of rubbers stood at $6.1 per unit in 2022, reducing by -14.3% against the previous year. Overall, the export price recorded a abrupt decline. The most prominent rate of growth was recorded in 2018 when the average export price increased by 212%. The export price peaked at $17 per unit in 2013; however, from 2014 to 2022, the export prices stood at a somewhat 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 Estonia ($198 per unit), while the average price for exports to Kyrgyzstan stood at $5.7 per unit.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Estonia (+33.3%).
Price for Used Pneumatic Tyres of Rubber in Latvia (CIF) - 2022
The average import price for used pneumatic tyres of rubbers stood at $17 per unit in 2022, growing by 8.1% against the previous year. In general, the import price, however, saw a deep contraction. The growth pace was the most rapid in 2018 when the average import price increased by 37% against the previous year. The import price peaked at $61 per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($68 per unit), while the price for Norway ($6.9 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+0.1%), while the prices for the other major suppliers experienced a decline.
Exports of Used Pneumatic Tyres of Rubber in Latvia
After three years of growth, shipments abroad of used pneumatic tyres of rubbers decreased by -51.9% to 42K units in 2022. Over the period under review, exports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 440% against the previous year. As a result, the exports reached the peak of 88K units, and then dropped significantly in the following year.
In value terms, used pneumatic tyres of rubber exports reduced sharply to $259K in 2022. In general, exports, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 599%. As a result, the exports attained the peak of $629K, and then declined sharply in the following year.
| Export of Used Pneumatic Tyres of Rubber in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Kyrgyzstan | N/A | N/A | 449 | 242 | -46.1% |
| Kazakhstan | N/A | N/A | 105 | 0.4 | -99.6% |
| Tajikistan | 17.7 | 85.0 | 70.5 | N/A | 99.6% |
| Others | 55.8 | 4.9 | 4.8 | 16.4 | -33.5% |
| Total | 73.5 | 89.9 | 629 | 259 | 52.2% |
Top Export Markets for Used Pneumatic Tyres of Rubber from Latvia in 2022:
- Kazakhstan (undefinedK units)
- Kyrgyzstan (42.2K units)
Imports of Used Pneumatic Tyres of Rubber in Latvia
In 2022, overseas purchases of used pneumatic tyres of rubbers decreased by -11.7% to 26K units for the first time since 2018, thus ending a three-year rising trend. In general, total imports indicated a resilient expansion from 2019 to 2022: its volume increased at an average annual rate of +13.5% 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 +46.4% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 58% against the previous year. As a result, imports attained the peak of 30K units, and then reduced in the following year.
In value terms, used pneumatic tyres of rubber imports fell to $437K in 2022. Overall, total imports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +6.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +58.5% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 66%. As a result, imports attained the peak of $458K, and then declined in the following year.
| Import of Used Pneumatic Tyres of Rubber in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 93.7 | 140 | 244 | 172 | 22.4% |
| Lithuania | 28.1 | 32.0 | 55.6 | 118 | 61.3% |
| Netherlands | 55.2 | 34.1 | 49.4 | 63.2 | 4.6% |
| United Arab Emirates | N/A | N/A | 2.8 | 42.1 | 1403.6% |
| France | 50.7 | 18.1 | 5.4 | 12.8 | -36.8% |
| United Kingdom | N/A | N/A | 24.0 | 6.3 | -73.8% |
| Estonia | 30.2 | 22.3 | 47.8 | 5.1 | -44.7% |
| Norway | 16.9 | 10.6 | 9.7 | 2.1 | -50.1% |
| Italy | 73.0 | 13.6 | N/A | 1.4 | -73.2% |
| Others | 16.2 | 4.9 | 19.7 | 14.2 | -4.3% |
| Total | 364 | 276 | 458 | 437 | 6.3% |
Top Suppliers of Used Pneumatic Tyres of Rubber to Latvia in 2022:
- Italy (undefinedK units)
- Germany (17.1K units)
- Lithuania (3.2K units)
- United Arab Emirates (2.3K units)
- France (1.8K units)
- Netherlands (0.9K units)
- United Kingdom (0.3K units)
- Norway (0.3K units)
- Estonia (0.1K units)
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