Price for Used Pneumatic Tyres of Rubber in Mexico - 2023

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

The average import price for used pneumatic tyres of rubbers stood at $11.8 per unit in June 2023, which is down by -10.3% against the previous month. Overall, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in January 2023 an increase of 156% month-to-month. As a result, import price reached the peak level of $28.8 per unit. From February 2023 to June 2023, the average import prices failed to regain momentum.

Prices varied noticeably by the country of origin: the country with the highest price was Thailand ($12.6 per unit), while the price for Indonesia ($7.8 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 Canada (+0.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Used Pneumatic Tyres of Rubber in Mexico (FOB) - 2023

The average export price for used pneumatic tyres of rubbers stood at $194 per unit in June 2023, approximately reflecting the previous month. In general, the export price faced a abrupt curtailment. As a result, the export price attained the peak level of $1,164 per unit. From August 2022 to June 2023, the the average export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for the United States.

From July 2022 to June 2023, the rate of growth in terms of prices for the United States amounted to -15.0% per month.

Imports of Used Pneumatic Tyres of Rubber in Mexico

In 2022, imports of used pneumatic tyres of rubbers into Mexico rose markedly to 886K units, picking up by 9.9% against the previous year's figure. In general, imports, however, saw a pronounced decline. The growth pace was the most rapid in 2021 with an increase of 15% against the previous year. Over the period under review, imports hit record highs at 964K units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, used pneumatic tyres of rubber imports stood at $12M in 2022. Overall, imports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by 18%. Imports peaked at $12M in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Import of Used Pneumatic Tyres of Rubber in Mexico (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United States	5.3	4.0	5.7	5.7	2.5%
Japan	2.0	1.6	0.9	1.9	-1.7%
China	1.8	1.3	1.4	1.4	-8.0%
Canada	0.6	0.5	0.5	0.7	5.3%
Thailand	0.6	0.4	0.5	0.7	5.3%
Indonesia	0.2	N/A	0.1	0.2	0.0%
Germany	0.2	0.1	0.1	0.1	-20.6%
South Korea	0.4	0.3	0.2	0.1	-37.0%
Others	0.8	0.6	0.7	0.8	0.0%
Total	11.9	8.7	10.3	11.6	-0.8%

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

United States (461.1K units)
China (109.2K units)
Japan (78.8K units)
Canada (66.6K units)
Thailand (57.2K units)
Indonesia (19.7K units)
Germany (15.5K units)
South Korea (11.6K units)

Exports of Used Pneumatic Tyres of Rubber in Mexico

In 2022, overseas shipments of used pneumatic tyres of rubbers were finally on the rise to reach 11K units for the first time since 2019, thus ending a two-year declining trend. Overall, exports posted significant growth. 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 $1.6M in 2022. In general, exports continue to indicate a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.