Price for Used Pneumatic Tyres of Rubber in Portugal - 2023

Contents:

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

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

In June 2023, the average import price for used pneumatic tyres of rubbers amounted to $7.5 per unit, waning by -35% against the previous month. In general, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in December 2022 when the average import price increased by 78% month-to-month. Over the period under review, average import prices attained the maximum at $11.5 per unit in May 2023, and then declined rapidly 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 Netherlands ($15.7 per unit), while the price for France ($730 per thousand units) was amongst the lowest.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Italy (+6.6%), while the prices for the other major suppliers experienced more modest paces of growth.

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

The average export price for used pneumatic tyres of rubbers stood at $12 per unit in 2022, jumping by 46% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the average export price increased by 68% against the previous year. As a result, the export price attained the peak level of $22 per unit. From 2015 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Spain ($23 per unit), while the average price for exports to Switzerland ($2.7 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 Guinea-Bissau (+8.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Used Pneumatic Tyres of Rubber in Portugal

Used pneumatic tyres of rubber imports into Portugal shrank to 161K units in 2022, declining by -11.2% on the previous year's figure. Overall, imports, however, saw modest growth. The most prominent rate of growth was recorded in 2021 when imports increased by 21% against the previous year. As a result, imports attained the peak of 182K units, and then reduced in the following year.

In value terms, used pneumatic tyres of rubber imports dropped significantly to $1.9M in 2022. In general, imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by 33% against the previous year. As a result, imports reached the peak of $2.3M, and then reduced remarkably in the following year.

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

1. Spain (107.5K units)
2. Italy (18.0K units)
3. Germany (7.0K units)
4. Switzerland (6.8K units)
5. Netherlands (6.0K units)
6. France (5.0K units)
7. Australia (3.3K units)
8. United Kingdom (3.0K units)
9. Belgium (2.7K units)
10. Japan (0.8K units)

Exports of Used Pneumatic Tyres of Rubber in Portugal

In 2022, exports of used pneumatic tyres of rubbers from Portugal skyrocketed to 36K units, increasing by 25% against 2021. Overall, exports, however, recorded a drastic downturn. Over the period under review, the exports attained the maximum at 63K units in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, used pneumatic tyres of rubber exports surged to $428K in 2022. In general, exports, however, continue to indicate a deep reduction. The exports peaked at $650K in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

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

1. Mauritania (11.5K units)
2. Spain (6.2K units)
3. United States (6.0K units)
4. Cabo Verde (5.0K units)
5. Sao Tome and Principe (2.5K units)
6. Switzerland (1.1K units)
7. Dominican Republic (0.8K units)

Source: IndexBox Market Intelligence Platform