Price for Used Pneumatic Tyres of Rubber in Singapore - 2022

Contents:

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

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

The average export price for used pneumatic tyres of rubbers stood at $15 per unit in 2022, declining by -3.2% against the previous year. Overall, export price indicated a modest increase from 2012 to 2022: its price increased at an average annual rate of +1.5% 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 +65.0% against 2014 indices. The most prominent rate of growth was recorded in 2016 an increase of 21% against the previous year. Over the period under review, the average export prices hit record highs at $16 per unit in 2021, and then shrank in the following year.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were Malaysia ($21 per unit) and Solomon Islands ($18 per unit), while the average price for exports to Nigeria ($15 per unit) and Democratic Republic of the Congo ($17 per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Solomon Islands (+13.5%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Used Pneumatic Tyres of Rubber in Singapore (CIF) - 2022

The average import price for used pneumatic tyres of rubbers stood at $7.4 per unit in 2022, with an increase of 48% against the previous year. Over the period under review, the import price, however, saw a perceptible descent. Over the period under review, average import prices attained the peak figure at $11 per unit in 2012; however, from 2013 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 China ($22 per unit), while the price for Taiwan (Chinese) ($1.6 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+18.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Exports of Used Pneumatic Tyres of Rubber in Singapore

In 2022, used pneumatic tyres of rubber exports from Singapore skyrocketed to 166K units, growing by 38% against 2021. Overall, total exports indicated a strong expansion from 2019 to 2022: its volume increased at an average annual rate of +16.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -4.1% against 2020 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 63%. As a result, the exports reached the peak of 173K units. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, used pneumatic tyres of rubber exports soared to $2.6M in 2022. Over the period under review, total exports indicated a significant expansion from 2019 to 2022: its value increased at an average annual rate of +23.5% 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 +88.2% against 2019 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 73% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are likely to see steady growth in the immediate term.

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

1. Nigeria (137.0K units)
2. Democratic Republic of the Congo (10.6K units)
3. Malaysia (9.8K units)
4. Solomon Islands (4.5K units)

Imports of Used Pneumatic Tyres of Rubber in Singapore

In 2022, imports of used pneumatic tyres of rubbers into Singapore contracted remarkably to 79K units, with a decrease of -56.7% on the previous year. In general, imports faced a significant decrease. The growth pace was the most rapid in 2021 with an increase of 7.1% against the previous year. Imports peaked at 190K units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, used pneumatic tyres of rubber imports contracted significantly to $590K in 2022. Overall, imports recorded a abrupt decline. The smallest decline of -0.6% was in 2021. Over the period under review, imports hit record highs at $965K in 2019; however, from 2020 to 2022, imports failed to regain momentum.

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

1. Australia (52.2K units)
2. Taiwan (Chinese) (18.2K units)
3. Japan (6.5K units)
4. China (1.6K units)

Source: IndexBox Market Intelligence Platform