Price for Used Pneumatic Tyres of Rubber in South Africa - 2023

Contents:

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

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

The average import price for used pneumatic tyres of rubbers stood at $27.3 per unit in July 2023, rising by 25% against the previous month. In general, the import price continues to indicate a tangible increase. The growth pace was the most rapid in September 2022 an increase of 843% month-to-month. As a result, import price reached the peak level of $38.6 per unit. From October 2022 to July 2023, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was the Netherlands ($127 per unit), while the price for the UK ($10.7 per unit) was amongst the lowest.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by the Netherlands (+12.6%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, the average export price for used pneumatic tyres of rubbers amounted to $33 per unit, picking up by 5.3% against the previous year. In general, the export price saw pronounced growth. The pace of growth was the most pronounced in 2017 an increase of 55%. As a result, the export price reached the peak level of $53 per unit. From 2018 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 Swaziland ($61 per unit), while the average price for exports to India ($14 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 Belgium (+54.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Used Pneumatic Tyres of Rubber in South Africa

In 2022, approx. 115K units of used pneumatic tyres of rubbers were imported into South Africa; picking up by 46% compared with the year before. Over the period under review, imports posted a strong expansion. The growth pace was the most rapid in 2021 when imports increased by 71%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, used pneumatic tyres of rubber imports dropped to $2M in 2022. Overall, imports, however, showed a deep setback. The pace of growth appeared the most rapid in 2021 with an increase of 33% against the previous year. Over the period under review, imports reached the maximum at $2.7M in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Top Suppliers of Used Pneumatic Tyres of Rubber to South Africa in 2022:

1. Botswana (13.7K units)
2. Germany (13.4K units)
3. United Kingdom (8.7K units)
4. Netherlands (8.2K units)
5. Israel (6.9K units)
6. Romania (5.3K units)
7. United States (3.5K units)
8. Japan (2.8K units)
9. Taiwan (Chinese) (2.6K units)

Exports of Used Pneumatic Tyres of Rubber in South Africa

Used pneumatic tyres of rubber exports from South Africa skyrocketed to 55K units in 2022, rising by 69% on 2021. Over the period under review, exports saw a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of 136% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, used pneumatic tyres of rubber exports soared to $1.8M in 2022. Overall, exports recorded a resilient increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

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

1. Zambia (13.5K units)
2. Malawi (13.5K units)
3. Lesotho (7.1K units)
4. Swaziland (5.4K units)
5. Botswana (4.3K units)
6. India (3.5K units)
7. Mozambique (2.6K units)
8. Democratic Republic of the Congo (0.9K units)
9. Zimbabwe (0.5K units)

Source: IndexBox Market Intelligence Platform