Price for Used Pneumatic Tyres of Rubber in South Korea - 2022

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

The average export price for used pneumatic tyres of rubbers stood at $15 per unit in 2022, falling by -5.7% against the previous year. In general, the export price, however, recorded a buoyant increase. The pace of growth was the most pronounced in 2018 an increase of 62%. As a result, the export price reached the peak level of $18 per unit. From 2019 to 2022, the average export prices remained at a somewhat lower figure.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Guatemala ($15 per unit) and the United States ($15 per unit), while the average price for exports to Tajikistan ($15 per unit) and Nicaragua ($15 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 Tajikistan (+7.6%), while the prices for the other major destinations experienced more modest paces of growth.

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

The average import price for used pneumatic tyres of rubbers stood at $25 per unit in 2022, therefore, remained relatively stable against the previous year. Overall, the import price, however, saw a noticeable decrease. The most prominent rate of growth was recorded in 2014 an increase of 28%. As a result, import price attained the peak level of $54 per unit. From 2015 to 2022, the average import prices remained at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Japan ($24 per unit), while the price for Australia ($19 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (-4.2%), while the prices for the other major suppliers experienced a decline.

Exports of Used Pneumatic Tyres of Rubber in South Korea

In 2022, after three years of growth, there was significant decline in shipments abroad of used pneumatic tyres of rubbers, when their volume decreased by -7.2% to 826K units. The total export volume increased at an average annual rate of +6.1% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 26%. As a result, the exports attained the peak of 890K units, and then declined in the following year.

In value terms, used pneumatic tyres of rubber exports shrank to $12M in 2022. The total export value increased at an average annual rate of +5.0% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 33%. As a result, the exports attained the peak of $14M, and then contracted in the following year.

Export of Used Pneumatic Tyres of Rubber in South Korea (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United States	2.8	3.1	1.8	2.6	-2.4%
Dominican Republic	1.4	1.9	3.4	2.5	21.3%
Guatemala	1.3	1.4	2.5	1.9	13.5%
Honduras	1.4	1.2	1.4	1.3	-2.4%
El Salvador	0.8	0.7	1.6	1.2	14.5%
Nicaragua	0.4	0.3	0.5	0.4	0.0%
Ghana	0.3	0.3	0.3	0.3	0.0%
Trinidad and Tobago	0.1	0.1	0.3	0.2	26.0%
Tajikistan	0.3	0.2	0.1	0.2	-12.6%
Others	1.9	1.7	2.4	2.0	1.7%
Total	10.8	10.7	14.2	12.4	4.7%

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

United States (169.6K units)
Dominican Republic (168.3K units)
Guatemala (126.6K units)
Honduras (83.2K units)
El Salvador (80.0K units)
Nicaragua (23.5K units)
Ghana (17.5K units)
Tajikistan (13.3K units)
Trinidad and Tobago (13.2K units)

Imports of Used Pneumatic Tyres of Rubber in South Korea

In 2022, overseas purchases of used pneumatic tyres of rubbers were finally on the rise to reach 140K units for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, saw a abrupt contraction. Imports peaked at 200K units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, used pneumatic tyres of rubber imports expanded notably to $3.4M in 2022. Overall, imports, however, continue to indicate a abrupt slump. Over the period under review, imports attained the maximum at $5.1M in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Import of Used Pneumatic Tyres of Rubber in South Korea (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Japan	4.2	3.2	2.7	2.9	-11.6%
Australia	0.4	0.2	0.2	0.2	-20.6%
China	0.2	0.1	N/A	0.1	-20.6%
Others	0.4	0.2	0.2	0.2	-20.6%
Total	5.1	3.7	3.1	3.4	-12.6%