Price for Used Pneumatic Tyres of Rubber in Sri Lanka - 2021

Contents:

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

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

In 2022, the average export price for used pneumatic tyres of rubbers amounted to $9 per unit, dropping by -50.4% against the previous year. Over the period under review, the export price showed a deep slump. The growth pace was the most rapid in 2020 an increase of 106% against the previous year. As a result, the export price attained the peak level of $56 per unit. From 2021 to 2022, 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 Maldives.

From 2012 to 2022, the rate of growth in terms of prices for India amounted to +35.9% per year.

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

In 2022, the average import price for used pneumatic tyres of rubbers amounted to $25 per unit, which is down by -2.4% against the previous year. In general, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of 42%. Over the period under review, average import prices reached the peak figure at $42 per unit in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($52 per unit), while the price for the UK ($4.7 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+8.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Exports of Used Pneumatic Tyres of Rubber in Sri Lanka

In 2022, the amount of used pneumatic tyres of rubbers exported from Sri Lanka reduced rapidly to 1.5K units, declining by -76.8% compared with 2021 figures. In general, exports showed a dramatic setback. The growth pace was the most rapid in 2021 with an increase of 737%. As a result, the exports attained the peak of 6.4K units, and then fell significantly in the following year.

In value terms, used pneumatic tyres of rubber exports dropped rapidly to $13K in 2022. Over the period under review, exports showed a precipitous curtailment. The most prominent rate of growth was recorded in 2021 when exports increased by 171%. As a result, the exports reached the peak of $117K, and then declined significantly in the following year.

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

1. Maldives (1.5K units)

Imports of Used Pneumatic Tyres of Rubber in Sri Lanka

After three years of growth, supplies from abroad of used pneumatic tyres of rubbers decreased by -23.3% to 4.1K units in 2022. Overall, imports, however, posted a significant expansion. The pace of growth appeared the most rapid in 2021 when imports increased by 108% against the previous year. As a result, imports attained the peak of 5.3K units, and then shrank sharply in the following year.

In value terms, used pneumatic tyres of rubber imports dropped notably to $104K in 2022. In general, imports, however, saw a prominent increase. The growth pace was the most rapid in 2021 when imports increased by 101% against the previous year. As a result, imports attained the peak of $138K, and then declined markedly in the following year.

Top Suppliers of Used Pneumatic Tyres of Rubber to Sri Lanka in 2022:

1. Japan (3.2K units)
2. United Kingdom (0.6K units)
3. United States (0.2K units)

Source: IndexBox Market Intelligence Platform