Price for New Pneumatic Tyres, of Rubber in Lithuania - 2023

Contents:

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

Price for New Pneumatic Tyres, of Rubber in Lithuania (CIF) - 2022

The average import price for new pneumatic tyres, of rubbers stood at $71 per unit in 2022, increasing by 8.9% against the previous year. In general, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when the average import price increased by 13%. Over the period under review, average import prices attained the maximum in 2022 and is likely to continue growth in the near future.

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 Russia ($189 per unit), while the price for the Netherlands ($17 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Estonia (+6.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for New Pneumatic Tyres, of Rubber in Lithuania (FOB) - 2022

The average export price for new pneumatic tyres, of rubbers stood at $145 per unit in 2022, growing by 20% against the previous year. Over the period under review, export price indicated a slight expansion from 2012 to 2022: its price increased at an average annual rate of +1.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, new pneumatic tyres, of rubber export price increased by +59.0% against 2020 indices. The growth pace was the most rapid in 2021 an increase of 32% against the previous year. The export price peaked in 2022 and is likely to see gradual growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Czech Republic ($289 per unit), while the average price for exports to the United States ($26 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 Germany (+8.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of New Pneumatic Tyres, of Rubber in Lithuania

In 2022, the amount of new pneumatic tyres, of rubbers imported into Lithuania shrank to 3.2M units, waning by -5.2% on the previous year's figure. The total import volume increased at an average annual rate of +3.3% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 23%. As a result, imports reached the peak of 3.4M units, and then reduced in the following year.

In value terms, new pneumatic tyres, of rubber imports expanded modestly to $228M in 2022. Over the period under review, total imports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +14.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +48.5% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 35%. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in the immediate term.

Top Suppliers of New Pneumatic Tyres, of Rubber to Lithuania in 2022:

1. China (806.9K units)
2. Poland (434.1K units)
3. Latvia (385.0K units)
4. Germany (364.5K units)
5. Netherlands (266.4K units)
6. Estonia (201.2K units)
7. Vietnam (189.1K units)
8. Czech Republic (101.5K units)
9. South Korea (83.6K units)
10. Belgium (62.4K units)
11. Serbia (50.5K units)
12. Russia (39.1K units)

Exports of New Pneumatic Tyres, of Rubber in Lithuania

In 2022, after three years of growth, there was significant decline in overseas shipments of new pneumatic tyres, of rubbers, when their volume decreased by -18.5% to 617K units. The total export volume increased at an average annual rate of +4.4% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 when exports increased by 19% against the previous year. The exports peaked at 756K units in 2021, and then plummeted in the following year.

In value terms, new pneumatic tyres, of rubber exports dropped modestly to $90M in 2022. In general, exports, however, continue to indicate a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 55% against the previous year. As a result, the exports attained the peak of $92M, and then contracted modestly in the following year.

Top Export Markets for New Pneumatic Tyres, of Rubber from Lithuania in 2022:

1. Latvia (124.9K units)
2. Russia (121.0K units)
3. Poland (65.7K units)
4. Germany (58.5K units)
5. Estonia (58.3K units)
6. Kazakhstan (26.1K units)
7. Netherlands (22.9K units)
8. Finland (16.5K units)
9. United States (15.4K units)
10. Czech Republic (14.4K units)
11. Belgium (13.1K units)
12. Ukraine (10.3K units)

Source: IndexBox Market Intelligence Platform