Price for Inner Tubes, of Rubber in Ecuador - 2022

Contents:

1. Price for Inner Tubes, of Rubber in Ecuador (CIF) - 2022
2. Price for Inner Tubes, of Rubber in Ecuador (FOB) - 2022
3. Imports of Inner Tubes, of Rubber in Ecuador
4. Exports of Inner Tubes, of Rubber in Ecuador

Price for Inner Tubes, of Rubber in Ecuador (CIF) - 2022

The average inner tubes, of rubber import price stood at $2.4 per unit in January 2022, waning by -11.7% against the previous month. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in September 2021 an increase of 62% m-o-m. The import price peaked at $3.0 per unit in April 2021; however, from May 2021 to January 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In January 2022, the country with the highest price was Thailand ($6.6 per unit), while the price for China ($1.9 per unit) was amongst the lowest.

From January 2021 to January 2022, the most notable rate of growth in terms of prices was attained by Thailand (+13.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Inner Tubes, of Rubber in Ecuador (FOB) - 2022

Ecuador has no trade partners to describe.

Imports of Inner Tubes, of Rubber in Ecuador

In 2022, overseas purchases of inner tubes, of rubbers decreased by -17% to 2.9M units, falling for the second consecutive year after two years of growth. In general, imports showed a pronounced shrinkage. The growth pace was the most rapid in 2020 with an increase of 44%. As a result, imports reached the peak of 4.6M units. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, inner tubes, of rubber imports fell to $3.5M in 2022. The total import value increased at an average annual rate of +5.0% over the period from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 18% against the previous year. Over the period under review, imports reached the peak figure at $4M in 2021, and then declined in the following year.

Top Suppliers of Inner Tubes, of Rubber to Ecuador in 2022:

1. China (2620.4K units)
2. Vietnam (173.1K units)
3. Hong Kong SAR (28.1K units)
4. Thailand (27.4K units)

Exports of Inner Tubes, of Rubber in Ecuador

Inner tubes, of rubber exports from Ecuador dropped significantly to 1 units in 2022, waning by -98.6% on 2021 figures. In general, exports saw a significant curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 2.8% against the previous year. The exports peaked at 137 units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, inner tubes, of rubber exports declined rapidly to $9 in 2022. Overall, exports faced a precipitous slump. The smallest decline of -9.9% was in 2021. The exports peaked at $815 in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Top Export Markets for Inner Tubes, of Rubber from Ecuador in 2022:

Source: IndexBox Market Intelligence Platform