Price for Inner Tubes, of Rubber in Finland - 2023

Contents:

1. Price for Inner Tubes, of Rubber in Finland (CIF) - 2023
2. Price for Inner Tubes, of Rubber in Finland (FOB) - 2023
3. Imports of Inner Tubes, of Rubber in Finland
4. Exports of Inner Tubes, of Rubber in Finland

Price for Inner Tubes, of Rubber in Finland (CIF) - 2023

The average inner tubes, of rubber import price stood at $12.3 per unit in July 2023, increasing by 31% against the previous month. Over the period under review, the import price posted tangible growth. The pace of growth appeared the most rapid in October 2022 when the average import price increased by 168% m-o-m. Over the period under review, average import prices hit record highs in July 2023.

There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was Germany ($18.5 per unit), while the price for India ($5.1 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 Vietnam (+40.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Inner Tubes, of Rubber in Finland (FOB) - 2023

The average inner tubes, of rubber export price stood at $12.1 per unit in July 2023, with an increase of 1.6% against the previous month. Over the period from July 2022 to July 2023, it increased at an average monthly rate of +2.1%. The pace of growth was the most pronounced in November 2022 when the average export price increased by 17% month-to-month. The export price peaked at $12.1 per unit in May 2023; afterwards, it flattened through to July 2023.

There were significant differences in the average prices for the major overseas markets. In July 2023, the country with the highest price was Lithuania ($18.6 per unit), while the average price for exports to the Czech Republic ($8.0 per unit) was amongst the lowest.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Switzerland (+5.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Inner Tubes, of Rubber in Finland

Inner tubes, of rubber imports into Finland soared to 1.6M units in 2022, with an increase of 26% compared with 2021. Over the period under review, total imports indicated a prominent expansion from 2019 to 2022: its volume increased at an average annual rate of +11.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +71.0% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 36%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, inner tubes, of rubber imports soared to $6.5M in 2022. Overall, total imports indicated a significant increase from 2019 to 2022: its value increased at an average annual rate of +21.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +78.9% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 33%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

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

1. Poland (374.8K units)
2. China (365.7K units)
3. Germany (300.7K units)
4. Sweden (167.1K units)
5. Denmark (93.0K units)
6. Indonesia (60.2K units)
7. Thailand (49.3K units)
8. Czech Republic (43.4K units)
9. Taiwan (Chinese) (33.6K units)
10. South Korea (2.0K units)

Exports of Inner Tubes, of Rubber in Finland

In 2022, shipments abroad of inner tubes, of rubbers decreased by -3.4% to 136K units for the first time since 2018, thus ending a three-year rising trend. Overall, exports, however, saw significant growth. The pace of growth was the most pronounced in 2021 when exports increased by 79% against the previous year. As a result, the exports attained the peak of 141K units, and then shrank modestly in the following year.

In value terms, inner tubes, of rubber exports reduced rapidly to $3M in 2022. In general, total exports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +9.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +31.7% against 2019 indices. The pace of growth was the most pronounced in 2021 with an increase of 39%. As a result, the exports reached the peak of $3.7M, and then declined rapidly in the following year.

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

1. Estonia (41.4K units)
2. Kazakhstan (18.5K units)
3. Sweden (13.3K units)
4. United States (8.9K units)
5. Germany (8.2K units)
6. Poland (5.2K units)
7. Norway (5.0K units)
8. Russia (4.1K units)
9. France (3.3K units)
10. Brazil (2.8K units)
11. Netherlands (2.6K units)
12. Australia (2.1K units)
13. Latvia (2.1K units)

Source: IndexBox Market Intelligence Platform