Price for Inner Tubes, of Rubber in Indonesia - 2022

Contents:

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

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

The average inner tubes, of rubber export price stood at $1.8 per unit in March 2022, with an increase of 3.9% against the previous month. Over the period under review, the export price, however, recorded a abrupt downturn. The growth pace was the most rapid in August 2021 when the average export price increased by 18% m-o-m. Over the period under review, the average export prices attained the peak figure at $5.9 per unit in January 2022; however, from February 2022 to March 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In March 2022, the country with the highest price was Vietnam ($3.8 per unit), while the average price for exports to Cambodia ($1.5 per unit) was amongst the lowest.

From March 2021 to March 2022, the most notable rate of growth in terms of prices was recorded for supplies to Bulgaria (0.0%), while the prices for the other major destinations experienced a decline.

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

The average inner tubes, of rubber import price stood at $5.3 per unit in March 2022, which is down by -10.4% against the previous month. Over the period under review, the import price, however, enjoyed a prominent increase. The pace of growth was the most pronounced in February 2022 when the average import price increased by 168% month-to-month. As a result, import price reached the peak level of $5.9 per unit, and then contracted in the following month.

There were significant differences in the average prices amongst the major supplying countries. In March 2022, the country with the highest price was India ($6.7 per unit), while the price for Austria ($1.2 per unit) was amongst the lowest.

From March 2021 to March 2022, the most notable rate of growth in terms of prices was attained by Bangladesh (+26.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Inner Tubes, of Rubber in Indonesia

Inner tubes, of rubber exports from Indonesia surged to 15M units in 2022, picking up by 27% against 2021. In general, exports showed a significant increase. The pace of growth appeared the most rapid in 2021 when exports increased by 77% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are likely to continue growth in years to come.

In value terms, inner tubes, of rubber exports soared to $35M in 2022. Overall, exports showed significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 71% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

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

1. United States (3.0M units)
2. Brazil (2.2M units)
3. Italy (1.7M units)
4. Vietnam (1.7M units)
5. France (1.0M units)
6. Germany (0.9M units)
7. Netherlands (0.7M units)
8. Thailand (0.4M units)
9. Egypt (0.3M units)
10. United Kingdom (0.3M units)
11. Colombia (0.3M units)

Imports of Inner Tubes, of Rubber in Indonesia

For the fourth consecutive year, Indonesia recorded growth in supplies from abroad of inner tubes, of rubbers, which increased by 20% to 5.1M units in 2022. Over the period under review, total imports indicated buoyant growth from 2019 to 2022: its volume increased at an average annual rate of +17.7% 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 +62.9% against 2019 indices. The pace of growth was the most pronounced in 2021 when imports increased by 22%. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in the immediate term.

In value terms, inner tubes, of rubber imports surged to $30M in 2022. In general, imports recorded significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 45% against the previous year. Over the period under review, imports attained the maximum in 2022 and are likely to see steady growth in the immediate term.

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

1. China (1999.3K units)
2. Vietnam (1087.8K units)
3. Thailand (567.1K units)
4. South Korea (564.5K units)
5. India (544.5K units)
6. Taiwan (Chinese) (120.8K units)

Source: IndexBox Market Intelligence Platform