Price for Inner Tubes, of Rubber in Iraq - 2022

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

In 2022, the average inner tubes, of rubber import price amounted to $2.1 per unit, growing by 24% against the previous year. Over the period under review, the import price, however, recorded a perceptible contraction. The growth pace was the most rapid in 2019 an increase of 36%. The import price peaked at $2.9 per unit in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

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 South Korea ($8.4 per unit), while the price for Kuwait ($0.6 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 Arab Emirates (+7.5%), while the prices for the other major suppliers experienced more modest paces of growth.

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

The average inner tubes, of rubber export price stood at $4.8 per unit in 2020, shrinking by -32.4% against the previous year. Overall, the export price continues to indicate a precipitous setback. The export price peaked at $26 per unit in 2014; however, from 2015 to 2020, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Iran.

From 2014 to 2020, the rate of growth in terms of prices for Iran amounted to -32.4% per year.

Imports of Inner Tubes, of Rubber in Iraq

In 2022, purchases abroad of inner tubes, of rubbers decreased by -7.4% to 7.4M units for the first time since 2018, thus ending a three-year rising trend. The total import volume increased at an average annual rate of +9.9% 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 imports increased by 23%. Over the period under review, imports attained the peak figure at 8M units in 2021, and then dropped in the following year.

In value terms, inner tubes, of rubber imports totaled $15M in 2022. The total import value increased at an average annual rate of +5.8% over the period from 2019 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Import of Inner Tubes, of Rubber in Iraq (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	3.5	7.3	4.9	7.1	26.6%
United Arab Emirates	2.5	1.1	1.5	2.4	-1.4%
India	1.9	1.7	2.3	2.1	3.4%
South Korea	3.0	2.6	2.4	1.0	-30.7%
Thailand	1.6	1.4	1.0	0.9	-17.5%
Vietnam	0.1	0.2	0.3	0.8	100.0%
Pakistan	N/A	0.1	0.5	0.4	100.0%
Kuwait	0.1	0.2	0.2	0.2	26.0%
Others	0.2	0.3	0.5	0.4	26.0%
Total	13.0	14.8	13.4	15.4	5.8%

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

China (2555.3K units)
India (2066.3K units)
Thailand (1123.9K units)
Pakistan (457.4K units)
Kuwait (363.4K units)
United Arab Emirates (318.2K units)
Vietnam (299.5K units)
South Korea (121.7K units)

Exports of Inner Tubes, of Rubber in Iraq

Inner tubes, of rubber exports from Iraq declined modestly to 597 units in 2020, remaining constant against the year before. In general, exports showed a relatively flat trend pattern. Over the period under review, the exports reached the maximum at 598 units in 2019, and then contracted modestly in the following year.

In value terms, inner tubes, of rubber exports shrank rapidly to $2.9K in 2020. Overall, exports saw a precipitous descent. The exports peaked at $4.3K in 2019, and then reduced rapidly in the following year.