Price for Inner Tubes, of Rubber in Latvia - 2023

Contents:

1. Price for Inner Tubes, of Rubber in Latvia (CIF) - 2023
2. Price for Inner Tubes, of Rubber in Latvia (FOB) - 2022
3. Imports of Inner Tubes, of Rubber in Latvia
4. Exports of Inner Tubes, of Rubber in Latvia

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

The average inner tubes, of rubber import price stood at $11.6 per unit in September 2023, rising by 42% against the previous month. Overall, the import price showed a temperate expansion. The most prominent rate of growth was recorded in March 2023 an increase of 87% against the previous month. Over the period under review, average import prices hit record highs at $14.6 per unit in October 2022; however, from November 2022 to September 2023, import prices remained at a lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Germany ($17.8 per unit), while the price for Taiwan (Chinese) ($3.4 per unit) was amongst the lowest.

From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Slovakia (+26.6%), while the prices for the other major suppliers experienced more modest paces of growth.

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

The average inner tubes, of rubber export price stood at $5.4 per unit in 2022, jumping by 16% against the previous year. Overall, the export price, however, showed a abrupt downturn. The pace of growth was the most pronounced in 2016 when the average export price increased by 39%. The export price peaked at $9.2 per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Kazakhstan ($11 per unit), while the average price for exports to Romania ($0.7 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 Belarus (+3.2%), while the prices for the other major destinations experienced a decline.

Imports of Inner Tubes, of Rubber in Latvia

In 2022, inner tubes, of rubber imports into Latvia stood at 345K units, remaining stable against the previous year's figure. The total import volume increased at an average annual rate of +12.8% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 with an increase of 38% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, inner tubes, of rubber imports reduced modestly to $1.6M in 2022. The total import value increased at an average annual rate of +11.9% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 26% against the previous year. As a result, imports attained the peak of $1.6M, leveling off in the following year.

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

1. China (199.6K units)
2. Poland (41.7K units)
3. Germany (37.9K units)
4. Estonia (18.7K units)
5. Lithuania (11.8K units)
6. South Korea (10.2K units)
7. Czech Republic (6.8K units)
8. Slovakia (1.9K units)

Exports of Inner Tubes, of Rubber in Latvia

After three years of growth, overseas shipments of inner tubes, of rubbers decreased by -15.5% to 162K units in 2022. Over the period under review, total exports indicated a significant increase from 2019 to 2022: its volume increased at an average annual rate of +21.0% 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 +77.2% against 2019 indices. The pace of growth appeared the most rapid in 2020 when exports increased by 57%. Over the period under review, the exports attained the peak figure at 192K units in 2021, and then dropped dramatically in the following year.

In value terms, inner tubes, of rubber exports shrank modestly to $878K in 2022. Overall, total exports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +16.3% 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 +57.2% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 54% against the previous year. As a result, the exports reached the peak of $899K, and then dropped modestly in the following year.

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

1. Russia (75.9K units)
2. Lithuania (33.6K units)
3. Estonia (25.5K units)
4. Ukraine (11.5K units)
5. Romania (6.5K units)
6. Kazakhstan (4.9K units)

Source: IndexBox Market Intelligence Platform