Price for Inner Tubes, of Rubber in Libya - 2022
Contents:
Price for Inner Tubes, of Rubber in Libya (CIF) - 2022
The average inner tubes, of rubber import price stood at $6.3 per unit in 2022, increasing by 39% against the previous year. Overall, import price indicated slight growth from 2012 to 2022: its price increased at an average annual rate of +1.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2014 an increase of 87% against the previous year. As a result, import price reached the peak level of $8.4 per unit. From 2015 to 2022, the average import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Korea ($8 per unit), while the price for China ($3.7 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 (+12.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Inner Tubes, of Rubber in Libya
In 2022, approx. 1.1M units of inner tubes, of rubbers were imported into Libya; remaining stable against the year before. Overall, total imports indicated perceptible growth from 2019 to 2022: its volume increased at an average annual rate of +3.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +103.0% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 104% against the previous year. As a result, imports reached the peak of 1.2M units, leveling off in the following year.
In value terms, inner tubes, of rubber imports soared to $7.2M in 2022. In general, imports, however, showed resilient growth. The most prominent rate of growth was recorded in 2021 with an increase of 80%. Imports peaked in 2022 and are likely to continue growth in the immediate term.
| Import of Inner Tubes, of Rubber in Libya (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 4.5 | 2.2 | 3.5 | 5.2 | 4.9% |
| China | 0.7 | 0.4 | 1.1 | 1.6 | 31.7% |
| United Arab Emirates | 0.1 | 0.2 | 0.4 | 0.2 | 26.0% |
| Others | 0.3 | 0.2 | 0.2 | 0.2 | -12.6% |
| Total | 5.6 | 2.9 | 5.3 | 7.2 | 8.7% |
Top Suppliers of Inner Tubes, of Rubber to Libya in 2022:
- South Korea (650.0K units)
- China (443.3K units)
- United Arab Emirates (29.3K units)
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