Price for Inner Tubes, of Rubber in Paraguay - 2023

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

The average inner tubes, of rubber import price stood at $5.9 per unit in November 2023, rising by 5.4% against the previous month. Overall, the import price, however, saw a noticeable setback. The growth pace was the most rapid in February 2023 when the average import price increased by 148% against the previous month. Over the period under review, average import prices hit record highs at $9.4 per unit in November 2022; however, from December 2022 to November 2023, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In November 2023, the country with the highest price was Brazil ($6.2 per unit), while the price for Vietnam ($5.9 per unit) was amongst the lowest.

From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by China (+1.6%), while the prices for the other major suppliers experienced more modest paces of growth.

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

The average inner tubes, of rubber export price stood at $7.6 per unit in 2022, shrinking by -7.9% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the average export price increased by 55% against the previous year. Over the period under review, the average export prices attained the maximum at $8.2 per unit in 2021, and then dropped in the following year.

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

From 2012 to 2022, the rate of growth in terms of prices for Brazil amounted to +0.8% per year.

Imports of Inner Tubes, of Rubber in Paraguay

For the fourth consecutive year, Paraguay recorded growth in overseas purchases of inner tubes, of rubbers, which increased by 23% to 1.6M units in 2022. 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. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, inner tubes, of rubber imports soared to $7.4M in 2022. In general, total imports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +18.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +64.3% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Import of Inner Tubes, of Rubber in Paraguay (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	2,594	2,449	2,601	4,359	18.9%
Vietnam	444	852	1,340	1,400	46.6%
Brazil	1,099	842	1,101	987	-3.5%
South Korea	132	191	233	336	36.5%
Indonesia	140	760	374	283	26.4%
Thailand	60.8	48.2	128	6.3	-53.0%
Others	51.8	45.9	91.3	60.7	5.4%
Total	4,522	5,187	5,870	7,431	18.0%

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

China (1092.2K units)
Vietnam (259.2K units)
Brazil (170.2K units)
Indonesia (56.0K units)
South Korea (47.2K units)
Thailand (4.6K units)

Exports of Inner Tubes, of Rubber in Paraguay

In 2022, the amount of inner tubes, of rubbers exported from Paraguay expanded rapidly to 31K units, increasing by 8.8% against the year before. Over the period under review, exports enjoyed significant growth. The pace of growth was the most pronounced in 2020 when exports increased by 170%. As a result, the exports attained the peak of 37K units. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, inner tubes, of rubber exports stood at $231K in 2022. In general, exports posted significant growth. The pace of growth appeared the most rapid in 2020 with an increase of 155%. The exports peaked in 2022 and are likely to continue growth in the near future.