Price for Inner Tubes, of Rubber in South Africa - 2023
Contents:
- Price for Inner Tubes, of Rubber in South Africa (CIF) - 2023
- Price for Inner Tubes, of Rubber in South Africa (FOB) - 2022
- Imports of Inner Tubes, of Rubber in South Africa
- Exports of Inner Tubes, of Rubber in South Africa
Price for Inner Tubes, of Rubber in South Africa (CIF) - 2023
In July 2023, the average inner tubes, of rubber import price amounted to $4.7 per unit, growing by 142% against the previous month. In general, the import price, however, saw a pronounced curtailment. Over the period under review, average import prices attained the peak figure at $6.0 per unit in July 2022; however, from August 2022 to July 2023, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was Poland ($13.9 per unit), while the price for India ($2.4 per unit) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+0.2%), while the prices for the other major suppliers experienced a decline.
Price for Inner Tubes, of Rubber in South Africa (FOB) - 2022
In 2022, the average inner tubes, of rubber export price amounted to $10 per unit, picking up by 22% against the previous year. Over the period under review, the export price continues to indicate a strong increase. The pace of growth appeared the most rapid in 2020 an increase of 35% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is likely to see gradual growth in years to come.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Zimbabwe ($19 per unit), while the average price for exports to Namibia ($5.4 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 Zimbabwe (+12.9%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Inner Tubes, of Rubber in South Africa
In 2022, inner tubes, of rubber imports into South Africa declined significantly to 2.4M units, waning by -44.5% against the previous year's figure. In general, imports showed a perceptible contraction. The growth pace was the most rapid in 2021 when imports increased by 56%. As a result, imports attained the peak of 4.4M units, and then plummeted in the following year.
In value terms, inner tubes, of rubber imports shrank sharply to $9.1M in 2022. Over the period under review, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 58%. As a result, imports reached the peak of $12M, and then dropped rapidly in the following year.
| Import of Inner Tubes, of Rubber in South Africa (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 5.5 | 3.3 | 5.7 | 4.6 | -5.8% |
| Poland | 0.8 | 1.4 | 1.9 | 2.1 | 37.9% |
| India | 0.5 | 0.6 | 1.3 | 0.7 | 11.9% |
| Vietnam | 0.3 | 0.6 | 0.6 | 0.5 | 18.6% |
| South Korea | 0.2 | 0.6 | 1.1 | 0.4 | 26.0% |
| Taiwan (Chinese) | 0.4 | 0.3 | 0.3 | 0.3 | -9.1% |
| Thailand | 0.1 | 0.1 | 0.1 | 0.1 | 0.0% |
| Others | 1.4 | 0.6 | 0.5 | 0.5 | -29.1% |
| Total | 9.2 | 7.3 | 11.5 | 9.1 | -0.4% |
Top Suppliers of Inner Tubes, of Rubber to South Africa in 2022:
- China (1403.6K units)
- India (442.6K units)
- Poland (169.6K units)
- Vietnam (111.6K units)
- Taiwan (Chinese) (81.3K units)
- Thailand (71.6K units)
- South Korea (59.8K units)
Exports of Inner Tubes, of Rubber in South Africa
Inner tubes, of rubber exports from South Africa contracted markedly to 160K units in 2022, with a decrease of -30.1% compared with the previous year. In general, exports continue to indicate a precipitous decline. The most prominent rate of growth was recorded in 2021 with an increase of 0.9% against the previous year. The exports peaked at 315K units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
In value terms, inner tubes, of rubber exports dropped markedly to $1.6M in 2022. The total export value increased at an average annual rate of +1.6% over the period from 2019 to 2022; however, the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 27% against the previous year. As a result, the exports reached the peak of $1.9M, and then declined rapidly in the following year.
| Export of Inner Tubes, of Rubber in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Namibia | 416 | 275 | 383 | 333 | -7.1% |
| Zimbabwe | 150 | 232 | 226 | 268 | 21.3% |
| Botswana | 274 | 220 | 368 | 228 | -5.9% |
| Zambia | 135 | 136 | 194 | 173 | 8.6% |
| Swaziland | 169 | 160 | 187 | 169 | 0.0% |
| Netherlands | N/A | 240 | 139 | 107 | -33.2% |
| Mozambique | 121 | 45.8 | 82.9 | 81.1 | -12.5% |
| Lesotho | 48.4 | 61.2 | 90.4 | 52.7 | 2.9% |
| Others | 241 | 145 | 252 | 219 | -3.1% |
| Total | 1,554 | 1,515 | 1,923 | 1,633 | 1.7% |
Top Export Markets for Inner Tubes, of Rubber from South Africa in 2022:
- Namibia (62.0K units)
- Botswana (24.6K units)
- Swaziland (16.0K units)
- Zimbabwe (14.2K units)
- Zambia (11.8K units)
- Lesotho (7.4K units)
- Mozambique (4.5K units)
- Netherlands (4.4K units)
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