Price for Inner Tubes, of Rubber in Thailand - 2023
Contents:
- Price for Inner Tubes, of Rubber in Thailand (FOB) - 2023
- Price for Inner Tubes, of Rubber in Thailand (CIF) - 2022
- Exports of Inner Tubes, of Rubber in Thailand
- Imports of Inner Tubes, of Rubber in Thailand
Price for Inner Tubes, of Rubber in Thailand (FOB) - 2023
The average inner tubes, of rubber export price stood at $1.6 per unit in September 2023, surging by 4.6% against the previous month. Overall, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in June 2023 when the average export price increased by 9.4% m-o-m. Over the period under review, the average export prices attained the maximum in September 2023.
There were significant differences in the average prices for the major export markets. In September 2023, the country with the highest price was Canada ($8.6 per unit), while the average price for exports to South Africa ($395 per thousand units) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+15.9%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Inner Tubes, of Rubber in Thailand (CIF) - 2022
The average inner tubes, of rubber import price stood at $4.6 per unit in 2022, growing by 24% against the previous year. Over the period under review, the import price enjoyed resilient growth. The pace of growth appeared the most rapid in 2019 an increase of 42% against the previous year. The import price peaked in 2022 and is expected to retain growth in the near future.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Korea ($12 per unit), while the price for Indonesia ($1.4 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+17.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Inner Tubes, of Rubber in Thailand
In 2022, shipments abroad of inner tubes, of rubbers decreased by -11% to 58M units for the first time since 2018, thus ending a three-year rising trend. The total export volume increased at an average annual rate of +4.1% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2020 when exports increased by 14%. The exports peaked at 65M units in 2021, and then declined in the following year.
In value terms, inner tubes, of rubber exports contracted to $77M in 2022. Over the period under review, exports showed a pronounced decrease. The most prominent rate of growth was recorded in 2021 when exports increased by 7.9%. Over the period under review, the exports hit record highs at $86M in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
| Export of Inner Tubes, of Rubber in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Cambodia | 21.9 | 15.1 | 13.8 | 13.3 | -15.3% |
| Italy | 2.3 | 2.3 | 3.8 | 5.0 | 29.5% |
| United States | 3.0 | 4.0 | 4.7 | 4.5 | 14.5% |
| Spain | 1.0 | 1.2 | 1.2 | 3.3 | 48.9% |
| Philippines | 3.5 | 3.5 | 3.7 | 3.0 | -5.0% |
| United Kingdom | 2.2 | 3.0 | 2.4 | 3.0 | 10.9% |
| Portugal | 2.0 | 1.7 | 2.2 | 2.7 | 10.5% |
| Lao People's Democratic Republic | 2.9 | 3.0 | 2.6 | 2.6 | -3.6% |
| Belgium | 0.4 | 2.0 | 4.5 | 2.6 | 86.6% |
| Romania | 1.4 | 1.6 | 1.9 | 1.9 | 10.7% |
| Canada | 1.2 | 1.3 | 2.2 | 1.8 | 14.5% |
| Iraq | 2.0 | 1.8 | 1.2 | 1.4 | -11.2% |
| Poland | 1.0 | 1.1 | 1.9 | 1.4 | 11.9% |
| Others | 41.6 | 34.4 | 35.8 | 30.8 | -9.5% |
| Total | 86.4 | 75.9 | 81.9 | 77.3 | -3.6% |
Top Export Markets for Inner Tubes, of Rubber from Thailand in 2022:
- Cambodia (11.0M units)
- Italy (6.0M units)
- Portugal (3.8M units)
- Spain (3.0M units)
- United Kingdom (2.7M units)
- Romania (2.5M units)
- Belgium (2.4M units)
- Philippines (2.3M units)
- United States (1.9M units)
- Lao People's Democratic Republic (1.6M units)
- Poland (1.6M units)
- Iraq (1.5M units)
- Canada (1.4M units)
Imports of Inner Tubes, of Rubber in Thailand
In 2022, approx. 4.2M units of inner tubes, of rubbers were imported into Thailand; which is down by -4.7% against the previous year's figure. In general, imports showed a slight slump. The most prominent rate of growth was recorded in 2021 with an increase of 13% against the previous year. As a result, imports attained the peak of 4.4M units, and then declined modestly in the following year.
In value terms, inner tubes, of rubber imports surged to $19M in 2022. Over the period under review, total imports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +5.4% 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 +60.4% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 36%. Imports peaked in 2022 and are expected to retain growth in the near future.
| Import of Inner Tubes, of Rubber in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 6.2 | 5.5 | 6.4 | 8.5 | 11.1% |
| Vietnam | 3.3 | 3.5 | 4.3 | 3.8 | 4.8% |
| South Korea | 4.4 | 1.6 | 3.2 | 3.8 | -4.8% |
| Indonesia | 0.1 | N/A | 0.5 | 0.9 | 108.0% |
| India | 0.2 | 0.1 | 0.5 | 0.6 | 44.2% |
| Malaysia | 0.7 | 0.5 | 0.4 | 0.4 | -17.0% |
| Taiwan (Chinese) | 0.3 | 0.1 | 0.1 | 0.1 | -30.7% |
| Others | 1.1 | 0.6 | 0.8 | 1.0 | -3.1% |
| Total | 16.4 | 11.9 | 16.2 | 19.1 | 5.2% |
Top Suppliers of Inner Tubes, of Rubber to Thailand in 2022:
- China (2199.4K units)
- Vietnam (772.5K units)
- Indonesia (633.0K units)
- South Korea (307.0K units)
- India (67.0K units)
- Taiwan (Chinese) (63.7K units)
- Malaysia (60.0K units)
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