Price for Inner Tubes, of Rubber in Vietnam - 2021

Contents:

1. Price for Inner Tubes, of Rubber in Vietnam (FOB) - 2021
2. Price for Inner Tubes, of Rubber in Vietnam (CIF) - 2021
3. Exports of Inner Tubes, of Rubber in Vietnam
4. Imports of Inner Tubes, of Rubber in Vietnam

Price for Inner Tubes, of Rubber in Vietnam (FOB) - 2021

In December 2021, the average inner tubes, of rubber export price amounted to $4.4 per unit, with a decrease of -6.7% against the previous month. Over the period under review, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in November 2021 when the average export price increased by 7.7% month-to-month. Over the period under review, the average export prices reached the peak figure at $4.8 per unit in December 2020; however, from January 2021 to December 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In December 2021, the country with the highest price was South Korea ($5.8 per unit), while the average price for exports to Egypt ($3.2 per unit) was amongst the lowest.

From December 2020 to December 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (-0.2%), while the prices for the other major destinations experienced a decline.

Price for Inner Tubes, of Rubber in Vietnam (CIF) - 2021

In December 2021, the average inner tubes, of rubber import price amounted to $4.0 per unit, flattening at the previous month. In general, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in January 2021 when the average import price increased by 6.6% month-to-month. The import price peaked at $4.0 per unit in June 2021; afterwards, it flattened through to December 2021.

Prices varied noticeably by the country of origin: the country with the highest price was Taiwan (Chinese) ($6.2 per unit), while the price for South Korea ($3.6 per unit) was amongst the lowest.

From December 2020 to December 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+2.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Inner Tubes, of Rubber in Vietnam

After three years of growth, shipments abroad of inner tubes, of rubbers decreased by -15.9% to 57M units in 2022. In general, total exports indicated a buoyant expansion from 2019 to 2022: its volume increased at an average annual rate of +10.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +34.1% against 2019 indices. The pace of growth was the most pronounced in 2021 when exports increased by 48% against the previous year. As a result, the exports reached the peak of 68M units, and then declined significantly in the following year.

In value terms, inner tubes, of rubber exports contracted sharply to $91M in 2022. The total export value increased at an average annual rate of +2.2% 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 when exports increased by 43%. As a result, the exports reached the peak of $108M, and then contracted sharply in the following year.

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

1. Netherlands (13.3M units)
2. Germany (12.9M units)
3. Cambodia (3.5M units)
4. Japan (3.2M units)
5. United Kingdom (2.6M units)
6. Dominica (1.7M units)
7. Mali (1.5M units)
8. United States (1.4M units)
9. South Korea (1.1M units)

Imports of Inner Tubes, of Rubber in Vietnam

In 2022, after two years of decline, there was significant growth in supplies from abroad of inner tubes, of rubbers, when their volume increased by 102% to 3.8M units. In general, imports, however, continue to indicate a deep setback. Imports peaked at 6.4M units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, inner tubes, of rubber imports surged to $13M in 2022. Overall, imports, however, continue to indicate a abrupt curtailment. Over the period under review, imports attained the maximum at $20M in 2019; however, from 2020 to 2022, imports failed to regain momentum.

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

1. China (1377.7K units)
2. Thailand (1005.9K units)
3. Indonesia (689.1K units)
4. South Korea (195.3K units)
5. Taiwan (Chinese) (170.6K units)
6. Lao People's Democratic Republic (145.8K units)
7. Germany (59.5K units)

Source: IndexBox Market Intelligence Platform