Price for New Pneumatic Tyres Having Herring-Bone or Similar Tread, for Light Industrial Vehicles in South Korea - 2022
Contents:
- Price for New Pneumatic Tyres Having Herring-Bone or Similar Tread, for Light Industrial Vehicles in South Korea (CIF) - 2022
- Price for New Pneumatic Tyres Having Herring-Bone or Similar Tread, for Light Industrial Vehicles in South Korea (FOB) - 2022
- Imports of New Pneumatic Tyres Having Herring-Bone or Similar Tread, for Light Industrial Vehicles in South Korea
- Exports of New Pneumatic Tyres Having Herring-Bone or Similar Tread, for Light Industrial Vehicles in South Korea
Price for New Pneumatic Tyres Having Herring-Bone or Similar Tread, for Light Industrial Vehicles in South Korea (CIF) - 2022
In 2022, the average import price for new pneumatic tyres having herring-bone or similar tread, for light industrial vehicleses amounted to $13 per unit, picking up by 2.5% against the previous year. In general, the import price, however, continues to indicate a mild curtailment. The pace of growth appeared the most rapid in 2013 when the average import price increased by 46% against the previous year. As a result, import price reached the peak level of $22 per unit. From 2014 to 2022, the average import prices remained at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($25 per unit), while the price for Japan ($1 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+4.1%), while the prices for the other major suppliers experienced a decline.
Price for New Pneumatic Tyres Having Herring-Bone or Similar Tread, for Light Industrial Vehicles in South Korea (FOB) - 2022
The average export price for new pneumatic tyres having herring-bone or similar tread, for light industrial vehicleses stood at $139 per unit in 2022, increasing by 19% against the previous year. In general, the export price, however, saw a deep contraction. The most prominent rate of growth was recorded in 2013 when the average export price increased by 34% against the previous year. As a result, the export price attained the peak level of $369 per unit. From 2014 to 2022, the average export prices remained at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy ($349 per unit), while the average price for exports to Canada ($8.6 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 Italy (+3.9%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of New Pneumatic Tyres Having Herring-Bone or Similar Tread, for Light Industrial Vehicles in South Korea
In 2022, overseas purchases of new pneumatic tyres having herring-bone or similar tread, for light industrial vehicleses decreased by -0.3% to 143K units for the first time since 2018, thus ending a three-year rising trend. The total import volume increased at an average annual rate of +4.9% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2020 with an increase of 8.8%. Over the period under review, imports of hit record highs at 143K units in 2021, and then declined in the following year.
In value terms, imports of new pneumatic tyres having herring-bone or similar tread, for light industrial vehicleses expanded slightly to $1.8M in 2022. In general, imports recorded a noticeable contraction. Imports peaked at $2M in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
| Import of New Pneumatic Tyres Having Herring-Bone or Similar Tread, for Light Industrial Vehicles in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1,906 | 1,817 | 1,731 | 1,760 | -2.6% |
| India | 29.7 | 34.6 | 40.2 | 50.0 | 19.0% |
| Austria | 6.1 | 6.9 | 7.8 | 9.4 | 15.5% |
| United Kingdom | 9.4 | 9.1 | 8.8 | 9.0 | -1.4% |
| Japan | 3.8 | 3.3 | 2.8 | 2.5 | -13.0% |
| Others | 4.6 | 4.2 | 4.0 | 4.1 | -3.8% |
| Total | 1,960 | 1,875 | 1,795 | 1,835 | -2.2% |
Top Suppliers of New Pneumatic Tyres Having Herring-Bone or Similar Tread, for Light Industrial Vehicles to South Korea in 2022:
- China (71.5K units)
- India (46.8K units)
- Austria (8.9K units)
- United Kingdom (8.5K units)
- Japan (2.5K units)
Exports of New Pneumatic Tyres Having Herring-Bone or Similar Tread, for Light Industrial Vehicles in South Korea
In 2022, the amount of new pneumatic tyres having herring-bone or similar tread, for light industrial vehicleses exported from South Korea dropped modestly to 274 units, approximately reflecting the previous year's figure. Over the period under review, exports showed a deep setback. The exports peaked at 437 units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, exports of new pneumatic tyres having herring-bone or similar tread, for light industrial vehicleses soared to $38K in 2022. In general, exports recorded a abrupt contraction. Over the period under review, the exports of hit record highs at $55K in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
| Export of New Pneumatic Tyres Having Herring-Bone or Similar Tread, for Light Industrial Vehicles in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 12.4 | 10.9 | 8.7 | 10.8 | -4.5% |
| Libya | 10.5 | 9.2 | 7.4 | 9.1 | -4.7% |
| Madagascar | 9.5 | 8.3 | 6.7 | 8.3 | -4.4% |
| United Arab Emirates | 1.3 | 1.2 | 0.9 | 1.2 | -2.6% |
| Costa Rica | 1.5 | 1.2 | 0.9 | 1.0 | -12.6% |
| Saudi Arabia | 3.9 | 2.3 | 1.2 | 1.0 | -36.5% |
| Lebanon | 1.2 | 1.0 | 0.8 | 0.9 | -9.1% |
| Malaysia | 2.3 | 1.5 | 0.9 | 0.9 | -26.9% |
| Egypt | 1.9 | 1.1 | 0.6 | 0.5 | -35.9% |
| Canada | 0.2 | 0.1 | 0.1 | 0.1 | -20.6% |
| Others | 10.0 | 6.7 | 4.3 | 4.3 | -24.5% |
| Total | 54.6 | 43.6 | 32.6 | 38.1 | -11.3% |
Top Export Markets for New Pneumatic Tyres Having Herring-Bone or Similar Tread, for Light Industrial Vehicles from South Korea in 2022:
- Malaysia (64.0 units)
- Libya (45.0 units)
- Madagascar (41.0 units)
- Italy (31.0 units)
- Egypt (23.0 units)
- Canada (8.0 units)
- United Arab Emirates (6.0 units)
- Lebanon (5.0 units)
- Costa Rica (5.0 units)
- Saudi Arabia (5.0 units)
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