Price for New Pneumatic Tyres, of Rubber in Bangladesh - 2022

Contents:

1. Price for New Pneumatic Tyres, of Rubber in Bangladesh (CIF) - 2022
2. Price for New Pneumatic Tyres, of Rubber in Bangladesh (FOB) - 2022
3. Imports of New Pneumatic Tyres, of Rubber in Bangladesh
4. Exports of New Pneumatic Tyres, of Rubber in Bangladesh

Price for New Pneumatic Tyres, of Rubber in Bangladesh (CIF) - 2022

In 2022, the average import price for new pneumatic tyres, of rubbers amounted to $44 per unit, standing approx. at the previous year. Over the period under review, the import price, however, continues to indicate a mild setback. The pace of growth was the most pronounced in 2018 an increase of 54%. Over the period under review, average import prices reached the peak figure at $70 per unit in 2013; however, from 2014 to 2022, import prices remained at a 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 Japan ($96 per unit), while the price for Vietnam ($20 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+7.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for New Pneumatic Tyres, of Rubber in Bangladesh (FOB) - 2022

In 2022, the average export price for new pneumatic tyres, of rubbers amounted to $86 per unit, standing approx. at the previous year. Overall, the export price continues to indicate a noticeable decline. The most prominent rate of growth was recorded in 2013 an increase of 44% against the previous year. As a result, the export price reached the peak level of $177 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 Greece ($195 per unit), while the average price for exports to Italy ($54 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 Germany (+11.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of New Pneumatic Tyres, of Rubber in Bangladesh

In 2022, the amount of new pneumatic tyres, of rubbers imported into Bangladesh contracted rapidly to 3.4M units, falling by -15.5% on the year before. In general, imports, however, saw a prominent expansion. The growth pace was the most rapid in 2021 with an increase of 89%. As a result, imports attained the peak of 4.1M units, and then shrank sharply in the following year.

In value terms, new pneumatic tyres, of rubber imports shrank to $151M in 2022. Over the period under review, imports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 42%. As a result, imports attained the peak of $177M, and then declined in the following year.

Top Suppliers of New Pneumatic Tyres, of Rubber to Bangladesh in 2022:

1. India (1663.0K units)
2. China (1079.0K units)
3. Vietnam (241.5K units)
4. Thailand (148.3K units)
5. Indonesia (129.1K units)
6. Taiwan (Chinese) (38.2K units)

Exports of New Pneumatic Tyres, of Rubber in Bangladesh

In 2022, after three years of growth, there was significant decline in shipments abroad of new pneumatic tyres, of rubbers, when their volume decreased by -28% to 21K units. In general, exports, however, continue to indicate a significant increase. The growth pace was the most rapid in 2021 when exports increased by 126%. As a result, the exports reached the peak of 30K units, and then fell sharply in the following year.

In value terms, new pneumatic tyres, of rubber exports fell sharply to $1.8M in 2022. Over the period under review, exports, however, recorded a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 137% against the previous year. As a result, the exports attained the peak of $2.6M, and then reduced notably in the following year.

Top Export Markets for New Pneumatic Tyres, of Rubber from Bangladesh in 2022:

1. Turkey (19.3K units)
2. Italy (0.6K units)
3. United Kingdom (0.5K units)

Source: IndexBox Market Intelligence Platform