Price for New Pneumatic Tyres, of Rubber in Colombia - 2022
Contents:
- Price for New Pneumatic Tyres, of Rubber in Colombia (CIF) - 2022
- Price for New Pneumatic Tyres, of Rubber in Colombia (FOB) - 2022
- Imports of New Pneumatic Tyres, of Rubber in Colombia
- Exports of New Pneumatic Tyres, of Rubber in Colombia
Price for New Pneumatic Tyres, of Rubber in Colombia (CIF) - 2022
In April 2021, the average import price for new pneumatic tyres, of rubbers amounted to $43.5 per unit, picking up by 5.1% against the previous month. Over the last two-month period, it increased at an average monthly rate of +1.7%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by the country of origin: the country with the highest price was the United States ($89.4 per unit), while the price for China ($36.4 per unit) was amongst the lowest.
From February 2021 to April 2021, the most notable rate of growth in terms of prices was attained by South Korea (+5.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for New Pneumatic Tyres, of Rubber in Colombia (FOB) - 2022
The average export price for new pneumatic tyres, of rubbers stood at $41.0 per unit in April 2021, approximately mirroring the previous month. Over the period under review, the export price saw a pronounced decline. As a result, the export price reached the peak level of $43.1 per unit. From March 2021 to April 2021, the the average export prices failed to regain momentum.
Average prices varied noticeably for the major export markets. In April 2021, the highest price was recorded for prices to Mexico ($43.9 per unit) and the United States ($40.9 per unit), while the average price for exports to Brazil ($38.1 per unit) and Chile ($38.6 per unit) were amongst the lowest.
From February 2021 to April 2021, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (+4.2%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of New Pneumatic Tyres, of Rubber in Colombia
In 2022, approx. 4.1M units of new pneumatic tyres, of rubbers were imported into Colombia; which is down by -18.4% against the previous year. In general, imports saw a sharp downturn. The pace of growth appeared the most rapid in 2021 with an increase of 18% against the previous year. Over the period under review, imports reached the maximum at 17M units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
In value terms, new pneumatic tyres, of rubber imports reduced to $248M in 2022. Overall, imports faced a dramatic decrease. The most prominent rate of growth was recorded in 2021 with an increase of 37%. Over the period under review, imports attained the peak figure at $610M in 2019; however, from 2020 to 2022, imports remained at a lower figure.
Import of New Pneumatic Tyres, of Rubber in Colombia (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 225 | 90.1 | 144 | 118 | -19.4% |
Brazil | 66.1 | 22.6 | 29.1 | 23.8 | -28.9% |
Ecuador | 20.0 | 8.2 | 11.9 | 9.8 | -21.2% |
India | 17.1 | 7.6 | 11.4 | 9.3 | -18.4% |
Thailand | 22.3 | 6.3 | 8.4 | 6.9 | -32.4% |
Indonesia | 10.1 | 3.7 | 5.0 | 4.1 | -26.0% |
Vietnam | 6.0 | 3.3 | 4.7 | 3.8 | -14.1% |
Others | 244 | 67.7 | 72.2 | 72.6 | -33.2% |
Total | 610 | 209 | 287 | 248 | -25.9% |
Top Suppliers of New Pneumatic Tyres, of Rubber to Colombia in 2022:
- China (2980.6K units)
- Vietnam (169.2K units)
- Brazil (161.7K units)
- India (146.0K units)
- Indonesia (95.5K units)
- Thailand (94.4K units)
- Ecuador (52.0K units)
Exports of New Pneumatic Tyres, of Rubber in Colombia
In 2022, overseas shipments of new pneumatic tyres, of rubbers decreased by -2.4% to 307K units, falling for the second consecutive year after two years of growth. The total export volume increased at an average annual rate of +5.3% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2020 when exports increased by 24%. As a result, the exports attained the peak of 325K units. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, new pneumatic tyres, of rubber exports reduced slightly to $48M in 2022. Overall, exports showed a perceptible downturn. The growth pace was the most rapid in 2021 with an increase of 1.2%. Over the period under review, the exports hit record highs at $53M in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
Export of New Pneumatic Tyres, of Rubber in Colombia (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 24.6 | 29.6 | 40.5 | 33.8 | 11.2% |
Brazil | 14.0 | 6.9 | 0.5 | 5.6 | -26.3% |
Mexico | 6.6 | 6.1 | 3.1 | 4.2 | -14.0% |
Ecuador | 3.8 | 2.2 | 1.7 | 2.0 | -19.3% |
Chile | 1.5 | 0.7 | 1.5 | 1.2 | -7.2% |
Others | 2.8 | 2.5 | 1.4 | 1.6 | -17.0% |
Total | 53.3 | 48.1 | 48.7 | 48.4 | -3.2% |
Top Export Markets for New Pneumatic Tyres, of Rubber from Colombia in 2022:
- United States (218.7K units)
- Brazil (33.0K units)
- Mexico (32.7K units)
- Ecuador (9.2K units)
- Chile (3.8K units)
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The tyre industry has witnessed significant growth over the years, driven by the increasing demand for automobiles and the expanding global automotive industry. As a result, tire manufacturers around the world are constantly looking to tap into the best import markets for tyres to ensure their products reach a wider audience. The IndexBox Market Intelligence Platform provides comprehensive and up-to-date data on global trade, including import values, market trends, and key statistics. Based on the data sourced from the IndexBox platform, we have compiled a list of the top 10 countries with the highest import values for tyres in 2022. The United States takes the top spot with an import value of $18.7 billion in 2022, followed by Germany and France. Emerging economies like Mexico, Canada, and Australia also contribute significantly to the import market for tyres. The IndexBox market intelligence platform delivers valuable insights into these markets, helping manufacturers and traders make informed decisions and capitalize on the opportunities available.
The global tire market is expected to reach $209 billion in 2030, growing with a CAGR of +2.4% from 2022 to 2030.
Explore the top import markets for agricultural, construction, and industrial machinery tyres in 2023. Find out which countries are leading the way in importing high-quality tyres for various sectors.
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