Price for New Pneumatic Tyres, of Rubber in Ecuador - 2022
Contents:
- Price for New Pneumatic Tyres, of Rubber in Ecuador (CIF) - 2022
- Price for New Pneumatic Tyres, of Rubber in Ecuador (FOB) - 2022
- Imports of New Pneumatic Tyres, of Rubber in Ecuador
- Exports of New Pneumatic Tyres, of Rubber in Ecuador
Price for New Pneumatic Tyres, of Rubber in Ecuador (CIF) - 2022
In 2022, the average import price for new pneumatic tyres, of rubbers amounted to $34 per unit, waning by -9.2% against the previous year. Over the period under review, the import price showed a abrupt downturn. The most prominent rate of growth was recorded in 2021 when the average import price increased by 27% against the previous year. Over the period under review, average import prices attained the maximum at $96 per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($106 per unit), while the price for Vietnam ($5.5 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (-2.7%), while the prices for the other major suppliers experienced a decline.
Price for New Pneumatic Tyres, of Rubber in Ecuador (FOB) - 2022
In 2022, the average export price for new pneumatic tyres, of rubbers amounted to $73 per unit, falling by -8.6% against the previous year. Overall, the export price showed a abrupt decrease. The most prominent rate of growth was recorded in 2021 an increase of 24% against the previous year. Over the period under review, the average export prices reached the peak figure at $122 per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Mexico ($146 per unit), while the average price for exports to Venezuela ($56 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 Colombia (+0.4%), while the prices for the other major destinations experienced a decline.
Imports of New Pneumatic Tyres, of Rubber in Ecuador
In 2022, the amount of new pneumatic tyres, of rubbers imported into Ecuador shrank to 5M units, reducing by -10.5% against the year before. The total import volume increased at an average annual rate of +3.7% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 26%. As a result, imports reached the peak of 5.5M units, and then dropped in the following year.
In value terms, new pneumatic tyres, of rubber imports declined rapidly to $167M in 2022. In general, imports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when imports increased by 60%. As a result, imports reached the peak of $205M, and then reduced rapidly in the following year.
| Import of New Pneumatic Tyres, of Rubber in Ecuador (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 91.0 | 73.8 | 122 | 98.6 | 2.7% |
| Mexico | 10.1 | 8.5 | 15.5 | 12.5 | 7.4% |
| Brazil | 9.6 | 6.5 | 10.7 | 8.6 | -3.6% |
| Thailand | 7.5 | 6.0 | 10.2 | 8.3 | 3.4% |
| India | 5.5 | 3.8 | 5.6 | 4.5 | -6.5% |
| Taiwan (Chinese) | 5.1 | 4.0 | 5.4 | 4.4 | -4.8% |
| Peru | 7.4 | 4.1 | 5.0 | 4.4 | -15.9% |
| Vietnam | 1.2 | 2.3 | 2.2 | 1.8 | 14.5% |
| Others | 27.1 | 19.0 | 28.2 | 23.6 | -4.5% |
| Total | 165 | 128 | 205 | 167 | 0.4% |
Top Suppliers of New Pneumatic Tyres, of Rubber to Ecuador in 2022:
- China (3485.7K units)
- Vietnam (326.2K units)
- Mexico (264.5K units)
- Thailand (205.8K units)
- Taiwan (Chinese) (125.5K units)
- India (103.7K units)
- Brazil (100.6K units)
- Peru (77.7K units)
Exports of New Pneumatic Tyres, of Rubber in Ecuador
In 2022, approx. 702K units of new pneumatic tyres, of rubbers were exported from Ecuador; falling by -9.1% on 2021. In general, exports continue to indicate a perceptible decrease. The growth pace was the most rapid in 2021 when exports increased by 22%. As a result, the exports attained the peak of 773K units, and then contracted in the following year.
In value terms, new pneumatic tyres, of rubber exports fell notably to $51M in 2022. The total export value increased at an average annual rate of +1.4% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 51%. As a result, the exports reached the peak of $62M, and then dropped sharply in the following year.
| Export of New Pneumatic Tyres, of Rubber in Ecuador (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Colombia | 17.9 | 15.0 | 22.7 | 18.6 | 1.3% |
| United States | 9.6 | 15.9 | 19.5 | 16.0 | 18.6% |
| Venezuela | 10.7 | 3.2 | 5.1 | 5.1 | -21.9% |
| Peru | 2.2 | 2.1 | 4.6 | 3.8 | 20.0% |
| Bolivia | 2.7 | 1.9 | 3.0 | 2.5 | -2.5% |
| Chile | 2.6 | 1.8 | 2.9 | 2.4 | -2.6% |
| Mexico | 2.9 | N/A | 2.8 | 2.3 | -7.4% |
| Others | 0.7 | 0.9 | 1.1 | 0.8 | 4.6% |
| Total | 49.3 | 40.8 | 61.8 | 51.3 | 1.3% |
Top Export Markets for New Pneumatic Tyres, of Rubber from Ecuador in 2022:
- United States (278.4K units)
- Colombia (184.8K units)
- Venezuela (90.3K units)
- Peru (46.1K units)
- Bolivia (36.7K units)
- Chile (36.5K units)
- Mexico (15.5K units)
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