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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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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