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

Contents:

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

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

In February 2022, the average export price for new pneumatic tyres, of rubbers amounted to $56.7 per unit, approximately equating the previous month. Over the period under review, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in April 2021 when the average export price increased by 7.5% month-to-month. As a result, the export price attained the peak level of $56.8 per unit. From May 2021 to February 2022, the the average export prices remained at a lower figure.

Average prices varied noticeably for the major overseas markets. In February 2022, the countries with the highest prices were Bangladesh ($58.9 per unit) and the Netherlands ($58.2 per unit), while the average price for exports to Indonesia ($51.8 per unit) and the Philippines ($51.8 per unit) were amongst the lowest.

From March 2021 to February 2022, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (+1.0%), while the prices for the other major destinations experienced more modest paces of growth.

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

The average import price for new pneumatic tyres, of rubbers stood at $61.4 per unit in February 2022, almost unchanged from the previous month. In general, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in November 2021 an increase of 2.4% month-to-month. The import price peaked in February 2022.

Average prices varied somewhat amongst the major supplying countries. In February 2022, the countries with the highest prices were Thailand ($71.8 per unit) and the United States ($70.4 per unit), while the price for the Czech Republic ($52.2 per unit) and Japan ($52.4 per unit) were amongst the lowest.

From May 2021 to February 2022, the most notable rate of growth in terms of prices was attained by Sri Lanka (+2.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of New Pneumatic Tyres, of Rubber in India

In 2022, exports of new pneumatic tyres, of rubbers from India declined to 47M units, shrinking by -11.3% compared with the previous year's figure. Overall, total exports indicated a resilient expansion from 2019 to 2022: its volume increased at an average annual rate of +11.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +44.1% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 62% against the previous year. As a result, the exports attained the peak of 53M units, and then reduced in the following year.

In value terms, new pneumatic tyres, of rubber exports totaled $3B in 2022. In general, total exports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +17.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +71.5% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 55% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the immediate term.

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

1. United States (4.4M units)
2. Germany (3.5M units)
3. Nepal (2.6M units)
4. Netherlands (2.5M units)
5. Bangladesh (1.8M units)
6. United Arab Emirates (1.7M units)
7. Brazil (1.6M units)
8. Kenya (1.6M units)
9. Egypt (1.5M units)
10. Tanzania (1.3M units)
11. Italy (1.1M units)
12. Mexico (1.1M units)
13. Philippines (1.0M units)

Imports of New Pneumatic Tyres, of Rubber in India

In 2022, new pneumatic tyres, of rubber imports into India shrank remarkably to 2.3M units, falling by -28.1% compared with 2021 figures. In general, imports saw a precipitous curtailment. The smallest decline of -5.1% was in 2021. Over the period under review, imports attained the maximum at 9.7M units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, new pneumatic tyres, of rubber imports surged to $265M in 2022. Overall, imports saw a deep reduction. Over the period under review, imports attained the peak figure at $385M in 2019; however, from 2020 to 2022, imports remained at a lower figure.

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

1. China (690.3K units)
2. Thailand (614.1K units)
3. Vietnam (218.7K units)
4. Sri Lanka (178.9K units)
5. Japan (111.4K units)
6. Germany (98.8K units)
7. Romania (59.0K units)
8. United Arab Emirates (38.7K units)
9. South Korea (37.0K units)
10. Indonesia (36.2K units)
11. United States (36.0K units)

Source: IndexBox Market Intelligence Platform