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

Contents:

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

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

The average import price for new pneumatic tyres, of rubbers stood at $48 per unit in 2022, reducing by -18.2% against the previous year. Over the period under review, the import price showed a abrupt curtailment. The most prominent rate of growth was recorded in 2015 when the average import price increased by 30%. The import price peaked at $107 per unit in 2012; however, from 2013 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 China ($61 per unit), while the price for Thailand ($14 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (-1.3%), while the prices for the other major suppliers experienced a decline.

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

The average export price for new pneumatic tyres, of rubbers stood at $147 per unit in 2022, growing by 4.2% against the previous year. Over the period under review, export price indicated a moderate expansion from 2012 to 2022: its price increased at an average annual rate of +4.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, new pneumatic tyres, of rubber export price decreased by -27.9% against 2018 indices. The pace of growth was the most pronounced in 2013 when the average export price increased by 75% against the previous year. Over the period under review, the average export prices attained the peak figure at $204 per unit in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Turkey ($191 per unit), while the average price for exports to Iran amounted to $144 per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Iran (+4.1%).

Imports of New Pneumatic Tyres, of Rubber in Iraq

New pneumatic tyres, of rubber imports into Iraq surged to 11M units in 2022, with an increase of 16% on the year before. The total import volume increased at an average annual rate of +6.1% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, new pneumatic tyres, of rubber imports shrank slightly to $514M in 2022. Over the period under review, imports, however, recorded a pronounced downturn. The pace of growth appeared the most rapid in 2021 with an increase of 11%. Imports peaked at $580M in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

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

1. China (4.9M units)
2. United Arab Emirates (2.9M units)
3. India (0.9M units)
4. Thailand (0.9M units)
5. Turkey (0.4M units)
6. South Korea (0.4M units)

Exports of New Pneumatic Tyres, of Rubber in Iraq

After three years of growth, shipments abroad of new pneumatic tyres, of rubbers decreased by -26.5% to 4.4K units in 2022. Over the period under review, exports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 112%. As a result, the exports reached the peak of 5.9K units, and then contracted sharply in the following year.

In value terms, new pneumatic tyres, of rubber exports contracted sharply to $641K in 2022. Overall, exports, however, enjoyed a significant expansion. The pace of growth was the most pronounced in 2020 with an increase of 88% against the previous year. Over the period under review, the exports attained the maximum at $837K in 2021, and then shrank notably in the following year.

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

1. Iran (4.1K units)
2. Turkey (0.3K units)

Source: IndexBox Market Intelligence Platform