Price for New Pneumatic Tyres, of Rubber in Italy - 2022
Contents:
- Price for New Pneumatic Tyres, of Rubber in Italy (CIF) - 2022
- Price for New Pneumatic Tyres, of Rubber in Italy (FOB) - 2022
- Imports of New Pneumatic Tyres, of Rubber in Italy
- Exports of New Pneumatic Tyres, of Rubber in Italy
Price for New Pneumatic Tyres, of Rubber in Italy (CIF) - 2022
In April 2022, the average import price for new pneumatic tyres, of rubbers amounted to $60.2 per unit, standing approximately at the previous month. In general, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in June 2021 an increase of 3.2% month-to-month. Over the period under review, average import prices hit record highs at $61.6 per unit in September 2021; however, from October 2021 to April 2022, import prices stood at a somewhat lower figure.
Average prices varied somewhat amongst the major supplying countries. In April 2022, the countries with the highest prices were Thailand ($68.5 per unit) and South Korea ($66.3 per unit), while the price for India ($47.9 per unit) and Indonesia ($52.6 per unit) were amongst the lowest.
From April 2021 to April 2022, the most notable rate of growth in terms of prices was attained by China (+1.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for New Pneumatic Tyres, of Rubber in Italy (FOB) - 2022
The average export price for new pneumatic tyres, of rubbers stood at $76.2 per unit in April 2022, growing by 5.6% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +1.4%. The most prominent rate of growth was recorded in February 2022 when the average export price increased by 17% month-to-month. Over the period under review, the average export prices reached the maximum in April 2022.
There were significant differences in the average prices for the major overseas markets. In April 2022, the country with the highest price was Taiwan (Chinese) ($122 per unit), while the average price for exports to Mexico ($56.2 per unit) was amongst the lowest.
From April 2021 to April 2022, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese) (+2.6%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of New Pneumatic Tyres, of Rubber in Italy
In 2022, new pneumatic tyres, of rubber imports into Italy amounted to 62M units, growing by 2.3% compared with 2021 figures. The total import volume increased at an average annual rate of +3.2% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 28%. Imports peaked in 2022 and are likely to see steady growth in the immediate term.
In value terms, new pneumatic tyres, of rubber imports expanded remarkably to $2.8B in 2022. The total import value increased at an average annual rate of +5.8% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 29%. Imports peaked in 2022 and are expected to retain growth in the immediate term.
| Import of New Pneumatic Tyres, of Rubber in Italy (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 242 | 204 | 251 | 335 | 11.4% |
| Germany | 321 | 282 | 341 | 285 | -3.9% |
| Czech Republic | 178 | 154 | 221 | 257 | 13.0% |
| France | 193 | 159 | 192 | 217 | 4.0% |
| Romania | 115 | 107 | 149 | 199 | 20.1% |
| Turkey | 117 | 99.9 | 138 | 161 | 11.2% |
| Spain | 165 | 135 | 175 | 150 | -3.1% |
| Poland | 168 | 153 | 190 | 148 | -4.1% |
| South Korea | 102 | 67.6 | 87.0 | 117 | 4.7% |
| Hungary | 99.4 | 91.0 | 120 | 116 | 5.3% |
| Thailand | 49.7 | 38.7 | 73.0 | 87.8 | 20.9% |
| Serbia | 55.4 | 48.5 | 60.9 | 73.2 | 9.7% |
| Indonesia | 20.5 | 17.7 | 25.8 | 30.2 | 13.8% |
| Others | 571 | 512 | 646 | 662 | 5.1% |
| Total | 2,398 | 2,069 | 2,670 | 2,839 | 5.8% |
Top Suppliers of New Pneumatic Tyres, of Rubber to Italy in 2022:
- China (12.4M units)
- Thailand (6.4M units)
- Germany (4.5M units)
- Czech Republic (4.3M units)
- France (3.8M units)
- Romania (3.3M units)
- Indonesia (3.1M units)
- Poland (2.4M units)
- Serbia (2.2M units)
- Spain (2.2M units)
- Turkey (2.0M units)
- Hungary (1.9M units)
- South Korea (1.8M units)
Exports of New Pneumatic Tyres, of Rubber in Italy
In 2022, new pneumatic tyres, of rubber exports from Italy fell notably to 19M units, waning by -29% on the previous year's figure. Overall, exports saw a abrupt slump. The most prominent rate of growth was recorded in 2021 when exports increased by 18% against the previous year. As a result, the exports reached the peak of 27M units, and then dropped rapidly in the following year.
In value terms, new pneumatic tyres, of rubber exports reduced dramatically to $1.4B in 2022. Over the period under review, exports continue to indicate a perceptible reduction. The most prominent rate of growth was recorded in 2021 with an increase of 22%. As a result, the exports attained the peak of $1.8B, and then dropped notably in the following year.
| Export of New Pneumatic Tyres, of Rubber in Italy (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 364 | 293 | 330 | 267 | -9.8% |
| France | 267 | 257 | 330 | 202 | -8.9% |
| United States | 107 | 82.8 | 125 | 128 | 6.2% |
| United Kingdom | 96.1 | 73.9 | 94.4 | 101 | 1.7% |
| Belgium | 58.8 | 50.5 | 70.2 | 82.7 | 12.0% |
| Netherlands | 74.3 | 78.0 | 97.8 | 81.7 | 3.2% |
| Spain | 125 | 119 | 128 | 57.1 | -23.0% |
| Turkey | 28.1 | 31.5 | 34.2 | 40.6 | 13.1% |
| China | 35.7 | 39.2 | 39.2 | 35.3 | -0.4% |
| Poland | 41.2 | 38.9 | 43.7 | 27.8 | -12.3% |
| Switzerland | 22.2 | 24.3 | 24.6 | 25.6 | 4.9% |
| Romania | 16.9 | 10.2 | 15.3 | 20.4 | 6.5% |
| Czech Republic | 28.3 | 26.6 | 22.7 | 16.2 | -17.0% |
| Others | 345 | 314 | 405 | 321 | -2.4% |
| Total | 1,609 | 1,440 | 1,760 | 1,407 | -4.4% |
Top Export Markets for New Pneumatic Tyres, of Rubber from Italy in 2022:
- France (3.4M units)
- Germany (2.8M units)
- United Kingdom (1.7M units)
- Spain (1.2M units)
- United States (1.0M units)
- Netherlands (1.0M units)
- Belgium (0.9M units)
- Turkey (0.6M units)
- Poland (0.5M units)
- Romania (0.4M units)
- Czech Republic (0.4M units)
- Switzerland (0.4M units)
- China (0.4M units)
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