Price for New Pneumatic Tyres, of Rubber in Japan - 2022
Contents:
- Price for New Pneumatic Tyres, of Rubber in Japan (FOB) - 2022
- Price for New Pneumatic Tyres, of Rubber in Japan (CIF) - 2022
- Exports of New Pneumatic Tyres, of Rubber in Japan
- Imports of New Pneumatic Tyres, of Rubber in Japan
Price for New Pneumatic Tyres, of Rubber in Japan (FOB) - 2022
The average export price for new pneumatic tyres, of rubbers stood at $56.6 per unit in March 2022, standing approximately at the previous month. Overall, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in February 2022 an increase of 4.6% against the previous month. The export price peaked at $58.2 per unit in November 2021; however, from December 2021 to March 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major overseas markets. In March 2022, the country with the highest price was Belgium ($81.5 per unit), while the average price for exports to Egypt ($37.6 per unit) was amongst the lowest.
From May 2021 to March 2022, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (+2.4%), while the prices for the other major destinations experienced more modest paces of growth.
Price for New Pneumatic Tyres, of Rubber in Japan (CIF) - 2022
In March 2022, the average import price for new pneumatic tyres, of rubbers amounted to $53.3 per unit, declining by -2% against the previous month. Overall, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in August 2021 an increase of 3.2% m-o-m. The import price peaked at $57.5 per unit in September 2021; however, from October 2021 to March 2022, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In March 2022, the country with the highest price was Germany ($105 per unit), while the price for China ($44.8 per unit) was amongst the lowest.
From May 2021 to March 2022, the most notable rate of growth in terms of prices was attained by China (+0.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of New Pneumatic Tyres, of Rubber in Japan
In 2022, the amount of new pneumatic tyres, of rubbers exported from Japan shrank modestly to 42M units, approximately equating the previous year. Overall, exports recorded a deep reduction. The growth pace was the most rapid in 2021 when exports increased by 20%. The exports peaked at 51M units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
In value terms, new pneumatic tyres, of rubber exports rose markedly to $5.4B in 2022. The total export value increased at an average annual rate of +1.6% 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 with an increase of 24%. The exports peaked in 2022 and are expected to retain growth in years to come.
| Export of New Pneumatic Tyres, of Rubber in Japan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 1,217 | 1,044 | 1,307 | 1,596 | 9.5% |
| Australia | 523 | 470 | 549 | 563 | 2.5% |
| Canada | 162 | 122 | 166 | 200 | 7.3% |
| United Arab Emirates | 261 | 196 | 222 | 178 | -12.0% |
| Belgium | 138 | 85.7 | 105 | 172 | 7.6% |
| Saudi Arabia | 194 | 140 | 147 | 168 | -4.7% |
| Mexico | 82.6 | 68.1 | 91.3 | 112 | 10.7% |
| Germany | 89.5 | 68.8 | 91.0 | 100 | 3.8% |
| Russia | 351 | 280 | 366 | 78.9 | -39.2% |
| United Kingdom | 81.0 | 53.6 | 78.5 | 71.0 | -4.3% |
| Taiwan (Chinese) | 48.1 | 45.8 | 50.1 | 56.8 | 5.7% |
| Thailand | 44.8 | 36.5 | 40.1 | 51.8 | 5.0% |
| Italy | 40.8 | 25.5 | 41.2 | 47.0 | 4.8% |
| Others | 1,936 | 1,421 | 1,775 | 2,020 | 1.4% |
| Total | 5,169 | 4,057 | 5,030 | 5,415 | 1.6% |
Top Export Markets for New Pneumatic Tyres, of Rubber from Japan in 2022:
- United States (15.9M units)
- Australia (2.0M units)
- Belgium (2.0M units)
- Canada (1.9M units)
- United Arab Emirates (1.8M units)
- Saudi Arabia (1.6M units)
- Germany (1.2M units)
- Mexico (1.0M units)
- Taiwan (Chinese) (0.8M units)
- United Kingdom (0.8M units)
- Italy (0.7M units)
- Thailand (0.7M units)
- Russia (0.5M units)
Imports of New Pneumatic Tyres, of Rubber in Japan
In 2022, approx. 21M units of new pneumatic tyres, of rubbers were imported into Japan; waning by -2.9% compared with 2021 figures. In general, imports continue to indicate a deep reduction. The pace of growth was the most pronounced in 2021 when imports increased by 5.6%. Over the period under review, imports reached the peak figure at 25M units in 2019; however, from 2020 to 2022, imports failed to regain momentum.
In value terms, new pneumatic tyres, of rubber imports expanded rapidly to $1.3B in 2022. The total import value increased at an average annual rate of +1.1% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The pace of growth was the most pronounced in 2021 when imports increased by 15% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.
| Import of New Pneumatic Tyres, of Rubber in Japan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 335 | 308 | 396 | 439 | 9.4% |
| Thailand | 189 | 194 | 230 | 262 | 11.5% |
| Indonesia | 133 | 106 | 85.1 | 98.9 | -9.4% |
| Taiwan (Chinese) | 80.8 | 66.0 | 72.7 | 76.2 | -1.9% |
| Vietnam | 35.2 | 38.7 | 37.7 | 57.9 | 18.0% |
| Germany | 61.3 | 47.5 | 54.3 | 45.6 | -9.4% |
| South Korea | 33.5 | 25.7 | 36.8 | 44.1 | 9.6% |
| Spain | 38.2 | 29.6 | 34.8 | 31.2 | -6.5% |
| United States | 38.9 | 29.6 | 29.0 | 29.7 | -8.6% |
| France | 31.5 | 23.5 | 24.5 | 25.8 | -6.4% |
| Italy | 26.3 | 24.3 | 20.0 | 20.9 | -7.4% |
| United Arab Emirates | 97.1 | 52.9 | 51.6 | N/A | -27.1% |
| Others | 141 | 116 | 143 | 152 | 2.5% |
| Total | 1,240 | 1,061 | 1,216 | 1,282 | 1.1% |
Top Suppliers of New Pneumatic Tyres, of Rubber to Japan in 2022:
- China (7.8M units)
- Thailand (4.0M units)
- Taiwan (Chinese) (1.6M units)
- Indonesia (1.3M units)
- Vietnam (1.0M units)
- Germany (0.9M units)
- South Korea (0.7M units)
- Spain (0.5M units)
- Italy (0.4M units)
- United States (0.4M units)
- France (0.3M units)
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