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

Contents:

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

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

In 2022, the average import price for new pneumatic tyres, of rubbers amounted to $51 per unit, growing by 22% against the previous year. Over the period under review, the import price, however, saw a noticeable contraction. Over the period under review, average import prices hit record highs at $84 per unit in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($67 per unit), while the price for Singapore ($17 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 (+4.5%), while the prices for the other major suppliers experienced a decline.

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

The average export price for new pneumatic tyres, of rubbers stood at $65 per unit in 2022, reducing by -14.3% against the previous year. In general, the export price showed a deep contraction. The pace of growth was the most pronounced in 2021 an increase of 27% against the previous year. Over the period under review, the average export prices hit record highs at $305 per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Egypt ($194 per unit), while the average price for exports to Mali ($5 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 Sudan (+6.0%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of New Pneumatic Tyres, of Rubber in Libya

New pneumatic tyres, of rubber imports into Libya declined significantly to 2.2M units in 2022, dropping by -39.3% against 2021 figures. In general, imports saw a abrupt setback. The most prominent rate of growth was recorded in 2021 when imports increased by 107% against the previous year. Over the period under review, imports attained the maximum at 3.7M units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, new pneumatic tyres, of rubber imports contracted significantly to $115M in 2022. Overall, imports showed a abrupt shrinkage. The pace of growth was the most pronounced in 2021 with an increase of 108%. Over the period under review, imports reached the maximum at $156M in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Import of New Pneumatic Tyres, of Rubber in Libya (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
China10053.110881.9-6.4%
South Korea22.94.311.57.5-31.1%
Turkey5.91.76.46.63.8%
United Arab Emirates1.91.88.05.239.9%
Japan9.53.67.54.1-24.4%
Thailand2.21.23.71.8-6.5%
Singapore0.70.81.00.98.7%
Indonesia5.83.20.90.3-62.7%
Others6.64.98.16.70.5%
Total15674.5155115-9.7%

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

  1. China (1458.5K units)
  2. Turkey (211.4K units)
  3. South Korea (151.3K units)
  4. United Arab Emirates (139.0K units)
  5. Japan (61.4K units)
  6. Singapore (50.6K units)
  7. Thailand (46.9K units)
  8. Indonesia (5.5K units)

Exports of New Pneumatic Tyres, of Rubber in Libya

In 2022, shipments abroad of new pneumatic tyres, of rubbers decreased by -5.2% to 91 units for the first time since 2018, thus ending a three-year rising trend. Over the period under review, total exports indicated a strong expansion from 2019 to 2022: its volume increased at an average annual rate of +15.5% 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 +54.2% against 2019 indices. The pace of growth was the most pronounced in 2020 with an increase of 29%. The exports peaked at 96 units in 2021, and then reduced in the following year.

In value terms, new pneumatic tyres, of rubber exports dropped rapidly to $5.9K in 2022. Overall, exports, however, recorded a significant expansion. The pace of growth was the most pronounced in 2021 when exports increased by 60%. As a result, the exports reached the peak of $7.2K, and then fell sharply in the following year.

Export of New Pneumatic Tyres, of Rubber in Libya (USD)
COUNTRY2019202020212022CAGR,
2019-2022
Niger7026682392,19146.1%
Sudan1,8603,4186,2781,9030.8%
SenegalN/AN/AN/A1,4050%
Egypt239406691194-6.7%
Mali11.016.021.05.0-23.1%
Ghana8.012.018.04.0-20.6%
OthersN/AN/AN/A1820%
Total2,8204,5207,2475,88427.8%

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

  1. Niger (48.0 units)
  2. Senegal (28.0 units)
  3. Sudan (11.0 units)
  4. Ghana (1.0 units)
  5. Egypt (1.0 units)
  6. Mali (1.0 units)

Source: IndexBox Market Intelligence Platform

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