Price for New Pneumatic Tyres, of Rubber in Malaysia - 2021
Contents:
- Price for New Pneumatic Tyres, of Rubber in Malaysia (CIF) - 2022
- Price for New Pneumatic Tyres, of Rubber in Malaysia (FOB) - 2022
- Imports of New Pneumatic Tyres, of Rubber in Malaysia
- Exports of New Pneumatic Tyres, of Rubber in Malaysia
Price for New Pneumatic Tyres, of Rubber in Malaysia (CIF) - 2022
The average import price for new pneumatic tyres, of rubbers stood at $30 per unit in 2022, falling by -2% against the previous year. Overall, the import price saw a mild decrease. The pace of growth was the most pronounced in 2018 an increase of 9% against the previous year. Over the period under review, average import prices attained the peak figure at $35 per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
As there is only one major supplying country, the average price level is determined by prices for Myanmar.
From 2012 to 2022, the rate of growth in terms of prices for China amounted to +2.9% per year.
Price for New Pneumatic Tyres, of Rubber in Malaysia (FOB) - 2022
The average export price for new pneumatic tyres, of rubbers stood at $56 per unit in 2022, increasing by 9.7% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2013 when the average export price increased by 26% against the previous year. As a result, the export price attained the peak level of $77 per unit. From 2014 to 2022, the average export prices failed to regain momentum.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($128 per unit), while the average price for exports to Mexico ($4.8 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 Brazil (+7.1%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of New Pneumatic Tyres, of Rubber in Malaysia
In 2022, after three years of growth, there was decline in overseas purchases of new pneumatic tyres, of rubbers, when their volume decreased by -4.8% to 18M units. The total import volume increased at an average annual rate of +2.4% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of 11%. As a result, imports reached the peak of 19M units, and then dropped modestly in the following year.
In value terms, new pneumatic tyres, of rubber imports fell to $555M in 2022. In general, imports saw a noticeable shrinkage. The growth pace was the most rapid in 2021 when imports increased by 16%. As a result, imports reached the peak of $596M, and then fell in the following year.
| Import of New Pneumatic Tyres, of Rubber in Malaysia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Myanmar | 0.4 | 0.7 | 0.3 | 555 | 1015.3% |
| Thailand | 197 | 167 | 190 | N/A | -1.8% |
| Japan | 38.5 | 26.5 | 28.0 | N/A | -14.7% |
| China | 159 | 176 | 209 | N/A | 14.7% |
| Vietnam | 38.0 | 35.7 | 40.5 | N/A | 3.2% |
| Indonesia | 73.5 | 58.8 | 63.6 | N/A | -7.0% |
| Others | 88.5 | 50.8 | 63.9 | N/A | -15.0% |
| Total | 594 | 515 | 596 | 555 | -2.2% |
Top Suppliers of New Pneumatic Tyres, of Rubber to Malaysia in 2022:
- Myanmar (18.3M units)
Exports of New Pneumatic Tyres, of Rubber in Malaysia
In 2022, new pneumatic tyres, of rubber exports from Malaysia declined significantly to 6.2M units, with a decrease of -22.9% against the previous year. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 43% against the previous year. As a result, the exports reached the peak of 8.1M units, and then reduced markedly in the following year.
In value terms, new pneumatic tyres, of rubber exports declined sharply to $349M in 2022. Overall, exports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 45%. As a result, the exports attained the peak of $413M, and then declined sharply in the following year.
| Export of New Pneumatic Tyres, of Rubber in Malaysia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 87.0 | 104 | 179 | 190 | 29.7% |
| Brazil | 9.7 | 14.6 | 47.5 | 50.3 | 73.1% |
| Germany | 17.8 | 11.2 | 15.5 | 14.2 | -7.3% |
| Australia | 16.2 | 11.4 | 14.4 | 8.4 | -19.7% |
| Canada | 8.9 | 7.1 | 8.6 | 7.1 | -7.3% |
| Japan | 17.0 | 4.4 | 5.6 | 4.0 | -38.3% |
| United Kingdom | 4.3 | 3.5 | 3.4 | 3.8 | -4.0% |
| Mexico | 4.0 | 1.3 | 0.5 | 1.8 | -23.4% |
| Thailand | 41.3 | 21.5 | 19.0 | N/A | -32.2% |
| Vietnam | 10.5 | 6.2 | 7.6 | N/A | -14.9% |
| Russia | 21.1 | 15.6 | 12.5 | N/A | -23.0% |
| Others | 121 | 83.9 | 98.9 | 69.0 | -17.1% |
| Total | 359 | 285 | 413 | 349 | -0.9% |
Top Export Markets for New Pneumatic Tyres, of Rubber from Malaysia in 2022:
- United States (3833.8K units)
- Brazil (478.6K units)
- Mexico (367.0K units)
- Australia (175.4K units)
- Canada (173.9K units)
- Germany (111.2K units)
- United Kingdom (106.8K units)
- Japan (47.3K units)
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