Price for New Pneumatic Tyres, of Rubber in Morocco - 2021
Contents:
- Price for New Pneumatic Tyres, of Rubber in Morocco (CIF) - 2021
- Price for New Pneumatic Tyres, of Rubber in Morocco (FOB) - 2022
- Imports of New Pneumatic Tyres, of Rubber in Morocco
- Exports of New Pneumatic Tyres, of Rubber in Morocco
Price for New Pneumatic Tyres, of Rubber in Morocco (CIF) - 2021
The average import price for new pneumatic tyres, of rubbers stood at $59.3 per unit in December 2020, reducing by -1.9% against the previous month. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in August 2020 when the average import price increased by 7.5% m-o-m. As a result, import price reached the peak level of $61.4 per unit. From September 2020 to December 2020, the average import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In December 2020, the country with the highest price was Germany ($75.1 per unit), while the price for China ($42.5 per unit) was amongst the lowest.
From January 2020 to December 2020, the most notable rate of growth in terms of prices was attained by Hungary (+1.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for New Pneumatic Tyres, of Rubber in Morocco (FOB) - 2022
The average export price for new pneumatic tyres, of rubbers stood at $65 per unit in 2022, waning by -81% against the previous year. Overall, the export price faced a abrupt decrease. The pace of growth was the most pronounced in 2015 an increase of 92% against the previous year. The export price peaked at $355 per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Mauritania ($399 per unit), while the average price for exports to Guinea ($141 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 Mauritania (+28.2%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of New Pneumatic Tyres, of Rubber in Morocco
New pneumatic tyres, of rubber imports into Morocco shrank to 7.1M units in 2022, with a decrease of -10.5% compared with the previous year. The total import volume increased at an average annual rate of +2.8% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when imports increased by 38%. As a result, imports reached the peak of 7.9M units, and then reduced in the following year.
In value terms, new pneumatic tyres, of rubber imports contracted to $380M in 2022. Over the period under review, total imports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +7.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +41.3% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 50% against the previous year. As a result, imports reached the peak of $404M, and then declined in the following year.
| Import of New Pneumatic Tyres, of Rubber in Morocco (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 56.6 | 54.8 | 82.8 | 78.5 | 11.5% |
| China | 21.7 | 18.3 | 46.8 | 51.9 | 33.7% |
| Spain | 11.3 | 15.7 | 32.1 | 29.2 | 37.2% |
| France | 31.9 | 16.1 | 25.9 | 28.3 | -3.9% |
| Germany | 23.6 | 20.6 | 32.8 | 26.6 | 4.1% |
| Portugal | 18.1 | 16.4 | 24.1 | 24.3 | 10.3% |
| Romania | 7.1 | 14.7 | 20.9 | 21.8 | 45.3% |
| Poland | 28.7 | 25.6 | 21.0 | 20.9 | -10.0% |
| Hungary | 7.5 | 5.0 | 14.1 | 16.4 | 29.8% |
| Czech Republic | 12.1 | 15.0 | 20.4 | 16.3 | 10.4% |
| South Korea | 19.5 | 16.5 | 14.4 | 13.7 | -11.1% |
| Thailand | 3.1 | 1.4 | 2.2 | 2.6 | -5.7% |
| Indonesia | 1.7 | 2.2 | 0.9 | 1.3 | -8.6% |
| Others | 59.2 | 46.5 | 66.2 | 48.2 | -6.6% |
| Total | 302 | 269 | 404 | 380 | 8.0% |
Top Suppliers of New Pneumatic Tyres, of Rubber to Morocco in 2022:
- China (2651.6K units)
- Turkey (1000.4K units)
- Portugal (413.5K units)
- France (411.5K units)
- Spain (332.3K units)
- Romania (298.0K units)
- Hungary (278.8K units)
- Germany (261.7K units)
- Thailand (251.2K units)
- Poland (237.7K units)
- Czech Republic (205.2K units)
- South Korea (190.8K units)
- Indonesia (75.8K units)
Exports of New Pneumatic Tyres, of Rubber in Morocco
In 2022, overseas shipments of new pneumatic tyres, of rubbers increased by 996% to 14K units for the first time since 2019, thus ending a two-year declining trend. Overall, exports posted significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, new pneumatic tyres, of rubber exports soared to $922K in 2022. Over the period under review, exports, however, recorded a abrupt shrinkage. Over the period under review, the exports attained the maximum at $1.4M in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
| Export of New Pneumatic Tyres, of Rubber in Morocco (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mauritania | 363 | 228 | 39.0 | 42.7 | -51.0% |
| Senegal | 11.2 | 22.6 | 12.5 | 2.9 | -36.3% |
| Sudan | N/A | N/A | 1.1 | 1.5 | 36.4% |
| Guinea | N/A | 1.2 | 7.3 | 1.3 | 4.1% |
| Cameroon | 51.3 | 18.0 | N/A | N/A | -64.9% |
| Belgium | N/A | N/A | 29.5 | N/A | 0% |
| Poland | N/A | 385 | N/A | N/A | 0% |
| Libya | 339 | N/A | N/A | N/A | 0% |
| Netherlands | 443 | 156 | N/A | N/A | -64.8% |
| Romania | N/A | 13.6 | N/A | N/A | 0% |
| Others | 204 | 89.3 | 354 | 874 | 62.4% |
| Total | 1,412 | 914 | 444 | 922 | -13.2% |
Top Export Markets for New Pneumatic Tyres, of Rubber from Morocco in 2022:
- Sudan (undefinedK units)
- Guinea (undefinedK units)
- Senegal (undefinedK units)
- Mauritania (0.1K units)
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