Price for New Pneumatic Tyres, of Rubber in Thailand - 2022
Contents:
- Price for New Pneumatic Tyres, of Rubber in Thailand (FOB) - 2022
- Price for New Pneumatic Tyres, of Rubber in Thailand (CIF) - 2022
- Exports of New Pneumatic Tyres, of Rubber in Thailand
- Imports of New Pneumatic Tyres, of Rubber in Thailand
Price for New Pneumatic Tyres, of Rubber in Thailand (FOB) - 2022
The average export price for new pneumatic tyres, of rubbers stood at $37.1 per unit in May 2022, growing by 3.8% against the previous month. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in February 2022 when the average export price increased by 8.9% month-to-month. Over the period under review, the average export prices hit record highs at $43.9 per unit in August 2021; however, from September 2021 to May 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was South Korea ($59.8 per unit), while the average price for exports to Romania ($5.0 per unit) was amongst the lowest.
From May 2021 to May 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Philippines (+2.5%), while the prices for the other major destinations experienced more modest paces of growth.
Price for New Pneumatic Tyres, of Rubber in Thailand (CIF) - 2022
The average import price for new pneumatic tyres, of rubbers stood at $38.8 per unit in May 2022, which is down by -13.3% against the previous month. Overall, the import price showed a mild decrease. The most prominent rate of growth was recorded in September 2021 an increase of 11% m-o-m. Over the period under review, average import prices hit record highs at $51.1 per unit in June 2021; however, from July 2021 to May 2022, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In May 2022, the country with the highest price was the United States ($94.3 per unit), while the price for Vietnam ($10.7 per unit) was amongst the lowest.
From May 2021 to May 2022, the most notable rate of growth in terms of prices was attained by South Korea (-0.8%), while the prices for the other major suppliers experienced a decline.
Exports of New Pneumatic Tyres, of Rubber in Thailand
In 2022, overseas shipments of new pneumatic tyres, of rubbers decreased by -5.9% to 141M units for the first time since 2018, thus ending a three-year rising trend. The total export volume increased at an average annual rate of +6.7% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. The pace of growth appeared the most rapid in 2020 with an increase of 14%. The exports peaked at 150M units in 2021, and then contracted in the following year.
In value terms, new pneumatic tyres, of rubber exports contracted to $5.8B in 2022. Overall, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by 19% against the previous year. As a result, the exports attained the peak of $6.3B, and then dropped in the following year.
| Export of New Pneumatic Tyres, of Rubber in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 2,712 | 2,684 | 3,050 | 2,723 | 0.1% |
| Australia | 227 | 226 | 282 | 235 | 1.2% |
| South Korea | 167 | 191 | 247 | 231 | 11.4% |
| Japan | 205 | 198 | 236 | 228 | 3.6% |
| Malaysia | 196 | 168 | 184 | 200 | 0.7% |
| Vietnam | 195 | 168 | 171 | 191 | -0.7% |
| Germany | 58.3 | 57.3 | 90.5 | 107 | 22.4% |
| China | 98.1 | 122 | 164 | 101 | 1.0% |
| Philippines | 80.8 | 64.0 | 91.5 | 96.7 | 6.2% |
| Italy | 41.8 | 36.2 | 64.2 | 60.1 | 12.9% |
| Cambodia | 90.8 | 72.5 | 53.3 | 47.4 | -19.5% |
| Myanmar | 20.4 | 48.0 | 37.3 | 45.0 | 30.2% |
| Portugal | 13.6 | 13.4 | 15.7 | 16.4 | 6.4% |
| Others | 1,494 | 1,204 | 1,579 | 1,477 | -0.4% |
| Total | 5,600 | 5,252 | 6,265 | 5,759 | 0.9% |
Top Export Markets for New Pneumatic Tyres, of Rubber from Thailand in 2022:
- United States (49.2M units)
- Myanmar (7.2M units)
- Malaysia (6.8M units)
- Japan (6.7M units)
- Italy (6.5M units)
- Vietnam (4.9M units)
- Australia (4.4M units)
- Cambodia (3.8M units)
- South Korea (3.7M units)
- Philippines (3.6M units)
- Germany (2.4M units)
- Portugal (2.3M units)
- China (2.3M units)
Imports of New Pneumatic Tyres, of Rubber in Thailand
In 2022, overseas purchases of new pneumatic tyres, of rubbers decreased by -0.9% to 9.6M units for the first time since 2018, thus ending a three-year rising trend. The total import volume increased at an average annual rate of +5.2% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by 16%. Over the period under review, imports reached the peak figure at 9.6M units in 2021, and then reduced slightly in the following year.
In value terms, new pneumatic tyres, of rubber imports fell to $441M in 2022. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 4.7%. As a result, imports attained the peak of $451M, and then declined slightly in the following year.
| Import of New Pneumatic Tyres, of Rubber in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 132 | 169 | 173 | 166 | 7.9% |
| Japan | 48.8 | 40.1 | 44.8 | 54.5 | 3.8% |
| Indonesia | 34.6 | 33.5 | 28.3 | 33.2 | -1.4% |
| India | 21.4 | 25.5 | 29.1 | 24.8 | 5.0% |
| Malaysia | 38.8 | 28.5 | 22.0 | 24.5 | -14.2% |
| United States | 34.1 | 27.9 | 35.4 | 19.8 | -16.6% |
| Vietnam | 12.9 | 15.5 | 16.3 | 17.7 | 11.1% |
| South Korea | 8.3 | 8.8 | 12.7 | 12.2 | 13.7% |
| Others | 99.9 | 81.2 | 89.7 | 88.3 | -4.0% |
| Total | 431 | 430 | 451 | 441 | 0.8% |
Top Suppliers of New Pneumatic Tyres, of Rubber to Thailand in 2022:
- China (4.1M units)
- Indonesia (1.2M units)
- Vietnam (1.2M units)
- Japan (0.6M units)
- Malaysia (0.5M units)
- South Korea (0.3M units)
- India (0.2M units)
- United States (0.2M units)
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