Price for New Pneumatic Tyres, of Rubber in the UK - 2022
Contents:
- Price for New Pneumatic Tyres, of Rubber in the UK (CIF) - 2022
- Price for New Pneumatic Tyres, of Rubber in the UK (FOB) - 2022
- Imports of New Pneumatic Tyres, of Rubber in the UK
- Exports of New Pneumatic Tyres, of Rubber in the UK
Price for New Pneumatic Tyres, of Rubber in the UK (CIF) - 2022
In February 2022, the average import price for new pneumatic tyres, of rubbers amounted to $61.3 per unit, almost unchanged from the previous month. In general, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in January 2022 when the average import price increased by 6.9% m-o-m. Over the period under review, average import prices hit record highs in February 2022.
Prices varied noticeably by the country of origin: the country with the highest price was the Netherlands ($92.1 per unit), while the price for Turkey ($37.2 per unit) was amongst the lowest.
From February 2021 to February 2022, the most notable rate of growth in terms of prices was attained by China (+2.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for New Pneumatic Tyres, of Rubber in the UK (FOB) - 2022
The average export price for new pneumatic tyres, of rubbers stood at $92.5 per unit in March 2022, dropping by -11.8% against the previous month. Overall, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in December 2021 when the average export price increased by 25% month-to-month. The export price peaked at $105 per unit in February 2022, and then shrank in the following month.
Average prices varied somewhat for the major export markets. In March 2022, the countries with the highest prices were the United States ($107 per unit) and France ($106 per unit), while the average price for exports to Belgium ($78.4 per unit) and Ireland ($85.4 per unit) were amongst the lowest.
From March 2021 to March 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+2.2%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of New Pneumatic Tyres, of Rubber in the UK
In 2022, the amount of new pneumatic tyres, of rubbers imported into the UK amounted to 55M units, stabilizing at the previous year. Over the period under review, imports, however, showed a mild slump. The pace of growth was the most pronounced in 2021 with an increase of 6.4% against the previous year. Over the period under review, imports attained the peak figure at 57M units in 2019; however, from 2020 to 2022, imports remained at a lower figure.
In value terms, new pneumatic tyres, of rubber imports totaled $3B in 2022. The total import value increased at an average annual rate of +2.9% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The growth pace was the most rapid in 2021 with an increase of 28%. Over the period under review, imports reached the maximum in 2022 and are likely to continue growth in the immediate term.
| Import of New Pneumatic Tyres, of Rubber in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 584 | 519 | 704 | 730 | 7.7% |
| Germany | 404 | 332 | 463 | 241 | -15.8% |
| Spain | 124 | 114 | 134 | 176 | 12.4% |
| Poland | 99.1 | 96.0 | 112 | 175 | 20.9% |
| South Korea | 121 | 96.4 | 113 | 140 | 5.0% |
| Thailand | 60.4 | 54.8 | 79.2 | 132 | 29.8% |
| Hungary | 79.7 | 73.9 | 88.2 | 114 | 12.7% |
| Turkey | 106 | 88.5 | 97.3 | 113 | 2.2% |
| Japan | 98.5 | 70.5 | 70.4 | 111 | 4.1% |
| Romania | 90.5 | 87.2 | 89.7 | 110 | 6.7% |
| Serbia | 87.5 | 63.4 | 75.4 | 76.2 | -4.5% |
| Indonesia | 50.8 | 33.6 | 46.7 | 43.7 | -4.9% |
| Vietnam | 11.2 | 11.1 | 16.8 | 34.0 | 44.8% |
| Others | 840 | 691 | 884 | 805 | -1.4% |
| Total | 2,756 | 2,331 | 2,975 | 3,001 | 2.9% |
Top Suppliers of New Pneumatic Tyres, of Rubber to the UK in 2022:
- China (22.1M units)
- Germany (3.6M units)
- Thailand (2.7M units)
- South Korea (2.2M units)
- Turkey (1.9M units)
- Poland (1.9M units)
- Hungary (1.9M units)
- Serbia (1.7M units)
- Vietnam (1.7M units)
- Spain (1.7M units)
- Romania (1.5M units)
- Japan (1.5M units)
- Indonesia (1.4M units)
Exports of New Pneumatic Tyres, of Rubber in the UK
In 2022, overseas shipments of new pneumatic tyres, of rubbers increased by 2.4% to 4M units for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, showed a sharp shrinkage. The exports peaked at 12M units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
In value terms, new pneumatic tyres, of rubber exports expanded significantly to $459M in 2022. In general, exports, however, showed a deep downturn. Over the period under review, the exports attained the maximum at $691M in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
| Export of New Pneumatic Tyres, of Rubber in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 86.0 | 55.3 | 59.8 | 71.0 | -6.2% |
| Germany | 83.2 | 47.3 | 39.7 | 46.5 | -17.6% |
| Ireland | 95.8 | 92.9 | 70.7 | 42.9 | -23.5% |
| Netherlands | 79.0 | 64.9 | 40.7 | 35.5 | -23.4% |
| Slovakia | 26.1 | 17.9 | 21.3 | 28.0 | 2.4% |
| Belgium | 31.2 | 28.1 | 18.0 | 25.7 | -6.3% |
| Italy | 29.5 | 19.4 | 21.2 | 21.2 | -10.4% |
| France | 41.6 | 16.7 | 15.5 | 18.4 | -23.8% |
| China | 22.1 | 22.3 | 21.5 | 16.6 | -9.1% |
| Switzerland | 2.3 | 1.7 | 6.7 | 15.7 | 89.7% |
| Spain | 29.2 | 15.3 | 11.2 | 13.6 | -22.5% |
| United Arab Emirates | 11.5 | 11.2 | 8.7 | 7.7 | -12.5% |
| Canada | 13.9 | 5.3 | 6.1 | 7.1 | -20.1% |
| Others | 140 | 68.6 | 79.4 | 109 | -8.0% |
| Total | 691 | 467 | 420 | 459 | -12.7% |
Top Export Markets for New Pneumatic Tyres, of Rubber from the UK in 2022:
- United States (528.1K units)
- Germany (514.8K units)
- Ireland (393.5K units)
- Netherlands (344.8K units)
- Slovakia (242.3K units)
- Belgium (225.0K units)
- Switzerland (203.7K units)
- Italy (201.4K units)
- France (183.4K units)
- China (180.3K units)
- Spain (130.2K units)
- United Arab Emirates (93.3K units)
- Canada (61.6K units)
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