Price for New Pneumatic Tyres, of Rubber in Vietnam - 2021
Contents:
- Price for New Pneumatic Tyres, of Rubber in Vietnam (FOB) - 2021
- Price for New Pneumatic Tyres, of Rubber in Vietnam (CIF) - 2021
- Exports of New Pneumatic Tyres, of Rubber in Vietnam
- Imports of New Pneumatic Tyres, of Rubber in Vietnam
Price for New Pneumatic Tyres, of Rubber in Vietnam (FOB) - 2021
The average export price for new pneumatic tyres, of rubbers stood at $52.3 per unit in November 2020, almost unchanged from the previous month. In general, the export price, however, continues to indicate a relatively flat trend pattern. The export price peaked at $53.1 per unit in June 2020; however, from July 2020 to November 2020, the export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Germany ($67.8 per unit), while the average price for exports to Spain ($44.1 per unit) was amongst the lowest.
From February 2020 to November 2020, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+0.7%), while the prices for the other major destinations experienced more modest paces of growth.
Price for New Pneumatic Tyres, of Rubber in Vietnam (CIF) - 2021
In December 2020, the average import price for new pneumatic tyres, of rubbers amounted to $52.0 per unit, approximately equating the previous month. Overall, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in September 2020 an increase of 6.3% m-o-m. Over the period under review, average import prices hit record highs at $53.2 per unit in January 2020; however, from February 2020 to December 2020, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Spain ($79.2 per unit), while the price for China ($46.5 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 Spain (+5.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of New Pneumatic Tyres, of Rubber in Vietnam
In 2022, approx. 50M units of new pneumatic tyres, of rubbers were exported from Vietnam; with a decrease of -10.7% compared with 2021 figures. Over the period under review, exports continue to indicate a abrupt decline. The growth pace was the most rapid in 2021 when exports increased by 20% against the previous year. Over the period under review, the exports hit record highs at 61M units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
In value terms, new pneumatic tyres, of rubber exports fell to $1.5B in 2022. The total export value increased at an average annual rate of +4.0% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when exports increased by 31%. As a result, the exports attained the peak of $1.7B, and then reduced in the following year.
| Export of New Pneumatic Tyres, of Rubber in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 694 | 728 | 964 | 765 | 3.3% |
| Brazil | 46.3 | 30.8 | 75.0 | 151 | 48.3% |
| Canada | 24.6 | 38.3 | 79.1 | 64.4 | 37.8% |
| Germany | 37.5 | 35.5 | 53.1 | 63.3 | 19.1% |
| Japan | 42.7 | 33.1 | 37.6 | 43.7 | 0.8% |
| Australia | 25.7 | 36.8 | 30.2 | 30.4 | 5.8% |
| Malaysia | 41.9 | 35.3 | 38.6 | 29.8 | -10.7% |
| Netherlands | 30.5 | 23.9 | 29.6 | 27.0 | -4.0% |
| Cambodia | 23.9 | 20.3 | 24.1 | 18.7 | -7.9% |
| Italy | 13.1 | 10.9 | 11.7 | 14.9 | 4.4% |
| Bulgaria | 5.0 | 4.9 | 6.2 | 10.3 | 27.2% |
| Taiwan (Chinese) | 12.0 | 10.0 | 13.2 | 10.2 | -5.3% |
| China | 12.2 | 12.9 | 11.7 | 8.9 | -10.0% |
| Others | 351 | 305 | 365 | 294 | -5.7% |
| Total | 1,360 | 1,326 | 1,739 | 1,532 | 4.0% |
Top Export Markets for New Pneumatic Tyres, of Rubber from Vietnam in 2022:
- United States (15.7M units)
- Germany (9.7M units)
- Netherlands (3.9M units)
- Brazil (2.1M units)
- Bulgaria (1.5M units)
- Cambodia (1.3M units)
- Japan (1.2M units)
- Canada (1.1M units)
- Taiwan (Chinese) (1.0M units)
- Australia (0.9M units)
- China (0.9M units)
- Italy (0.8M units)
- Malaysia (0.7M units)
Imports of New Pneumatic Tyres, of Rubber in Vietnam
New pneumatic tyres, of rubber imports into Vietnam reduced to 5.3M units in 2022, with a decrease of -9.8% compared with 2021. The total import volume increased at an average annual rate of +1.7% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 25% against the previous year. As a result, imports attained the peak of 5.8M units, and then dropped in the following year.
In value terms, new pneumatic tyres, of rubber imports declined to $382M in 2022. Overall, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 13% against the previous year. As a result, imports attained the peak of $405M, and then dropped in the following year.
| Import of New Pneumatic Tyres, of Rubber in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 178 | 165 | 184 | 170 | -1.5% |
| China | 80.2 | 82.2 | 108 | 107 | 10.1% |
| Japan | 38.1 | 39.9 | 38.5 | 31.4 | -6.2% |
| Indonesia | 24.8 | 22.5 | 18.7 | 20.4 | -6.3% |
| India | 11.7 | 10.3 | 12.7 | 12.9 | 3.3% |
| Malaysia | 10.6 | 8.3 | 8.9 | 8.6 | -6.7% |
| South Korea | 13.7 | 8.7 | 5.7 | 6.5 | -22.0% |
| Taiwan (Chinese) | 1.0 | 1.4 | 2.4 | 2.3 | 32.0% |
| Others | 29.4 | 20.6 | 26.6 | 23.3 | -7.5% |
| Total | 388 | 359 | 405 | 382 | -0.5% |
Top Suppliers of New Pneumatic Tyres, of Rubber to Vietnam in 2022:
- Thailand (1990.5K units)
- China (1541.7K units)
- Indonesia (544.3K units)
- Taiwan (Chinese) (294.4K units)
- Japan (270.0K units)
- Malaysia (157.6K units)
- India (141.0K units)
- South Korea (68.6K units)
379
This report provides an in-depth analysis of the aircraft tyre market in Vietnam.
1130
This report provides an in-depth analysis of the tyre market in Vietnam.
513
This report provides an in-depth analysis of the market for agricultural, construction and industrial machinery tyre in Vietnam.
663
This report provides an in-depth analysis of the passenger car tyre market in Vietnam.
454
This report provides an in-depth analysis of the market for truck and bus tyre in Vietnam.
756
This report provides an in-depth analysis of the market for motorcycle or bicycle tyre in Vietnam.
548
This report provides an in-depth analysis of the roundwood market in Vietnam.
416
This report provides an in-depth analysis of the seat market in Vietnam.
591
This report provides an in-depth analysis of the market for soap in bars other than for toilet use in Vietnam.
487
This report provides an in-depth analysis of the market for soap in bars for toilet use in Vietnam.
687
The tyre industry has witnessed significant growth over the years, driven by the increasing demand for automobiles and the expanding global automotive industry. As a result, tire manufacturers around the world are constantly looking to tap into the best import markets for tyres to ensure their products reach a wider audience. The IndexBox Market Intelligence Platform provides comprehensive and up-to-date data on global trade, including import values, market trends, and key statistics. Based on the data sourced from the IndexBox platform, we have compiled a list of the top 10 countries with the highest import values for tyres in 2022. The United States takes the top spot with an import value of $18.7 billion in 2022, followed by Germany and France. Emerging economies like Mexico, Canada, and Australia also contribute significantly to the import market for tyres. The IndexBox market intelligence platform delivers valuable insights into these markets, helping manufacturers and traders make informed decisions and capitalize on the opportunities available.
2740
The global tire market is expected to reach $209 billion in 2030, growing with a CAGR of +2.4% from 2022 to 2030.
159
Explore the top import markets for agricultural, construction, and industrial machinery tyres in 2023. Find out which countries are leading the way in importing high-quality tyres for various sectors.
1113
In value terms, agricultural, horticultural, forestry equipment imports totaled $X in 2016. Overall, it indicated a conspicuous growth from 2007 to 2016: the total imports value increased at an ave...
1010
In value terms, machining centres, unit construction machines imports amounted to $X in 2016. Overall, it indicated a slight expansion from 2007 to 2016: the total imports value decreased at an ave...
693
In value terms, machining centres, unit construction machines exports stood at $X in 2016. Overall, it indicated a mild growth from 2007 to 2016: the total exports value decreased at an average ann...
835
In value terms, agricultural, horticultural, forestry equipment exports stood at $X in 2016. Overall, it indicated a measured expansion from 2007 to 2016: the total exports value increased at an av...
2410
In 2016, the amount of agriculture tire imported worldwide stood at X tons, rising by X% against the previous year figure. Overall, agriculture tire imports continue to indicate a relatively flat ...
756
In 2016, the amount of agriculture tire imported worldwide stood at X tons, rising by X% against the previous year figure. Overall, agriculture tire imports continue to indicate a relatively flat ...
1242
Despite a rather deep plunge in exports in 2014, Japan remained the leader in the global tyres for agriculture trade. In 2014, Japan exported X million units of tyres for agriculture totaling X billion USD, X% under the previous year. Its primary tr
