Price for Used Pneumatic Tyres of Rubber in Malaysia - 2021
Contents:
- Price for Used Pneumatic Tyres of Rubber in Malaysia (CIF) - 2022
- Price for Used Pneumatic Tyres of Rubber in Malaysia (FOB) - 2022
- Imports of Used Pneumatic Tyres of Rubber in Malaysia
- Exports of Used Pneumatic Tyres of Rubber in Malaysia
Price for Used Pneumatic Tyres of Rubber in Malaysia (CIF) - 2022
The average import price for used pneumatic tyres of rubbers stood at $23 per unit in 2022, declining by -12.9% against the previous year. In general, the import price showed a pronounced decline. The growth pace was the most rapid in 2018 when the average import price increased by 30%. Over the period under review, average import prices reached the peak figure at $36 per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Thailand ($52 per unit), while the price for Australia ($15 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+1.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Used Pneumatic Tyres of Rubber in Malaysia (FOB) - 2022
In 2022, the average export price for used pneumatic tyres of rubbers amounted to $11 per unit, shrinking by -16.9% against the previous year. Over the period under review, the export price recorded a pronounced contraction. The most prominent rate of growth was recorded in 2017 an increase of 39%. As a result, the export price reached the peak level of $20 per unit. From 2018 to 2022, the average export prices remained at a somewhat lower figure.
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 Cambodia ($22 per unit), while the average price for exports to India ($7.6 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 Cambodia (+4.1%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Used Pneumatic Tyres of Rubber in Malaysia
In 2022, overseas purchases of used pneumatic tyres of rubbers increased by 4.8% to 371K units for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, continue to indicate a abrupt downturn. Over the period under review, imports attained the maximum at 558K units in 2019; however, from 2020 to 2022, imports failed to regain momentum.
In value terms, used pneumatic tyres of rubber imports fell to $8.5M in 2022. Overall, imports, however, saw a noticeable decrease. The most prominent rate of growth was recorded in 2021 with an increase of 21% against the previous year. Imports peaked at $9.4M in 2019; however, from 2020 to 2022, imports failed to regain momentum.
| Import of Used Pneumatic Tyres of Rubber in Malaysia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 6.6 | 4.8 | 5.4 | 5.5 | -5.9% |
| Thailand | N/A | 0.7 | 1.7 | 1.0 | 19.5% |
| China | 0.2 | 0.2 | 0.2 | 0.7 | 51.8% |
| Singapore | 0.8 | 0.6 | 0.6 | 0.4 | -20.6% |
| Australia | 0.5 | 0.7 | 0.4 | 0.3 | -15.7% |
| Taiwan (Chinese) | 0.5 | 0.2 | 0.3 | 0.2 | -26.3% |
| Brunei Darussalam | 0.2 | 0.1 | 0.3 | 0.2 | 0.0% |
| Others | 0.6 | 0.5 | 0.4 | 0.2 | -30.7% |
| Total | 9.4 | 7.7 | 9.3 | 8.5 | -3.3% |
Top Suppliers of Used Pneumatic Tyres of Rubber to Malaysia in 2022:
- Japan (262.5K units)
- Singapore (23.6K units)
- Australia (20.2K units)
- Thailand (19.7K units)
- China (19.5K units)
- Taiwan (Chinese) (9.3K units)
- Brunei Darussalam (6.0K units)
Exports of Used Pneumatic Tyres of Rubber in Malaysia
In 2022, approx. 136K units of used pneumatic tyres of rubbers were exported from Malaysia; with an increase of 2.3% compared with 2021. Overall, exports, however, showed a deep downturn. The growth pace was the most rapid in 2021 with an increase of 63% against the previous year. Over the period under review, the exports attained the maximum at 222K units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
In value terms, used pneumatic tyres of rubber exports fell to $1.5M in 2022. In general, exports, however, showed a precipitous slump. The most prominent rate of growth was recorded in 2021 when exports increased by 43% against the previous year. Over the period under review, the exports reached the peak figure at $3.7M in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
| Export of Used Pneumatic Tyres of Rubber in Malaysia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 1,336 | 685 | 1,020 | 825 | -14.8% |
| Thailand | 757 | 229 | 168 | 169 | -39.3% |
| Singapore | 245 | 122 | 232 | 157 | -13.8% |
| Indonesia | 874 | 6.7 | 10.3 | 108 | -50.2% |
| Cambodia | 148 | 76.1 | 113 | 91.5 | -14.8% |
| India | 83.6 | 5.7 | 71.3 | 48.3 | -16.7% |
| Philippines | 80.8 | 35.7 | 45.8 | 31.9 | -26.6% |
| Others | 208 | 75.2 | 105 | 70.0 | -30.4% |
| Total | 3,732 | 1,236 | 1,765 | 1,501 | -26.2% |
Top Export Markets for Used Pneumatic Tyres of Rubber from Malaysia in 2022:
- Vietnam (87.8K units)
- Thailand (12.6K units)
- Indonesia (11.8K units)
- Singapore (7.2K units)
- India (6.4K units)
- Cambodia (4.2K units)
- Philippines (2.7K units)
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