Price for Inner Tubes, of Rubber in Australia - 2023
Contents:
- Price for Inner Tubes, of Rubber in Australia (CIF) - 2023
- Price for Inner Tubes, of Rubber in Australia (FOB) - 2022
- Imports of Inner Tubes, of Rubber in Australia
- Exports of Inner Tubes, of Rubber in Australia
Price for Inner Tubes, of Rubber in Australia (CIF) - 2023
The average inner tubes, of rubber import price stood at $3.4 per unit in August 2023, with a decrease of -31.4% against the previous month. In general, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in April 2023 an increase of 109% m-o-m. As a result, import price reached the peak level of $9.9 per unit. From May 2023 to August 2023, the average import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was South Korea ($14.8 per unit), while the price for China ($1.2 per unit) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by South Korea (+1.2%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Inner Tubes, of Rubber in Australia (FOB) - 2022
The average inner tubes, of rubber export price stood at $18 per unit in 2022, declining by -7.5% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when the average export price increased by 161% against the previous year. As a result, the export price reached the peak level of $44 per unit. From 2014 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 Thailand ($185 per unit), while the average price for exports to New Zealand ($7.8 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 the United States (+11.1%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Inner Tubes, of Rubber in Australia
In 2022, the amount of inner tubes, of rubbers imported into Australia amounted to 4M units, approximately equating 2021 figures. The total import volume increased at an average annual rate of +5.2% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 20% against the previous year. As a result, imports attained the peak of 4.1M units. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, inner tubes, of rubber imports rose markedly to $13M in 2022. The total import value increased at an average annual rate of +7.3% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 when imports increased by 12%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the immediate term.
| Import of Inner Tubes, of Rubber in Australia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 3.5 | 3.8 | 3.7 | 3.9 | 3.7% |
| China | 3.4 | 3.1 | 3.5 | 3.7 | 2.9% |
| Thailand | 1.3 | 1.8 | 1.6 | 1.7 | 9.4% |
| Taiwan (Chinese) | 0.9 | 1.4 | 1.5 | 1.6 | 21.1% |
| Vietnam | 0.5 | 0.8 | 0.5 | 0.6 | 6.3% |
| Others | 1.0 | 1.0 | 1.5 | 1.6 | 17.0% |
| Total | 10.6 | 11.9 | 12.3 | 13.1 | 7.3% |
Top Suppliers of Inner Tubes, of Rubber to Australia in 2022:
- China (1588.8K units)
- Thailand (954.4K units)
- Taiwan (Chinese) (665.4K units)
- South Korea (314.9K units)
- Vietnam (248.9K units)
Exports of Inner Tubes, of Rubber in Australia
In 2022, shipments abroad of inner tubes, of rubbers was finally on the rise to reach 54K units after two years of decline. Overall, exports saw a buoyant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, inner tubes, of rubber exports skyrocketed to $976K in 2022. Over the period under review, exports enjoyed a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Inner Tubes, of Rubber in Australia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| New Zealand | 145 | 74.0 | 57.6 | 350 | 34.1% |
| Thailand | 90.4 | 25.4 | 54.5 | 250 | 40.4% |
| Sweden | 17.4 | 43.6 | 35.3 | 162 | 110.4% |
| Ghana | 18.1 | 20.7 | 16.8 | 77.0 | 62.0% |
| United States | 28.9 | 15.0 | 2.0 | 55.9 | 24.6% |
| Papua New Guinea | 1.0 | 3.2 | 6.7 | 30.9 | 213.8% |
| Others | 82.3 | 29.4 | 96.7 | 48.7 | -16.0% |
| Total | 383 | 211 | 269 | 976 | 36.6% |
Top Export Markets for Inner Tubes, of Rubber from Australia in 2022:
- New Zealand (44.8K units)
- Papua New Guinea (3.4K units)
- Ghana (1.4K units)
- Thailand (1.4K units)
- United States (1.3K units)
- Sweden (0.9K units)
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