Price for Inner Tubes, of Rubber in Serbia - 2023

Contents:

1. Price for Inner Tubes, of Rubber in Serbia (FOB) - 2023
2. Price for Inner Tubes, of Rubber in Serbia (CIF) - 2022
3. Exports of Inner Tubes, of Rubber in Serbia
4. Imports of Inner Tubes, of Rubber in Serbia

Price for Inner Tubes, of Rubber in Serbia (FOB) - 2023

In November 2023, the average inner tubes, of rubber export price amounted to $5.1 per unit, growing by 64% against the previous month. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in February 2023 when the average export price increased by 74% m-o-m. As a result, the export price reached the peak level of $8.0 per unit. From March 2023 to November 2023, the the average export prices failed to regain momentum.

Prices varied noticeably by the country of destination: the country with the highest price was Sri Lanka ($12.9 per unit), while the average price for exports to Turkey ($747 per thousand units) was amongst the lowest.

From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to France (+6.0%), while the prices for the other major destinations experienced a decline.

Price for Inner Tubes, of Rubber in Serbia (CIF) - 2022

The average inner tubes, of rubber import price stood at $3.1 per unit in 2022, with an increase of 7.1% against the previous year. Overall, the import price, however, continues to indicate a noticeable contraction. The pace of growth appeared the most rapid in 2021 an increase of 16% against the previous year. The import price peaked at $3.8 per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Russia ($19 per unit), while the price for the Czech Republic ($1.1 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+21.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Exports of Inner Tubes, of Rubber in Serbia

In 2022, overseas shipments of inner tubes, of rubbers decreased by -40.5% to 4.3M units for the first time since 2018, thus ending a three-year rising trend. Over the period under review, total exports indicated a modest expansion from 2019 to 2022: its volume increased at an average annual rate of +1.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by 50%. As a result, the exports attained the peak of 7.3M units, and then declined rapidly in the following year.

In value terms, inner tubes, of rubber exports reduced dramatically to $13M in 2022. Overall, total exports indicated a tangible expansion from 2019 to 2022: its value increased at an average annual rate of +3.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +10.9% against 2019 indices. The growth pace was the most rapid in 2021 with an increase of 61%. As a result, the exports attained the peak of $21M, and then dropped rapidly in the following year.

Top Export Markets for Inner Tubes, of Rubber from Serbia in 2022:

1. France (2395.6K units)
2. Spain (847.1K units)
3. Romania (458.4K units)
4. Turkey (271.8K units)
5. Bosnia and Herzegovina (232.7K units)

Imports of Inner Tubes, of Rubber in Serbia

Inner tubes, of rubber imports into Serbia soared to 567K units in 2022, with an increase of 16% compared with the previous year's figure. Over the period under review, total imports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +16.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +59.5% against 2019 indices. The growth pace was the most rapid in 2020 with an increase of 33%. Over the period under review, imports reached the maximum in 2022 and are likely to see gradual growth in the immediate term.

In value terms, inner tubes, of rubber imports soared to $1.7M in 2022. In general, total imports indicated a significant expansion from 2019 to 2022: its value increased at an average annual rate of +21.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +80.4% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Top Suppliers of Inner Tubes, of Rubber to Serbia in 2022:

1. China (224.3K units)
2. Czech Republic (135.5K units)
3. Vietnam (110.6K units)
4. Poland (89.1K units)

Source: IndexBox Market Intelligence Platform