Price for Inner Tubes, of Rubber in the United States - 2023
Contents:
- Price for Inner Tubes, of Rubber in the United States (CIF) - 2023
- Price for Inner Tubes, of Rubber in the United States (FOB) - 2022
- Imports of Inner Tubes, of Rubber in the United States
- Exports of Inner Tubes, of Rubber in the United States
Price for Inner Tubes, of Rubber in the United States (CIF) - 2023
In August 2023, the average inner tubes, of rubber import price amounted to $3.4 per unit, rising by 15% against the previous month. Over the period under review, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in October 2022 an increase of 29% month-to-month. Over the period under review, average import prices hit record highs at $3.9 per unit in March 2023; however, from April 2023 to August 2023, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Indonesia ($12.0 per unit), while the price for China ($1.4 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 Indonesia (+19.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Inner Tubes, of Rubber in the United States (FOB) - 2022
The average inner tubes, of rubber export price stood at $13 per unit in 2022, growing by 32% against the previous year. Over the last decade, it increased at an average annual rate of +2.2%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
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 the UK ($47 per unit), while the average price for exports to Chile ($3.5 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 UK (+37.2%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Inner Tubes, of Rubber in the United States
In 2022, after three years of growth, there was significant decline in supplies from abroad of inner tubes, of rubbers, when their volume decreased by -10.5% to 39M units. The total import volume increased at an average annual rate of +10.0% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 with an increase of 42% against the previous year. Over the period under review, imports reached the maximum at 43M units in 2021, and then dropped in the following year.
In value terms, inner tubes, of rubber imports rose notably to $114M in 2022. The total import value increased at an average annual rate of +12.9% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 with an increase of 15%. Imports peaked in 2022 and are likely to see gradual growth in the near future.
| Import of Inner Tubes, of Rubber in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 22.9 | 26.7 | 31.5 | 37.5 | 17.9% |
| China | 23.8 | 27.4 | 29.3 | 28.2 | 5.8% |
| Taiwan (Chinese) | 10.8 | 13.7 | 15.3 | 13.8 | 8.5% |
| Vietnam | 7.0 | 9.2 | 7.2 | 11.6 | 18.3% |
| Thailand | 3.4 | 3.5 | 4.6 | 5.2 | 15.2% |
| Indonesia | 0.3 | 0.5 | 2.6 | 3.5 | 126.8% |
| Others | 10.7 | 9.9 | 13.3 | 13.6 | 8.3% |
| Total | 78.9 | 90.9 | 104 | 114 | 13.1% |
Top Suppliers of Inner Tubes, of Rubber to the United States in 2022:
- China (17.5M units)
- Taiwan (Chinese) (6.7M units)
- South Korea (4.1M units)
- Vietnam (3.7M units)
- Indonesia (2.7M units)
- Thailand (2.5M units)
Exports of Inner Tubes, of Rubber in the United States
In 2022, shipments abroad of inner tubes, of rubbers decreased by -27.1% to 1.3M units for the first time since 2018, thus ending a three-year rising trend. Overall, exports saw a mild descent. The pace of growth appeared the most rapid in 2021 when exports increased by 28% against the previous year. As a result, the exports attained the peak of 1.7M units, and then dropped remarkably in the following year.
In value terms, inner tubes, of rubber exports contracted to $17M in 2022. In general, total exports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +10.2% 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 +35.1% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 41%. As a result, the exports reached the peak of $18M, and then contracted modestly in the following year.
| Export of Inner Tubes, of Rubber in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 7.2 | 6.6 | 9.3 | 10.6 | 13.8% |
| China | 0.4 | N/A | 0.1 | 0.8 | 26.0% |
| Mexico | 0.7 | 2.4 | 1.9 | 0.7 | 0.0% |
| Germany | 0.1 | 0.1 | 0.2 | 0.3 | 44.2% |
| Brazil | 0.6 | 0.3 | 1.1 | 0.2 | -30.7% |
| Hong Kong SAR | N/A | N/A | N/A | 0.2 | 0% |
| United Kingdom | 0.4 | 0.1 | 0.7 | 0.1 | -37.0% |
| Chile | 0.1 | 0.1 | 0.1 | 0.1 | 0.0% |
| Others | 3.0 | 2.7 | 4.0 | 3.9 | 9.1% |
| Total | 12.6 | 12.5 | 17.6 | 16.9 | 10.3% |
Top Export Markets for Inner Tubes, of Rubber from the United States in 2022:
- Canada (868.0K units)
- Hong Kong SAR (70.0K units)
- Mexico (56.9K units)
- China (24.9K units)
- Germany (23.7K units)
- Chile (23.1K units)
- Brazil (10.3K units)
- United Kingdom (1.5K units)
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