Price for Rubber; Inner Tubes, of A Kind Used On Bicycles in India - 2023

Price for Rubber; Inner Tubes, of A Kind Used On Bicycles in India (FOB) - 2022

In 2022, the average export price for rubber; inner tubes, of a kind used on bicycleses amounted to $0.7 per unit, surging by 3.4% against the previous year. In general, the export price, however, continues to indicate a noticeable decline. The pace of growth was the most pronounced in 2014 when the average export price increased by 17%. As a result, the export price attained the peak level of $1.3 per unit. From 2015 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Nepal ($0.9 per unit), while the average price for exports to Egypt ($0.4 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 Nepal (-2.4%), while the prices for the other major destinations experienced a decline.

Price for Rubber; Inner Tubes, of A Kind Used On Bicycles in India (CIF) - 2022

In 2022, the average import price for rubber; inner tubes, of a kind used on bicycleses amounted to $1.5 per unit, rising by 26% against the previous year. In general, import price indicated a resilient increase from 2012 to 2022: its price increased at an average annual rate of +10.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for rubber; inner tubes, of a kind used on bicycleses increased by +42.5% against 2019 indices. The pace of growth was the most pronounced in 2013 when the average import price increased by 107% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Sri Lanka ($4.3 per unit), while the price for China ($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 Sri Lanka (+17.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Rubber; Inner Tubes, of A Kind Used On Bicycles in India

In 2022, the amount of rubber; inner tubes, of a kind used on bicycleses exported from India declined dramatically to 31M units, falling by -31% on the previous year. In general, exports continue to indicate a perceptible slump. The growth pace was the most rapid in 2021 when exports increased by 43%. As a result, the exports attained the peak of 45M units, and then fell remarkably in the following year.

In value terms, exports of rubber; inner tubes, of a kind used on bicycleses shrank dramatically to $22M in 2022. Overall, exports saw a noticeable setback. The pace of growth appeared the most rapid in 2021 with an increase of 44% against the previous year. As a result, the exports attained the peak of $31M, and then declined rapidly in the following year.

Export of Rubber; Inner Tubes, of A Kind Used On Bicycles in India (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Tanzania	3.4	2.9	4.1	3.6	1.9%
Mexico	3.6	3.8	4.3	2.1	-16.4%
Kenya	0.8	1.9	2.0	2.1	37.9%
Iraq	1.2	1.2	1.9	1.2	0.0%
Uganda	2.6	1.6	1.5	1.0	-27.3%
Nepal	0.8	1.3	1.2	0.9	4.0%
Mozambique	0.8	0.8	1.1	0.9	4.0%
United Arab Emirates	0.4	0.7	0.7	0.8	26.0%
Zambia	1.0	0.9	1.1	0.8	-7.2%
Cote d'Ivoire	0.6	0.6	1.4	0.6	0.0%
Burkina Faso	1.8	0.8	0.9	0.4	-39.4%
Madagascar	0.3	0.3	0.6	0.3	0.0%
Egypt	0.7	0.3	0.3	0.3	-24.6%
Others	6.5	4.3	9.8	7.0	2.5%
Total	24.4	21.5	31.0	22.1	-3.2%

Top Export Markets for Rubber; Inner Tubes, of A Kind Used On Bicycles from India in 2022:

Tanzania (5.2M units)
Mexico (3.3M units)
Kenya (2.9M units)
Iraq (1.9M units)
Uganda (1.4M units)
Mozambique (1.2M units)
United Arab Emirates (1.1M units)
Cote d'Ivoire (1.1M units)
Nepal (1.0M units)
Zambia (1.0M units)
Egypt (0.8M units)
Burkina Faso (0.7M units)
Madagascar (0.6M units)

Imports of Rubber; Inner Tubes, of A Kind Used On Bicycles in India

For the third consecutive year, India recorded decline in overseas purchases of rubber; inner tubes, of a kind used on bicycleses, which decreased by -64.3% to 149K units in 2022. In general, imports showed a sharp setback. The smallest decline of -2% was in 2021. Over the period under review, imports of reached the peak figure at 588K units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of rubber; inner tubes, of a kind used on bicycleses fell dramatically to $217K in 2022. Overall, imports continue to indicate a sharp setback. The growth pace was the most rapid in 2021 with an increase of 4.3%. Imports peaked at $603K in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Import of Rubber; Inner Tubes, of A Kind Used On Bicycles in India (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	411	249	247	89.9	-39.7%
Vietnam	75.3	128	80.7	51.3	-12.0%
Taiwan (Chinese)	7.0	14.9	34.7	28.7	60.1%
Thailand	26.2	38.4	48.5	15.4	-16.2%
Japan	9.7	3.5	13.6	11.3	5.2%
Germany	4.9	15.8	27.3	10.3	28.1%
Sri Lanka	58.1	2.8	N/A	0.1	-88.0%
Others	10.3	9.7	30.4	10.2	-0.3%
Total	603	462	482	217	-28.9%