Price for Used Pneumatic Tyres of Rubber in Ghana - 2022

Contents:

1. Price for Used Pneumatic Tyres of Rubber in Ghana (CIF) - 2022
2. Price for Used Pneumatic Tyres of Rubber in Ghana (FOB) - 2022
3. Imports of Used Pneumatic Tyres of Rubber in Ghana
4. Exports of Used Pneumatic Tyres of Rubber in Ghana

Price for Used Pneumatic Tyres of Rubber in Ghana (CIF) - 2022

In 2022, the average import price for used pneumatic tyres of rubbers amounted to $8.6 per unit, dropping by -10.8% against the previous year. In general, the import price recorded a pronounced descent. The most prominent rate of growth was recorded in 2017 an increase of 43% against the previous year. The import price peaked at $14 per unit in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($29 per unit), while the price for Greece ($1.9 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+8.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Used Pneumatic Tyres of Rubber in Ghana (FOB) - 2022

In 2022, the average export price for used pneumatic tyres of rubbers amounted to $92 per unit, with an increase of 4.5% against the previous year. In general, the export price saw resilient growth. The most prominent rate of growth was recorded in 2019 when the average export price increased by 106% against the previous year. Over the period under review, the average export prices attained the peak figure at $105 per unit in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($509 per unit), while the average price for exports to Mali ($20 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 Netherlands (+22.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Used Pneumatic Tyres of Rubber in Ghana

In 2022, after three years of growth, there was decline in supplies from abroad of used pneumatic tyres of rubbers, when their volume decreased by -2.2% to 1.4M units. In general, total imports indicated significant growth from 2019 to 2022: its volume increased at an average annual rate of +23.5% 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 +88.3% against 2019 indices. The pace of growth was the most pronounced in 2020 with an increase of 40% against the previous year. Imports peaked at 1.4M units in 2021, and then declined modestly in the following year.

In value terms, used pneumatic tyres of rubber imports reduced to $12M in 2022. The total import value increased at an average annual rate of +6.6% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 when imports increased by 19% against the previous year. Imports peaked at $14M in 2021, and then contracted in the following year.

Top Suppliers of Used Pneumatic Tyres of Rubber to Ghana in 2022:

1. Italy (586.5K units)
2. Japan (145.5K units)
3. Germany (143.0K units)
4. Netherlands (135.5K units)
5. Belgium (108.6K units)
6. China (46.5K units)
7. South Korea (33.2K units)
8. Switzerland (27.8K units)
9. Greece (27.5K units)
10. Australia (22.1K units)
11. United Arab Emirates (20.6K units)
12. Spain (17.8K units)
13. United Kingdom (12.4K units)

Exports of Used Pneumatic Tyres of Rubber in Ghana

In 2022, shipments abroad of used pneumatic tyres of rubbers decreased by -51.7% to 718 units for the first time since 2018, thus ending a three-year rising trend. Overall, exports saw a deep contraction. The pace of growth was the most pronounced in 2020 when exports increased by 17%. Over the period under review, the exports reached the peak figure at 1.5K units in 2021, and then shrank significantly in the following year.

In value terms, used pneumatic tyres of rubber exports shrank notably to $66K in 2022. Over the period under review, exports saw a deep slump. The most prominent rate of growth was recorded in 2020 when exports increased by 50% against the previous year. As a result, the exports attained the peak of $144K. From 2021 to 2022, the growth of the exports failed to regain momentum.

Top Export Markets for Used Pneumatic Tyres of Rubber from Ghana in 2022:

1. Burkina Faso (532.0 units)
2. Togo (58.0 units)
3. Netherlands (51.0 units)
4. Cote d'Ivoire (35.0 units)
5. Mali (15.0 units)
6. Niger (9.0 units)

Source: IndexBox Market Intelligence Platform