Price for Inner Tubes, of Rubber in Canada - 2023
Contents:
- Price for Inner Tubes, of Rubber in Canada (CIF) - 2022
- Price for Inner Tubes, of Rubber in Canada (FOB) - 2023
- Imports of Inner Tubes, of Rubber in Canada
- Exports of Inner Tubes, of Rubber in Canada
Price for Inner Tubes, of Rubber in Canada (CIF) - 2022
In 2022, the average inner tubes, of rubber import price amounted to $5 per unit, waning by -7% against the previous year. In general, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 15% against the previous year. As a result, import price attained the peak level of $5.8 per unit. From 2018 to 2022, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($50 per unit), while the price for Thailand ($2.3 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+4.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Inner Tubes, of Rubber in Canada (FOB) - 2023
The average inner tubes, of rubber export price stood at $6.7 per unit in June 2023, picking up by 158% against the previous month. Over the period under review, the export price posted resilient growth. The most prominent rate of growth was recorded in February 2023 an increase of 671% against the previous month. As a result, the export price reached the peak level of $16.3 per unit. From March 2023 to June 2023, the the average export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for the United States.
From June 2022 to June 2023, the rate of growth in terms of prices for the United States amounted to +12.1% per month.
Imports of Inner Tubes, of Rubber in Canada
Inner tubes, of rubber imports into Canada skyrocketed to 5.1M units in 2022, increasing by 18% against the previous year's figure. Overall, total imports indicated a resilient expansion from 2019 to 2022: its volume increased at an average annual rate of +17.7% 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 +63.2% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 36% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.
In value terms, inner tubes, of rubber imports rose sharply to $25M in 2022. In general, total imports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +16.2% 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 +58.3% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 44% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to see gradual growth in the near future.
| Import of Inner Tubes, of Rubber in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 4.0 | 3.1 | 4.9 | 5.4 | 10.5% |
| United States | 4.6 | 3.7 | 4.7 | 5.1 | 3.5% |
| Hungary | 1.4 | 1.9 | 3.8 | 4.2 | 44.2% |
| South Korea | 1.6 | 2.3 | 2.6 | 2.8 | 20.5% |
| Vietnam | 1.4 | 1.7 | 2.1 | 2.3 | 18.0% |
| Taiwan (Chinese) | 1.5 | 1.1 | 1.8 | 1.9 | 8.2% |
| Thailand | 0.2 | 1.0 | 1.3 | 1.4 | 91.3% |
| Others | 1.6 | 1.3 | 1.9 | 2.2 | 11.2% |
| Total | 16.2 | 16.0 | 23.2 | 25.4 | 16.2% |
Top Suppliers of Inner Tubes, of Rubber to Canada in 2022:
- China (2229.3K units)
- Taiwan (Chinese) (693.8K units)
- Vietnam (642.4K units)
- Thailand (621.3K units)
- Hungary (355.9K units)
- South Korea (313.2K units)
- United States (102.0K units)
Exports of Inner Tubes, of Rubber in Canada
In 2022, the amount of inner tubes, of rubbers exported from Canada expanded notably to 390K units, picking up by 13% against the previous year. In general, exports enjoyed a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 85% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.
In value terms, inner tubes, of rubber exports expanded markedly to $904K in 2022. Over the period under review, exports saw a buoyant increase. The pace of growth was the most pronounced in 2021 with an increase of 124% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the near future.
| Export of Inner Tubes, of Rubber in Canada (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 216 | 288 | 688 | 707 | 48.5% |
| South Africa | 332 | 53.6 | 112 | 168 | -20.3% |
| France | 3.1 | 0.5 | 12.5 | 12.8 | 60.4% |
| Spain | 1.8 | 3.2 | 6.2 | 6.4 | 52.6% |
| Others | 43.4 | 29.1 | 20.3 | 10.3 | -38.1% |
| Total | 596 | 374 | 839 | 904 | 14.9% |
Top Export Markets for Inner Tubes, of Rubber from Canada in 2022:
- United States (368.9K units)
- Spain (7.9K units)
- France (7.0K units)
- South Africa (4.4K units)
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