Price for Inner Tubes, of Rubber in Egypt - 2023

Price for Inner Tubes, of Rubber in Egypt (CIF) - 2023

In June 2023, the average inner tubes, of rubber import price amounted to $4.3 per unit, with an increase of 13% against the previous month. Over the period under review, the import price, however, recorded a pronounced reduction. Over the period under review, average import prices reached the peak figure at $6.3 per unit in August 2022; however, from September 2022 to June 2023, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Pakistan ($6.8 per unit), while the price for Thailand ($1.4 per unit) was amongst the lowest.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Pakistan (+0.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Inner Tubes, of Rubber in Egypt (FOB) - 2022

In 2022, the average inner tubes, of rubber export price amounted to $7.3 per unit, dropping by -2.2% against the previous year. In general, export price indicated buoyant growth from 2012 to 2022: its price increased at an average annual rate of +8.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, inner tubes, of rubber export price increased by +46.3% against 2018 indices. The most prominent rate of growth was recorded in 2013 an increase of 36% against the previous year. Over the period under review, the average export prices reached the maximum at $7.5 per unit in 2021, and then declined slightly in the following year.

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 Indonesia ($18 per unit), while the average price for exports to Ethiopia ($0.5 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 Benin (+298.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Inner Tubes, of Rubber in Egypt

In 2022, purchases abroad of inner tubes, of rubbers was finally on the rise to reach 3.7M units after two years of decline. Overall, imports, however, recorded a dramatic decline. Over the period under review, imports attained the maximum at 8.8M units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, inner tubes, of rubber imports rose significantly to $19M in 2022. Over the period under review, imports, however, saw a pronounced contraction. Imports peaked at $22M in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Import of Inner Tubes, of Rubber in Egypt (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	12.0	7.2	6.5	8.6	-10.5%
India	4.9	4.8	5.8	5.9	6.4%
South Korea	1.9	2.0	1.8	1.9	0.0%
Pakistan	0.3	0.6	1.0	1.1	54.2%
Vietnam	1.5	0.5	0.2	0.7	-22.4%
Indonesia	0.3	0.2	0.1	0.2	-12.6%
Others	0.9	1.2	1.6	1.1	6.9%
Total	21.7	16.5	17.1	19.5	-3.5%

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

China (2001.7K units)
India (1026.8K units)
South Korea (268.9K units)
Pakistan (117.5K units)
Vietnam (114.0K units)
Indonesia (68.5K units)

Exports of Inner Tubes, of Rubber in Egypt

In 2022, the amount of inner tubes, of rubbers exported from Egypt dropped notably to 3.2K units, reducing by -47.2% compared with the year before. In general, exports saw a significant decrease. The most prominent rate of growth was recorded in 2021 with an increase of 2,225%. The exports peaked at 25K units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, inner tubes, of rubber exports plummeted to $23K in 2022. Over the period under review, exports faced a precipitous contraction. The most prominent rate of growth was recorded in 2021 when exports increased by 2,879%. Over the period under review, the exports hit record highs at $148K in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Export of Inner Tubes, of Rubber in Egypt (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United Arab Emirates	70.4	0.6	17.0	8.4	-50.8%
Oman	30.3	0.2	7.3	4.4	-47.4%
Indonesia	5.9	0.3	1.5	2.1	-29.1%
Angola	8.3	0.1	2.7	1.6	-42.2%
Tanzania	4.6	0.1	2.1	1.4	-32.7%
Sudan	4.6	N/A	1.4	0.8	-44.2%
Ghana	4.3	N/A	0.9	0.4	-54.7%
Ethiopia	0.4	N/A	0.1	0.1	-37.0%
Others	19.2	0.2	11.6	4.0	-40.7%
Total	148	1.5	44.6	23.1	-46.2%