Price for Inner Tubes, of Rubber in Turkey - 2023

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

The average inner tubes, of rubber import price stood at $1.4 per unit in July 2023, waning by -5.4% against the previous month. Overall, the import price recorded a slight setback. The pace of growth was the most pronounced in February 2023 when the average import price increased by 39% against the previous month. Over the period under review, average import prices attained the maximum at $2.6 per unit in November 2022; however, from December 2022 to July 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was Poland ($9.5 per unit), while the price for Bangladesh ($832 per thousand units) was amongst the lowest.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Pakistan (+1.8%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, the average inner tubes, of rubber export price amounted to $3 per unit, surging by 42% against the previous year. Over the period under review, export price indicated temperate growth from 2012 to 2022: its price increased at an average annual rate of +3.0% 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 +83.8% against 2018 indices. The pace of growth appeared the most rapid in 2020 when the average export price increased by 54% against the previous year. The export price peaked in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Saudi Arabia ($14 per unit), while the average price for exports to the Czech Republic ($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 Liberia (+11.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Inner Tubes, of Rubber in Turkey

In 2022, purchases abroad of inner tubes, of rubbers decreased by -79.3% to 4.3M units for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports faced a abrupt shrinkage. The pace of growth appeared the most rapid in 2021 with an increase of 118% against the previous year. As a result, imports reached the peak of 21M units, and then declined dramatically in the following year.

In value terms, inner tubes, of rubber imports declined notably to $7.5M in 2022. Overall, imports showed a deep setback. The most prominent rate of growth was recorded in 2021 when imports increased by 75% against the previous year. As a result, imports attained the peak of $26M, and then fell dramatically in the following year.

Import of Inner Tubes, of Rubber in Turkey (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
India	2.2	3.4	6.1	1.7	-8.2%
Pakistan	0.9	1.4	3.5	1.0	3.6%
Poland	1.7	2.7	3.7	1.0	-16.2%
Czech Republic	1.5	1.2	2.6	0.8	-18.9%
China	1.5	1.8	2.9	0.8	-18.9%
Bangladesh	0.3	0.6	2.0	0.6	26.0%
Serbia	0.3	0.6	0.9	0.3	0.0%
Thailand	0.7	0.3	1.0	0.3	-24.6%
Vietnam	0.3	0.4	0.7	0.2	-12.6%
Lao People's Democratic Republic	0.4	0.3	0.5	0.1	-37.0%
Others	2.0	2.1	1.8	0.7	-29.5%
Total	11.8	14.6	25.7	7.5	-14.0%

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

Pakistan (984.5K units)
China (702.7K units)
Bangladesh (632.1K units)
Czech Republic (608.7K units)
India (408.9K units)
Serbia (201.7K units)
Lao People's Democratic Republic (188.6K units)
Thailand (151.1K units)
Vietnam (113.1K units)
Poland (92.5K units)

Exports of Inner Tubes, of Rubber in Turkey

In 2022, approx. 1M units of inner tubes, of rubbers were exported from Turkey; declining by -70% compared with the previous year's figure. Overall, exports saw a deep setback. The pace of growth was the most pronounced in 2021 when exports increased by 182% against the previous year. As a result, the exports reached the peak of 3.4M units, and then dropped remarkably in the following year.

In value terms, inner tubes, of rubber exports declined markedly to $3M in 2022. Over the period under review, exports, however, recorded a perceptible increase. The most prominent rate of growth was recorded in 2021 with an increase of 120% against the previous year. As a result, the exports reached the peak of $7.1M, and then fell markedly in the following year.

Export of Inner Tubes, of Rubber in Turkey (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Liberia	0.6	172	1,625	829	1013.8%
Saudi Arabia	30.3	504	826	421	140.4%
Pakistan	511	318	752	383	-9.2%
Egypt	441	391	729	372	-5.5%
Bangladesh	394	398	304	242	-15.0%
Tunisia	194	204	130	118	-15.3%
United Arab Emirates	10.9	184	159	81.2	95.3%
Cyprus	80.6	87.3	129	65.5	-6.7%
Iraq	20.1	6.6	98.8	50.4	35.9%
Bosnia and Herzegovina	6.6	16.9	98.6	50.3	96.8%
Germany	14.0	12.4	53.6	27.4	25.1%
Libya	14.9	9.1	34.9	17.8	6.1%
Czech Republic	8.6	9.2	21.1	10.8	7.9%
Others	900	915	2,139	353	-26.8%
Total	2,628	3,227	7,101	3,021	4.8%