Price for New Pneumatic Tyres, of Rubber in Norway - 2022
Contents:
- Price for New Pneumatic Tyres, of Rubber in Norway (CIF) - 2022
- Price for New Pneumatic Tyres, of Rubber in Norway (FOB) - 2022
- Imports of New Pneumatic Tyres, of Rubber in Norway
- Exports of New Pneumatic Tyres, of Rubber in Norway
Price for New Pneumatic Tyres, of Rubber in Norway (CIF) - 2022
In 2022, the average import price for new pneumatic tyres, of rubbers amounted to $90 per unit, growing by 2% against the previous year. In general, the import price, however, showed a slight descent. The pace of growth was the most pronounced in 2021 when the average import price increased by 17%. The import price peaked at $104 per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($176 per unit), while the price for Taiwan (Chinese) ($21 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+2.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for New Pneumatic Tyres, of Rubber in Norway (FOB) - 2022
The average export price for new pneumatic tyres, of rubbers stood at $101 per unit in 2022, dropping by -34.9% against the previous year. In general, the export price recorded a pronounced decline. The pace of growth was the most pronounced in 2021 when the average export price increased by 45%. As a result, the export price attained the peak level of $155 per unit, and then fell sharply in the following year.
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 Iceland ($175 per unit), while the average price for exports to Georgia ($5.2 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 Faroe Islands (+0.2%), while the prices for the other major destinations experienced a decline.
Imports of New Pneumatic Tyres, of Rubber in Norway
For the fourth year in a row, Norway recorded growth in overseas purchases of new pneumatic tyres, of rubbers, which increased by 5.1% to 5.6M units in 2022. The total import volume increased at an average annual rate of +4.3% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 7.2%. Imports peaked in 2022 and are likely to see steady growth in the immediate term.
In value terms, new pneumatic tyres, of rubber imports expanded notably to $505M in 2022. The total import value increased at an average annual rate of +9.3% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 26%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.
| Import of New Pneumatic Tyres, of Rubber in Norway (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 52.4 | 49.4 | 68.4 | 91.2 | 20.3% |
| Finland | 33.7 | 21.8 | 34.2 | 82.5 | 34.8% |
| Germany | 44.0 | 40.5 | 36.4 | 48.2 | 3.1% |
| France | 30.8 | 24.1 | 39.7 | 46.1 | 14.4% |
| Russia | 62.3 | 90.2 | 122 | 40.8 | -13.2% |
| Japan | 24.7 | 20.2 | 24.2 | 28.0 | 4.3% |
| Slovakia | 15.9 | 11.7 | 16.7 | 26.4 | 18.4% |
| Poland | 10.6 | 9.9 | 18.4 | 22.5 | 28.5% |
| South Korea | 14.1 | 15.3 | 17.0 | 19.4 | 11.2% |
| India | 6.3 | 6.9 | 8.9 | 11.5 | 22.2% |
| Czech Republic | 8.1 | 8.2 | 11.1 | 10.7 | 9.7% |
| Turkey | 6.0 | 4.8 | 6.9 | 9.7 | 17.4% |
| Taiwan (Chinese) | 3.4 | 2.9 | 4.2 | 4.7 | 11.4% |
| Others | 73.8 | 68.4 | 62.8 | 63.0 | -5.1% |
| Total | 386 | 374 | 471 | 505 | 9.4% |
Top Suppliers of New Pneumatic Tyres, of Rubber to Norway in 2022:
- China (1529.6K units)
- Finland (723.5K units)
- Germany (512.0K units)
- Russia (432.2K units)
- Japan (263.7K units)
- France (262.7K units)
- South Korea (252.0K units)
- Taiwan (Chinese) (218.1K units)
- Poland (203.1K units)
- Slovakia (199.6K units)
- Turkey (117.0K units)
- Czech Republic (107.6K units)
- India (97.9K units)
Exports of New Pneumatic Tyres, of Rubber in Norway
In 2022, approx. 73K units of new pneumatic tyres, of rubbers were exported from Norway; increasing by 183% on the previous year. Overall, exports saw a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, new pneumatic tyres, of rubber exports skyrocketed to $7.4M in 2022. Over the period under review, exports showed a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of New Pneumatic Tyres, of Rubber in Norway (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sweden | 1,702 | 2,342 | 635 | 4,013 | 33.1% |
| Denmark | 240 | 184 | 158 | 900 | 55.4% |
| Finland | 111 | 16.6 | 26.5 | 614 | 76.9% |
| Iceland | 118 | 428 | 159 | 534 | 65.4% |
| Netherlands | 133 | 209 | 140 | 451 | 50.2% |
| Faroe Islands | 383 | 286 | 107 | 226 | -16.1% |
| France | 2.5 | 0.2 | 21.8 | 74.6 | 210.2% |
| Ghana | N/A | N/A | N/A | 23.7 | 0% |
| Georgia | N/A | N/A | N/A | 11.0 | 0% |
| United States | 59.2 | 779 | 2,644 | 1.1 | -73.5% |
| Others | 263 | 628 | 118 | 526 | 26.0% |
| Total | 3,011 | 4,872 | 4,010 | 7,374 | 34.8% |
Top Export Markets for New Pneumatic Tyres, of Rubber from Norway in 2022:
- United States (undefinedK units)
- Sweden (38.2K units)
- Denmark (9.1K units)
- Finland (4.4K units)
- Netherlands (4.3K units)
- Iceland (3.1K units)
- Ghana (2.2K units)
- Georgia (2.1K units)
- Faroe Islands (1.9K units)
- France (1.9K units)
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