Price for New Pneumatic Tyres, of Rubber in Romania - 2022

Contents:

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

Price for New Pneumatic Tyres, of Rubber in Romania (FOB) - 2022

The average export price for new pneumatic tyres, of rubbers stood at $63.9 per unit in April 2022, surging by 6.8% against the previous month. Over the period from April 2021 to April 2022, it increased at an average monthly rate of +1.1%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major external markets. In April 2022, the country with the highest price was the United States ($77.5 per unit), while the average price for exports to Algeria ($41.7 per unit) was amongst the lowest.

From April 2021 to April 2022, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (+2.4%), while the prices for the other major destinations experienced more modest paces of growth.

Price for New Pneumatic Tyres, of Rubber in Romania (CIF) - 2022

In April 2022, the average import price for new pneumatic tyres, of rubbers amounted to $60.0 per unit, remaining constant against the previous month. In general, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in May 2021 an increase of 6.9% m-o-m. The import price peaked in April 2022.

There were significant differences in the average prices amongst the major supplying countries. In April 2022, the country with the highest price was South Korea ($70.8 per unit), while the price for Turkey ($46.1 per unit) was amongst the lowest.

From April 2021 to April 2022, the most notable rate of growth in terms of prices was attained by Serbia (+1.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of New Pneumatic Tyres, of Rubber in Romania

In 2022, the amount of new pneumatic tyres, of rubbers exported from Romania rose notably to 39M units, with an increase of 8.2% on 2021 figures. The total export volume increased at an average annual rate of +3.8% 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 when exports increased by 15% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in the immediate term.

In value terms, new pneumatic tyres, of rubber exports soared to $2.2B in 2022. The total export value increased at an average annual rate of +9.9% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 22%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Top Export Markets for New Pneumatic Tyres, of Rubber from Romania in 2022:

1. Germany (8.3M units)
2. France (5.4M units)
3. Italy (4.4M units)
4. United States (2.7M units)
5. Spain (2.2M units)
6. Poland (1.7M units)
7. Netherlands (1.6M units)
8. Turkey (1.5M units)
9. United Kingdom (1.4M units)
10. Slovakia (1.2M units)
11. Belgium (0.9M units)
12. Switzerland (0.8M units)
13. Czech Republic (0.7M units)

Imports of New Pneumatic Tyres, of Rubber in Romania

In 2022, the amount of new pneumatic tyres, of rubbers imported into Romania expanded notably to 16M units, growing by 7.1% on 2021. The total import volume increased at an average annual rate of +3.4% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 20%. 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 $771M in 2022. The total import value increased at an average annual rate of +8.4% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 22%. Over the period under review, imports reached the peak figure in 2022 and are likely to see steady growth in the immediate term.

Top Suppliers of New Pneumatic Tyres, of Rubber to Romania in 2022:

1. Poland (3.4M units)
2. China (2.8M units)
3. Thailand (1.8M units)
4. Indonesia (1.1M units)
5. Hungary (1.1M units)
6. Czech Republic (0.9M units)
7. Germany (0.8M units)
8. Serbia (0.6M units)
9. Vietnam (0.5M units)
10. Turkey (0.4M units)
11. Italy (0.4M units)
12. India (0.4M units)
13. France (0.4M units)

Source: IndexBox Market Intelligence Platform