Price for New Pneumatic Tyres, of Rubber in South Africa - 2023
Contents:
- Price for New Pneumatic Tyres, of Rubber in South Africa (CIF) - 2022
- Price for New Pneumatic Tyres, of Rubber in South Africa (FOB) - 2022
- Imports of New Pneumatic Tyres, of Rubber in South Africa
- Exports of New Pneumatic Tyres, of Rubber in South Africa
Price for New Pneumatic Tyres, of Rubber in South Africa (CIF) - 2022
The average import price for new pneumatic tyres, of rubbers stood at $79 per unit in 2022, jumping by 29% against the previous year. In general, the import price, however, saw a noticeable decline. The most prominent rate of growth was recorded in 2018 when the average import price increased by 53% against the previous year. Over the period under review, average import prices attained the maximum at $129 per unit in 2013; however, from 2014 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 Spain ($564 per unit), while the price for Australia ($26 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+22.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for New Pneumatic Tyres, of Rubber in South Africa (FOB) - 2022
The average export price for new pneumatic tyres, of rubbers stood at $102 per unit in 2022, rising by 13% against the previous year. Over the period under review, the export price, however, saw a noticeable decrease. The most prominent rate of growth was recorded in 2015 when the average export price increased by 21% against the previous year. The export price peaked at $149 per unit in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.
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 Zimbabwe ($151 per unit), while the average price for exports to Japan ($48 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 the United Arab Emirates (+11.8%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of New Pneumatic Tyres, of Rubber in South Africa
In 2022, approx. 8.9M units of new pneumatic tyres, of rubbers were imported into South Africa; reducing by -19.3% on the previous year. Overall, imports, however, recorded a resilient increase. The pace of growth was the most pronounced in 2021 when imports increased by 115%. As a result, imports reached the peak of 11M units, and then contracted rapidly in the following year.
In value terms, new pneumatic tyres, of rubber imports expanded to $698M in 2022. The total import value increased at an average annual rate of +2.4% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 43%. Imports peaked in 2022 and are likely to continue growth in years to come.
| Import of New Pneumatic Tyres, of Rubber in South Africa (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 198 | 162 | 246 | 220 | 3.6% |
| United States | 66.9 | 62.0 | 54.5 | 82.8 | 7.4% |
| Japan | 69.3 | 44.3 | 52.1 | 63.8 | -2.7% |
| Thailand | 32.3 | 26.6 | 50.5 | 50.1 | 15.8% |
| Germany | 39.4 | 19.2 | 34.4 | 31.3 | -7.4% |
| India | 21.3 | 15.9 | 26.2 | 30.8 | 13.1% |
| Poland | 20.7 | 19.0 | 21.2 | 22.9 | 3.4% |
| Romania | 10.2 | 8.3 | 16.3 | 13.0 | 8.4% |
| Italy | 15.9 | 9.1 | 11.4 | 12.8 | -7.0% |
| Turkey | 25.6 | 14.4 | 17.1 | 12.6 | -21.0% |
| Slovenia | 3.7 | 3.9 | 6.4 | 9.9 | 38.8% |
| South Korea | 6.9 | 2.1 | 4.4 | 7.2 | 1.4% |
| Indonesia | 3.0 | 2.5 | 4.4 | 5.9 | 25.3% |
| Others | 137 | 80.2 | 129 | 135 | -0.5% |
| Total | 650 | 470 | 673 | 698 | 2.4% |
Top Suppliers of New Pneumatic Tyres, of Rubber to South Africa in 2022:
- China (4581.4K units)
- Thailand (1066.7K units)
- India (438.3K units)
- Japan (350.6K units)
- Germany (341.4K units)
- Poland (264.0K units)
- Indonesia (186.4K units)
- South Korea (185.5K units)
- Romania (178.7K units)
- Slovenia (137.9K units)
- United States (120.0K units)
- Italy (104.4K units)
- Turkey (71.7K units)
Exports of New Pneumatic Tyres, of Rubber in South Africa
New pneumatic tyres, of rubber exports from South Africa totaled 3.1M units in 2022, surging by 4.2% on the previous year. The total export volume increased at an average annual rate of +2.6% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 11%. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the immediate term.
In value terms, new pneumatic tyres, of rubber exports soared to $311M in 2022. The total export value increased at an average annual rate of +7.8% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when exports increased by 22%. Over the period under review, the exports reached the peak figure in 2022 and are likely to continue growth in the immediate term.
| Export of New Pneumatic Tyres, of Rubber in South Africa (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 11.5 | 13.8 | 22.9 | 37.3 | 48.0% |
| Belgium | 18.8 | 15.0 | 19.1 | 29.2 | 15.8% |
| Zimbabwe | 16.8 | 16.6 | 23.1 | 23.9 | 12.5% |
| Namibia | 31.5 | 21.0 | 26.3 | 23.6 | -9.2% |
| Botswana | 18.6 | 15.2 | 15.5 | 19.0 | 0.7% |
| Netherlands | 11.4 | 13.6 | 16.0 | 16.0 | 12.0% |
| Zambia | 13.1 | 20.7 | 19.1 | 14.5 | 3.4% |
| Japan | 9.6 | 8.4 | 10.7 | 13.4 | 11.8% |
| Germany | 10.0 | 4.7 | 7.3 | 9.1 | -3.1% |
| United Kingdom | 3.9 | 7.7 | 13.4 | 8.9 | 31.7% |
| Swaziland | 10.7 | 9.0 | 8.9 | 8.6 | -7.0% |
| China | 1.9 | 3.9 | 1.7 | 7.2 | 55.9% |
| United Arab Emirates | 1.8 | 1.2 | 1.8 | 5.9 | 48.5% |
| Others | 89.0 | 66.8 | 79.5 | 94.6 | 2.1% |
| Total | 249 | 218 | 265 | 311 | 7.7% |
Top Export Markets for New Pneumatic Tyres, of Rubber from South Africa in 2022:
- Belgium (374.3K units)
- United States (299.3K units)
- Japan (277.5K units)
- Namibia (205.3K units)
- Netherlands (160.3K units)
- Zimbabwe (157.9K units)
- Botswana (134.2K units)
- United Arab Emirates (112.9K units)
- Swaziland (104.4K units)
- Germany (103.9K units)
- United Kingdom (100.6K units)
- Zambia (98.4K units)
- China (89.4K units)
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