Price for Used Pneumatic Tyres of Rubber in Pakistan - 2023
Contents:
- Price for Used Pneumatic Tyres of Rubber in Pakistan (FOB) - 2022
- Price for Used Pneumatic Tyres of Rubber in Pakistan (CIF) - 2022
- Exports of Used Pneumatic Tyres of Rubber in Pakistan
- Imports of Used Pneumatic Tyres of Rubber in Pakistan
Price for Used Pneumatic Tyres of Rubber in Pakistan (FOB) - 2022
In 2022, the average export price for used pneumatic tyres of rubbers amounted to $60 per unit, reducing by -10.4% against the previous year. Overall, the export price, however, continues to indicate a modest increase. The pace of growth appeared the most rapid in 2018 when the average export price increased by 32% against the previous year. Over the period under review, the average export prices reached the peak figure at $67 per unit in 2021, and then contracted 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 Thailand ($797 per unit), while the average price for exports to Afghanistan ($13 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 Hong Kong SAR (+20.0%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Used Pneumatic Tyres of Rubber in Pakistan (CIF) - 2022
The average import price for used pneumatic tyres of rubbers stood at $45 per unit in 2022, with an increase of 486% against the previous year. Overall, the import price showed a buoyant expansion. Over the period under review, average import prices hit record highs at $49 per unit in 2020; however, from 2021 to 2022, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United Arab Emirates ($456 per unit), while the price for Malaysia ($3.2 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+46.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Used Pneumatic Tyres of Rubber in Pakistan
After two years of decline, shipments abroad of used pneumatic tyres of rubbers increased by 3.3% to 412 units in 2022. Over the period under review, exports, however, continue to indicate a sharp contraction. Over the period under review, the exports attained the maximum at 882 units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, used pneumatic tyres of rubber exports dropped to $25K in 2022. In general, exports, however, faced a deep slump. The pace of growth appeared the most rapid in 2021 with an increase of 17%. Over the period under review, the exports attained the peak figure at $47K in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
| Export of Used Pneumatic Tyres of Rubber in Pakistan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 21.5 | 14.0 | 16.1 | 16.4 | -8.6% |
| Afghanistan | 1.2 | 2.0 | 3.2 | 2.7 | 31.0% |
| India | 4.5 | 2.7 | 2.9 | 2.7 | -15.7% |
| Tajikistan | 5.2 | 0.1 | 2.1 | 1.8 | -29.8% |
| Hong Kong SAR | 12.2 | 4.0 | 2.7 | 1.1 | -55.2% |
| Others | 2.2 | 0.1 | 0.1 | 0.3 | -48.5% |
| Total | 46.8 | 23.0 | 26.9 | 24.9 | -19.0% |
Top Export Markets for Used Pneumatic Tyres of Rubber from Pakistan in 2022:
- Afghanistan (213.0 units)
- India (130.0 units)
- Tajikistan (44.0 units)
- Thailand (21.0 units)
- Hong Kong SAR (2.0 units)
Imports of Used Pneumatic Tyres of Rubber in Pakistan
Used pneumatic tyres of rubber imports into Pakistan contracted rapidly to 276 units in 2022, which is down by -82.2% against the year before. Overall, imports showed a sharp decrease. The most prominent rate of growth was recorded in 2021 with an increase of 485% against the previous year. Over the period under review, imports hit record highs at 102K units in 2019; however, from 2020 to 2022, imports remained at a lower figure.
In value terms, used pneumatic tyres of rubber imports totaled $12K in 2022. Over the period under review, imports saw a precipitous decrease. Over the period under review, imports reached the peak figure at $2.7M in 2019; however, from 2020 to 2022, imports remained at a lower figure.
| Import of Used Pneumatic Tyres of Rubber in Pakistan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 4.0 | 12.1 | N/A | 9.1 | 31.5% |
| China | 2,340 | N/A | 3.9 | 0.9 | -92.7% |
| Turkey | 14.4 | 0.1 | 4.1 | 0.7 | -63.5% |
| Hong Kong SAR | 86.6 | 0.2 | N/A | 0.4 | -83.3% |
| United Kingdom | 0.9 | N/A | 0.8 | 0.2 | -39.4% |
| Malaysia | 24.0 | 0.1 | 0.9 | 0.2 | -79.7% |
| Qatar | 44.6 | N/A | N/A | 0.1 | -86.9% |
| Australia | 42.4 | 0.1 | 0.7 | 0.1 | -86.7% |
| Afghanistan | 31.2 | N/A | N/A | N/A | 0% |
| Others | 157 | 0.4 | 1.5 | 0.8 | -82.8% |
| Total | 2,745 | 13.0 | 12.0 | 12.5 | -83.4% |
Top Suppliers of Used Pneumatic Tyres of Rubber to Pakistan in 2022:
- Turkey (150.0 units)
- Malaysia (64.0 units)
- United Arab Emirates (20.0 units)
- Australia (17.0 units)
- China (10.0 units)
- United Kingdom (5.0 units)
- Qatar (1.0 units)
- Hong Kong SAR (1.0 units)
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