Price for Inner Tubes, of Rubber in Azerbaijan - 2023

Contents:

1. Price for Inner Tubes, of Rubber in Azerbaijan (CIF) - 2022
2. Price for Inner Tubes, of Rubber in Azerbaijan (FOB) - 2022
3. Imports of Inner Tubes, of Rubber in Azerbaijan
4. Exports of Inner Tubes, of Rubber in Azerbaijan

Price for Inner Tubes, of Rubber in Azerbaijan (CIF) - 2022

In 2022, the average inner tubes, of rubber import price amounted to $0.7 per unit, reducing by -33.4% against the previous year. Overall, the import price saw a abrupt decrease. The pace of growth was the most pronounced in 2013 when the average import price increased by 85%. The import price peaked at $5.1 per unit in 2014; however, from 2015 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 ($2.5 per unit), while the price for China ($0.4 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ukraine (-0.8%), while the prices for the other major suppliers experienced a decline.

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

The average inner tubes, of rubber export price stood at $2.6 per unit in 2022, stabilizing at the previous year. In general, the export price saw a deep contraction. The most prominent rate of growth was recorded in 2016 when the average export price increased by 903%. As a result, the export price reached the peak level of $47 per unit. From 2017 to 2022, the average export prices remained at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Georgia.

From 2012 to 2022, the rate of growth in terms of prices for Georgia amounted to -3.5% per year.

Imports of Inner Tubes, of Rubber in Azerbaijan

In 2022, inner tubes, of rubber imports into Azerbaijan reduced to 678K units, with a decrease of -9.3% against the year before. Overall, imports, however, posted a remarkable increase. The pace of growth was the most pronounced in 2021 with an increase of 103%. As a result, imports reached the peak of 747K units, and then fell in the following year.

In value terms, inner tubes, of rubber imports declined markedly to $480K in 2022. Over the period under review, imports recorded a deep downturn. The pace of growth was the most pronounced in 2021 with an increase of 56% against the previous year. As a result, imports attained the peak of $795K, and then fell notably in the following year.

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

1. China (526.0K units)
2. Ukraine (99.7K units)
3. Russia (18.0K units)
4. United Arab Emirates (14.7K units)
5. Turkey (13.0K units)
6. Iran (2.0K units)

Exports of Inner Tubes, of Rubber in Azerbaijan

In 2022, shipments abroad of inner tubes, of rubbers increased by 50% to 1.1K units for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, saw a sharp reduction. Over the period under review, the exports hit record highs at 2.2K units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, inner tubes, of rubber exports surged to $2.9K in 2022. In general, exports, however, continue to indicate a dramatic shrinkage. Over the period under review, the exports attained the peak figure at $5.7K in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Top Export Markets for Inner Tubes, of Rubber from Azerbaijan in 2022:

1. Georgia (1.1K units)

Source: IndexBox Market Intelligence Platform