Price for Compounded Rubber, Unvulcanised, in Primary Forms or in Plates, Sheets or Strip in Latvia - 2023

Contents:

1. Price for Compounded Rubber, Unvulcanised, in Primary Forms or in Plates, Sheets or Strip in Latvia (FOB) - 2022
2. Price for Compounded Rubber, Unvulcanised, in Primary Forms or in Plates, Sheets or Strip in Latvia (CIF) - 2022
3. Exports of Compounded Rubber, Unvulcanised, in Primary Forms or in Plates, Sheets or Strip in Latvia
4. Imports of Compounded Rubber, Unvulcanised, in Primary Forms or in Plates, Sheets or Strip in Latvia

Price for Compounded Rubber, Unvulcanised, in Primary Forms or in Plates, Sheets or Strip in Latvia (FOB) - 2022

The average export price for compounded rubber, unvulcanised, in primary forms or in plates, sheets or strips stood at $3,727 per ton in 2022, rising by 53% against the previous year. Overall, the export price showed a prominent expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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 Belarus ($8,526 per ton), while the average price for exports to Singapore ($1,338 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (+38.4%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Compounded Rubber, Unvulcanised, in Primary Forms or in Plates, Sheets or Strip in Latvia (CIF) - 2022

The average import price for compounded rubber, unvulcanised, in primary forms or in plates, sheets or strips stood at $3,291 per ton in 2022, with an increase of 40% against the previous year. In general, import price indicated prominent growth from 2012 to 2022: its price increased at an average annual rate of +6.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for compounded rubber, unvulcanised, in primary forms or in plates, sheets or strips increased by +31.1% against 2018 indices. The pace of growth was the most pronounced in 2018 when the average import price increased by 41%. Over the period under review, average import prices hit record highs in 2022 and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Poland ($11,456 per ton), while the price for Russia ($1,185 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+35.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Exports of Compounded Rubber, Unvulcanised, in Primary Forms or in Plates, Sheets or Strip in Latvia

In 2022, overseas shipments of compounded rubber, unvulcanised, in primary forms or in plates, sheets or strips decreased by -46.6% to 375 tons, falling for the second year in a row after two years of growth. Overall, exports showed a dramatic descent. The pace of growth appeared the most rapid in 2020 with an increase of 14%. As a result, the exports reached the peak of 875 tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of compounded rubber, unvulcanised, in primary forms or in plates, sheets or strips contracted notably to $1.4M in 2022. In general, exports showed a abrupt curtailment. The pace of growth appeared the most rapid in 2020 when exports increased by 20% against the previous year. As a result, the exports attained the peak of $2M. From 2021 to 2022, the growth of the exports of remained at a lower figure.

Top Export Markets for Compounded Rubber, Unvulcanised, in Primary Forms or in Plates, Sheets or Strip from Latvia in 2022:

1. Russia (89.4 tons)
2. Kazakhstan (68.8 tons)
3. Estonia (51.4 tons)
4. Belarus (45.4 tons)
5. Sweden (42.6 tons)
6. Turkey (22.9 tons)
7. South Africa (13.3 tons)
8. Lithuania (11.6 tons)
9. Singapore (0.1 tons)

Imports of Compounded Rubber, Unvulcanised, in Primary Forms or in Plates, Sheets or Strip in Latvia

For the third consecutive year, Latvia recorded decline in overseas purchases of compounded rubber, unvulcanised, in primary forms or in plates, sheets or strips, which decreased by -56.1% to 411 tons in 2022. In general, imports continue to indicate a sharp reduction. The smallest decline of -8.5% was in 2020.

In value terms, imports of compounded rubber, unvulcanised, in primary forms or in plates, sheets or strips contracted significantly to $1.4M in 2022. Overall, imports recorded a precipitous shrinkage. The smallest decline of -7.6% was in 2020.

Top Suppliers of Compounded Rubber, Unvulcanised, in Primary Forms or in Plates, Sheets or Strip to Latvia in 2022:

1. Russia (221.3 tons)
2. Italy (58.1 tons)
3. Germany (23.0 tons)
4. Netherlands (20.9 tons)
5. Austria (18.9 tons)
6. France (15.9 tons)
7. United States (14.8 tons)
8. United Kingdom (13.3 tons)

Source: IndexBox Market Intelligence Platform