Price for Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials in China - 2023
Contents:
- Price for Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials in China (FOB) - 2023
- Price for Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials in China (CIF) - 2022
- Exports of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials in China
- Imports of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials in China
Price for Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials in China (FOB) - 2023
The average export price for rubber; vulcanised, conveyor belts or belting, reinforced only with textile materialses stood at $1,947 per ton in December 2023, rising by 4.1% against the previous month. Overall, the export price, however, recorded a slight downturn. The export price peaked at $2,192 per ton in December 2022; however, from January 2023 to December 2023, the export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Japan ($2,684 per ton), while the average price for exports to Brazil ($1,477 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to India (+1.4%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials in China (CIF) - 2022
The average import price for rubber; vulcanised, conveyor belts or belting, reinforced only with textile materialses stood at $5,577 per ton in 2022, dropping by -2% against the previous year. Overall, import price indicated buoyant growth from 2012 to 2022: its price increased at an average annual rate of +5.2% 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 rubber; vulcanised, conveyor belts or belting, reinforced only with textile materialses increased by +40.0% against 2018 indices. The pace of growth appeared the most rapid in 2014 an increase of 27%. Over the period under review, average import prices attained the peak figure at $5,843 per ton in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($19,986 per ton), while the price for Australia ($343 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+26.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials in China
In 2022, approx. 320K tons of rubber; vulcanised, conveyor belts or belting, reinforced only with textile materialses were exported from China; increasing by 25% on the year before. The total export volume increased at an average annual rate of +11.9% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of rubber; vulcanised, conveyor belts or belting, reinforced only with textile materialses surged to $680M in 2022. Over the period under review, total exports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +13.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +61.9% against 2020 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 57.3 | 54.4 | 57.1 | 97.1 | 19.2% |
| Netherlands | 27.6 | 22.2 | 28.1 | 44.0 | 16.8% |
| Australia | 25.8 | 28.9 | 33.6 | 38.8 | 14.6% |
| Brazil | 21.1 | 17.7 | 25.0 | 35.8 | 19.3% |
| Japan | 25.7 | 18.1 | 21.7 | 31.6 | 7.1% |
| Canada | 14.4 | 15.0 | 23.7 | 30.4 | 28.3% |
| Russia | 15.3 | 14.1 | 20.0 | 29.8 | 24.9% |
| Indonesia | 19.1 | 17.0 | 19.7 | 27.4 | 12.8% |
| Vietnam | 15.0 | 15.1 | 21.4 | 21.8 | 13.3% |
| South Africa | 23.4 | 19.4 | 31.0 | 21.7 | -2.5% |
| South Korea | 18.3 | 14.5 | 16.8 | 20.4 | 3.7% |
| United Kingdom | 19.7 | 14.1 | 18.1 | 20.2 | 0.8% |
| Italy | 16.4 | 13.5 | 14.0 | 17.8 | 2.8% |
| Others | 164 | 156 | 177 | 243 | 14.0% |
| Total | 463 | 420 | 507 | 680 | 13.7% |
Top Export Markets for Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials from China in 2022:
- United States (52.1K tons)
- Netherlands (20.6K tons)
- Brazil (17.9K tons)
- Russia (16.6K tons)
- Australia (15.0K tons)
- Canada (14.2K tons)
- Indonesia (10.7K tons)
- United Kingdom (10.6K tons)
- South Korea (10.4K tons)
- South Africa (10.3K tons)
- Vietnam (10.0K tons)
- Japan (9.8K tons)
- Italy (9.3K tons)
Imports of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials in China
In 2022, imports of rubber; vulcanised, conveyor belts or belting, reinforced only with textile materialses into China contracted dramatically to 2K tons, which is down by -23.9% compared with the previous year. In general, imports continue to indicate a abrupt slump. The most prominent rate of growth was recorded in 2021 when imports increased by 16%.
In value terms, imports of rubber; vulcanised, conveyor belts or belting, reinforced only with textile materialses shrank notably to $11M in 2022. Over the period under review, imports continue to indicate a deep slump. The most prominent rate of growth was recorded in 2021 when imports increased by 36%. As a result, imports attained the peak of $15M, and then shrank sharply in the following year.
| Import of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 2.9 | 1.3 | 3.0 | 2.2 | -8.8% |
| Germany | 1.7 | 1.9 | 2.2 | 1.4 | -6.3% |
| United States | 1.1 | 1.0 | 0.9 | 1.3 | 5.7% |
| Taiwan (Chinese) | 0.9 | 0.9 | 1.5 | 1.0 | 3.6% |
| Slovenia | 1.1 | 0.8 | 1.0 | 0.9 | -6.5% |
| Italy | 0.7 | 0.6 | 0.6 | 0.8 | 4.6% |
| Netherlands | 1.2 | 1.5 | 1.8 | 0.4 | -30.7% |
| Australia | 0.2 | N/A | 0.3 | 0.2 | 0.0% |
| Others | 3.2 | 2.8 | 3.3 | 2.7 | -5.5% |
| Total | 13.0 | 10.8 | 14.6 | 10.9 | -5.7% |
Top Suppliers of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials to China in 2022:
- Australia (624.0 tons)
- Japan (319.5 tons)
- United States (289.9 tons)
- Taiwan (Chinese) (282.7 tons)
- Slovenia (140.8 tons)
- Germany (69.8 tons)
- Netherlands (53.3 tons)
- Italy (40.6 tons)
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