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

Contents:

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

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

In 2022, the average export price for compounded rubber, unvulcanised, in primary forms or in plates, sheets or strips amounted to $7,591 per ton, shrinking by -9.4% against the previous year. In general, export price indicated a modest increase from 2012 to 2022: its price increased at an average annual rate of +1.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for compounded rubber, unvulcanised, in primary forms or in plates, sheets or strips increased by +71.9% against 2016 indices. The most prominent rate of growth was recorded in 2014 when the average export price increased by 39%. The export price peaked at $8,382 per ton in 2021, and then reduced in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($18,690 per ton), while the average price for exports to India ($2,869 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 Taiwan (Chinese) (+13.0%), 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 Singapore (CIF) - 2022

In 2022, the average import price for compounded rubber, unvulcanised, in primary forms or in plates, sheets or strips amounted to $6,742 per ton, rising by 36% against the previous year. In general, the import price, however, continues to indicate a perceptible setback. The import price peaked at $10,160 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Brazil ($15,540 per ton), while the price for Russia ($1,728 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+4.1%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, shipments abroad of compounded rubber, unvulcanised, in primary forms or in plates, sheets or strips increased by 5.3% to 3.7K tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, saw a deep downturn.

In value terms, exports of compounded rubber, unvulcanised, in primary forms or in plates, sheets or strips declined slightly to $28M in 2022. Over the period under review, exports, however, saw a deep downturn. The most prominent rate of growth was recorded in 2021 with an increase of 1.6% against the previous year.

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

1. China (1591.9 tons)
2. Malaysia (435.0 tons)
3. Hong Kong SAR (268.0 tons)
4. Indonesia (256.8 tons)
5. India (191.5 tons)
6. Vietnam (171.9 tons)
7. Taiwan (Chinese) (158.9 tons)
8. Thailand (154.8 tons)

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

In 2022, overseas purchases of compounded rubber, unvulcanised, in primary forms or in plates, sheets or strips decreased by -34.8% to 2.9K tons, falling for the second consecutive year after two years of growth. Overall, imports, however, posted a prominent expansion. The pace of growth was the most pronounced in 2020 with an increase of 113%. As a result, imports attained the peak of 4.7K tons. From 2021 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of compounded rubber, unvulcanised, in primary forms or in plates, sheets or strips fell to $20M in 2022. In general, total imports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +11.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by 44%.

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

1. United States (1151.0 tons)
2. South Korea (484.7 tons)
3. China (336.1 tons)
4. United Kingdom (291.4 tons)
5. Germany (191.5 tons)
6. Malaysia (129.8 tons)
7. Thailand (115.5 tons)
8. Russia (103.8 tons)
9. Japan (91.1 tons)
10. Belgium (55.5 tons)
11. Brazil (48.7 tons)

Source: IndexBox Market Intelligence Platform