Price for Rubber; Unvulcanised, Other than "Camel Back" Strips for Retreading Rubber Tyres in Bangladesh - 2022
Contents:
- Price for Rubber; Unvulcanised, Other than "Camel Back" Strips for Retreading Rubber Tyres in Bangladesh (CIF) - 2022
- Price for Rubber; Unvulcanised, Other than "Camel Back" Strips for Retreading Rubber Tyres in Bangladesh (FOB) - 2022
- Imports of Rubber; Unvulcanised, Other than "Camel Back" Strips for Retreading Rubber Tyres in Bangladesh
- Exports of Rubber; Unvulcanised, Other than "Camel Back" Strips for Retreading Rubber Tyres in Bangladesh
Price for Rubber; Unvulcanised, Other than "Camel Back" Strips for Retreading Rubber Tyres in Bangladesh (CIF) - 2022
In 2022, the average import price for rubber amounted to $8,670 per ton, increasing by 15% against the previous year. Overall, the import price saw a perceptible expansion. The pace of growth appeared the most rapid in 2013 when the average import price increased by 73%. As a result, import price attained the peak level of $10,901 per ton. From 2014 to 2022, the average import prices remained at a somewhat lower figure.
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 Turkey ($29,000 per ton), while the price for Malaysia ($1,205 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+12.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Rubber; Unvulcanised, Other than "Camel Back" Strips for Retreading Rubber Tyres in Bangladesh (FOB) - 2022
The average export price for rubber stood at $20,743 per ton in 2022, waning by -11.1% against the previous year. Overall, the export price, however, continues to indicate a measured increase. The most prominent rate of growth was recorded in 2016 when the average export price increased by 113% against the previous year. The export price peaked at $28,636 per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($26,143 per ton), while the average price for exports to Slovenia ($15,000 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 Kuwait (+21.8%).
Imports of Rubber; Unvulcanised, Other than "Camel Back" Strips for Retreading Rubber Tyres in Bangladesh
In 2022, approx. 10 tons of rubber were imported into Bangladesh; increasing by 11% compared with the year before. Overall, imports, however, showed a abrupt shrinkage.
In value terms, imports of rubber skyrocketed to $89K in 2022. In general, imports enjoyed a strong expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 61% against the previous year. Over the period under review, imports of reached the maximum in 2022 and are expected to retain growth in the immediate term.
| Import of Rubber; Unvulcanised, Other than "Camel Back" Strips for Retreading Rubber Tyres in Bangladesh (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 13.3 | 12.7 | 24.8 | 15.3 | 4.8% |
| Taiwan (Chinese) | 16.6 | 12.7 | 18.4 | 12.4 | -9.3% |
| China | 3.0 | 1.1 | 2.8 | 6.7 | 30.7% |
| Hungary | 6.6 | 5.7 | 11.2 | 4.9 | -9.5% |
| India | 1.5 | 0.1 | 1.0 | 2.2 | 13.6% |
| Italy | 2.9 | 2.2 | 3.5 | 1.4 | -21.6% |
| Malaysia | 0.8 | 0.6 | 0.9 | 0.3 | -27.9% |
| Pakistan | N/A | 0.1 | 0.5 | 0.2 | 41.4% |
| Others | 7.1 | 8.2 | 7.2 | 45.5 | 85.7% |
| Total | 51.8 | 43.4 | 70.1 | 88.9 | 19.7% |
Top Suppliers of Rubber; Unvulcanised, Other than "Camel Back" Strips for Retreading Rubber Tyres to Bangladesh in 2022:
- China (5.0 tons)
- Taiwan (Chinese) (2.0 tons)
- Malaysia (0.3 tons)
- Pakistan (0.2 tons)
- Italy (0.2 tons)
- India (0.2 tons)
- Hungary (0.2 tons)
- United States (0.1 tons)
Exports of Rubber; Unvulcanised, Other than "Camel Back" Strips for Retreading Rubber Tyres in Bangladesh
Exports of rubber from Bangladesh rose slightly to 35 kg in 2022, surging by 2.9% on 2021 figures. The total export volume increased at an average annual rate of +2.0% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 when exports increased by 3%. The exports peaked in 2022 and are likely to continue growth in the near future.
In value terms, exports of rubber declined to $726 in 2022. In general, exports, however, showed a deep downturn. The smallest decline of -8.4% was in 2020.
| Export of Rubber; Unvulcanised, Other than "Camel Back" Strips for Retreading Rubber Tyres in Bangladesh (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Portugal | N/A | N/A | N/A | 450 | 0% |
| United Arab Emirates | 945 | 866 | 793 | 366 | -27.1% |
| Slovenia | N/A | N/A | N/A | 15.0 | 0% |
| Others | N/A | N/A | N/A | -105.0 | 0% |
| Total | 945 | 866 | 793 | 726 | -8.4% |
Top Export Markets for Rubber; Unvulcanised, Other than "Camel Back" Strips for Retreading Rubber Tyres from Bangladesh in 2022:
- Portugal (19.0 kg)
- United Arab Emirates (14.0 kg)
- Slovenia (1.0 kg)
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