Price for Rubber; Unvulcanised, Other than "Camel Back" Strips for Retreading Rubber Tyres in Pakistan - 2023

Contents:

  1. Price for Rubber; Unvulcanised, Other than "Camel Back" Strips for Retreading Rubber Tyres in Pakistan (CIF) - 2022
  2. Price for Rubber; Unvulcanised, Other than "Camel Back" Strips for Retreading Rubber Tyres in Pakistan (FOB) - 2022
  3. Imports of Rubber; Unvulcanised, Other than "Camel Back" Strips for Retreading Rubber Tyres in Pakistan
  4. Exports of Rubber; Unvulcanised, Other than "Camel Back" Strips for Retreading Rubber Tyres in Pakistan

Price for Rubber; Unvulcanised, Other than "Camel Back" Strips for Retreading Rubber Tyres in Pakistan (CIF) - 2022

The average import price for rubber stood at $2,764 per ton in 2022, shrinking by -47.1% against the previous year. Overall, the import price continues to indicate a perceptible downturn. The most prominent rate of growth was recorded in 2020 when the average import price increased by 53%. Over the period under review, average import prices hit record highs at $5,228 per ton in 2021, and then shrank markedly in the following year.

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 Germany ($4,882 per ton), while the price for Turkey ($2,251 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+4.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Rubber; Unvulcanised, Other than "Camel Back" Strips for Retreading Rubber Tyres in Pakistan (FOB) - 2022

In 2022, the average export price for rubber amounted to $2,006 per ton, jumping by 104% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the average export price increased by 2,086% against the previous year. As a result, the export price reached the peak level of $18,026 per ton. From 2018 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($1,629 per ton), while the average price for exports to Bangladesh amounted to $855 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Bangladesh (+7.0%), while the prices for the other major destinations experienced a decline.

Imports of Rubber; Unvulcanised, Other than "Camel Back" Strips for Retreading Rubber Tyres in Pakistan

In 2022, after two years of decline, there was significant growth in supplies from abroad of rubber, when their volume increased by 83% to 40 tons. In general, imports, however, faced a dramatic descent.

In value terms, imports of rubber declined to $112K in 2022. Overall, imports, however, showed a dramatic downturn.

Import of Rubber; Unvulcanised, Other than "Camel Back" Strips for Retreading Rubber Tyres in Pakistan (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
China9.941.231.792.1110.3%
Turkey82.959.00.511.4-48.4%
Germany88.276.60.23.2-66.9%
Malaysia2.13.93.42.33.1%
United Arab Emirates4.99.174.80.1-72.7%
Others89.95.34.72.8-68.5%
Total278195115112-26.1%

Top Suppliers of Rubber; Unvulcanised, Other than "Camel Back" Strips for Retreading Rubber Tyres to Pakistan in 2022:

  1. China (33.2 tons)
  2. Turkey (5.1 tons)
  3. Malaysia (0.8 tons)
  4. Germany (0.7 tons)

Exports of Rubber; Unvulcanised, Other than "Camel Back" Strips for Retreading Rubber Tyres in Pakistan

In 2022, exports of rubber from Pakistan soared to 5.3 tons, increasing by 113% compared with 2021. Over the period under review, exports enjoyed significant growth. The pace of growth was the most pronounced in 2021 with an increase of 273% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, exports of rubber soared to $11K in 2022. Overall, exports recorded a significant increase. The pace of growth appeared the most rapid in 2021 when exports increased by 745% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

Export of Rubber; Unvulcanised, Other than "Camel Back" Strips for Retreading Rubber Tyres in Pakistan (Thousand USD)
COUNTRY202020212022CAGR,
2020-2022
BangladeshN/AN/A10.50%
United Arab EmiratesN/A2.40.1-95.8%
Vietnam0.2N/AN/A0%
OthersN/AN/AN/A0%
Total0.32.410.6494.4%

Top Export Markets for Rubber; Unvulcanised, Other than "Camel Back" Strips for Retreading Rubber Tyres from Pakistan in 2022:

  1. Bangladesh (12.2 tons)
  2. United Arab Emirates (0.1 tons)

Source: IndexBox Market Intelligence Platform

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