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

Contents:

1. Price for Rubber; Unvulcanised, Other than "Camel Back" Strips for Retreading Rubber Tyres in Portugal (CIF) - 2023
2. Price for Rubber; Unvulcanised, Other than "Camel Back" Strips for Retreading Rubber Tyres in Portugal (FOB) - 2022
3. Imports of Rubber; Unvulcanised, Other than "Camel Back" Strips for Retreading Rubber Tyres in Portugal
4. Exports of Rubber; Unvulcanised, Other than "Camel Back" Strips for Retreading Rubber Tyres in Portugal

Price for Rubber; Unvulcanised, Other than "Camel Back" Strips for Retreading Rubber Tyres in Portugal (CIF) - 2023

In December 2023, the average import price for rubber amounted to $15,720 per ton, dropping by -4% against the previous month. Over the period under review, the import price, however, continues to indicate temperate growth. The pace of growth was the most pronounced in August 2023 when the average import price increased by 186% m-o-m. Over the period under review, average import prices hit record highs at $24,457 per ton in April 2023; however, from May 2023 to December 2023, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In December 2023, the country with the highest price was Germany ($54,889 per ton), while the price for Italy ($6,299 per ton) was amongst the lowest.

From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Belgium (+2.0%), 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 Portugal (FOB) - 2022

The average export price for rubber stood at $12,818 per ton in 2022, picking up by 70% against the previous year. In general, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average export price increased by 112%. The export price peaked in 2022 and is likely to see gradual growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Spain ($29,460 per ton), while the average price for exports to Tunisia ($1,000 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 Morocco (+8.2%), while the prices for the other major destinations experienced more modest paces of growth.

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

In 2022, overseas purchases of rubber decreased by -37.7% to 175 tons, falling for the second consecutive year after two years of growth. Over the period under review, imports continue to indicate a abrupt decline. The most prominent rate of growth was recorded in 2020 with an increase of 30% against the previous year. As a result, imports attained the peak of 298 tons. From 2021 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of rubber stood at $2.2M in 2022. The total import value increased at an average annual rate of +8.8% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 31% against the previous year. As a result, imports attained the peak of $2.2M; afterwards, it flattened through to 2022.

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

1. Italy (54.2 tons)
2. Spain (38.1 tons)
3. France (33.6 tons)
4. Austria (24.4 tons)
5. Germany (10.9 tons)
6. Romania (4.8 tons)
7. Belgium (4.1 tons)
8. China (3.0 tons)

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

In 2022, overseas shipments of rubber decreased by -58.4% to 74 tons, falling for the second consecutive year after two years of growth. In general, exports saw a abrupt decline. The pace of growth appeared the most rapid in 2020 with an increase of 65% against the previous year. As a result, the exports reached the peak of 190 tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of rubber contracted significantly to $954K in 2022. Over the period under review, exports, however, continue to indicate a measured increase. The pace of growth appeared the most rapid in 2020 with an increase of 105% against the previous year. As a result, the exports attained the peak of $1.8M. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

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

1. Germany (21.1 tons)
2. Spain (17.2 tons)
3. Algeria (16.0 tons)
4. Angola (9.3 tons)
5. Mozambique (5.0 tons)
6. Morocco (1.5 tons)
7. United Arab Emirates (0.2 tons)

Source: IndexBox Market Intelligence Platform