Price for Rubber; Unvulcanised, Other than "Camel Back" Strips for Retreading Rubber Tyres in South Korea - 2022
Contents:
- Price for Rubber; Unvulcanised, Other than "Camel Back" Strips for Retreading Rubber Tyres in South Korea (CIF) - 2022
- Price for Rubber; Unvulcanised, Other than "Camel Back" Strips for Retreading Rubber Tyres in South Korea (FOB) - 2022
- Imports of Rubber; Unvulcanised, Other than "Camel Back" Strips for Retreading Rubber Tyres in South Korea
- Exports of Rubber; Unvulcanised, Other than "Camel Back" Strips for Retreading Rubber Tyres in South Korea
Price for Rubber; Unvulcanised, Other than "Camel Back" Strips for Retreading Rubber Tyres in South Korea (CIF) - 2022
The average import price for rubber stood at $13,932 per ton in December 2022, growing by 119% against the previous month. Overall, the import price, however, showed a abrupt setback. The most prominent rate of growth was recorded in June 2022 an increase of 449% against the previous month. As a result, import price attained the peak level of $30,236 per ton. From July 2022 to December 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 December 2022, the country with the highest price was Italy ($22,188 per ton), while the price for China ($4,660 per ton) was amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by Ukraine (0.0%), while the prices for the other major suppliers experienced a decline.
Price for Rubber; Unvulcanised, Other than "Camel Back" Strips for Retreading Rubber Tyres in South Korea (FOB) - 2022
In 2022, the average export price for rubber amounted to $6,426 per ton, with a decrease of -32.9% against the previous year. Over the period under review, the export price saw a pronounced setback. The pace of growth appeared the most rapid in 2021 an increase of 31% against the previous year. The export price peaked at $9,952 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($64,134 per ton), while the average price for exports to Spain ($1,252 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 the United States (+14.0%), 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 South Korea
After three years of growth, purchases abroad of rubber decreased by -11.4% to 264 tons in 2022. The total import volume increased at an average annual rate of +7.9% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 when imports increased by 27%.
In value terms, imports of rubber expanded slightly to $2.6M in 2022. The total import value increased at an average annual rate of +3.3% over the period from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 7.2%. Imports peaked in 2022 and are expected to retain growth in years to come.
| Import of Rubber; Unvulcanised, Other than "Camel Back" Strips for Retreading Rubber Tyres in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 260 | 356 | 860 | 956 | 54.3% |
| China | 719 | 593 | 345 | 686 | -1.6% |
| Japan | 841 | 800 | 802 | 433 | -19.9% |
| Belgium | 23.7 | 58.5 | 70.0 | 115 | 69.3% |
| Ukraine | N/A | N/A | N/A | 12.3 | 0% |
| Others | 546 | 576 | 479 | 426 | -7.9% |
| Total | 2,389 | 2,384 | 2,556 | 2,630 | 3.3% |
Top Suppliers of Rubber; Unvulcanised, Other than "Camel Back" Strips for Retreading Rubber Tyres to South Korea in 2022:
- Belgium (235.9 tons)
- China (94.7 tons)
- Italy (48.9 tons)
- Japan (8.9 tons)
- Ukraine (8.0 tons)
Exports of Rubber; Unvulcanised, Other than "Camel Back" Strips for Retreading Rubber Tyres in South Korea
Exports of rubber from South Korea surged to 242 tons in 2022, growing by 42% compared with 2021 figures. Overall, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 102% against the previous year. As a result, the exports attained the peak of 481 tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.
In value terms, exports of rubber shrank slightly to $1.6M in 2022. Over the period under review, exports, however, recorded a pronounced reduction. The most prominent rate of growth was recorded in 2020 with an increase of 103% against the previous year. As a result, the exports attained the peak of $3.5M. From 2021 to 2022, the growth of the exports of failed to regain momentum.
| Export of Rubber; Unvulcanised, Other than "Camel Back" Strips for Retreading Rubber Tyres in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 370 | 324 | 302 | 327 | -4.0% |
| Vietnam | 338 | 713 | 201 | 174 | -19.9% |
| China | 237 | 148 | 151 | 169 | -10.7% |
| United States | 42.1 | 23.7 | 58.8 | 155 | 54.4% |
| Russia | 5.5 | 34.3 | 35.1 | 104 | 166.4% |
| Philippines | 100 | 91.3 | 90.6 | 78.8 | -7.6% |
| Australia | 56.7 | 111 | 81.8 | 76.3 | 10.4% |
| Malaysia | 88.7 | 55.6 | 74.5 | 74.7 | -5.6% |
| Indonesia | 38.3 | 48.7 | 42.7 | 42.2 | 3.3% |
| Brazil | 11.4 | 28.4 | 42.6 | 35.8 | 46.4% |
| Bangladesh | N/A | N/A | N/A | 30.2 | 0% |
| Spain | 3.1 | 5.9 | 9.7 | 4.4 | 12.4% |
| Panama | 81.5 | 140 | 139 | N/A | 30.6% |
| Others | 368 | 1,805 | 400 | 282 | -8.5% |
| Total | 1,741 | 3,528 | 1,629 | 1,552 | -3.8% |
Top Export Markets for Rubber; Unvulcanised, Other than "Camel Back" Strips for Retreading Rubber Tyres from South Korea in 2022:
- Malaysia (40.4 tons)
- Vietnam (28.8 tons)
- Philippines (24.0 tons)
- Australia (18.1 tons)
- Japan (9.8 tons)
- Brazil (6.3 tons)
- Russia (4.9 tons)
- Bangladesh (4.7 tons)
- Spain (3.5 tons)
- China (2.9 tons)
- Indonesia (2.4 tons)
- United States (2.4 tons)
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