Price for Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Metal in China - 2023
Contents:
- Price for Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Metal in China (FOB) - 2023
- Price for Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Metal in China (CIF) - 2022
- Exports of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Metal in China
- Imports of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Metal in China
Price for Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Metal in China (FOB) - 2023
The average export price for rubber; vulcanised, conveyor belts or belting, reinforced only with metals stood at $2,816 per ton in December 2023, approximately mirroring the previous month. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in February 2023 an increase of 8.7% month-to-month. As a result, the export price attained the peak level of $3,232 per ton. From March 2023 to December 2023, the the average export prices remained at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Bangladesh ($4,964 per ton), while the average price for exports to Malaysia ($1,744 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+1.7%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Metal in China (CIF) - 2022
The average import price for rubber; vulcanised, conveyor belts or belting, reinforced only with metals stood at $2,691 per ton in 2022, picking up by 53% against the previous year. Over the period under review, import price indicated pronounced growth from 2012 to 2022: its price increased at an average annual rate of +2.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, average import prices attained the peak figure at $3,178 per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.
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 the Netherlands ($7,014 per ton), while the price for Japan ($475 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+7.7%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Metal in China
In 2022, approx. 63K tons of rubber; vulcanised, conveyor belts or belting, reinforced only with metals were exported from China; picking up by 27% against the year before. The total export volume increased at an average annual rate of +14.3% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 when exports increased by 27%. Over the period under review, the exports of reached the peak figure in 2022 and are expected to retain growth in years to come.
In value terms, exports of rubber; vulcanised, conveyor belts or belting, reinforced only with metals surged to $188M in 2022. Overall, total exports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +16.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +59.6% against 2019 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Metal in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | 25.4 | 42.4 | 35.5 | 38.2 | 14.6% |
| Chile | 9.3 | 11.7 | 6.8 | 20.5 | 30.1% |
| Brazil | 3.9 | 5.6 | 1.8 | 10.4 | 38.7% |
| Indonesia | 3.9 | 7.3 | 5.6 | 9.0 | 32.1% |
| Japan | 3.3 | 2.6 | 2.9 | 6.7 | 26.6% |
| Russia | 3.4 | 9.7 | 11.9 | 6.1 | 21.5% |
| South Korea | 6.2 | 5.5 | 4.8 | 5.8 | -2.2% |
| Vietnam | 2.3 | 2.9 | 3.2 | 5.7 | 35.3% |
| Germany | 3.0 | 2.1 | 4.5 | 5.7 | 23.9% |
| United Arab Emirates | 0.3 | 1.3 | 1.1 | 5.1 | 157.1% |
| Turkey | 0.9 | 4.0 | 2.3 | 4.3 | 68.4% |
| Italy | 0.6 | 1.0 | 1.3 | 3.4 | 78.3% |
| Serbia | 4.5 | N/A | 1.5 | 3.3 | -9.8% |
| Others | 50.8 | 43.9 | 50.9 | 63.7 | 7.8% |
| Total | 118 | 140 | 134 | 188 | 16.8% |
Top Export Markets for Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Metal from China in 2022:
- Australia (12.3K tons)
- Chile (7.4K tons)
- Brazil (2.9K tons)
- Indonesia (2.8K tons)
- Japan (2.2K tons)
- Germany (2.1K tons)
- South Korea (2.1K tons)
- Russia (2.0K tons)
- Italy (1.6K tons)
- United Arab Emirates (1.6K tons)
- Vietnam (1.6K tons)
- Turkey (1.2K tons)
- Serbia (1.2K tons)
Imports of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Metal in China
Imports of rubber; vulcanised, conveyor belts or belting, reinforced only with metals into China reduced notably to 4.6K tons in 2022, falling by -31.3% on 2021. Overall, imports continue to indicate a perceptible contraction. The pace of growth was the most pronounced in 2021 when imports increased by 34%. As a result, imports reached the peak of 6.7K tons, and then dropped dramatically in the following year.
In value terms, imports of rubber; vulcanised, conveyor belts or belting, reinforced only with metals expanded to $12M in 2022. The total import value increased at an average annual rate of +5.7% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when imports increased by 32% against the previous year. Imports peaked in 2022 and are likely to continue growth in the immediate term.
| Import of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Metal in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 5.7 | 2.0 | 3.4 | 5.4 | -1.8% |
| Poland | 1.8 | 4.9 | 5.8 | 3.2 | 21.1% |
| Netherlands | N/A | 0.2 | N/A | 2.4 | 246.4% |
| Japan | 1.8 | 0.7 | 1.4 | 0.5 | -34.8% |
| Vietnam | 0.5 | 0.3 | 0.4 | 0.2 | -26.3% |
| Taiwan (Chinese) | 0.2 | 0.1 | 0.1 | 0.1 | -20.6% |
| Others | 0.6 | 0.8 | 0.8 | 0.7 | 5.3% |
| Total | 10.6 | 9.0 | 11.9 | 12.5 | 5.6% |
Top Suppliers of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Metal to China in 2022:
- Germany (1556.1 tons)
- Poland (1282.4 tons)
- Japan (1013.1 tons)
- Netherlands (347.2 tons)
- Vietnam (176.4 tons)
- Taiwan (Chinese) (155.8 tons)
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