Price for Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Metal in Ecuador - 2022
Contents:
- Price for Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Metal in Ecuador (CIF) - 2022
- Price for Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Metal in Ecuador (FOB) - 2022
- Imports of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Metal in Ecuador
- Exports of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Metal in Ecuador
Price for Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Metal in Ecuador (CIF) - 2022
The average import price for rubber; vulcanised, conveyor belts or belting, reinforced only with metals stood at $10,777 per ton in 2022, picking up by 43% against the previous year. In general, the import price showed a noticeable increase. The pace of growth appeared the most rapid in 2015 when the average import price increased by 80%. The import price peaked at $16,352 per ton in 2019; however, from 2020 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 Germany ($41,058 per ton), while the price for China ($5,077 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 (+8.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Metal in Ecuador (FOB) - 2022
The average export price for rubber; vulcanised, conveyor belts or belting, reinforced only with metals stood at $28,000 per ton in 2021, shrinking by -2.1% against the previous year. Overall, the export price, however, saw tangible growth. The pace of growth appeared the most rapid in 2020 an increase of 105% against the previous year. As a result, the export price reached the peak level of $28,600 per ton, and then contracted in the following year.
As there is only one major export destination, the average price level is determined by prices for the United States.
From 2012 to 2021, the rate of growth in terms of prices for the Dominican Republic amounted to +12.6% per year.
Imports of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Metal in Ecuador
For the fourth consecutive year, Ecuador recorded growth in supplies from abroad of rubber; vulcanised, conveyor belts or belting, reinforced only with metals, which increased by 1.7% to 48 tons in 2022. The total import volume increased at an average annual rate of +5.5% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 14% against the previous year. Over the period under review, imports of attained the peak figure in 2022 and are expected to retain growth in the immediate term.
In value terms, imports of rubber; vulcanised, conveyor belts or belting, reinforced only with metals skyrocketed to $513K in 2022. In general, imports, however, continue to indicate a abrupt setback. The most prominent rate of growth was recorded in 2021 with an increase of 48%.
| Import of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Metal in Ecuador (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 52.9 | 91.0 | 137 | 185 | 51.8% |
| Germany | 213 | 2.0 | 39.6 | 160 | -9.1% |
| South Korea | 85.1 | 47.5 | 52.8 | 84.0 | -0.4% |
| Mexico | 0.6 | 0.3 | 0.6 | 11.2 | 165.3% |
| United States | 63.2 | 16.9 | 27.7 | 10.1 | -45.7% |
| Spain | 34.5 | 9.0 | 7.5 | 2.5 | -58.3% |
| Chile | 103 | 34.6 | 39.9 | N/A | -37.8% |
| Colombia | 6.8 | 11.4 | 20.2 | N/A | 72.4% |
| Others | 102 | 26.6 | 28.1 | 60.8 | -15.8% |
| Total | 662 | 239 | 354 | 513 | -8.1% |
Top Suppliers of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Metal to Ecuador in 2022:
- China (36.4 tons)
- Germany (3.9 tons)
- South Korea (3.1 tons)
- Mexico (1.2 tons)
- United States (1.1 tons)
- Spain (0.3 tons)
Exports of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Metal in Ecuador
Exports of rubber; vulcanised, conveyor belts or belting, reinforced only with metals from Ecuador skyrocketed to 232 kg in 2021, jumping by 364% compared with the previous year's figure. In general, exports posted a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of rubber; vulcanised, conveyor belts or belting, reinforced only with metals soared to $6.5K in 2021. Over the period under review, exports saw a significant expansion. As a result, the exports attained 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 Ecuador (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
| United States | N/A | N/A | 6.5 | 0% | |
| Panama | N/A | 1.4 | N/A | 0% | |
| Others | 1.4 | N/A | N/A | 0% | |
| Total | 1.4 | 1.4 | 6.5 | 115.5% | |
Top Export Markets for Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Metal from Ecuador in 2022:
- United States (232.0 kg)
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