Price for Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Metal in Indonesia - 2022
Contents:
- Price for Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Metal in Indonesia (CIF) - 2022
- Price for Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Metal in Indonesia (FOB) - 2022
- Imports of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Metal in Indonesia
- Exports of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Metal in Indonesia
Price for Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Metal in Indonesia (CIF) - 2022
The average import price for rubber; vulcanised, conveyor belts or belting, reinforced only with metals stood at $3,951 per ton in 2022, dropping by -21.7% against the previous year. Over the period under review, the import price recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2016 an increase of 23%. The import price peaked at $7,293 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($27,849 per ton), while the price for South Korea ($2,828 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+13.9%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Metal in Indonesia (FOB) - 2022
In 2022, the average export price for rubber; vulcanised, conveyor belts or belting, reinforced only with metals amounted to $6,493 per ton, declining by -35.1% against the previous year. Overall, the export price recorded a perceptible contraction. The most prominent rate of growth was recorded in 2016 an increase of 132% against the previous year. As a result, the export price attained the peak level of $16,559 per ton. From 2017 to 2022, the average export prices remained at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Thailand ($45,000 per ton), while the average price for exports to Timor-Leste stood at $5,408 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Bahrain (+52.2%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Metal in Indonesia
Imports of rubber; vulcanised, conveyor belts or belting, reinforced only with metals into Indonesia surged to 3.5K tons in 2022, rising by 43% compared with the previous year's figure. Over the period under review, total imports indicated a strong increase from 2019 to 2022: its volume increased at an average annual rate of +18.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +66.0% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of rubber; vulcanised, conveyor belts or belting, reinforced only with metals reached $14M in 2022. The total import value increased at an average annual rate of +11.6% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 when imports increased by 21%. Imports peaked in 2022 and are expected to retain growth in years to come.
| Import of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Metal in Indonesia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 3.4 | 8.0 | 5.1 | 10.2 | 44.2% |
| Italy | 0.3 | 0.2 | 0.1 | 0.9 | 44.2% |
| Vietnam | 0.9 | 1.6 | 1.2 | 0.8 | -3.9% |
| Germany | 1.9 | 1.1 | 2.1 | 0.5 | -35.9% |
| South Korea | N/A | N/A | 0.9 | 0.5 | -44.4% |
| Japan | 0.8 | 0.3 | 1.6 | 0.4 | -20.6% |
| Poland | 0.5 | N/A | 0.2 | 0.2 | -26.3% |
| Others | 2.1 | 1.0 | 1.4 | 0.5 | -38.0% |
| Total | 10.1 | 12.2 | 12.5 | 14.0 | 11.5% |
Top Suppliers of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Metal to Indonesia in 2022:
- China (2798.5 tons)
- Vietnam (222.0 tons)
- South Korea (184.2 tons)
- Italy (135.8 tons)
- Japan (81.1 tons)
- Poland (44.2 tons)
- Germany (18.4 tons)
Exports of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Metal in Indonesia
For the third consecutive year, Indonesia recorded decline in shipments abroad of rubber; vulcanised, conveyor belts or belting, reinforced only with metals, which decreased by -82.4% to 73 kg in 2022. Overall, exports faced a precipitous setback. The smallest decline of -78% was in 2021.
In value terms, exports of rubber; vulcanised, conveyor belts or belting, reinforced only with metals declined remarkably to $474 in 2022. Over the period under review, exports faced a sharp slump. The smallest decline of -72.9% was in 2020.
| Export of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Metal in Indonesia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Timor-Leste | 4.9 | 0.8 | N/A | 0.4 | -56.6% |
| Thailand | N/A | N/A | N/A | 0.1 | 0% |
| Sri Lanka | N/A | 17.5 | N/A | N/A | 0% |
| Philippines | 22.5 | N/A | N/A | N/A | 0% |
| Taiwan (Chinese) | 6.3 | 0.8 | 2.7 | N/A | -34.5% |
| Yemen | 2.1 | N/A | N/A | N/A | 0% |
| Saudi Arabia | 43.7 | N/A | N/A | N/A | 0% |
| Others | 2.8 | 3.3 | 1.4 | N/A | -29.3% |
| Total | 82.3 | 22.3 | 4.2 | 0.5 | -81.8% |
Top Export Markets for Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Metal from Indonesia in 2022:
- Timor-Leste (71.0 kg)
- Thailand (2.0 kg)
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