Price for Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Metal in Latvia - 2023
Contents:
- Price for Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Metal in Latvia (CIF) - 2022
- Price for Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Metal in Latvia (FOB) - 2022
- Imports of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Metal in Latvia
- Exports of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Metal in Latvia
Price for Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Metal in Latvia (CIF) - 2022
The average import price for rubber; vulcanised, conveyor belts or belting, reinforced only with metals stood at $8,858 per ton in 2022, growing by 24% against the previous year. Overall, the import price, however, recorded a deep contraction. The most prominent rate of growth was recorded in 2019 an increase of 214% against the previous year. Over the period under review, average import prices attained the peak figure at $32,021 per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.
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 Finland ($23,258 per ton), while the price for Estonia ($1,818 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Finland (+0.1%), while the prices for the other major suppliers experienced a decline.
Price for Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Metal in Latvia (FOB) - 2022
The average export price for rubber; vulcanised, conveyor belts or belting, reinforced only with metals stood at $7,829 per ton in 2022, with an increase of 9.7% against the previous year. In general, the export price, however, faced a abrupt setback. The pace of growth appeared the most rapid in 2014 an increase of 185% against the previous year. Over the period under review, the average export prices hit record highs at $24,747 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Lithuania ($25,571 per ton), while the average price for exports to Russia ($4,000 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 Lithuania (+1.4%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Metal in Latvia
Imports of rubber; vulcanised, conveyor belts or belting, reinforced only with metals into Latvia reduced rapidly to 3 tons in 2022, with a decrease of -97.7% compared with 2021 figures. In general, imports faced a significant contraction. The most prominent rate of growth was recorded in 2021 with an increase of 44%. As a result, imports attained the peak of 132 tons, and then reduced remarkably in the following year.
In value terms, imports of rubber; vulcanised, conveyor belts or belting, reinforced only with metals contracted significantly to $27K in 2022. Over the period under review, imports recorded a dramatic slump. The smallest decline of -7.5% was in 2021.
| Import of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Metal in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | N/A | 1.6 | 10.1 | 10.6 | 157.4% |
| Finland | N/A | 0.7 | 0.1 | 8.3 | 244.3% |
| Germany | 0.1 | 16.1 | 919 | 6.7 | 306.2% |
| Estonia | N/A | 6.5 | 0.2 | 0.3 | -78.5% |
| Poland | 1,479 | 990 | 0.1 | N/A | -99.2% |
| Others | 4.3 | 0.4 | 10.6 | 1.0 | -38.5% |
| Total | 1,483 | 1,016 | 940 | 26.9 | -73.7% |
Top Suppliers of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Metal to Latvia in 2022:
- Netherlands (1547.0 kg)
- Germany (959.0 kg)
- Finland (356.0 kg)
- Estonia (148.0 kg)
Exports of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Metal in Latvia
In 2022, after three years of growth, there was significant decline in overseas shipments of rubber; vulcanised, conveyor belts or belting, reinforced only with metals, when their volume decreased by -99.9% to 76 kg. Over the period under review, exports, however, showed significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 24,576%. As a result, the exports attained the peak of 128 tons, and then reduced notably in the following year.
In value terms, exports of rubber; vulcanised, conveyor belts or belting, reinforced only with metals dropped significantly to $595 in 2022. Overall, exports, however, continue to indicate modest growth. The most prominent rate of growth was recorded in 2021 when exports increased by 30,706%. As a result, the exports reached the peak of $916K, and then reduced sharply in the following year.
| Export of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Metal in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Lithuania | 0.3 | 0.1 | 0.4 | 0.2 | -12.6% |
| Russia | N/A | 2.7 | 915 | 0.2 | -72.8% |
| Estonia | 0.2 | 0.1 | 0.1 | 0.2 | 0.0% |
| Others | 0.1 | N/A | N/A | N/A | 0% |
| Total | 0.6 | 3.0 | 916 | 0.6 | 0.0% |
Top Export Markets for Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Metal from Latvia in 2022:
- Russia (52.0 kg)
- Estonia (17.0 kg)
- Lithuania (7.0 kg)
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