Price for Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Metal in Pakistan - 2023
Contents:
- Price for Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Metal in Pakistan (CIF) - 2023
- Price for Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Metal in Pakistan (FOB) - 2022
- Imports of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Metal in Pakistan
- Exports of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Metal in Pakistan
Price for Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Metal in Pakistan (CIF) - 2023
The average import price for rubber; vulcanised, conveyor belts or belting, reinforced only with metals stood at $7,897 per ton in July 2023, with an increase of 114% against the previous month. Over the period under review, the import price enjoyed measured growth. The import price peaked at $10,553 per ton in October 2022; however, from November 2022 to July 2023, import prices stood at a somewhat lower figure.
As there is only one major supplying country, the average price level is determined by prices for China.
From July 2022 to July 2023, the rate of growth in terms of prices for China amounted to -2.5% per month.
Price for Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Metal in Pakistan (FOB) - 2022
In 2022, the average export price for rubber; vulcanised, conveyor belts or belting, reinforced only with metals amounted to $418 per ton, waning by -57.8% against the previous year. In general, the export price continues to indicate a dramatic descent. The export price peaked at $2,071 per ton in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for Afghanistan.
From 2015 to 2022, the rate of growth in terms of prices for the United Arab Emirates amounted to -2.7% per year.
Imports of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Metal in Pakistan
For the fourth consecutive year, Pakistan recorded growth in overseas purchases of rubber; vulcanised, conveyor belts or belting, reinforced only with metals, which increased by 7.7% to 92 tons in 2022. In general, imports showed a significant increase. The pace of growth appeared the most rapid in 2020 when imports increased by 318%. Over the period under review, imports of attained the peak figure in 2022 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 dropped to $741K in 2022. Over the period under review, imports continue to indicate a significant increase. The growth pace was the most rapid in 2020 when imports increased by 347%.
| Import of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Metal in Pakistan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 23.7 | 77.5 | 296 | 474 | 171.4% |
| Germany | 59.3 | 216 | 271 | 153 | 37.2% |
| Italy | 1.9 | 111 | 65.6 | 56.9 | 210.5% |
| United Kingdom | 15.8 | 22.8 | 31.9 | N/A | 42.1% |
| United States | 15.4 | 105 | 85.6 | N/A | 135.8% |
| Others | 18.9 | 71.9 | 48.3 | 56.8 | 44.3% |
| Total | 135 | 603 | 799 | 741 | 76.4% |
Top Suppliers of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Metal to Pakistan in 2022:
- China (52.0 tons)
- Germany (26.3 tons)
- Italy (10.8 tons)
Exports of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Metal in Pakistan
Exports of rubber; vulcanised, conveyor belts or belting, reinforced only with metals from Pakistan surged to 1.4 tons in 2022, growing by 106% compared with 2021. In general, exports enjoyed significant growth. As a result, the exports reached 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 declined to $602 in 2022. Over the period under review, exports, however, saw a abrupt downturn.
| Export of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Metal in Pakistan (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2021 | 2022 | CAGR, 2021-2022 | ||
| Afghanistan | 7.0 | 602 | 8500.0% | ||
| Djibouti | 22.0 | N/A | 0% | ||
| Ethiopia | 78.0 | N/A | 0% | ||
| United Kingdom | 313 | N/A | 0% | ||
| Tanzania | 83.0 | N/A | 0% | ||
| Others | 190 | N/A | 0% | ||
| Total | 693 | 602 | -13.1% | ||
Top Export Markets for Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Metal from Pakistan in 2022:
- Afghanistan (1.4 tons)
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