Price for Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Metal in Singapore - 2022
Contents:
- Price for Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Metal in Singapore (FOB) - 2022
- Price for Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Metal in Singapore (CIF) - 2022
- Exports of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Metal in Singapore
- Imports of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Metal in Singapore
Price for Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Metal in Singapore (FOB) - 2022
In 2022, the average export price for rubber; vulcanised, conveyor belts or belting, reinforced only with metals amounted to $11,763 per ton, picking up by 5.6% against the previous year. In general, the export price showed resilient growth. The most prominent rate of growth was recorded in 2019 when the average export price increased by 37%. Over the period under review, the average export prices attained the maximum in 2022 and is expected to retain growth in the near future.
Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Vietnam ($11,335 per ton) and China ($11,334 per ton), while the average price for exports to Taiwan (Chinese) ($11,264 per ton) and India ($11,324 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese) (+6.6%), 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 Singapore (CIF) - 2022
In 2022, the average import price for rubber; vulcanised, conveyor belts or belting, reinforced only with metals amounted to $6,503 per ton, reducing by -5.7% against the previous year. Over the period under review, the import price continues to indicate a pronounced reduction. The pace of growth appeared the most rapid in 2014 an increase of 3.5%. As a result, import price attained the peak level of $8,458 per ton. From 2015 to 2022, the average import prices remained at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Taiwan (Chinese) ($6,503 per ton) and Germany ($6,503 per ton), while the price for the United States ($6,484 per ton) and Japan ($6,498 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+5.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Metal in Singapore
For the fourth year in a row, Singapore recorded growth in shipments abroad of rubber; vulcanised, conveyor belts or belting, reinforced only with metals, which increased by 7.2% to 51 tons in 2022. The total export volume increased at an average annual rate of +8.6% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The pace of growth appeared the most rapid in 2021 when exports increased by 9.8%. Over the period under review, the exports of attained the peak figure in 2022 and are likely to see steady growth in the near future.
In value terms, exports of rubber; vulcanised, conveyor belts or belting, reinforced only with metals rose rapidly to $606K in 2022. In general, total exports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +18.8% 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 +67.5% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 22%. The exports peaked in 2022 and are expected to retain growth in years to come.
| Export of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Metal in Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 60.5 | 190 | 285 | 362 | 81.5% |
| Malaysia | 129 | 72.2 | 39.3 | 82.1 | -14.0% |
| Thailand | 11.9 | 8.8 | 36.1 | 42.3 | 52.6% |
| China | 51.3 | 55.3 | 46.3 | 31.9 | -14.6% |
| Taiwan (Chinese) | 3.2 | 30.6 | 46.3 | 21.6 | 89.0% |
| Vietnam | 8.3 | 8.5 | 3.2 | 11.9 | 12.8% |
| Hong Kong SAR | 16.1 | 0.9 | 13.6 | 6.0 | -28.0% |
| United States | 4.6 | 34.3 | 23.4 | 2.4 | -19.5% |
| Pakistan | 26.2 | N/A | 0.9 | 1.7 | -59.8% |
| Others | 51.0 | 40.0 | 41.5 | 43.2 | -5.4% |
| Total | 362 | 441 | 535 | 606 | 18.7% |
Top Export Markets for Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Metal from Singapore in 2022:
- Indonesia (32.0 tons)
- Malaysia (7.2 tons)
- Thailand (3.7 tons)
- China (2.8 tons)
- Taiwan (Chinese) (1.9 tons)
- Vietnam (1.1 tons)
- Hong Kong SAR (0.5 tons)
- United States (0.2 tons)
- Pakistan (0.1 tons)
Imports of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Metal in Singapore
In 2022, after three years of growth, there was significant decline in purchases abroad of rubber; vulcanised, conveyor belts or belting, reinforced only with metals, when their volume decreased by -69.1% to 50 tons. Over the period under review, imports faced a deep setback. The most prominent rate of growth was recorded in 2020 with an increase of 98%.
In value terms, imports of rubber; vulcanised, conveyor belts or belting, reinforced only with metals shrank dramatically to $323K in 2022. In general, imports faced a abrupt shrinkage. The pace of growth was the most pronounced in 2020 when imports increased by 93%.
| Import of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Metal in Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 12.5 | 93.5 | 237 | 283 | 182.9% |
| Taiwan (Chinese) | 18.3 | 11.3 | 8.5 | 13.9 | -8.8% |
| Germany | 97.6 | 77.1 | 179 | 13.9 | -47.8% |
| Japan | 0.7 | 24.8 | 306 | 1.6 | 31.7% |
| United States | 31.0 | 10.8 | 10.1 | 0.8 | -70.4% |
| Netherlands | 2.6 | N/A | 168 | 0.5 | -42.3% |
| Poland | 289 | 763 | 35.5 | N/A | -65.0% |
| Others | 61.1 | 7.6 | 163 | 9.3 | -46.6% |
| Total | 513 | 989 | 1,109 | 323 | -14.3% |
Top Suppliers of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Metal to Singapore in 2022:
- China (43.6 tons)
- Taiwan (Chinese) (2.1 tons)
- Germany (2.1 tons)
- Japan (0.2 tons)
- Netherlands (0.1 tons)
- United States (0.1 tons)
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