Price for Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Metal in South Korea - 2022
Contents:
- Price for Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Metal in South Korea (CIF) - 2022
- Price for Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Metal in South Korea (FOB) - 2022
- Imports of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Metal in South Korea
- Exports of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Metal in South Korea
Price for Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Metal in South Korea (CIF) - 2022
The average import price for rubber; vulcanised, conveyor belts or belting, reinforced only with metals stood at $2,872 per ton in December 2022, increasing by 12% against the previous month. Over the period under review, the import price, however, continues to indicate a slight decline. The pace of growth appeared the most rapid in August 2022 when the average import price increased by 35% month-to-month. The import price peaked at $4,610 per ton in February 2022; however, from March 2022 to December 2022, import prices remained at a lower figure.
Average prices varied somewhat amongst the major supplying countries. In December 2022, the country with the highest price was Vietnam ($3,347 per ton), while the price for China amounted to $2,471 per ton.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by China (+0.2%).
Price for Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Metal in South Korea (FOB) - 2022
The average export price for rubber; vulcanised, conveyor belts or belting, reinforced only with metals stood at $5,555 per ton in 2022, falling by -24.9% against the previous year. In general, the export price showed a perceptible curtailment. The growth pace was the most rapid in 2021 when the average export price increased by 78% against the previous year. The export price peaked at $8,100 per ton in 2014; however, from 2015 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 Indonesia ($23,085 per ton), while the average price for exports to India ($4,083 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 Indonesia (+15.5%), 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 South Korea
After two years of decline, overseas purchases of rubber; vulcanised, conveyor belts or belting, reinforced only with metals increased by 5.7% to 3.2K tons in 2022. Overall, imports, however, continue to indicate a pronounced contraction.
In value terms, imports of rubber; vulcanised, conveyor belts or belting, reinforced only with metals totaled $9.5M in 2022. Over the period under review, imports recorded a relatively flat trend pattern. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Metal in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 2.4 | 2.2 | 5.4 | 4.9 | 26.9% |
| China | 6.6 | 5.5 | 3.0 | 4.0 | -15.4% |
| Others | 0.4 | 0.9 | 0.6 | 0.7 | 20.5% |
| Total | 9.4 | 8.6 | 8.9 | 9.5 | 0.4% |
Top Suppliers of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Metal to South Korea in 2022:
- Vietnam (1.7K tons)
- China (1.5K tons)
Exports of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Metal in South Korea
In 2022, after two years of decline, there was significant growth in overseas shipments of rubber; vulcanised, conveyor belts or belting, reinforced only with metals, when their volume increased by 129% to 413 tons. In general, exports saw 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 surged to $2.3M in 2022. Over the period under review, exports saw a significant increase. 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 South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 854 | 857 | 401 | 1,472 | 19.9% |
| Vietnam | 6.1 | 43.4 | 888 | 380 | 296.4% |
| Bahrain | N/A | N/A | N/A | 87.9 | 0% |
| Others | 151 | 27.0 | 43.6 | 356 | 33.1% |
| Total | 1,012 | 928 | 1,333 | 2,296 | 31.4% |
Top Export Markets for Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Metal from South Korea in 2022:
- India (360.4 tons)
- Vietnam (30.7 tons)
- Bahrain (17.1 tons)
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