Price for Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Metal in Venezuela - 2022
Contents:
- Price for Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Metal in Venezuela (CIF) - 2022
- Imports of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Metal in Venezuela
Price for Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Metal in Venezuela (CIF) - 2022
In 2022, the average import price for rubber; vulcanised, conveyor belts or belting, reinforced only with metals amounted to $3,128 per ton, with a decrease of -14.6% against the previous year. Over the period under review, the import price saw a abrupt setback. The most prominent rate of growth was recorded in 2017 when the average import price increased by 9.2% against the previous year. The import price peaked at $8,344 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
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 Italy ($50,446 per ton), while the price for China ($2,660 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+23.7%), while the prices for the other major suppliers experienced a decline.
Imports of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Metal in Venezuela
For the fourth year in a row, Venezuela recorded growth in purchases abroad of rubber; vulcanised, conveyor belts or belting, reinforced only with metals, which increased by 49% to 693 tons in 2022. Overall, imports showed a significant expansion. As a result, imports reached 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 soared to $2.2M in 2022. Over the period under review, total imports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +17.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +62.6% against 2019 indices. 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 Venezuela (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Greece | 636 | 691 | 674 | 841 | 9.8% |
| Mexico | 461 | 555 | 599 | 829 | 21.6% |
| France | 204 | 230 | 232 | 300 | 13.7% |
| China | 0.5 | 1.2 | 164 | 158 | 581.1% |
| Others | 32.2 | 28.6 | 31.0 | 40.2 | 7.7% |
| Total | 1,333 | 1,506 | 1,700 | 2,168 | 17.6% |
Top Suppliers of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Metal to Venezuela in 2022:
- Greece (280.7 tons)
- Mexico (250.1 tons)
- France (95.0 tons)
- China (59.3 tons)
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