Price for Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials in Bangladesh - 2022

Contents:

1. Price for Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials in Bangladesh (CIF) - 2022
2. Price for Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials in Bangladesh (FOB) - 2022
3. Imports of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials in Bangladesh
4. Exports of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials in Bangladesh

Price for Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials in Bangladesh (CIF) - 2022

In 2022, the average import price for rubber; vulcanised, conveyor belts or belting, reinforced only with textile materialses amounted to $3,154 per ton, falling by -18.2% against the previous year. In general, the import price saw a pronounced shrinkage. The most prominent rate of growth was recorded in 2019 an increase of 29% against the previous year. The import price peaked at $5,201 per ton in 2013; however, from 2014 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 France ($13,711 per ton), while the price for China ($2,223 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+2.1%), while the prices for the other major suppliers experienced a decline.

Price for Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials in Bangladesh (FOB) - 2022

The average export price for rubber; vulcanised, conveyor belts or belting, reinforced only with textile materialses stood at $1,019 per ton in 2021, approximately equating the previous year. In general, the export price recorded a noticeable shrinkage. The most prominent rate of growth was recorded in 2013 an increase of 33% against the previous year. As a result, the export price attained the peak level of $1,985 per ton. From 2014 to 2021, the average export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Austria.

From 2012 to 2021, the rate of growth in terms of prices for Malaysia amounted to -25.1% per year.

Imports of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials in Bangladesh

In 2022, imports of rubber; vulcanised, conveyor belts or belting, reinforced only with textile materialses into Bangladesh soared to 1.3K tons, jumping by 119% on 2021. Overall, imports enjoyed a significant increase. As a result, imports attained 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 textile materialses soared to $4.3M 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 +12.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -3.7% against 2020 indices.

Top Suppliers of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials to Bangladesh in 2022:

1. China (854.1 tons)
2. India (171.0 tons)
3. Thailand (114.9 tons)
4. Hungary (43.8 tons)
5. Vietnam (39.5 tons)
6. Singapore (39.0 tons)
7. Netherlands (21.0 tons)
8. Italy (19.0 tons)
9. United States (4.7 tons)

Exports of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials in Bangladesh

In 2021, approx. 929 kg of rubber; vulcanised, conveyor belts or belting, reinforced only with textile materialses were exported from Bangladesh; remaining stable against 2020 figures. In general, exports posted a significant increase. The smallest decline of 99.9% was in 2020. The exports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, exports of rubber; vulcanised, conveyor belts or belting, reinforced only with textile materialses totaled $947 in 2021. Overall, exports posted significant growth. The smallest decline of 99.9% was in 2020. The exports peaked in 2021 and are likely to see steady growth in years to come.

Top Export Markets for Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials from Bangladesh in 2022:

1. Austria (929.0 kg)

Source: IndexBox Market Intelligence Platform