Price for Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials in Indonesia - 2022
Contents:
- Price for Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials in Indonesia (CIF) - 2022
- Price for Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials in Indonesia (FOB) - 2022
- Imports of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials in Indonesia
- Exports of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials in Indonesia
Price for Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials in Indonesia (CIF) - 2022
In 2022, the average import price for rubber; vulcanised, conveyor belts or belting, reinforced only with textile materialses amounted to $3,161 per ton, reducing by -1.6% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of 18% against the previous year. As a result, import price attained the peak level of $3,212 per ton, and then dropped slightly in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($12,877 per ton), while the price for China ($2,557 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+5.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials in Indonesia (FOB) - 2022
In 2022, the average export price for rubber; vulcanised, conveyor belts or belting, reinforced only with textile materialses amounted to $6,864 per ton, picking up by 12% against the previous year. Over the period under review, the export price continues to indicate mild growth. The growth pace was the most rapid in 2021 when the average export price increased by 46% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is likely to see steady growth in the near future.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Vietnam ($9,122 per ton), while the average price for exports to Thailand ($4,824 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 Thailand (+24.7%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials in Indonesia
In 2022, approx. 12K tons of rubber; vulcanised, conveyor belts or belting, reinforced only with textile materialses were imported into Indonesia; with an increase of 17% against the previous year's figure. The total import volume increased at an average annual rate of +8.9% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when imports increased by 24% against the previous year. Imports peaked in 2022 and are likely to continue growth in years to come.
In value terms, imports of rubber; vulcanised, conveyor belts or belting, reinforced only with textile materialses soared to $38M in 2022. Over the period under review, total imports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +14.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +68.8% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 47%. Over the period under review, imports of reached the maximum in 2022 and are likely to see gradual growth in years to come.
| Import of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials in Indonesia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 15.3 | 15.7 | 16.8 | 23.9 | 16.0% |
| Japan | 1.4 | 1.6 | 2.6 | 4.4 | 46.5% |
| Vietnam | 2.6 | 2.4 | 2.6 | 3.1 | 6.0% |
| Australia | 0.3 | N/A | 7.8 | 2.7 | 108.0% |
| South Korea | 0.4 | 0.2 | 0.3 | 0.9 | 31.0% |
| Others | 5.0 | 2.6 | 2.7 | 2.7 | -18.6% |
| Total | 25.1 | 22.4 | 32.8 | 37.7 | 14.5% |
Top Suppliers of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials to Indonesia in 2022:
- China (9.4K tons)
- Vietnam (0.9K tons)
- Japan (0.8K tons)
- Australia (0.3K tons)
- South Korea (0.2K tons)
Exports of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials in Indonesia
In 2022, overseas shipments of rubber; vulcanised, conveyor belts or belting, reinforced only with textile materialses were finally on the rise to reach 139 tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports recorded a significant increase. 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 textile materialses soared to $955K in 2022. In general, exports continue to indicate a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials in Indonesia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 65.8 | N/A | 116 | 470 | 92.6% |
| Malaysia | 146 | 102 | 39.5 | 240 | 18.0% |
| Peru | 26.2 | 44.5 | 50.7 | 103 | 57.8% |
| Mexico | N/A | 7.4 | N/A | 75.3 | 219.0% |
| Thailand | N/A | N/A | 1.7 | 40.8 | 2300.0% |
| Vietnam | 1.6 | 7.3 | 18.4 | 23.1 | 143.5% |
| El Salvador | N/A | 21.2 | N/A | N/A | 0% |
| Australia | 5.6 | 4.7 | N/A | N/A | -16.1% |
| Others | 138 | 92.0 | 124 | 2.3 | -74.5% |
| Total | 384 | 279 | 350 | 955 | 35.5% |
Top Export Markets for Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials from Indonesia in 2022:
- United States (56.5 tons)
- Malaysia (42.0 tons)
- Peru (17.0 tons)
- Mexico (12.4 tons)
- Thailand (8.5 tons)
- Vietnam (2.5 tons)
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