Price for Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials in Japan - 2023
Contents:
- Price for Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials in Japan (CIF) - 2023
- Price for Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials in Japan (FOB) - 2022
- Imports of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials in Japan
- Exports of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials in Japan
Price for Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials in Japan (CIF) - 2023
The average import price for rubber; vulcanised, conveyor belts or belting, reinforced only with textile materialses stood at $3,195 per ton in November 2023, which is down by -1.8% against the previous month. In general, the import price recorded a noticeable contraction. The growth pace was the most rapid in October 2023 when the average import price increased by 13% m-o-m. Over the period under review, average import prices hit record highs at $4,712 per ton in March 2023; however, from April 2023 to November 2023, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In November 2023, the country with the highest price was South Korea ($8,165 per ton), while the price for China ($2,677 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (-0.8%), 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 Japan (FOB) - 2022
The average export price for rubber; vulcanised, conveyor belts or belting, reinforced only with textile materialses stood at $4,046 per ton in 2022, with a decrease of -12.9% against the previous year. In general, the export price saw a perceptible downturn. The pace of growth appeared the most rapid in 2020 an increase of 17% against the previous year. Over the period under review, the average export prices hit record highs at $6,063 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($11,487 per ton), while the average price for exports to Vietnam ($546 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 China (+3.3%), 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 Japan
In 2022, the amount of rubber; vulcanised, conveyor belts or belting, reinforced only with textile materialses imported into Japan soared to 10K tons, with an increase of 26% on 2021 figures. Overall, imports recorded a relatively flat trend pattern. 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 skyrocketed to $41M in 2022. The total import value increased at an average annual rate of +4.7% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. 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 Textile Materials in Japan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 26.7 | 19.9 | 22.6 | 32.2 | 6.4% |
| Taiwan (Chinese) | 5.5 | 3.2 | 1.9 | 2.4 | -24.2% |
| South Korea | 0.4 | 1.1 | 1.5 | 1.6 | 58.7% |
| Vietnam | 0.5 | 0.4 | 0.5 | 0.6 | 6.3% |
| Others | 2.3 | 2.6 | 5.0 | 3.8 | 18.2% |
| Total | 35.4 | 27.3 | 31.5 | 40.6 | 4.7% |
Top Suppliers of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials to Japan in 2022:
- China (9.4K tons)
- South Korea (0.2K tons)
- Vietnam (0.2K tons)
- Taiwan (Chinese) (0.2K tons)
Exports of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials in Japan
In 2022, shipments abroad of rubber; vulcanised, conveyor belts or belting, reinforced only with textile materialses was finally on the rise to reach 7.3K tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, showed a pronounced shrinkage.
In value terms, exports of rubber; vulcanised, conveyor belts or belting, reinforced only with textile materialses rose significantly to $29M in 2022. Over the period under review, exports, however, continue to indicate a perceptible shrinkage.
| Export of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials in Japan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Chile | 5.1 | 4.7 | 5.1 | 6.4 | 7.9% |
| United States | 2.3 | 2.9 | 2.0 | 3.5 | 15.0% |
| Indonesia | 2.4 | 2.0 | 4.4 | 3.0 | 7.7% |
| Peru | 2.0 | 2.4 | 1.6 | 2.5 | 7.7% |
| Canada | 1.4 | 0.7 | 0.8 | 2.4 | 19.7% |
| Philippines | 2.9 | 2.9 | 2.2 | 1.8 | -14.7% |
| Vietnam | 2.0 | 1.3 | 1.1 | 1.7 | -5.3% |
| Australia | 2.1 | 2.1 | 1.5 | 1.4 | -12.6% |
| Taiwan (Chinese) | 0.6 | 1.3 | 0.9 | 1.3 | 29.4% |
| Malaysia | 0.4 | 0.4 | 0.6 | 0.9 | 31.0% |
| China | 1.1 | 0.5 | 1.3 | 0.7 | -14.0% |
| Hong Kong SAR | 0.4 | 0.3 | 0.2 | 0.7 | 20.5% |
| Russia | 1.7 | 1.6 | 0.6 | 0.1 | -61.1% |
| Others | 7.6 | 5.5 | 4.8 | 2.9 | -27.5% |
| Total | 31.9 | 28.7 | 26.9 | 29.5 | -2.6% |
Top Export Markets for Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials from Japan in 2022:
- Vietnam (3192.1 tons)
- Chile (995.8 tons)
- Indonesia (545.3 tons)
- Canada (367.6 tons)
- Peru (337.1 tons)
- United States (307.4 tons)
- Australia (276.1 tons)
- Philippines (249.0 tons)
- China (233.9 tons)
- Taiwan (Chinese) (212.3 tons)
- Malaysia (129.9 tons)
- Hong Kong SAR (115.6 tons)
- Russia (18.7 tons)
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