Price for Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials in Latvia - 2023
Contents:
- Price for Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials in Latvia (CIF) - 2022
- Price for Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials in Latvia (FOB) - 2022
- Imports of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials in Latvia
- Exports of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials in Latvia
Price for Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials in Latvia (CIF) - 2022
The average import price for rubber; vulcanised, conveyor belts or belting, reinforced only with textile materialses stood at $8,148 per ton in 2022, jumping by 27% against the previous year. Overall, import price indicated a moderate expansion from 2012 to 2022: its price increased at an average annual rate of +2.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for rubber; vulcanised, conveyor belts or belting, reinforced only with textile materialses increased by +24.9% against 2019 indices. The pace of growth was the most pronounced in 2018 an increase of 49% against the previous year. The import price peaked in 2022 and is expected to retain growth in the near future.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($27,667 per ton), while the price for China ($3,465 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+3.4%), 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 Latvia (FOB) - 2022
In 2022, the average export price for rubber; vulcanised, conveyor belts or belting, reinforced only with textile materialses amounted to $11,720 per ton, picking up by 37% against the previous year. Over the period under review, the export price, however, showed a pronounced decline. The pace of growth was the most pronounced in 2015 when the average export price increased by 130% against the previous year. Over the period under review, the average export prices hit record highs at $35,302 per ton in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.
Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Belarus ($15,629 per ton), while the average price for exports to Russia ($10,908 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 Belarus (+11.8%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials in Latvia
In 2022, overseas purchases of rubber; vulcanised, conveyor belts or belting, reinforced only with textile materialses decreased by -48.8% to 161 tons for the first time since 2018, thus ending a three-year rising trend. In general, imports, however, showed a tangible expansion. The most prominent rate of growth was recorded in 2021 with an increase of 81% against the previous year. As a result, imports reached the peak of 314 tons, and then plummeted in the following year.
In value terms, imports of rubber; vulcanised, conveyor belts or belting, reinforced only with textile materialses declined markedly to $1.3M in 2022. Overall, imports, however, enjoyed resilient growth. The pace of growth appeared the most rapid in 2021 with an increase of 84%. As a result, imports reached the peak of $2M, and then shrank notably in the following year.
| Import of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Lithuania | 415 | 32.2 | 88.9 | 391 | -2.0% |
| Germany | 30.2 | 95.1 | 1,078 | 310 | 117.3% |
| Italy | 83.0 | 67.0 | 193 | 134 | 17.3% |
| Sweden | 53.9 | 510 | 119 | 100 | 22.9% |
| Poland | 80.5 | 121 | 150 | 97.3 | 6.5% |
| Netherlands | 191 | 175 | 184 | 82.5 | -24.4% |
| Estonia | 37.4 | 27.4 | 26.1 | 31.6 | -5.5% |
| Russia | 5.7 | 23.8 | 26.3 | N/A | 114.8% |
| Others | 55.0 | 45.2 | 150 | 164 | 43.9% |
| Total | 952 | 1,097 | 2,014 | 1,310 | 11.2% |
Top Suppliers of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials to Latvia in 2022:
- Lithuania (62.3 tons)
- Italy (27.0 tons)
- Netherlands (20.2 tons)
- Poland (13.7 tons)
- Sweden (13.1 tons)
- Germany (11.2 tons)
- Estonia (4.3 tons)
Exports of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials in Latvia
In 2022, after three years of growth, there was significant decline in overseas shipments of rubber; vulcanised, conveyor belts or belting, reinforced only with textile materialses, when their volume decreased by -48.5% to 70 tons. Overall, exports, however, posted a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 1,638% against the previous year.
In value terms, exports of rubber; vulcanised, conveyor belts or belting, reinforced only with textile materialses shrank sharply to $826K in 2022. Over the period under review, exports, however, recorded a significant increase. The pace of growth was the most pronounced in 2020 when exports increased by 630%.
| Export of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 14.2 | 565 | 1,099 | 697 | 266.1% |
| Belarus | 20.9 | 9.2 | 0.6 | 57.0 | 39.7% |
| Lithuania | 32.2 | 37.2 | 29.6 | 27.4 | -5.2% |
| Others | 19.8 | 24.5 | 41.7 | 44.4 | 30.9% |
| Total | 87.0 | 635 | 1,171 | 826 | 111.7% |
Top Export Markets for Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials from Latvia in 2022:
- Russia (63.9 tons)
- Belarus (3.6 tons)
- Lithuania (2.1 tons)
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