Price for Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials in Paraguay - 2024

Contents:

1. Price for Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials in Paraguay (CIF) - 2024
2. Price for Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials in Paraguay (FOB) - 2022
3. Imports of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials in Paraguay
4. Exports of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials in Paraguay

Price for Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials in Paraguay (CIF) - 2024

The average import price for rubber; vulcanised, conveyor belts or belting, reinforced only with textile materialses stood at $7,622 per ton in January 2024, growing by 31% against the previous month. Over the period under review, the import price, however, continues to indicate a abrupt contraction. The most prominent rate of growth was recorded in May 2023 when the average import price increased by 235% month-to-month. As a result, import price reached the peak level of $50,813 per ton. From June 2023 to January 2024, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In January 2024, the country with the highest price was the United States ($30,699 per ton), while the price for China ($3,790 per ton) was amongst the lowest.

From January 2023 to January 2024, the most notable rate of growth in terms of prices was attained by the United States (+4.2%), while the prices for the other major suppliers experienced mixed trend patterns.

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

The average export price for rubber; vulcanised, conveyor belts or belting, reinforced only with textile materialses stood at $71,000 per ton in 2022, picking up by 1,165% against the previous year. In general, the export price showed a strong increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the rate of growth in terms of prices for Bolivia amounted to -10.9% per year.

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

In 2022, imports of rubber; vulcanised, conveyor belts or belting, reinforced only with textile materialses into Paraguay fell to 529 tons, with a decrease of -10.6% compared with the previous year. Over the period under review, total imports indicated a resilient expansion from 2019 to 2022: its volume increased at an average annual rate of +9.4% 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 +42.0% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 59% against the previous year. As a result, imports reached the peak of 592 tons, and then reduced in the following year.

In value terms, imports of rubber; vulcanised, conveyor belts or belting, reinforced only with textile materialses reached $2.8M in 2022. In general, total imports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +19.8% 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 +71.8% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 59%. Over the period under review, imports of attained the peak figure in 2022 and are likely to see gradual growth in the immediate term.

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

1. China (291.4 tons)
2. Brazil (227.0 tons)

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

In 2022, overseas shipments of rubber; vulcanised, conveyor belts or belting, reinforced only with textile materialses decreased by -99.9% to 1 kg for the first time since 2018, thus ending a three-year rising trend. Overall, exports recorded a significant decline. The growth pace was the most rapid in 2020 when exports increased by 223% against the previous year.

In value terms, exports of rubber; vulcanised, conveyor belts or belting, reinforced only with textile materialses dropped remarkably to $71 in 2022. In general, exports continue to indicate a significant decrease. The most prominent rate of growth was recorded in 2021 with an increase of 20%. As a result, the exports attained the peak of $5.1K, and then contracted notably in the following year.

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

1. United States (1.0 kg)

Source: IndexBox Market Intelligence Platform