Price for Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials in Singapore - 2023
Contents:
- Price for Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials in Singapore (CIF) - 2022
- Price for Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials in Singapore (FOB) - 2022
- Imports of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials in Singapore
- Exports of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials in Singapore
Price for Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials in Singapore (CIF) - 2022
In 2022, the average import price for rubber; vulcanised, conveyor belts or belting, reinforced only with textile materialses amounted to $5,486 per ton, growing by 16% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The import price peaked at $5,577 per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Japan ($5,487 per ton) and Sweden ($5,486 per ton), while the price for Italy ($5,486 per ton) and Switzerland ($5,486 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+0.8%), 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 Singapore (FOB) - 2022
In 2022, the average export price for rubber; vulcanised, conveyor belts or belting, reinforced only with textile materialses amounted to $4,671 per ton, picking up by 3.1% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the average export price increased by 18% against the previous year. Over the period under review, the average export prices hit record highs at $5,747 per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.
Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Pakistan ($4,672 per ton) and the Philippines ($4,671 per ton), while the average price for exports to Vietnam ($4,669 per ton) and Taiwan (Chinese) ($4,670 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Bangladesh (+0.2%), while the prices for the other major destinations experienced a decline.
Imports of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials in Singapore
In 2022, imports of rubber; vulcanised, conveyor belts or belting, reinforced only with textile materialses into Singapore dropped remarkably to 666 tons, waning by -18% against 2021. In general, total imports indicated pronounced growth from 2019 to 2022: its volume increased at an average annual rate of +3.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +52.9% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 87% against the previous year. As a result, imports reached the peak of 812 tons, and then fell sharply in the following year.
In value terms, imports of rubber; vulcanised, conveyor belts or belting, reinforced only with textile materialses declined modestly to $3.7M in 2022. Over the period under review, imports, however, recorded strong growth. The most prominent rate of growth was recorded in 2021 when imports increased by 110%. As a result, imports attained the peak of $3.8M, and then dropped modestly in the following year.
| Import of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials in Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 818 | 667 | 1,686 | 2,162 | 38.3% |
| United States | 184 | 264 | 227 | 386 | 28.0% |
| Germany | 520 | 91.6 | 412 | 258 | -20.8% |
| Switzerland | 148 | 373 | 616 | 211 | 12.5% |
| India | 193 | 69.6 | 107 | 188 | -0.9% |
| Italy | 6.9 | 14.0 | 25.3 | 125 | 162.6% |
| Sweden | 6.0 | 68.5 | 175 | 95.9 | 151.9% |
| Netherlands | 237 | 40.4 | 107 | 64.8 | -35.1% |
| Hungary | 221 | 19.1 | 57.0 | 47.6 | -40.1% |
| Others | 175 | 217 | 417 | 113 | -13.6% |
| Total | 2,510 | 1,824 | 3,831 | 3,652 | 13.3% |
Top Suppliers of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials to Singapore in 2022:
- China (394.1 tons)
- United States (70.4 tons)
- Germany (47.0 tons)
- Switzerland (38.4 tons)
- India (34.3 tons)
- Italy (22.8 tons)
- Sweden (17.5 tons)
- Netherlands (11.8 tons)
- Hungary (8.7 tons)
Exports of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials in Singapore
In 2022, the amount of rubber; vulcanised, conveyor belts or belting, reinforced only with textile materialses exported from Singapore rose markedly to 338 tons, picking up by 14% on the year before. Over the period under review, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 91%.
In value terms, exports of rubber; vulcanised, conveyor belts or belting, reinforced only with textile materialses soared to $1.6M in 2022. Overall, exports, however, saw a noticeable slump. The pace of growth was the most pronounced in 2021 with an increase of 68% against the previous year.
| Export of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials in Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 550 | 158 | 526 | 675 | 7.1% |
| Indonesia | 966 | 302 | 361 | 495 | -20.0% |
| Bangladesh | 7.3 | N/A | 0.4 | 74.4 | 116.8% |
| Thailand | 12.3 | 16.9 | 18.9 | 66.0 | 75.1% |
| Australia | 47.9 | 124 | 152 | 52.7 | 3.2% |
| China | 35.3 | 29.1 | 44.2 | 41.7 | 5.7% |
| India | 22.4 | 12.2 | 28.5 | 37.9 | 19.2% |
| United States | 7.1 | 2.8 | 5.7 | 25.8 | 53.7% |
| Philippines | 69.7 | 48.7 | 27.7 | 11.8 | -44.7% |
| Others | 79.5 | 106 | 179 | 98.5 | 7.4% |
| Total | 1,798 | 800 | 1,343 | 1,578 | -4.3% |
Top Export Markets for Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials from Singapore in 2022:
- Malaysia (144.4 tons)
- Indonesia (105.9 tons)
- Bangladesh (15.9 tons)
- Thailand (14.1 tons)
- Australia (11.3 tons)
- China (8.9 tons)
- India (8.1 tons)
- United States (5.5 tons)
- Philippines (2.5 tons)
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