Price for Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials in Sri Lanka - 2022
Contents:
- Price for Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials in Sri Lanka (CIF) - 2022
- Price for Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials in Sri Lanka (FOB) - 2022
- Imports of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials in Sri Lanka
- Exports of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials in Sri Lanka
Price for Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials in Sri Lanka (CIF) - 2022
The average import price for rubber; vulcanised, conveyor belts or belting, reinforced only with textile materialses stood at $6,010 per ton in 2022, growing by 65% against the previous year. In general, the import price continues to indicate a strong increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($87,679 per ton), while the price for China ($1,741 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+9.2%), 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 Sri Lanka (FOB) - 2022
In 2022, the average export price for rubber; vulcanised, conveyor belts or belting, reinforced only with textile materialses amounted to $6,197 per ton, waning by -20% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when the average export price increased by 156% against the previous year. The export price peaked at $21,417 per ton in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Slovenia ($6,267 per ton), while the average price for exports to Maldives totaled $2,000 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Maldives (-11.0%).
Imports of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials in Sri Lanka
In 2022, imports of rubber; vulcanised, conveyor belts or belting, reinforced only with textile materialses into Sri Lanka shrank remarkably to 37 tons, which is down by -50.5% on 2021. Over the period under review, imports faced a precipitous curtailment. The most prominent rate of growth was recorded in 2021 when imports increased by 59% against the previous year.
In value terms, imports of rubber; vulcanised, conveyor belts or belting, reinforced only with textile materialses fell dramatically to $224K in 2022. In general, imports faced a sharp reduction. The growth pace was the most rapid in 2021 when imports increased by 69%.
| Import of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 14.9 | 4.0 | 1.7 | 87.9 | 80.7% |
| China | 72.1 | 26.0 | 57.9 | 38.8 | -18.7% |
| Netherlands | 72.9 | 16.9 | 15.9 | 30.5 | -25.2% |
| India | 74.4 | 3.2 | 13.1 | 24.0 | -31.4% |
| Denmark | 22.9 | 5.5 | 1.8 | 16.6 | -10.2% |
| Taiwan (Chinese) | 26.1 | 4.5 | 0.6 | 3.2 | -50.3% |
| Vietnam | 100 | 10.3 | 23.1 | N/A | -51.9% |
| Turkey | 30.5 | 9.6 | 16.3 | N/A | -26.9% |
| Canada | 29.0 | N/A | N/A | N/A | 0% |
| Others | 493 | 81.9 | 144 | 23.3 | -63.8% |
| Total | 936 | 162 | 274 | 224 | -37.9% |
Top Suppliers of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials to Sri Lanka in 2022:
- China (22.3 tons)
- India (6.4 tons)
- Netherlands (4.9 tons)
- Denmark (1.0 tons)
- Japan (1.0 tons)
- Taiwan (Chinese) (0.5 tons)
Exports of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials in Sri Lanka
In 2022, the amount of rubber; vulcanised, conveyor belts or belting, reinforced only with textile materialses exported from Sri Lanka was estimated at 61 kg, with an increase of 5.2% on 2021 figures. Over the period under review, exports, however, saw a precipitous contraction. The most prominent rate of growth was recorded in 2020 when exports increased by 145%. As a result, the exports reached the peak of 887 kg. From 2021 to 2022, the growth of the exports of failed to regain momentum.
In value terms, exports of rubber; vulcanised, conveyor belts or belting, reinforced only with textile materialses shrank markedly to $378 in 2022. In general, exports, however, continue to indicate a sharp shrinkage. The growth pace was the most rapid in 2020 when exports increased by 38% against the previous year. As a result, the exports attained the peak of $3K. From 2021 to 2022, the growth of the exports of failed to regain momentum.
| Export of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials in Sri Lanka (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Slovenia | N/A | N/A | N/A | 188 | 0% |
| Maldives | 15.0 | 36.0 | 54.0 | 2.0 | -48.9% |
| Seychelles | 49.0 | 3,002 | N/A | N/A | 6026.5% |
| Ethiopia | N/A | N/A | 153 | N/A | 0% |
| Egypt | N/A | N/A | 242 | N/A | 0% |
| Ghana | 1,990 | N/A | N/A | N/A | 0% |
| Others | 149 | N/A | N/A | 188 | 8.1% |
| Total | 2,203 | 3,038 | 449 | 378 | -44.4% |
Top Export Markets for Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials from Sri Lanka in 2022:
- Slovenia (30.0 kg)
- Maldives (1.0 kg)
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