Price for Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials in the UK - 2023
Contents:
- Price for Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials in the UK (CIF) - 2023
- Price for Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials in the UK (FOB) - 2022
- Imports of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials in the UK
- Exports of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials in the UK
Price for Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials in the UK (CIF) - 2023
The average import price for rubber; vulcanised, conveyor belts or belting, reinforced only with textile materialses stood at $3,341 per ton in December 2023, which is down by -23% against the previous month. Overall, the import price showed a perceptible contraction. The pace of growth was the most pronounced in November 2023 when the average import price increased by 34% m-o-m. The import price peaked at $5,247 per ton in December 2022; however, from January 2023 to December 2023, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Germany ($19,664 per ton), while the price for the United Arab Emirates ($1,816 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Germany (+8.2%), 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 the UK (FOB) - 2022
The average export price for rubber; vulcanised, conveyor belts or belting, reinforced only with textile materialses stood at $6,163 per ton in 2022, increasing by 2.6% against the previous year. Over the period under review, the export price, however, saw a mild descent. The pace of growth appeared the most rapid in 2014 an increase of 15%. The export price peaked at $7,998 per ton in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($11,411 per ton), while the average price for exports to India ($1,769 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 Russia (+1.0%), 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 the UK
In 2022, approx. 8.1K tons of rubber; vulcanised, conveyor belts or belting, reinforced only with textile materialses were imported into the UK; with an increase of 14% against 2021. Overall, total imports indicated buoyant growth from 2019 to 2022: its volume increased at an average annual rate of +13.7% 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 +66.3% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 45% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.
In value terms, imports of rubber; vulcanised, conveyor belts or belting, reinforced only with textile materialses soared to $31M in 2022. In general, imports recorded significant growth. As a result, imports attained 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 the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Hungary | 3.1 | 3.2 | N/A | 6.8 | 29.9% |
| China | 3.8 | 2.4 | 3.3 | 5.4 | 12.4% |
| India | 4.6 | 4.2 | 4.2 | 5.1 | 3.5% |
| Turkey | 0.9 | 1.4 | 7.0 | 2.8 | 46.0% |
| Netherlands | 0.2 | 0.7 | 0.2 | 2.2 | 122.4% |
| Germany | 1.4 | 1.6 | 0.5 | 2.2 | 16.3% |
| Romania | N/A | N/A | N/A | 2.1 | 0% |
| Others | 3.0 | 1.9 | 2.2 | 4.4 | 13.6% |
| Total | 17.2 | 15.4 | 17.4 | 31.0 | 21.7% |
Top Suppliers of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials to the UK in 2022:
- China (2.1K tons)
- India (1.9K tons)
- Turkey (1.2K tons)
- Hungary (1.2K tons)
- Romania (0.4K tons)
- Netherlands (0.4K tons)
- Germany (0.3K tons)
Exports of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials in the UK
Exports of rubber; vulcanised, conveyor belts or belting, reinforced only with textile materialses from the UK declined markedly to 2.3K tons in 2022, falling by -36.2% against the year before. In general, exports recorded a abrupt shrinkage. The pace of growth appeared the most rapid in 2021 with an increase of 9.9% against the previous year. As a result, the exports attained the peak of 3.6K tons, and then shrank dramatically in the following year.
In value terms, exports of rubber; vulcanised, conveyor belts or belting, reinforced only with textile materialses shrank notably to $14M in 2022. Over the period under review, exports faced a drastic downturn. The pace of growth appeared the most rapid in 2021 with an increase of 5.2% against the previous year.
| Export of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 1.8 | 1.2 | 1.6 | 2.5 | 11.6% |
| Canada | 1.6 | 4.1 | 2.7 | 1.4 | -4.4% |
| Russia | 9.9 | 9.8 | 9.4 | 1.1 | -51.9% |
| Mexico | 3.0 | N/A | N/A | 0.8 | -35.6% |
| Ireland | 1.5 | 0.7 | 1.3 | 0.6 | -26.3% |
| Germany | 1.0 | 0.4 | 1.1 | 0.4 | -26.3% |
| Netherlands | 0.3 | 0.2 | 0.2 | 0.3 | 0.0% |
| France | 0.3 | 0.2 | 0.3 | 0.3 | 0.0% |
| India | 0.1 | N/A | N/A | 0.2 | 26.0% |
| Norway | N/A | 0.1 | 0.1 | 0.2 | 41.4% |
| Poland | 0.5 | 0.5 | 1.3 | N/A | 61.2% |
| Estonia | N/A | 0.2 | 1.0 | N/A | 400.0% |
| Czech Republic | 1.4 | 0.9 | 0.5 | N/A | -40.2% |
| Others | 4.6 | 2.2 | 2.0 | 6.3 | 11.1% |
| Total | 26.0 | 20.4 | 21.4 | 14.0 | -18.6% |
Top Export Markets for Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials from the UK in 2022:
- United States (337.9 tons)
- Mexico (274.9 tons)
- Canada (263.0 tons)
- Russia (155.5 tons)
- Ireland (115.7 tons)
- India (87.4 tons)
- Germany (68.2 tons)
- Norway (37.0 tons)
- France (30.6 tons)
- Netherlands (28.6 tons)
- Poland (3.3 tons)
- Czech Republic (2.2 tons)
- Estonia (0.3 tons)
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