Price for Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials in Venezuela - 2022

Contents:

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

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

In 2022, the average import price for rubber; vulcanised, conveyor belts or belting, reinforced only with textile materialses amounted to $3,466 per ton, shrinking by -8.4% against the previous year. Over the period under review, the import price recorded a deep contraction. The most prominent rate of growth was recorded in 2018 when the average import price increased by 28% against the previous year. Over the period under review, average import prices hit record highs at $7,957 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($22,376 per ton), while the price for China ($1,159 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+13.0%), 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 Venezuela (FOB) - 2022

The average export price for rubber; vulcanised, conveyor belts or belting, reinforced only with textile materialses stood at $4,331 per ton in 2022, picking up by 3.6% against the previous year. Over the period under review, the export price showed moderate growth. The growth pace was the most rapid in 2017 when the average export price increased by 44% against the previous year. The export price peaked at $8,468 per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

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

From 2012 to 2022, the rate of growth in terms of prices for Colombia amounted to +2.4% per year.

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

Imports of rubber; vulcanised, conveyor belts or belting, reinforced only with textile materialses into Venezuela skyrocketed to 1.8K tons in 2022, picking up by 154% compared with 2021. In general, imports enjoyed significant growth. The pace of growth was the most pronounced in 2021 when imports increased by 234% against the previous year. Imports peaked in 2022 and are likely to continue growth in years to come.

In value terms, imports of rubber; vulcanised, conveyor belts or belting, reinforced only with textile materialses skyrocketed to $6.2M in 2022. Overall, imports enjoyed significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 179%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

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

1. Mexico (554.4 tons)
2. China (494.7 tons)
3. Hungary (212.3 tons)
4. France (171.1 tons)
5. Netherlands (111.3 tons)
6. Poland (61.4 tons)
7. Spain (52.8 tons)
8. Italy (31.0 tons)

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

Exports of rubber; vulcanised, conveyor belts or belting, reinforced only with textile materialses from Venezuela contracted to 24 tons in 2022, approximately mirroring 2021. Over the period under review, exports saw a noticeable slump.

In value terms, exports of rubber; vulcanised, conveyor belts or belting, reinforced only with textile materialses rose slightly to $106K in 2022. The total export value increased at an average annual rate of +3.1% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when exports increased by 3.1% against the previous year. Over the period under review, the exports of attained the maximum in 2022 and are expected to retain growth in years to come.

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

1. Colombia (24.4 tons)

Source: IndexBox Market Intelligence Platform