Price for Rubber; Vulcanised (Other than Hard Rubber), Gloves Other than Surgical Gloves in the Philippines - 2023
Contents:
- Price for Rubber; Vulcanised (Other than Hard Rubber), Gloves Other than Surgical Gloves in the Philippines (CIF) - 2022
- Price for Rubber; Vulcanised (Other than Hard Rubber), Gloves Other than Surgical Gloves in the Philippines (FOB) - 2022
- Imports of Rubber; Vulcanised (Other than Hard Rubber), Gloves Other than Surgical Gloves in the Philippines
- Exports of Rubber; Vulcanised (Other than Hard Rubber), Gloves Other than Surgical Gloves in the Philippines
Price for Rubber; Vulcanised (Other than Hard Rubber), Gloves Other than Surgical Gloves in the Philippines (CIF) - 2022
The average import price for rubber; vulcanised (other than hard rubber), gloves other than surgical gloveses stood at $8,587 per ton in 2022, waning by -46.4% against the previous year. Over the period under review, the import price, however, continues to indicate a buoyant expansion. The growth pace was the most rapid in 2021 an increase of 73%. As a result, import price attained the peak level of $16,032 per ton, and then contracted significantly in the following year.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Vietnam ($8,587 per ton) and Japan ($8,587 per ton), while the price for Singapore ($8,587 per ton) and China ($8,587 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sri Lanka (+21.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Rubber; Vulcanised (Other than Hard Rubber), Gloves Other than Surgical Gloves in the Philippines (FOB) - 2022
In 2022, the average export price for rubber; vulcanised (other than hard rubber), gloves other than surgical gloveses amounted to $11,451 per ton, with an increase of 11% against the previous year. Overall, the export price saw a perceptible increase. The growth pace was the most rapid in 2013 an increase of 39% against the previous year. As a result, the export price reached the peak level of $11,797 per ton. From 2014 to 2022, the average export prices remained at a lower figure.
Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($11,451 per ton), while the average price for exports to Singapore ($11,451 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 Malaysia (+10.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Rubber; Vulcanised (Other than Hard Rubber), Gloves Other than Surgical Gloves in the Philippines
In 2022, overseas purchases of rubber; vulcanised (other than hard rubber), gloves other than surgical gloveses were finally on the rise to reach 2.6K tons for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, saw a mild contraction.
In value terms, imports of rubber; vulcanised (other than hard rubber), gloves other than surgical gloveses fell rapidly to $22M in 2022. Over the period under review, imports posted a buoyant expansion. The growth pace was the most rapid in 2021 when imports increased by 70% against the previous year. As a result, imports reached the peak of $33M, and then contracted notably in the following year.
| Import of Rubber; Vulcanised (Other than Hard Rubber), Gloves Other than Surgical Gloves in the Philippines (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 8.1 | 10.3 | 17.3 | 13.9 | 19.7% |
| China | 2.7 | 3.5 | 9.1 | 4.4 | 17.7% |
| Thailand | 1.4 | 0.9 | 2.5 | 1.4 | 0.0% |
| Vietnam | N/A | 0.2 | 1.3 | 0.6 | 73.2% |
| Japan | 0.6 | 2.0 | 0.6 | 0.5 | -5.9% |
| South Korea | 0.8 | 0.7 | 0.8 | 0.4 | -20.6% |
| Germany | N/A | N/A | N/A | 0.3 | 0% |
| Singapore | 1.5 | 1.1 | 0.1 | 0.1 | -59.5% |
| Others | 0.9 | 0.7 | 1.5 | 0.7 | -8.0% |
| Total | 16.1 | 19.5 | 33.1 | 22.4 | 11.6% |
Top Suppliers of Rubber; Vulcanised (Other than Hard Rubber), Gloves Other than Surgical Gloves to the Philippines in 2022:
- Malaysia (1615.7 tons)
- China (516.9 tons)
- Thailand (166.6 tons)
- Vietnam (67.8 tons)
- Japan (57.7 tons)
- South Korea (51.1 tons)
- Germany (40.1 tons)
- Singapore (10.9 tons)
Exports of Rubber; Vulcanised (Other than Hard Rubber), Gloves Other than Surgical Gloves in the Philippines
In 2022, exports of rubber; vulcanised (other than hard rubber), gloves other than surgical gloveses from the Philippines dropped significantly to 9.4 tons, with a decrease of -20% on the previous year's figure. Over the period under review, exports recorded a sharp slump. The most prominent rate of growth was recorded in 2021 with an increase of 129%.
In value terms, exports of rubber; vulcanised (other than hard rubber), gloves other than surgical gloveses contracted to $107K in 2022. Overall, exports continue to indicate a noticeable decline. The most prominent rate of growth was recorded in 2021 when exports increased by 205% against the previous year.
| Export of Rubber; Vulcanised (Other than Hard Rubber), Gloves Other than Surgical Gloves in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Taiwan (Chinese) | N/A | N/A | 0.6 | 77.6 | 12833.3% |
| Japan | 111 | 0.1 | 65.5 | 21.8 | -41.9% |
| Singapore | N/A | 0.1 | 6.1 | 7.6 | 771.8% |
| Hong Kong SAR | 9.5 | N/A | N/A | N/A | 0% |
| Vietnam | N/A | 5.4 | 3.6 | N/A | -33.3% |
| Malaysia | 0.2 | 28.1 | 18.6 | N/A | 864.4% |
| Mexico | N/A | 5.1 | 3.1 | N/A | -39.2% |
| Others | 2.5 | 0.7 | 23.3 | 0.3 | -50.7% |
| Total | 123 | 39.6 | 121 | 107 | -4.5% |
Top Export Markets for Rubber; Vulcanised (Other than Hard Rubber), Gloves Other than Surgical Gloves from the Philippines in 2022:
- Taiwan (Chinese) (6.8 tons)
- Japan (1.9 tons)
- Singapore (0.7 tons)
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