Price for Compounded Rubber, Unvulcanised, in Primary Forms or in Plates, Sheets or Strip in Hungary - 2023
Contents:
- Price for Compounded Rubber, Unvulcanised, in Primary Forms or in Plates, Sheets or Strip in Hungary (CIF) - 2023
- Price for Compounded Rubber, Unvulcanised, in Primary Forms or in Plates, Sheets or Strip in Hungary (FOB) - 2023
- Imports of Compounded Rubber, Unvulcanised, in Primary Forms or in Plates, Sheets or Strip in Hungary
- Exports of Compounded Rubber, Unvulcanised, in Primary Forms or in Plates, Sheets or Strip in Hungary
Price for Compounded Rubber, Unvulcanised, in Primary Forms or in Plates, Sheets or Strip in Hungary (CIF) - 2023
In December 2023, the average import price for compounded rubber, unvulcanised, in primary forms or in plates, sheets or strips amounted to $3,379 per ton, shrinking by -4.1% against the previous month. Over the period under review, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in May 2023 when the average import price increased by 10% against the previous month. Over the period under review, average import prices hit record highs at $4,054 per ton in October 2023; however, from November 2023 to December 2023, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In December 2023, the country with the highest price was the Czech Republic ($5,305 per ton), while the price for Austria ($2,659 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 the Czech Republic (+1.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Compounded Rubber, Unvulcanised, in Primary Forms or in Plates, Sheets or Strip in Hungary (FOB) - 2023
The average export price for compounded rubber, unvulcanised, in primary forms or in plates, sheets or strips stood at $3,898 per ton in December 2023, picking up by 4.8% against the previous month. Over the period from December 2022 to December 2023, it increased at an average monthly rate of +1.8%. The most prominent rate of growth was recorded in July 2023 when the average export price increased by 36% m-o-m. Over the period under review, the average export prices hit record highs at $3,978 per ton in March 2023; however, from April 2023 to December 2023, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major overseas markets. In December 2023, the country with the highest price was Slovenia ($5,804 per ton), while the average price for exports to the Netherlands ($302 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (+15.0%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Compounded Rubber, Unvulcanised, in Primary Forms or in Plates, Sheets or Strip in Hungary
In 2022, the amount of compounded rubber, unvulcanised, in primary forms or in plates, sheets or strips imported into Hungary contracted to 41K tons, reducing by -8% compared with the previous year. Overall, imports saw a noticeable descent. The most prominent rate of growth was recorded in 2021 with an increase of 19% against the previous year.
In value terms, imports of compounded rubber, unvulcanised, in primary forms or in plates, sheets or strips rose significantly to $125M in 2022. The total import value increased at an average annual rate of +2.7% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 23% against the previous year. Over the period under review, imports of attained the maximum in 2022 and are expected to retain growth in the near future.
| Import of Compounded Rubber, Unvulcanised, in Primary Forms or in Plates, Sheets or Strip in Hungary (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 29.3 | 29.4 | 33.6 | 46.1 | 16.3% |
| Poland | 25.5 | 19.3 | 26.5 | 29.8 | 5.3% |
| Italy | 19.1 | 17.6 | 23.5 | 20.5 | 2.4% |
| Romania | 13.4 | 5.3 | 5.6 | 7.4 | -18.0% |
| France | 10.2 | 6.5 | 6.5 | 6.5 | -13.9% |
| Austria | 7.2 | 7.3 | 9.9 | 6.4 | -3.9% |
| Turkey | 3.3 | 1.9 | 3.4 | 0.3 | -55.0% |
| Others | 7.2 | 6.7 | 7.1 | 7.6 | 1.8% |
| Total | 115 | 94.0 | 116 | 125 | 2.8% |
Top Suppliers of Compounded Rubber, Unvulcanised, in Primary Forms or in Plates, Sheets or Strip to Hungary in 2022:
- Germany (12.5K tons)
- Poland (11.4K tons)
- Italy (7.9K tons)
- Romania (2.6K tons)
- Austria (2.5K tons)
- France (2.4K tons)
- Turkey (0.1K tons)
Exports of Compounded Rubber, Unvulcanised, in Primary Forms or in Plates, Sheets or Strip in Hungary
In 2022, shipments abroad of compounded rubber, unvulcanised, in primary forms or in plates, sheets or strips decreased by -3.3% to 23K tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, total exports indicated a strong increase from 2019 to 2022: its volume increased at an average annual rate of +18.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +67.7% against 2019 indices. The pace of growth was the most pronounced in 2020 when exports increased by 40% against the previous year.
In value terms, exports of compounded rubber, unvulcanised, in primary forms or in plates, sheets or strips rose significantly to $65M in 2022. Overall, total exports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +5.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +62.7% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 43% against the previous year. Over the period under review, the exports of reached the peak figure in 2022 and are likely to see steady growth in years to come.
| Export of Compounded Rubber, Unvulcanised, in Primary Forms or in Plates, Sheets or Strip in Hungary (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Romania | 17.8 | 13.3 | 20.4 | 31.4 | 20.8% |
| Slovenia | 11.0 | 9.5 | 12.0 | 12.5 | 4.4% |
| Germany | 1.3 | 2.7 | 10.8 | 9.7 | 95.4% |
| Poland | 2.7 | 2.0 | 6.9 | 5.5 | 26.8% |
| Spain | 6.2 | 2.9 | 1.1 | 1.3 | -40.6% |
| Italy | 3.3 | 4.0 | 2.5 | 1.0 | -32.8% |
| Serbia | 1.8 | 1.0 | 1.1 | 0.9 | -20.6% |
| Turkey | 1.7 | 0.3 | 0.4 | 0.6 | -29.3% |
| Others | 9.4 | 4.2 | 2.2 | 2.0 | -40.3% |
| Total | 55.2 | 40.0 | 57.3 | 65.0 | 5.6% |
Top Export Markets for Compounded Rubber, Unvulcanised, in Primary Forms or in Plates, Sheets or Strip from Hungary in 2022:
- Romania (7.6K tons)
- Slovenia (3.8K tons)
- Poland (3.5K tons)
- Germany (3.5K tons)
- Serbia (1.1K tons)
- Turkey (0.8K tons)
- Spain (0.8K tons)
- Italy (0.5K tons)
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