Price for Compounded Rubber, Unvulcanised, in Primary Forms or in Plates, Sheets or Strip in Thailand - 2024
Contents:
- Price for Compounded Rubber, Unvulcanised, in Primary Forms or in Plates, Sheets or Strip in Thailand (FOB) - 2024
- Price for Compounded Rubber, Unvulcanised, in Primary Forms or in Plates, Sheets or Strip in Thailand (CIF) - 2024
- Exports of Compounded Rubber, Unvulcanised, in Primary Forms or in Plates, Sheets or Strip in Thailand
- Imports of Compounded Rubber, Unvulcanised, in Primary Forms or in Plates, Sheets or Strip in Thailand
Price for Compounded Rubber, Unvulcanised, in Primary Forms or in Plates, Sheets or Strip in Thailand (FOB) - 2024
The average export price for compounded rubber, unvulcanised, in primary forms or in plates, sheets or strips stood at $2,346 per ton in January 2024, falling by -8.1% against the previous month. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in July 2023 an increase of 19% against the previous month. Over the period under review, the average export prices hit record highs at $2,552 per ton in December 2023, and then shrank in the following month.
Prices varied noticeably by the country of destination: the country with the highest price was Vietnam ($4,858 per ton), while the average price for exports to Malaysia ($1,399 per ton) was amongst the lowest.
From February 2023 to January 2024, the most notable rate of growth in terms of prices was recorded for supplies to India (+1.6%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Compounded Rubber, Unvulcanised, in Primary Forms or in Plates, Sheets or Strip in Thailand (CIF) - 2024
The average import price for compounded rubber, unvulcanised, in primary forms or in plates, sheets or strips stood at $2,922 per ton in January 2024, picking up by 41% against the previous month. Over the last eleven-month period, it increased at an average monthly rate of +1.1%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices amongst the major supplying countries. In January 2024, the country with the highest price was Germany ($10,018 per ton), while the price for South Korea ($1,487 per ton) was amongst the lowest.
From February 2023 to January 2024, the most notable rate of growth in terms of prices was attained by China (+4.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Compounded Rubber, Unvulcanised, in Primary Forms or in Plates, Sheets or Strip in Thailand
In 2022, overseas shipments of compounded rubber, unvulcanised, in primary forms or in plates, sheets or strips decreased by -8.2% to 110K tons for the first time since 2018, thus ending a three-year rising trend. The total export volume increased at an average annual rate of +5.5% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. The pace of growth was the most pronounced in 2021 with an increase of 13%. As a result, the exports reached the peak of 119K tons, and then declined in the following year.
In value terms, exports of compounded rubber, unvulcanised, in primary forms or in plates, sheets or strips reduced to $303M in 2022. The total export value increased at an average annual rate of +6.4% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when exports increased by 39%. As a result, the exports attained the peak of $336M, and then reduced in the following year.
| Export of Compounded Rubber, Unvulcanised, in Primary Forms or in Plates, Sheets or Strip in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 49.4 | 50.3 | 95.0 | 84.2 | 19.5% |
| India | 59.0 | 44.0 | 49.4 | 60.1 | 0.6% |
| China | 67.0 | 62.8 | 64.2 | 39.5 | -16.1% |
| Spain | 18.5 | 19.2 | 27.7 | 29.9 | 17.4% |
| Australia | 0.1 | 3.3 | 9.3 | 17.2 | 456.1% |
| France | 0.7 | 1.7 | 17.7 | 17.1 | 190.2% |
| Vietnam | 6.8 | 6.3 | 10.2 | 10.9 | 17.0% |
| Indonesia | 8.8 | 5.7 | 8.0 | 8.7 | -0.4% |
| Malaysia | 5.2 | 5.4 | 6.0 | 7.8 | 14.5% |
| Netherlands | 13.3 | 11.2 | 12.5 | 6.5 | -21.2% |
| Italy | 8.6 | 10.8 | 13.2 | 5.8 | -12.3% |
| Taiwan (Chinese) | 0.1 | 8.2 | 6.8 | 0.1 | 0.0% |
| Others | 14.2 | 13.0 | 15.7 | 15.3 | 2.5% |
| Total | 252 | 242 | 336 | 303 | 6.3% |
Top Export Markets for Compounded Rubber, Unvulcanised, in Primary Forms or in Plates, Sheets or Strip from Thailand in 2022:
- India (29.6K tons)
- United States (22.2K tons)
- China (17.5K tons)
- Australia (9.1K tons)
- Spain (8.0K tons)
- Malaysia (5.2K tons)
- France (5.0K tons)
- Indonesia (2.6K tons)
- Vietnam (2.3K tons)
- Netherlands (1.9K tons)
- Italy (1.7K tons)
- Taiwan (Chinese) (0.1K tons)
Imports of Compounded Rubber, Unvulcanised, in Primary Forms or in Plates, Sheets or Strip in Thailand
In 2022, after three years of growth, there was significant decline in overseas purchases of compounded rubber, unvulcanised, in primary forms or in plates, sheets or strips, when their volume decreased by -18.7% to 28K tons. The total import volume increased at an average annual rate of +1.4% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 17%.
In value terms, imports of compounded rubber, unvulcanised, in primary forms or in plates, sheets or strips contracted to $77M in 2022. The total import value increased at an average annual rate of +2.7% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 35%. As a result, imports reached the peak of $86M, and then contracted in the following year.
| Import of Compounded Rubber, Unvulcanised, in Primary Forms or in Plates, Sheets or Strip in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 13.0 | 14.3 | 23.6 | 19.8 | 15.1% |
| Japan | 18.8 | 18.0 | 23.2 | 19.1 | 0.5% |
| United Kingdom | 5.9 | 4.5 | 8.5 | 8.9 | 14.7% |
| Poland | 12.0 | 8.2 | 7.7 | 6.4 | -18.9% |
| United States | 3.6 | 3.0 | 5.1 | 5.2 | 13.0% |
| Germany | 1.1 | 1.4 | 1.6 | 3.4 | 45.7% |
| India | 0.8 | 0.7 | 1.6 | 2.4 | 44.2% |
| South Korea | 0.6 | 1.9 | 4.7 | 2.4 | 58.7% |
| Singapore | 5.4 | 3.5 | 1.4 | 2.3 | -24.8% |
| Netherlands | 1.0 | 0.4 | 1.5 | 0.7 | -11.2% |
| Others | 8.9 | 7.7 | 6.8 | 6.5 | -9.9% |
| Total | 71.0 | 63.6 | 85.8 | 77.0 | 2.7% |
Top Suppliers of Compounded Rubber, Unvulcanised, in Primary Forms or in Plates, Sheets or Strip to Thailand in 2022:
- China (8.1K tons)
- Japan (7.0K tons)
- Poland (3.7K tons)
- United Kingdom (2.4K tons)
- South Korea (1.2K tons)
- United States (1.0K tons)
- Netherlands (0.6K tons)
- Singapore (0.6K tons)
- India (0.6K tons)
- Germany (0.4K tons)
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