Price for Rubber; Unvulcanised, Other than "Camel Back" Strips for Retreading Rubber Tyres in Sri Lanka - 2022
Contents:
- Price for Rubber; Unvulcanised, Other than "Camel Back" Strips for Retreading Rubber Tyres in Sri Lanka (CIF) - 2022
- Price for Rubber; Unvulcanised, Other than "Camel Back" Strips for Retreading Rubber Tyres in Sri Lanka (FOB) - 2022
- Imports of Rubber; Unvulcanised, Other than "Camel Back" Strips for Retreading Rubber Tyres in Sri Lanka
- Exports of Rubber; Unvulcanised, Other than "Camel Back" Strips for Retreading Rubber Tyres in Sri Lanka
Price for Rubber; Unvulcanised, Other than "Camel Back" Strips for Retreading Rubber Tyres in Sri Lanka (CIF) - 2022
In 2022, the average import price for rubber amounted to $10,227 per ton, rising by 40% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.2%. 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 2022, amid the top importers, the country with the highest price was Italy ($162,020 per ton), while the price for the Netherlands ($4,923 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+35.4%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Rubber; Unvulcanised, Other than "Camel Back" Strips for Retreading Rubber Tyres in Sri Lanka (FOB) - 2022
In 2022, the average export price for rubber amounted to $11,999 per ton, with an increase of 83% against the previous year. In general, export price indicated a strong expansion from 2012 to 2022: its price increased at an average annual rate of +6.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The export price peaked at $12,233 per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for South Korea.
From 2012 to 2022, the rate of growth in terms of prices for India amounted to +12.3% per year.
Imports of Rubber; Unvulcanised, Other than "Camel Back" Strips for Retreading Rubber Tyres in Sri Lanka
In 2022, purchases abroad of rubber decreased by -32% to 91 tons, falling for the second consecutive year after two years of growth. Overall, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 76%. As a result, imports attained the peak of 157 tons. From 2021 to 2022, the growth of imports of failed to regain momentum.
In value terms, imports of rubber reduced to $926K in 2022. Over the period under review, total imports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +8.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -21.2% against 2020 indices. The pace of growth appeared the most rapid in 2020 with an increase of 62% against the previous year. As a result, imports attained the peak of $1.2M. From 2021 to 2022, the growth of imports of failed to regain momentum.
| Import of Rubber; Unvulcanised, Other than "Camel Back" Strips for Retreading Rubber Tyres in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | 444 | 417 | 575 | 547 | 7.2% |
| United States | N/A | 0.9 | 1.9 | 160 | 1233.3% |
| China | 79.6 | 76.8 | 95.8 | 118 | 14.0% |
| India | 12.4 | 23.0 | 14.5 | 29.3 | 33.2% |
| Netherlands | 140 | 464 | N/A | 21.6 | -46.4% |
| Others | 49.0 | 194 | 285 | 49.4 | 0.3% |
| Total | 724 | 1,176 | 973 | 926 | 8.5% |
Top Suppliers of Rubber; Unvulcanised, Other than "Camel Back" Strips for Retreading Rubber Tyres to Sri Lanka in 2022:
- Belgium (90.6 tons)
- India (4.9 tons)
- China (4.9 tons)
- Netherlands (4.4 tons)
- United States (2.5 tons)
Exports of Rubber; Unvulcanised, Other than "Camel Back" Strips for Retreading Rubber Tyres in Sri Lanka
In 2022, exports of rubber from Sri Lanka declined to 3.2 tons, waning by -8.2% on the previous year's figure. Over the period under review, exports continue to indicate a precipitous setback. The growth pace was the most rapid in 2021 with an increase of 88%.
In value terms, exports of rubber soared to $39K in 2022. In general, exports showed a abrupt shrinkage.
| Export of Rubber; Unvulcanised, Other than "Camel Back" Strips for Retreading Rubber Tyres in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | N/A | N/A | N/A | 2.0 | 0% |
| India | 22.6 | N/A | 21.6 | N/A | -2.2% |
| Belgium | 42.4 | 8.0 | N/A | N/A | -81.1% |
| Others | 0.1 | 6.0 | 1.2 | 36.5 | 614.7% |
| Total | 65.0 | 14.0 | 22.9 | 38.5 | -16.0% |
Top Export Markets for Rubber; Unvulcanised, Other than "Camel Back" Strips for Retreading Rubber Tyres from Sri Lanka in 2022:
- South Korea (0.2 tons)
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