Price for Compounded Rubber, Unvulcanised, in Primary Forms or in Plates, Sheets or Strip in Canada - 2024
Contents:
- Price for Compounded Rubber, Unvulcanised, in Primary Forms or in Plates, Sheets or Strip in Canada (FOB) - 2024
- Price for Compounded Rubber, Unvulcanised, in Primary Forms or in Plates, Sheets or Strip in Canada (CIF) - 2024
- Exports of Compounded Rubber, Unvulcanised, in Primary Forms or in Plates, Sheets or Strip in Canada
- Imports of Compounded Rubber, Unvulcanised, in Primary Forms or in Plates, Sheets or Strip in Canada
Price for Compounded Rubber, Unvulcanised, in Primary Forms or in Plates, Sheets or Strip in Canada (FOB) - 2024
The average export price for compounded rubber, unvulcanised, in primary forms or in plates, sheets or strips stood at $3,444 per ton in January 2024, waning by -1.6% against the previous month. Overall, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in June 2023 when the average export price increased by 4.7% m-o-m. Over the period under review, the average export prices hit record highs at $3,652 per ton in January 2023; however, from February 2023 to January 2024, the export prices stood at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for the United States.
From January 2023 to January 2024, the rate of growth in terms of prices for the United States amounted to -0.5% per month.
Price for Compounded Rubber, Unvulcanised, in Primary Forms or in Plates, Sheets or Strip in Canada (CIF) - 2024
The average import price for compounded rubber, unvulcanised, in primary forms or in plates, sheets or strips stood at $3,583 per ton in January 2024, remaining stable against the previous month. Overall, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in April 2023 when the average import price increased by 4.8% month-to-month. Over the period under review, average import prices attained the maximum at $4,051 per ton in June 2023; however, from July 2023 to January 2024, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Italy ($4,619 per ton), while the price for Indonesia ($2,212 per ton) was amongst the lowest.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was attained by Indonesia (+5.5%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Compounded Rubber, Unvulcanised, in Primary Forms or in Plates, Sheets or Strip in Canada
In 2022, approx. 125K tons of compounded rubber, unvulcanised, in primary forms or in plates, sheets or strips were exported from Canada; picking up by 11% compared with the year before. The total export volume increased at an average annual rate of +1.4% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when exports increased by 28%. Over the period under review, the exports of reached the maximum in 2022 and are likely to continue growth in the near future.
In value terms, exports of compounded rubber, unvulcanised, in primary forms or in plates, sheets or strips soared to $424M in 2022. Over the period under review, total exports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +7.4% 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 +65.2% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 34%. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.
| Export of Compounded Rubber, Unvulcanised, in Primary Forms or in Plates, Sheets or Strip in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 336 | 250 | 334 | 417 | 7.5% |
| Others | 6.6 | 6.5 | 9.6 | 7.6 | 4.8% |
| Total | 342 | 257 | 343 | 424 | 7.4% |
Top Export Markets for Compounded Rubber, Unvulcanised, in Primary Forms or in Plates, Sheets or Strip from Canada in 2022:
- United States (121.3K tons)
Imports of Compounded Rubber, Unvulcanised, in Primary Forms or in Plates, Sheets or Strip in Canada
In 2022, approx. 72K tons of compounded rubber, unvulcanised, in primary forms or in plates, sheets or strips were imported into Canada; dropping by -10% compared with 2021. In general, imports recorded a noticeable shrinkage. The pace of growth was the most pronounced in 2021 with an increase of 28% against the previous year.
In value terms, imports of compounded rubber, unvulcanised, in primary forms or in plates, sheets or strips fell to $247M in 2022. Over the period under review, imports showed a mild setback. The pace of growth appeared the most rapid in 2021 with an increase of 36% against the previous year.
| Import of Compounded Rubber, Unvulcanised, in Primary Forms or in Plates, Sheets or Strip in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 250 | 177 | 241 | 234 | -2.2% |
| Italy | 4.8 | 2.4 | 3.6 | 3.7 | -8.3% |
| Others | 7.2 | 6.1 | 7.3 | 9.1 | 8.1% |
| Total | 262 | 185 | 252 | 247 | -1.9% |
Top Suppliers of Compounded Rubber, Unvulcanised, in Primary Forms or in Plates, Sheets or Strip to Canada in 2022:
- United States (69.5K tons)
- Italy (0.8K tons)
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