Price for Compounded Rubber, Unvulcanised, in Primary Forms or in Plates, Sheets or Strip in Ethiopia - 2022

Contents:

  1. Price for Compounded Rubber, Unvulcanised, in Primary Forms or in Plates, Sheets or Strip in Ethiopia (CIF) - 2022
  2. Imports of Compounded Rubber, Unvulcanised, in Primary Forms or in Plates, Sheets or Strip in Ethiopia

Price for Compounded Rubber, Unvulcanised, in Primary Forms or in Plates, Sheets or Strip in Ethiopia (CIF) - 2022

The average import price for compounded rubber, unvulcanised, in primary forms or in plates, sheets or strips stood at $2,495 per ton in 2022, picking up by 8.7% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the average import price increased by 12% against the previous year. As a result, import price attained the peak level of $2,951 per ton. From 2015 to 2022, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($5,927 per ton), while the price for China ($2,221 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+9.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Imports of Compounded Rubber, Unvulcanised, in Primary Forms or in Plates, Sheets or Strip in Ethiopia

In 2022, supplies from abroad of compounded rubber, unvulcanised, in primary forms or in plates, sheets or strips decreased by -25.8% to 898 tons for the first time since 2018, thus ending a three-year rising trend. Overall, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when imports increased by 33% against the previous year.

In value terms, imports of compounded rubber, unvulcanised, in primary forms or in plates, sheets or strips fell notably to $2.2M in 2022. The total import value increased at an average annual rate of +3.8% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 when imports increased by 29%.

Import of Compounded Rubber, Unvulcanised, in Primary Forms or in Plates, Sheets or Strip in Ethiopia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
China6379621,0461,01616.8%
Italy17032924954047.0%
Pakistan18733449139628.4%
South Korea274244205175-13.9%
India2.03.56.094.7261.8%
Vietnam174201225N/A13.7%
Others56151755618.9-67.7%
Total2,0052,5902,7782,2413.8%

Top Suppliers of Compounded Rubber, Unvulcanised, in Primary Forms or in Plates, Sheets or Strip to Ethiopia in 2022:

  1. China (457.2 tons)
  2. Italy (190.2 tons)
  3. Pakistan (156.0 tons)
  4. South Korea (50.4 tons)
  5. India (16.0 tons)

Source: IndexBox Market Intelligence Platform

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