Price for Compounded Rubber, Unvulcanised, in Primary Forms or in Plates, Sheets or Strip in Lithuania - 2023

Contents:

1. Price for Compounded Rubber, Unvulcanised, in Primary Forms or in Plates, Sheets or Strip in Lithuania (FOB) - 2023
2. Price for Compounded Rubber, Unvulcanised, in Primary Forms or in Plates, Sheets or Strip in Lithuania (CIF) - 2022
3. Exports of Compounded Rubber, Unvulcanised, in Primary Forms or in Plates, Sheets or Strip in Lithuania
4. Imports of Compounded Rubber, Unvulcanised, in Primary Forms or in Plates, Sheets or Strip in Lithuania

Price for Compounded Rubber, Unvulcanised, in Primary Forms or in Plates, Sheets or Strip in Lithuania (FOB) - 2023

The average export price for compounded rubber, unvulcanised, in primary forms or in plates, sheets or strips stood at $2,936 per ton in December 2023, growing by 6.6% against the previous month. In general, the export price, however, showed a mild shrinkage. The growth pace was the most rapid in July 2023 when the average export price increased by 8.1% month-to-month. Over the period under review, the average export prices hit record highs at $3,513 per ton in December 2022; however, from January 2023 to December 2023, the export prices failed to regain momentum.

Average prices varied somewhat for the major export markets. In December 2023, the highest price was recorded for prices to Belarus ($4,002 per ton) and India ($2,825 per ton), while the average price for exports to Mexico ($2,679 per ton) and Peru ($2,690 per ton) were amongst the lowest.

From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to Belarus (-0.9%), while the prices for the other major destinations experienced a decline.

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

In 2022, the average import price for compounded rubber, unvulcanised, in primary forms or in plates, sheets or strips amounted to $5,069 per ton, growing by 7.2% against the previous year. Over the period under review, the import price, however, saw a perceptible decline. The growth pace was the most rapid in 2018 when the average import price increased by 33%. The import price peaked at $9,814 per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

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 Slovakia ($7,556 per ton), while the price for Poland ($1,958 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hungary (+25.3%), 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 Lithuania

In 2022, the amount of compounded rubber, unvulcanised, in primary forms or in plates, sheets or strips exported from Lithuania surged to 9.7K tons, growing by 126% on the year before. In general, exports posted significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 1,601%. The exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, exports of compounded rubber, unvulcanised, in primary forms or in plates, sheets or strips soared to $30M in 2022. Over the period under review, exports continue to indicate a significant increase. The pace of growth appeared the most rapid in 2021 when exports increased by 489% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the near future.

Top Export Markets for Compounded Rubber, Unvulcanised, in Primary Forms or in Plates, Sheets or Strip from Lithuania in 2022:

1. Mexico (3.6K tons)
2. Chile (2.1K tons)
3. Australia (1.0K tons)
4. Peru (0.9K tons)
5. India (0.7K tons)
6. Brazil (0.5K tons)
7. Belarus (0.4K tons)
8. Russia (0.2K tons)

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

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 -15.3% to 1.4K tons. Overall, total imports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +13.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +46.8% against 2019 indices. The pace of growth appeared the most rapid in 2020 with an increase of 34%.

In value terms, imports of compounded rubber, unvulcanised, in primary forms or in plates, sheets or strips shrank to $6.9M in 2022. The total import value increased at an average annual rate of +9.6% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 23% against the previous year.

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

1. Italy (440.6 tons)
2. Sweden (357.9 tons)
3. Poland (264.0 tons)
4. Germany (98.0 tons)
5. Latvia (45.1 tons)
6. Slovakia (37.6 tons)
7. Estonia (26.6 tons)
8. Turkey (5.2 tons)

Source: IndexBox Market Intelligence Platform