Price for Compounded Rubber, Unvulcanised, in Primary Forms or in Plates, Sheets or Strip in New Zealand - 2024

Contents:

1. Price for Compounded Rubber, Unvulcanised, in Primary Forms or in Plates, Sheets or Strip in New Zealand (CIF) - 2024
2. Price for Compounded Rubber, Unvulcanised, in Primary Forms or in Plates, Sheets or Strip in New Zealand (FOB) - 2022
3. Imports of Compounded Rubber, Unvulcanised, in Primary Forms or in Plates, Sheets or Strip in New Zealand
4. Exports of Compounded Rubber, Unvulcanised, in Primary Forms or in Plates, Sheets or Strip in New Zealand

Price for Compounded Rubber, Unvulcanised, in Primary Forms or in Plates, Sheets or Strip in New Zealand (CIF) - 2024

The average import price for compounded rubber, unvulcanised, in primary forms or in plates, sheets or strips stood at $5,391 per ton in January 2024, growing by 4.2% against the previous month. Overall, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in June 2023 when the average import price increased by 42% against the previous month. As a result, import price reached the peak level of $5,927 per ton. From July 2023 to January 2024, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was the United States ($21,170 per ton), while the price for Canada ($2,980 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 Malaysia (+3.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Compounded Rubber, Unvulcanised, in Primary Forms or in Plates, Sheets or Strip in New Zealand (FOB) - 2022

In 2022, the average export price for compounded rubber, unvulcanised, in primary forms or in plates, sheets or strips amounted to $7,869 per ton, growing by 18% against the previous year. Overall, the export price posted a tangible expansion. The growth pace was the most rapid in 2017 when the average export price increased by 369%. As a result, the export price attained the peak level of $54,660 per ton. From 2018 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($209,000 per ton), while the average price for exports to Malaysia ($3,316 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese) (+189.5%), while the prices for the other major destinations experienced more modest paces of growth.

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

Imports of compounded rubber, unvulcanised, in primary forms or in plates, sheets or strips into New Zealand reduced dramatically to 1.1K tons in 2022, waning by -28.5% compared with the previous year. In general, imports saw a perceptible setback. The most prominent rate of growth was recorded in 2021 when imports increased by 38% against the previous year. As a result, imports reached the peak of 1.5K tons, and then contracted sharply in the following year.

In value terms, imports of compounded rubber, unvulcanised, in primary forms or in plates, sheets or strips declined to $5.5M in 2022. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 42% against the previous year. As a result, imports attained the peak of $6.2M, and then fell in the following year.

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

1. United Kingdom (336.7 tons)
2. China (200.3 tons)
3. Australia (154.0 tons)
4. United States (153.6 tons)
5. India (126.8 tons)
6. Italy (22.4 tons)
7. Malaysia (19.6 tons)
8. Singapore (18.4 tons)

Exports of Compounded Rubber, Unvulcanised, in Primary Forms or in Plates, Sheets or Strip in New Zealand

In 2022, shipments abroad of compounded rubber, unvulcanised, in primary forms or in plates, sheets or strips decreased by -30.1% to 6.1 tons, falling for the second year in a row after two years of growth. In general, exports, however, saw a significant expansion. The growth pace was the most rapid in 2020 when exports increased by 258%. As a result, the exports reached the peak of 11 tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of compounded rubber, unvulcanised, in primary forms or in plates, sheets or strips reduced notably to $48K in 2022. Over the period under review, exports, however, posted a resilient expansion. The pace of growth appeared the most rapid in 2020 when exports increased by 320% against the previous year. As a result, the exports reached the peak of $125K. From 2021 to 2022, the growth of the exports of failed to regain momentum.

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

1. Australia (2499.0 kg)
2. Malaysia (1380.0 kg)
3. Poland (556.0 kg)
4. Cook Islands (396.0 kg)
5. Fiji (370.0 kg)
6. Tonga (256.0 kg)

Source: IndexBox Market Intelligence Platform