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

Contents:

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

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

The average import price for compounded rubber, unvulcanised, in primary forms or in plates, sheets or strips stood at $1,136 per ton in July 2023, shrinking by -8.1% against the previous month. Overall, import price indicated moderate growth from August 2022 to July 2023: its price increased at an average monthly rate of +2.0% over the last eleven-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on July 2023 figures, import price for compounded rubber, unvulcanised, in primary forms or in plates, sheets or strips decreased by -27.8% against April 2023 indices. The pace of growth appeared the most rapid in September 2022 when the average import price increased by 107% m-o-m. The import price peaked at $2,114 per ton in October 2022; however, from November 2022 to July 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was Turkey ($3,188 per ton), while the price for China ($869 per ton) was amongst the lowest.

From August 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Thailand (+24.7%), 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 Pakistan (FOB) - 2022

In 2022, the average export price for compounded rubber, unvulcanised, in primary forms or in plates, sheets or strips amounted to $220 per ton, shrinking by -39.7% against the previous year. Over the period under review, the export price recorded a abrupt downturn. The most prominent rate of growth was recorded in 2018 an increase of 91%. As a result, the export price attained the peak level of $3,755 per ton. From 2019 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Saudi Arabia ($1,206 per ton), while the average price for exports to Afghanistan ($649 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 the UK (+24.3%), 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 Pakistan

In 2022, imports of compounded rubber, unvulcanised, in primary forms or in plates, sheets or strips into Pakistan soared to 8.7K tons, increasing by 80% compared with the year before. Over the period under review, imports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 174% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.

In value terms, imports of compounded rubber, unvulcanised, in primary forms or in plates, sheets or strips surged to $8.4M in 2022. Overall, imports enjoyed a prominent increase. The growth pace was the most rapid in 2021 when imports increased by 54%. Imports peaked in 2022 and are expected to retain growth in years to come.

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

1. China (5.1K tons)
2. Italy (2.1K tons)
3. Thailand (0.4K tons)
4. Turkey (0.3K tons)

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

In 2022, approx. 21 tons of compounded rubber, unvulcanised, in primary forms or in plates, sheets or strips were exported from Pakistan; picking up by 416% compared with the previous year's figure. Over the period under review, exports enjoyed significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 2,418% against the previous year. As a result, the exports attained the peak of 22 tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of compounded rubber, unvulcanised, in primary forms or in plates, sheets or strips surged to $4.6K in 2022. In general, exports posted significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 1,650% against the previous year. As a result, the exports reached the peak of $37K. From 2021 to 2022, the growth of the exports of remained at a lower figure.

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

1. Afghanistan (4.8 tons)
2. Saudi Arabia (0.8 tons)
3. Sri Lanka (0.5 tons)

Source: IndexBox Market Intelligence Platform