Price for Compounded Rubber, Unvulcanised, in Primary Forms or in Plates, Sheets or Strip in South Africa - 2024

Contents:

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

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

In 2022, the average import price for compounded rubber, unvulcanised, in primary forms or in plates, sheets or strips amounted to $4,000 per ton, picking up by 23% against the previous year. In general, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 an increase of 25% against the previous year. The import price peaked in 2022 and is expected to retain growth in the immediate term.

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 Sweden ($24,773 per ton), while the price for China ($1,903 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (+21.4%), 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 South Africa (FOB) - 2022

The average export price for compounded rubber, unvulcanised, in primary forms or in plates, sheets or strips stood at $2,873 per ton in 2022, surging by 3% against the previous year. Over the period under review, the export price, however, continues to indicate a perceptible contraction. The pace of growth appeared the most rapid in 2016 when the average export price increased by 47% against the previous year. Over the period under review, the average export prices reached the maximum at $3,572 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Tanzania ($13,569 per ton), while the average price for exports to India ($449 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 Vietnam (+32.6%), 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 South Africa

In 2022, approx. 3.1K tons of compounded rubber, unvulcanised, in primary forms or in plates, sheets or strips were imported into South Africa; increasing by 3.2% compared with the previous year. Overall, imports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by 24%.

In value terms, imports of compounded rubber, unvulcanised, in primary forms or in plates, sheets or strips skyrocketed to $12M in 2022. In general, total imports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +12.9% 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 +84.4% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 46% against the previous year. Over the period under review, imports of hit record highs 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 South Africa in 2022:

1. India (1348.5 tons)
2. United States (395.7 tons)
3. United Kingdom (322.9 tons)
4. China (280.2 tons)
5. Italy (227.9 tons)
6. Germany (126.5 tons)
7. Brazil (110.1 tons)

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

In 2022, overseas shipments of compounded rubber, unvulcanised, in primary forms or in plates, sheets or strips decreased by -24.3% to 2.5K tons for the first time since 2018, thus ending a three-year rising trend. The total export volume increased at an average annual rate of +2.9% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 with an increase of 26%.

In value terms, exports of compounded rubber, unvulcanised, in primary forms or in plates, sheets or strips declined dramatically to $7.3M in 2022. Overall, exports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when exports increased by 32% against the previous year. As a result, the exports reached the peak of $9.3M, and then reduced remarkably in the following year.

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

1. India (488.4 tons)
2. Mexico (406.6 tons)
3. Zimbabwe (401.5 tons)
4. Namibia (151.2 tons)
5. Kenya (133.7 tons)
6. Turkey (111.2 tons)
7. Swaziland (102.1 tons)
8. Zambia (80.0 tons)
9. Tanzania (32.3 tons)
10. Mozambique (27.5 tons)
11. Australia (21.1 tons)
12. Madagascar (19.5 tons)

Source: IndexBox Market Intelligence Platform