Price for Compounded Rubber, Unvulcanised, in Primary Forms or in Plates, Sheets or Strip in the UK - 2024

Contents:

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

Price for Compounded Rubber, Unvulcanised, in Primary Forms or in Plates, Sheets or Strip in the UK (FOB) - 2024

In December 2023, the average export price for compounded rubber, unvulcanised, in primary forms or in plates, sheets or strips amounted to $3,325 per ton, which is down by -11.9% against the previous month. In general, the export price showed a relatively flat trend pattern. The growth pace was the most rapid in February 2023 an increase of 11% m-o-m. The export price peaked at $4,247 per ton in July 2023; however, from August 2023 to December 2023, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In December 2023, the country with the highest price was France ($8,309 per ton), while the average price for exports to Belgium ($2,753 per ton) was amongst the lowest.

From January 2023 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to France (+8.9%), while the prices for the other major destinations experienced more modest paces of growth.

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

The average import price for compounded rubber, unvulcanised, in primary forms or in plates, sheets or strips stood at $4,900 per ton in December 2023, remaining stable against the previous month. Overall, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in November 2023 when the average import price increased by 21% m-o-m. Over the period under review, average import prices reached the maximum at $5,020 per ton in July 2023; however, from August 2023 to December 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In December 2023, the country with the highest price was Poland ($12,471 per ton), while the price for Brazil ($2,436 per ton) was amongst the lowest.

From January 2023 to December 2023, the most notable rate of growth in terms of prices was attained by Italy (+5.4%), 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 the UK

Exports of compounded rubber, unvulcanised, in primary forms or in plates, sheets or strips from the UK reduced remarkably to 63K tons in 2022, which is down by -19.1% compared with the previous year's figure. Overall, exports saw a mild reduction. The most prominent rate of growth was recorded in 2021 with an increase of 42% against the previous year. As a result, the exports attained the peak of 78K tons, and then dropped sharply in the following year.

In value terms, exports of compounded rubber, unvulcanised, in primary forms or in plates, sheets or strips shrank rapidly to $202M in 2022. Over the period under review, exports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when exports increased by 42%. As a result, the exports attained the peak of $240M, and then shrank sharply in the following year.

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

1. Belgium (45.2K tons)
2. Italy (3.0K tons)
3. Germany (2.4K tons)
4. France (1.8K tons)
5. Poland (1.3K tons)
6. China (1.3K tons)
7. India (1.0K tons)
8. Ireland (1.0K tons)

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

In 2022, the amount of compounded rubber, unvulcanised, in primary forms or in plates, sheets or strips imported into the UK dropped to 21K tons, waning by -12.1% against the previous year's figure. In general, imports saw a dramatic downturn. The growth pace was the most rapid in 2021 when imports increased by 16% against the previous year.

In value terms, imports of compounded rubber, unvulcanised, in primary forms or in plates, sheets or strips dropped modestly to $86M in 2022. Overall, imports recorded a abrupt shrinkage. The pace of growth was the most pronounced in 2021 when imports increased by 24% against the previous year.

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

1. Germany (8.4K tons)
2. Italy (2.0K tons)
3. France (2.0K tons)
4. Netherlands (1.9K tons)
5. United States (1.9K tons)
6. Brazil (1.3K tons)
7. China (0.7K tons)
8. India (0.6K tons)
9. South Korea (0.6K tons)
10. Spain (0.6K tons)
11. Austria (0.5K tons)
12. Belgium (0.4K tons)
13. Turkey (0.3K tons)

Source: IndexBox Market Intelligence Platform