Price for Rubber; Natural (Excluding Latex), in Smoked Sheets in the United States - 2023
Contents:
- Price for Rubber; Natural (Excluding Latex), in Smoked Sheets in the United States (CIF) - 2023
- Price for Rubber; Natural (Excluding Latex), in Smoked Sheets in the United States (FOB) - 2023
- Imports of Rubber; Natural (Excluding Latex), in Smoked Sheets in the United States
- Exports of Rubber; Natural (Excluding Latex), in Smoked Sheets in the United States
Price for Rubber; Natural (Excluding Latex), in Smoked Sheets in the United States (CIF) - 2023
The average import price for rubber; natural (excluding latex), in smoked sheetses stood at $1,661 per ton in December 2023, increasing by 4.3% against the previous month. Over the period under review, the import price saw a relatively flat trend pattern. The import price peaked at $1,670 per ton in July 2023; afterwards, it flattened through to December 2023.
Average prices varied noticeably amongst the major supplying countries. In December 2023, the countries with the highest prices were Indonesia ($1,841 per ton) and Thailand ($1,684 per ton), while the price for Vietnam ($1,554 per ton) and Cote d'Ivoire ($1,565 per ton) were amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Indonesia (+0.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Rubber; Natural (Excluding Latex), in Smoked Sheets in the United States (FOB) - 2023
In December 2023, the average export price for rubber; natural (excluding latex), in smoked sheetses amounted to $2,434 per ton, growing by 4.2% against the previous month. Overall, the export price, however, recorded a noticeable slump. The growth pace was the most rapid in April 2023 an increase of 38% m-o-m. Over the period under review, the average export prices hit record highs at $3,259 per ton in December 2022; however, from January 2023 to December 2023, the export prices stood at a somewhat lower figure.
Average prices varied somewhat for the major external markets. In December 2023, the country with the highest price was Canada ($2,908 per ton), while the average price for exports to Mexico totaled $2,313 per ton.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+8.2%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Rubber; Natural (Excluding Latex), in Smoked Sheets in the United States
In 2022, imports of rubber; natural (excluding latex), in smoked sheetses into the United States expanded notably to 118K tons, growing by 8.8% on 2021. The total import volume increased at an average annual rate of +1.4% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 26% against the previous year. Over the period under review, imports of reached the maximum in 2022 and are expected to retain growth in the near future.
In value terms, imports of rubber; natural (excluding latex), in smoked sheetses expanded to $258M in 2022. Over the period under review, total imports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +6.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +83.7% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 77%. Imports peaked in 2022 and are likely to see steady growth in the near future.
| Import of Rubber; Natural (Excluding Latex), in Smoked Sheets in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 147 | 93.7 | 161 | 154 | 1.6% |
| Cote d'Ivoire | 27.9 | 18.7 | 25.7 | 38.1 | 10.9% |
| Indonesia | 19.4 | 15.4 | 30.5 | 29.2 | 14.6% |
| Vietnam | 9.8 | 6.8 | 10.5 | 9.6 | -0.7% |
| Ghana | 0.7 | 1.3 | 2.3 | 5.5 | 98.8% |
| Singapore | N/A | N/A | 4.3 | 5.1 | 18.6% |
| Malaysia | N/A | N/A | 4.5 | 4.6 | 2.2% |
| Others | 6.2 | 4.3 | 9.0 | 11.9 | 24.3% |
| Total | 211 | 140 | 248 | 258 | 6.9% |
Top Suppliers of Rubber; Natural (Excluding Latex), in Smoked Sheets to the United States in 2022:
- Thailand (68.9K tons)
- Cote d'Ivoire (18.6K tons)
- Indonesia (12.5K tons)
- Vietnam (5.1K tons)
- Ghana (2.9K tons)
- Singapore (2.3K tons)
- Malaysia (2.2K tons)
Exports of Rubber; Natural (Excluding Latex), in Smoked Sheets in the United States
In 2022, approx. 3.3K tons of rubber; natural (excluding latex), in smoked sheetses were exported from the United States; picking up by 5.2% on 2021 figures. In general, exports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 111%. Over the period under review, the exports of hit record highs in 2022 and are likely to see steady growth in years to come.
In value terms, exports of rubber; natural (excluding latex), in smoked sheetses rose markedly to $10M in 2022. Over the period under review, exports showed significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 143% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.
| Export of Rubber; Natural (Excluding Latex), in Smoked Sheets in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mexico | 2.1 | 2.6 | 5.2 | 6.9 | 48.7% |
| Canada | 0.1 | N/A | 2.7 | 2.8 | 203.7% |
| Others | 1.4 | 1.1 | 1.2 | 0.3 | -40.2% |
| Total | 3.6 | 3.8 | 9.2 | 10.0 | 40.6% |
Top Export Markets for Rubber; Natural (Excluding Latex), in Smoked Sheets from the United States in 2022:
- Mexico (2.1K tons)
- Canada (1.2K tons)
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