Price for Rubber Thread and Cord; Textile Covered in Angola - 2022

Contents:

1. Price for Rubber Thread and Cord; Textile Covered in Angola (CIF) - 2022
2. Price for Rubber Thread and Cord; Textile Covered in Angola (FOB) - 2022
3. Imports of Rubber Thread and Cord; Textile Covered in Angola
4. Exports of Rubber Thread and Cord; Textile Covered in Angola

Price for Rubber Thread and Cord; Textile Covered in Angola (CIF) - 2022

In 2022, the average import price for rubber thread and cord; textile covereds amounted to $4,246 per ton, approximately reflecting the previous year. In general, import price indicated notable growth from 2012 to 2022: its price increased at an average annual rate of +2.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for rubber thread and cord; textile covereds increased by +14.0% against 2019 indices. The pace of growth was the most pronounced in 2015 an increase of 53%. Over the period under review, average import prices hit record highs at $4,379 per ton in 2016; however, from 2017 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Portugal ($9,238 per ton), while the price for South Africa ($2,471 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Portugal (+8.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Rubber Thread and Cord; Textile Covered in Angola (FOB) - 2022

The average export price for rubber thread and cord; textile covereds stood at $10,442 per ton in 2022, with an increase of 4.2% against the previous year. Over the period under review, the export price continues to indicate a moderate expansion. The pace of growth appeared the most rapid in 2014 an increase of 549%. As a result, the export price attained the peak level of $48,214 per ton. From 2015 to 2022, the average export prices remained at a somewhat 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 Namibia ($5,902 per ton), while the average price for exports to Democratic Republic of the Congo stood at $3,462 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Congo (+36.4%), while the prices for the other major destinations experienced a decline.

Imports of Rubber Thread and Cord; Textile Covered in Angola

After three years of growth, overseas purchases of rubber thread and cord; textile covereds decreased by -7.3% to 84 tons in 2022. In general, imports, however, posted a significant expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 101%.

In value terms, imports of rubber thread and cord; textile covereds dropped to $358K in 2022. Overall, imports, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 117% against the previous year.

Top Suppliers of Rubber Thread and Cord; Textile Covered to Angola in 2022:

1. China (80.1 tons)
2. Portugal (3.0 tons)

Exports of Rubber Thread and Cord; Textile Covered in Angola

For the fourth year in a row, Angola recorded growth in overseas shipments of rubber thread and cord; textile covereds, which increased by 28% to 147 kg in 2022. Overall, exports posted a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 335%. Over the period under review, the exports of reached the peak figure in 2022 and are likely to continue growth in the near future.

In value terms, exports of rubber thread and cord; textile covereds surged to $1.5K in 2022. In general, exports enjoyed significant growth. The pace of growth was the most pronounced in 2020 when exports increased by 811% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are likely to see gradual growth in the immediate term.

Top Export Markets for Rubber Thread and Cord; Textile Covered from Angola in 2022:

1. Namibia (132.0 kg)
2. Democratic Republic of the Congo (13.0 kg)

Source: IndexBox Market Intelligence Platform