Price for Rubber Thread and Cord; Textile Covered in Chile - 2024
Contents:
- Price for Rubber Thread and Cord; Textile Covered in Chile (CIF) - 2024
- Price for Rubber Thread and Cord; Textile Covered in Chile (FOB) - 2022
- Imports of Rubber Thread and Cord; Textile Covered in Chile
- Exports of Rubber Thread and Cord; Textile Covered in Chile
Price for Rubber Thread and Cord; Textile Covered in Chile (CIF) - 2024
The average import price for rubber thread and cord; textile covereds stood at $2,700 per ton in April 2024, shrinking by -25.8% against the previous month. Overall, the import price continues to indicate a perceptible downturn. The most prominent rate of growth was recorded in May 2023 when the average import price increased by 43% against the previous month. As a result, import price reached the peak level of $6,261 per ton. From June 2023 to April 2024, the average import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for China.
From April 2023 to April 2024, the rate of growth in terms of prices for China amounted to -3.9% per month.
Price for Rubber Thread and Cord; Textile Covered in Chile (FOB) - 2022
In 2022, the average export price for rubber thread and cord; textile covereds amounted to $2,410 per ton, which is down by -57.4% against the previous year. In general, the export price recorded a abrupt slump. The most prominent rate of growth was recorded in 2018 a decrease of -4.2% against the previous year. Over the period under review, the average export prices attained the maximum at $12,472 per ton in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Argentina ($8,646 per ton), while the average price for exports to Peru ($315 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 Ecuador (+53.0%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Rubber Thread and Cord; Textile Covered in Chile
In 2022, the amount of rubber thread and cord; textile covereds imported into Chile contracted markedly to 260 tons, with a decrease of -48.5% on 2021. In general, imports continue to indicate a abrupt downturn. The pace of growth appeared the most rapid in 2021 when imports increased by 34%. As a result, imports reached the peak of 505 tons, and then declined rapidly in the following year.
In value terms, imports of rubber thread and cord; textile covereds dropped dramatically to $1.2M in 2022. Over the period under review, imports, however, enjoyed a temperate increase. The growth pace was the most rapid in 2020 when imports increased by 84% against the previous year.
| Import of Rubber Thread and Cord; Textile Covered in Chile (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 928 | 1,442 | 1,807 | 1,031 | 3.6% |
| Italy | N/A | 73.1 | 345 | 113 | 24.3% |
| Others | 193 | 543 | 90.8 | 91.9 | -21.9% |
| Total | 1,121 | 2,058 | 2,243 | 1,236 | 3.3% |
Top Suppliers of Rubber Thread and Cord; Textile Covered to Chile in 2022:
- China (244.7 tons)
- Italy (11.9 tons)
Exports of Rubber Thread and Cord; Textile Covered in Chile
For the fourth year in a row, Chile recorded growth in overseas shipments of rubber thread and cord; textile covereds, which increased by 154% to 22 tons in 2022. Overall, exports recorded a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 179% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.
In value terms, exports of rubber thread and cord; textile covereds rose significantly to $53K in 2022. In general, exports enjoyed a significant expansion. The growth pace was the most rapid in 2021 with an increase of 135% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are likely to see steady growth in the immediate term.
| Export of Rubber Thread and Cord; Textile Covered in Chile (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mexico | N/A | N/A | N/A | 21.6 | 0% |
| Argentina | N/A | 14.6 | 30.5 | 16.9 | 7.6% |
| Paraguay | 1.5 | N/A | N/A | 7.2 | 68.7% |
| Peru | N/A | N/A | 0.8 | 4.5 | 462.5% |
| Bolivia | 7.1 | 1.9 | 15.7 | 1.6 | -39.1% |
| Ecuador | 7.0 | 4.1 | N/A | N/A | -41.4% |
| Others | 0.1 | 0.1 | 1.6 | 0.7 | 91.3% |
| Total | 15.7 | 20.7 | 48.6 | 52.5 | 49.5% |
Top Export Markets for Rubber Thread and Cord; Textile Covered from Chile in 2022:
- Peru (14.3 tons)
- Mexico (3.3 tons)
- Argentina (2.0 tons)
- Paraguay (1.8 tons)
- Bolivia (0.3 tons)
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