Price for Rubber Thread and Cord; Textile Covered in China - 2024
Contents:
- Price for Rubber Thread and Cord; Textile Covered in China (FOB) - 2024
- Price for Rubber Thread and Cord; Textile Covered in China (CIF) - 2022
- Exports of Rubber Thread and Cord; Textile Covered in China
- Imports of Rubber Thread and Cord; Textile Covered in China
Price for Rubber Thread and Cord; Textile Covered in China (FOB) - 2024
The average export price for rubber thread and cord; textile covereds stood at $5,489 per ton in May 2024, waning by -4.2% against the previous month. Over the period under review, the export price saw a relatively flat trend pattern. The pace of growth was the most pronounced in March 2024 when the average export price increased by 20% against the previous month. As a result, the export price attained the peak level of $6,992 per ton. From April 2024 to May 2024, the the average export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was Vietnam ($6,878 per ton), while the average price for exports to Uzbekistan ($2,511 per ton) was amongst the lowest.
From May 2023 to May 2024, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+0.4%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Rubber Thread and Cord; Textile Covered in China (CIF) - 2022
In 2022, the average import price for rubber thread and cord; textile covereds amounted to $13,569 per ton, jumping by 19% against the previous year. Over the period under review, import price indicated a modest expansion from 2012 to 2022: its price increased at an average annual rate of +1.8% 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 decreased by -16.6% against 2017 indices. The pace of growth appeared the most rapid in 2017 when the average import price increased by 62%. As a result, import price attained the peak level of $16,274 per ton. From 2018 to 2022, the average import prices failed to regain momentum.
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 the United States ($33,978 per ton), while the price for Vietnam ($4,769 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+12.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Rubber Thread and Cord; Textile Covered in China
In 2022, overseas shipments of rubber thread and cord; textile covereds decreased by -9.4% to 61K tons, falling for the second consecutive year after two years of growth. The total export volume increased at an average annual rate of +1.0% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2020 with an increase of 17%. As a result, the exports attained the peak of 69K tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.
In value terms, exports of rubber thread and cord; textile covereds declined slightly to $380M in 2022. The total export value increased at an average annual rate of +2.8% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 when exports increased by 20% against the previous year. As a result, the exports reached the peak of $420M. From 2021 to 2022, the growth of the exports of failed to regain momentum.
| Export of Rubber Thread and Cord; Textile Covered in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 33.9 | 48.0 | 44.0 | 48.7 | 12.8% |
| Vietnam | 20.3 | 30.8 | 36.0 | 31.8 | 16.1% |
| Hong Kong SAR | 25.2 | 19.7 | 26.7 | 18.4 | -10.0% |
| Cambodia | 10.4 | 8.4 | 12.1 | 13.5 | 9.1% |
| Bangladesh | 8.6 | 9.8 | 13.8 | 13.2 | 15.4% |
| Myanmar | 6.3 | 7.0 | 9.2 | 12.4 | 25.3% |
| Philippines | 95.4 | 85.8 | 21.9 | 10.5 | -52.1% |
| Mexico | 5.2 | 7.1 | 7.8 | 9.1 | 20.5% |
| United Kingdom | 6.9 | 8.2 | 9.7 | 9.1 | 9.7% |
| Indonesia | 4.9 | 7.1 | 8.8 | 8.6 | 20.6% |
| Russia | 6.4 | 8.7 | 8.7 | 8.6 | 10.4% |
| Kyrgyzstan | 4.2 | 3.2 | 2.2 | 8.0 | 24.0% |
| Germany | 3.7 | 7.3 | 8.3 | 7.0 | 23.7% |
| Others | 118 | 169 | 185 | 182 | 15.5% |
| Total | 350 | 420 | 394 | 380 | 2.8% |
Top Export Markets for Rubber Thread and Cord; Textile Covered from China in 2022:
- United States (8.1K tons)
- Vietnam (4.2K tons)
- Russia (2.1K tons)
- Mexico (2.0K tons)
- Bangladesh (1.8K tons)
- Cambodia (1.7K tons)
- Myanmar (1.6K tons)
- Indonesia (1.6K tons)
- Hong Kong SAR (1.6K tons)
- Kyrgyzstan (1.5K tons)
- Philippines (1.3K tons)
- Germany (1.3K tons)
- United Kingdom (1.2K tons)
Imports of Rubber Thread and Cord; Textile Covered in China
In 2022, the amount of rubber thread and cord; textile covereds imported into China declined notably to 436 tons, waning by -35.8% against 2021. Over the period under review, imports saw a mild decrease. The most prominent rate of growth was recorded in 2021 with an increase of 54%. As a result, imports reached the peak of 680 tons, and then shrank dramatically in the following year.
In value terms, imports of rubber thread and cord; textile covereds contracted significantly to $5.9M in 2022. In general, imports showed a perceptible setback. The growth pace was the most rapid in 2021 when imports increased by 21%. As a result, imports attained the peak of $7.8M, and then shrank sharply in the following year.
| Import of Rubber Thread and Cord; Textile Covered in China (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Taiwan (Chinese) | 2,900 | 2,214 | 2,101 | 1,544 | -19.0% |
| Japan | 1,230 | 967 | 964 | 1,046 | -5.3% |
| Vietnam | 85.3 | 130 | 775 | 646 | 96.4% |
| South Korea | 353 | 290 | 524 | 364 | 1.0% |
| United States | 522 | 521 | 546 | 295 | -17.3% |
| Thailand | 221 | 211 | 328 | 187 | -5.4% |
| Malaysia | 309 | 233 | 321 | 75.7 | -37.4% |
| Others | 1,202 | 1,831 | 2,205 | 1,764 | 13.6% |
| Total | 6,823 | 6,398 | 7,763 | 5,922 | -4.6% |
Top Suppliers of Rubber Thread and Cord; Textile Covered to China in 2022:
- Vietnam (135.4 tons)
- Taiwan (Chinese) (66.0 tons)
- South Korea (55.0 tons)
- Japan (42.0 tons)
- Thailand (31.2 tons)
- Malaysia (15.0 tons)
- United States (8.7 tons)
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