Price for Rubber Thread and Cord; Textile Covered in Finland - 2024

Contents:

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

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

In 2022, the average import price for rubber thread and cord; textile covereds amounted to $12,057 per ton, picking up by 5.7% against the previous year. Over the last decade, it increased at an average annual rate of +3.0%. The most prominent rate of growth was recorded in 2016 an increase of 37% against the previous year. As a result, import price reached the peak level of $15,326 per ton. From 2017 to 2022, the average import prices remained at a somewhat lower figure.

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 Italy ($20,626 per ton), while the price for Taiwan (Chinese) ($6,277 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+9.3%), while the prices for the other major suppliers experienced more modest paces of growth.

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

The average export price for rubber thread and cord; textile covereds stood at $23,290 per ton in 2022, with an increase of 5.4% against the previous year. In general, the export price, however, saw a pronounced reduction. The pace of growth was the most pronounced in 2016 an increase of 62%. The export price peaked at $36,655 per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Canada ($84,095 per ton), while the average price for exports to Russia ($9,919 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 Canada (+7.3%), while the prices for the other major destinations experienced a decline.

Imports of Rubber Thread and Cord; Textile Covered in Finland

After three years of growth, purchases abroad of rubber thread and cord; textile covereds decreased by -20.5% to 30 tons in 2022. In general, total imports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +13.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +47.0% against 2019 indices. The pace of growth was the most pronounced in 2021 when imports increased by 54%. As a result, imports attained the peak of 38 tons, and then dropped notably in the following year.

In value terms, imports of rubber thread and cord; textile covereds fell sharply to $362K in 2022. Over the period under review, total imports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +12.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +42.6% against 2019 indices. The pace of growth appeared the most rapid in 2021 with an increase of 42%. As a result, imports attained the peak of $431K, and then declined markedly in the following year.

Import of Rubber Thread and Cord; Textile Covered in Finland (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Denmark2.517.224.275.0210.7%
Germany21.870.474.447.829.9%
China46.183.019242.0-3.1%
Sweden13.523.835.237.540.6%
Netherlands11.420.026.730.939.4%
BelgiumN/A3.58.930.9197.1%
TurkeyN/A12.927.021.629.4%
Lithuania6.419.410.718.542.5%
Taiwan (Chinese)27.514.68.717.8-13.5%
Italy62.121.910.616.7-35.5%
VietnamN/AN/A3.011.0266.7%
Others62.115.89.411.8-42.5%
Total25330243136212.7%

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

  1. China (4.9 tons)
  2. Denmark (4.3 tons)
  3. Netherlands (4.1 tons)
  4. Belgium (3.2 tons)
  5. Germany (2.9 tons)
  6. Taiwan (Chinese) (2.8 tons)
  7. Sweden (2.5 tons)
  8. Lithuania (1.7 tons)
  9. Vietnam (1.2 tons)
  10. Turkey (1.1 tons)
  11. Italy (0.8 tons)

Exports of Rubber Thread and Cord; Textile Covered in Finland

For the fourth consecutive year, Finland recorded growth in overseas shipments of rubber thread and cord; textile covereds, which increased by 50% to 7.3 tons in 2022. Over the period under review, exports continue to indicate a significant increase. The growth pace was the most rapid in 2021 with an increase of 71%. The exports peaked in 2022 and are likely to see gradual growth in years to come.

In value terms, exports of rubber thread and cord; textile covereds skyrocketed to $169K in 2022. Overall, exports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 88% against the previous year. Over the period under review, the exports of attained the maximum in 2022 and are likely to see gradual growth in years to come.

Export of Rubber Thread and Cord; Textile Covered in Finland (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
United StatesN/A0.138.358.02308.3%
Russia16.812.121.944.137.9%
CanadaN/AN/A8.016.9111.2%
Denmark7.25.48.59.911.2%
Estonia5.25.17.16.99.9%
Poland0.51.54.64.9114.0%
Norway4.94.47.33.8-8.1%
Lithuania1.43.02.93.738.3%
Sweden1.45.64.92.521.3%
Others11.819.63.718.416.0%
Total49.257.010716950.9%

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

  1. Russia (4442.0 kg)
  2. United States (1176.0 kg)
  3. Estonia (302.0 kg)
  4. Poland (295.0 kg)
  5. Canada (201.0 kg)
  6. Lithuania (196.0 kg)
  7. Sweden (140.0 kg)
  8. Denmark (133.0 kg)
  9. Norway (48.0 kg)

Source: IndexBox Market Intelligence Platform

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