Price for Rubber Thread and Cord; Textile Covered in India - 2024
Contents:
- Price for Rubber Thread and Cord; Textile Covered in India (CIF) - 2022
- Price for Rubber Thread and Cord; Textile Covered in India (FOB) - 2022
- Imports of Rubber Thread and Cord; Textile Covered in India
- Exports of Rubber Thread and Cord; Textile Covered in India
Price for Rubber Thread and Cord; Textile Covered in India (CIF) - 2022
In 2022, the average import price for rubber thread and cord; textile covereds amounted to $5,717 per ton, dropping by -16.6% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.1%. The most prominent rate of growth was recorded in 2013 an increase of 16%. Over the period under review, average import prices attained the maximum at $6,855 per ton in 2021, and then declined notably in the following year.
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 Taiwan (Chinese) ($11,780 per ton), while the price for China ($4,129 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) (+10.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Rubber Thread and Cord; Textile Covered in India (FOB) - 2022
In 2022, the average export price for rubber thread and cord; textile covereds amounted to $4,718 per ton, picking up by 38% against the previous year. In general, export price indicated a moderate expansion from 2012 to 2022: its price increased at an average annual rate of +2.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the average export prices reached the maximum at $5,712 per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.
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 France ($13,000 per ton), while the average price for exports to Germany ($1,917 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 France (+14.7%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Rubber Thread and Cord; Textile Covered in India
In 2022, the amount of rubber thread and cord; textile covereds imported into India reduced slightly to 339 tons, leveling off at the year before. In general, total imports indicated buoyant growth from 2019 to 2022: its volume increased at an average annual rate of +12.2% 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 +58.9% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 59%. As a result, imports attained the peak of 340 tons, leveling off in the following year.
In value terms, imports of rubber thread and cord; textile covereds contracted sharply to $1.9M in 2022. Over the period under review, total imports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +9.7% 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 +35.5% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 63%. As a result, imports attained the peak of $2.3M, and then declined significantly in the following year.
| Import of Rubber Thread and Cord; Textile Covered in India (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 413 | 719 | 1,227 | 1,047 | 36.4% |
| Sri Lanka | 140 | 157 | 251 | 427 | 45.0% |
| Thailand | 184 | 134 | 246 | 136 | -9.6% |
| Hong Kong SAR | 605 | 50.8 | 156 | 29.8 | -63.3% |
| Others | 127 | 370 | 449 | 299 | 33.0% |
| Total | 1,468 | 1,431 | 2,329 | 1,938 | 9.7% |
Top Suppliers of Rubber Thread and Cord; Textile Covered to India in 2022:
- China (253.6 tons)
- Sri Lanka (36.7 tons)
- Thailand (24.8 tons)
- Hong Kong SAR (7.1 tons)
Exports of Rubber Thread and Cord; Textile Covered in India
For the fourth year in a row, India recorded growth in overseas shipments of rubber thread and cord; textile covereds, which increased by 8.1% to 112 tons in 2022. Overall, exports recorded significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 151%. The exports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, exports of rubber thread and cord; textile covereds surged to $528K in 2022. In general, exports continue to indicate significant growth. The pace of growth was the most pronounced in 2020 with an increase of 73%. Over the period under review, the exports of hit record highs in 2022 and are likely to see steady growth in the near future.
| Export of Rubber Thread and Cord; Textile Covered in India (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 37.4 | 78.3 | 80.3 | 106 | 41.5% |
| Spain | 10.7 | 126 | 53.4 | 93.2 | 105.8% |
| Nepal | 7.1 | 19.5 | 87.4 | 77.0 | 121.3% |
| South Africa | 0.1 | N/A | N/A | 64.0 | 761.8% |
| United Arab Emirates | 64.5 | 52.5 | 56.9 | 61.8 | -1.4% |
| United States | 0.2 | 0.8 | 0.4 | 47.3 | 518.4% |
| Bangladesh | 53.3 | 10.7 | 17.0 | 29.0 | -18.4% |
| Indonesia | 0.3 | 6.7 | 29.5 | 17.1 | 284.9% |
| Netherlands | 4.8 | 14.6 | 5.9 | 11.1 | 32.2% |
| Others | 20.5 | 34.3 | 22.9 | 21.6 | 1.8% |
| Total | 199 | 343 | 354 | 528 | 38.4% |
Top Export Markets for Rubber Thread and Cord; Textile Covered from India in 2022:
- Nepal (25.1 tons)
- United Kingdom (23.5 tons)
- Spain (16.3 tons)
- South Africa (14.6 tons)
- United Arab Emirates (12.6 tons)
- United States (5.5 tons)
- Bangladesh (3.7 tons)
- Netherlands (2.8 tons)
- Indonesia (2.7 tons)
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