Price for Rubber Thread and Cord; Textile Covered in Indonesia - 2022
Contents:
- Price for Rubber Thread and Cord; Textile Covered in Indonesia (CIF) - 2022
- Price for Rubber Thread and Cord; Textile Covered in Indonesia (FOB) - 2022
- Imports of Rubber Thread and Cord; Textile Covered in Indonesia
- Exports of Rubber Thread and Cord; Textile Covered in Indonesia
Price for Rubber Thread and Cord; Textile Covered in Indonesia (CIF) - 2022
In 2022, the average import price for rubber thread and cord; textile covereds amounted to $6,382 per ton, falling by -17.2% against the previous year. Over the period under review, the import price recorded a noticeable setback. The pace of growth appeared the most rapid in 2014 when the average import price increased by 5.3% against the previous year. Over the period under review, average import prices hit record highs at $9,277 per ton in 2015; however, from 2016 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Hong Kong SAR ($24,987 per ton), while the price for Malaysia ($2,819 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+2.9%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Rubber Thread and Cord; Textile Covered in Indonesia (FOB) - 2022
In 2022, the average export price for rubber thread and cord; textile covereds amounted to $7,913 per ton, surging by 6% against the previous year. Overall, export price indicated a perceptible increase from 2012 to 2022: its price increased at an average annual rate of +3.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for rubber thread and cord; textile covereds increased by +7.0% against 2019 indices. The pace of growth was the most pronounced in 2017 when the average export price increased by 55%. Over the period under review, the average export prices reached the maximum at $9,552 per ton in 2018; however, from 2019 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 Japan ($14,614 per ton), while the average price for exports to Sri Lanka ($1,899 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 Japan (+10.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Rubber Thread and Cord; Textile Covered in Indonesia
In 2022, overseas purchases of rubber thread and cord; textile covereds decreased by -19% to 2.7K tons for the first time since 2018, thus ending a three-year rising trend. Overall, total imports indicated prominent growth from 2019 to 2022: its volume increased at an average annual rate of +7.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +24.8% against 2019 indices. The growth pace was the most rapid in 2021 with an increase of 43%. As a result, imports attained the peak of 3.3K tons, and then declined notably in the following year.
In value terms, imports of rubber thread and cord; textile covereds reduced rapidly to $17M in 2022. Over the period under review, imports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 33% against the previous year. As a result, imports attained the peak of $26M, and then plummeted in the following year.
| Import of Rubber Thread and Cord; Textile Covered in Indonesia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 9.2 | 13.7 | 16.2 | 11.5 | 7.7% |
| Vietnam | 3.0 | 1.8 | 3.1 | 2.2 | -9.8% |
| Taiwan (Chinese) | 1.6 | 1.3 | 2.1 | 1.0 | -14.5% |
| Hong Kong SAR | 1.3 | 1.0 | 1.8 | 0.8 | -14.9% |
| Malaysia | 0.6 | 0.4 | 0.7 | 0.7 | 5.3% |
| Others | 1.5 | 0.9 | 1.7 | 1.0 | -12.6% |
| Total | 17.1 | 19.1 | 25.5 | 17.1 | 0.0% |
Top Suppliers of Rubber Thread and Cord; Textile Covered to Indonesia in 2022:
- China (1969.4 tons)
- Vietnam (314.6 tons)
- Malaysia (237.8 tons)
- Taiwan (Chinese) (85.3 tons)
- Hong Kong SAR (30.7 tons)
Exports of Rubber Thread and Cord; Textile Covered in Indonesia
In 2022, exports of rubber thread and cord; textile covereds from Indonesia fell markedly to 110 tons, dropping by -34.1% against the previous year's figure. Overall, exports recorded a noticeable decline. The pace of growth was the most pronounced in 2021 with an increase of 43%. As a result, the exports reached the peak of 167 tons, and then declined rapidly in the following year.
In value terms, exports of rubber thread and cord; textile covereds dropped markedly to $868K in 2022. Over the period under review, exports recorded a noticeable descent. The growth pace was the most rapid in 2021 when exports increased by 34%. As a result, the exports reached the peak of $1.2M, and then shrank dramatically in the following year.
| Export of Rubber Thread and Cord; Textile Covered in Indonesia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 755 | 808 | 1,133 | 767 | 0.5% |
| United Kingdom | N/A | N/A | N/A | 46.8 | 0% |
| Japan | 2.0 | N/A | N/A | 27.1 | 138.4% |
| Sri Lanka | N/A | 0.8 | 18.0 | 8.7 | 229.8% |
| Myanmar | 22.4 | 16.6 | 62.4 | 3.9 | -44.2% |
| China | 80.3 | 23.9 | 0.9 | N/A | -89.4% |
| Others | 75.8 | 75.8 | 28.1 | 14.6 | -42.2% |
| Total | 935 | 925 | 1,243 | 868 | -2.4% |
Top Export Markets for Rubber Thread and Cord; Textile Covered from Indonesia in 2022:
- Vietnam (92.5 tons)
- United Kingdom (9.5 tons)
- Sri Lanka (4.6 tons)
- Japan (1.9 tons)
- Myanmar (0.5 tons)
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