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

Contents:

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

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

The average import price for rubber thread and cord; textile covereds stood at $22,580 per ton in 2022, with an increase of 39% against the previous year. Over the period under review, the import price continues to indicate a prominent expansion. The most prominent rate of growth was recorded in 2021 when the average import price increased by 63% against the previous year. The import price peaked in 2022 and is likely to see steady growth in the immediate term.

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 China ($31,996 per ton), while the price for the Netherlands ($8,574 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+19.1%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, the average export price for rubber thread and cord; textile covereds amounted to $20,164 per ton, declining by -37.5% against the previous year. Overall, the export price, however, continues to indicate resilient growth. The pace of growth was the most pronounced in 2015 an increase of 565% against the previous year. As a result, the export price reached the peak level of $92,554 per ton. From 2016 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Singapore ($34,533 per ton), while the average price for exports to Denmark ($12,263 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 Hong Kong SAR (+28.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Rubber Thread and Cord; Textile Covered in Norway

In 2022, supplies from abroad of rubber thread and cord; textile covereds decreased by -36.3% to 37 tons, falling for the second year in a row after two years of growth. Overall, imports continue to indicate a abrupt curtailment. The growth pace was the most rapid in 2020 when imports increased by 4.2% against the previous year. As a result, imports attained the peak of 69 tons. From 2021 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of rubber thread and cord; textile covereds dropped to $827K in 2022. The total import value increased at an average annual rate of +4.4% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when imports increased by 37%. As a result, imports attained the peak of $937K, and then reduced in the following year.

Import of Rubber Thread and Cord; Textile Covered in Norway (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
China4834295004991.1%
Vietnam3.30.442.864.0168.7%
Germany50.331.867.062.67.6%
Sweden33.126.555.536.53.3%
South Korea12.167.056.029.835.0%
Czech Republic43.329.533.825.9-15.7%
Netherlands22.434.728.117.2-8.4%
Others78.764.815392.75.6%
Total7266849378274.4%

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

  1. China (15.6 tons)
  2. Vietnam (4.7 tons)
  3. Germany (2.8 tons)
  4. Czech Republic (2.7 tons)
  5. Sweden (2.6 tons)
  6. Netherlands (2.0 tons)
  7. South Korea (1.7 tons)

Exports of Rubber Thread and Cord; Textile Covered in Norway

In 2022, the amount of rubber thread and cord; textile covereds exported from Norway dropped remarkably to 456 kg, shrinking by -27.8% against 2021. In general, exports saw a deep contraction. The pace of growth appeared the most rapid in 2021 when exports increased by 64% against the previous year.

In value terms, exports of rubber thread and cord; textile covereds fell significantly to $9.2K in 2022. Over the period under review, exports continue to indicate a dramatic decrease. The growth pace was the most rapid in 2021 with an increase of 161%.

Export of Rubber Thread and Cord; Textile Covered in Norway (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Latvia17.51.33.74.1-38.4%
Poland8.73.613.72.9-30.7%
Sweden0.51.32.71.233.9%
SingaporeN/AN/AN/A0.50%
Denmark0.1N/AN/A0.226.0%
France2.0N/AN/AN/A0%
Others0.41.60.40.3-9.1%
Total29.37.820.49.2-32.0%

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

  1. Poland (188.0 kg)
  2. Latvia (163.0 kg)
  3. Sweden (66.0 kg)
  4. Denmark (19.0 kg)
  5. Singapore (15.0 kg)

Source: IndexBox Market Intelligence Platform

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