Price for Rubber Thread and Cord; Textile Covered in South Africa - 2024
Contents:
- Price for Rubber Thread and Cord; Textile Covered in South Africa (CIF) - 2022
- Price for Rubber Thread and Cord; Textile Covered in South Africa (FOB) - 2022
- Imports of Rubber Thread and Cord; Textile Covered in South Africa
- Exports of Rubber Thread and Cord; Textile Covered in South Africa
Price for Rubber Thread and Cord; Textile Covered in South Africa (CIF) - 2022
The average import price for rubber thread and cord; textile covereds stood at $6,236 per ton in 2022, increasing by 5.3% against the previous year. Overall, import price indicated a perceptible expansion from 2012 to 2022: its price increased at an average annual rate of +4.5% 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 increased by +92.0% against 2019 indices. The growth pace was the most rapid in 2020 an increase of 50% against the previous year. The import price peaked in 2022 and is likely to see gradual growth in years to come.
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 Vietnam ($23,018 per ton), while the price for Namibia ($1,100 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+13.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Rubber Thread and Cord; Textile Covered in South Africa (FOB) - 2022
In 2022, the average export price for rubber thread and cord; textile covereds amounted to $6,216 per ton, surging by 21% against the previous year. Over the period under review, the export price continues to indicate a prominent expansion. The most prominent rate of growth was recorded in 2013 an increase of 82%. The export price peaked at $7,771 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 overseas markets. In 2022, amid the top suppliers, the country with the highest price was Botswana ($7,123 per ton), while the average price for exports to Swaziland ($4,424 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 Lesotho (+8.1%), while the prices for the other major destinations experienced a decline.
Imports of Rubber Thread and Cord; Textile Covered in South Africa
In 2022, the amount of rubber thread and cord; textile covereds imported into South Africa was estimated at 152 tons, increasing by 13% compared with the previous year's figure. Over the period under review, imports, however, saw a abrupt descent. The pace of growth was the most pronounced in 2020 when imports increased by 54%. As a result, imports attained the peak of 277 tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
In value terms, imports of rubber thread and cord; textile covereds skyrocketed to $947K in 2022. Overall, imports posted a resilient increase. The growth pace was the most rapid in 2020 with an increase of 132% against the previous year. As a result, imports attained the peak of $1.4M. From 2021 to 2022, the growth of imports of remained at a lower figure.
| Import of Rubber Thread and Cord; Textile Covered in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 471 | 1,003 | 740 | 892 | 23.7% |
| Italy | 21.1 | 32.9 | 24.2 | 15.4 | -10.0% |
| Taiwan (Chinese) | 9.0 | 59.9 | 3.8 | 3.4 | -27.7% |
| Namibia | N/A | N/A | N/A | 3.4 | 0% |
| Others | 83.1 | 255 | 31.4 | 32.6 | -26.8% |
| Total | 584 | 1,352 | 799 | 947 | 17.5% |
Top Suppliers of Rubber Thread and Cord; Textile Covered to South Africa in 2022:
- China (143.6 tons)
- Namibia (3.1 tons)
- Italy (1.2 tons)
- Taiwan (Chinese) (1.1 tons)
Exports of Rubber Thread and Cord; Textile Covered in South Africa
In 2022, exports of rubber thread and cord; textile covereds from South Africa reduced dramatically to 115 tons, dropping by -40% compared with the previous year's figure. In general, exports saw a perceptible setback. The most prominent rate of growth was recorded in 2021 when exports increased by 88% against the previous year. As a result, the exports reached the peak of 192 tons, and then reduced remarkably in the following year.
In value terms, exports of rubber thread and cord; textile covereds shrank markedly to $717K in 2022. Over the period under review, exports, however, showed a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 142% against the previous year. As a result, the exports attained the peak of $988K, and then reduced notably in the following year.
| Export of Rubber Thread and Cord; Textile Covered in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Lesotho | 354 | 338 | 454 | 586 | 18.3% |
| Swaziland | 4.3 | 13.9 | 461 | 85.0 | 170.4% |
| Others | 35.8 | 56.1 | 73.4 | 46.3 | 9.0% |
| Total | 394 | 408 | 988 | 717 | 22.1% |
Top Export Markets for Rubber Thread and Cord; Textile Covered from South Africa in 2022:
- Lesotho (92.7 tons)
- Swaziland (19.2 tons)
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