Price for Rubber Thread and Cord; Textile Covered in the UK - 2024
Contents:
- Price for Rubber Thread and Cord; Textile Covered in the UK (CIF) - 2024
- Price for Rubber Thread and Cord; Textile Covered in the UK (FOB) - 2022
- Imports of Rubber Thread and Cord; Textile Covered in the UK
- Exports of Rubber Thread and Cord; Textile Covered in the UK
Price for Rubber Thread and Cord; Textile Covered in the UK (CIF) - 2024
In March 2024, the average import price for rubber thread and cord; textile covereds amounted to $7,849 per ton, jumping by 120% against the previous month. Overall, the import price, however, showed a deep downturn. Over the period under review, average import prices reached the peak figure at $15,976 per ton in March 2023; however, from April 2023 to March 2024, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Sri Lanka ($13,555 per ton), while the price for China ($6,296 per ton) was amongst the lowest.
From March 2023 to March 2024, the most notable rate of growth in terms of prices was attained by India (+2.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Rubber Thread and Cord; Textile Covered in the UK (FOB) - 2022
In 2022, the average export price for rubber thread and cord; textile covereds amounted to $31,351 per ton, with an increase of 22% against the previous year. In general, the export price showed noticeable growth. The pace of growth was the most pronounced in 2021 when the average export price increased by 62% against the previous year. Over the period under review, the average export prices attained the peak figure in 2022 and is likely to see gradual growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Romania ($54,771 per ton), while the average price for exports to Gibraltar ($10,867 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 Brazil (+32.3%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Rubber Thread and Cord; Textile Covered in the UK
In 2022, overseas purchases of rubber thread and cord; textile covereds decreased by -11% to 1.1K tons, falling for the second consecutive year after two years of growth. The total import volume increased at an average annual rate of +6.3% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 when imports increased by 39%. As a result, imports attained the peak of 1.3K tons. From 2021 to 2022, the growth of imports of failed to regain momentum.
In value terms, imports of rubber thread and cord; textile covereds rose to $8.1M in 2022. The total import value increased at an average annual rate of +10.2% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 with an increase of 25%. Imports peaked in 2022 and are likely to see steady growth in the immediate term.
| Import of Rubber Thread and Cord; Textile Covered in the UK (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 2,404 | 3,811 | 4,084 | 3,654 | 15.0% |
| Malaysia | 627 | 451 | 648 | 992 | 16.5% |
| Vietnam | 601 | 506 | 340 | 564 | -2.1% |
| Thailand | 8.0 | N/A | N/A | 480 | 291.5% |
| Italy | 87.3 | 30.1 | 25.7 | 435 | 70.8% |
| Sri Lanka | 731 | 637 | 390 | 364 | -20.7% |
| Switzerland | 366 | 516 | 318 | 249 | -12.0% |
| Turkey | 6.9 | 103 | 313 | 228 | 220.9% |
| Taiwan (Chinese) | 133 | 160 | 398 | 209 | 16.3% |
| India | 137 | 128 | 124 | 117 | -5.1% |
| Belgium | 97.7 | 267 | 450 | 5.8 | -61.0% |
| Others | 871 | 991 | 742 | 821 | -2.0% |
| Total | 6,071 | 7,599 | 7,832 | 8,120 | 10.2% |
Top Suppliers of Rubber Thread and Cord; Textile Covered to the UK in 2022:
- China (614.1 tons)
- Malaysia (98.6 tons)
- Sri Lanka (73.6 tons)
- Thailand (66.9 tons)
- Vietnam (62.0 tons)
- Italy (53.6 tons)
- Turkey (26.9 tons)
- Switzerland (25.3 tons)
- India (24.6 tons)
- Taiwan (Chinese) (22.0 tons)
- Belgium (1.0 tons)
Exports of Rubber Thread and Cord; Textile Covered in the UK
In 2022, shipments abroad of rubber thread and cord; textile covereds decreased by -6.8% to 96 tons, falling for the second year in a row after two years of growth. In general, exports recorded a abrupt contraction. The most prominent rate of growth was recorded in 2020 when exports increased by 17% against the previous year. As a result, the exports reached the peak of 177 tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.
In value terms, exports of rubber thread and cord; textile covereds rose rapidly to $3M in 2022. The total export value increased at an average annual rate of +7.4% over the period from 2019 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 when exports increased by 15%. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in the immediate term.
| Export of Rubber Thread and Cord; Textile Covered in the UK (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 34.5 | 117 | 3.7 | 293 | 104.0% |
| Ireland | 252 | 278 | 251 | 283 | 3.9% |
| Brazil | N/A | 38.9 | N/A | 207 | 130.7% |
| Sweden | 130 | 149 | 204 | 203 | 16.0% |
| Romania | 555 | 529 | 71.6 | 119 | -40.1% |
| Germany | 73.6 | 46.7 | 243 | 105 | 12.6% |
| Spain | 19.7 | 29.5 | 192 | 94.7 | 68.8% |
| Italy | 70.6 | 111 | 101 | 90.9 | 8.8% |
| Netherlands | 73.8 | 55.9 | 115 | 89.4 | 6.6% |
| Tunisia | 59.8 | 47.1 | 39.4 | 52.7 | -4.1% |
| Morocco | 67.9 | 305 | 26.2 | 39.0 | -16.9% |
| Norway | 75.2 | 31.9 | 83.3 | 38.3 | -20.1% |
| Gibraltar | N/A | N/A | 16.6 | 22.6 | 36.1% |
| Others | 1,028 | 1,072 | 1,314 | 1,386 | 10.5% |
| Total | 2,440 | 2,811 | 2,661 | 3,023 | 7.4% |
Top Export Markets for Rubber Thread and Cord; Textile Covered from the UK in 2022:
- Ireland (23.4 tons)
- Sweden (9.1 tons)
- Spain (6.5 tons)
- Germany (6.4 tons)
- India (5.5 tons)
- Brazil (4.9 tons)
- Tunisia (2.9 tons)
- Morocco (2.6 tons)
- Netherlands (2.3 tons)
- Romania (2.2 tons)
- Italy (2.1 tons)
- Gibraltar (2.1 tons)
- Norway (2.1 tons)
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