Price for Rubber Thread and Cord; Textile Covered in the United States - 2024
Contents:
- Price for Rubber Thread and Cord; Textile Covered in the United States (CIF) - 2024
- Price for Rubber Thread and Cord; Textile Covered in the United States (FOB) - 2024
- Imports of Rubber Thread and Cord; Textile Covered in the United States
- Exports of Rubber Thread and Cord; Textile Covered in the United States
Price for Rubber Thread and Cord; Textile Covered in the United States (CIF) - 2024
The average import price for rubber thread and cord; textile covereds stood at $8,558 per ton in April 2024, with a decrease of -5.3% against the previous month. Over the period under review, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in March 2024 when the average import price increased by 70% month-to-month. The import price peaked at $10,990 per ton in January 2024; however, from February 2024 to April 2024, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Switzerland ($24,683 per ton), while the price for China ($6,220 per ton) was amongst the lowest.
From April 2023 to April 2024, the most notable rate of growth in terms of prices was attained by Vietnam (+5.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Rubber Thread and Cord; Textile Covered in the United States (FOB) - 2024
The average export price for rubber thread and cord; textile covereds stood at $16,406 per ton in April 2024, with an increase of 3.1% against the previous month. Overall, export price indicated noticeable growth from April 2023 to April 2024: its price increased at an average monthly rate of +3.3% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on April 2024 figures, export price for rubber thread and cord; textile covereds decreased by -26.4% against December 2023 indices. The growth pace was the most rapid in December 2023 when the average export price increased by 94% m-o-m. As a result, the export price attained the peak level of $22,301 per ton. From January 2024 to April 2024, the the average export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was China ($32,921 per ton), while the average price for exports to Malaysia ($9,304 per ton) was amongst the lowest.
From April 2023 to April 2024, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+10.0%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Rubber Thread and Cord; Textile Covered in the United States
In 2022, supplies from abroad of rubber thread and cord; textile covereds decreased by -11.8% to 1.7K tons, falling for the second year in a row after two years of growth. The total import volume increased at an average annual rate of +3.6% 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 with an increase of 32% against the previous year. As a result, imports reached the peak of 2K 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 contracted to $12M in 2022. The total import value increased at an average annual rate of +5.3% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 when imports increased by 31% against the previous year. As a result, imports attained the peak of $14M. From 2021 to 2022, the growth of imports of failed to regain momentum.
| Import of Rubber Thread and Cord; Textile Covered in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 3.9 | 7.5 | 5.8 | 5.5 | 12.1% |
| Italy | 2.8 | 2.1 | 2.5 | 2.2 | -7.7% |
| Vietnam | 1.6 | 1.4 | 1.1 | 1.8 | 4.0% |
| Mexico | 0.5 | 0.5 | 0.6 | 0.9 | 21.6% |
| Thailand | 0.3 | 0.3 | 0.3 | 0.6 | 26.0% |
| El Salvador | N/A | N/A | 1.7 | N/A | 0% |
| Others | 1.3 | 1.9 | 1.2 | 1.2 | -2.6% |
| Total | 10.4 | 13.7 | 13.3 | 12.2 | 5.5% |
Top Suppliers of Rubber Thread and Cord; Textile Covered to the United States in 2022:
- China (789.9 tons)
- Vietnam (316.7 tons)
- Italy (295.6 tons)
- Thailand (94.8 tons)
- Mexico (70.3 tons)
Exports of Rubber Thread and Cord; Textile Covered in the United States
In 2022, exports of rubber thread and cord; textile covereds from the United States dropped to 608 tons, shrinking by -5% against the year before. The total export volume increased at an average annual rate of +5.6% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by 36% against the previous year. As a result, the exports attained the peak of 640 tons, and then dropped in the following year.
In value terms, exports of rubber thread and cord; textile covereds soared to $9.4M in 2022. The total export value increased at an average annual rate of +8.5% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Rubber Thread and Cord; Textile Covered in the United States (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mexico | 2,656 | 3,473 | 2,811 | 3,732 | 12.0% |
| Canada | 1,180 | 1,212 | 1,489 | 1,846 | 16.1% |
| Dominican Republic | 1,045 | 888 | 652 | 805 | -8.3% |
| Sri Lanka | 217 | 36.4 | 193 | 416 | 24.2% |
| Guatemala | N/A | 8.2 | 122 | 332 | 536.3% |
| China | 233 | 242 | 411 | 258 | 3.5% |
| Vietnam | 158 | 87.3 | 85.5 | 233 | 13.8% |
| Peru | 232 | 161 | 214 | 204 | -4.2% |
| Saudi Arabia | 23.9 | 12.2 | 8.6 | 133 | 77.2% |
| United Kingdom | 96.9 | 80.5 | 36.5 | 119 | 7.1% |
| South Korea | 6.0 | 21.6 | 36.2 | 118 | 169.9% |
| El Salvador | 31.1 | 27.6 | 5.2 | 71.6 | 32.0% |
| Others | 1,464 | 893 | 1,660 | 1,099 | -9.1% |
| Total | 7,343 | 7,143 | 7,723 | 9,367 | 8.5% |
Top Export Markets for Rubber Thread and Cord; Textile Covered from the United States in 2022:
- Mexico (193.8 tons)
- Canada (171.9 tons)
- Dominican Republic (47.4 tons)
- Sri Lanka (18.4 tons)
- Guatemala (15.3 tons)
- China (15.2 tons)
- Peru (15.2 tons)
- Vietnam (13.5 tons)
- Saudi Arabia (12.7 tons)
- El Salvador (12.3 tons)
- United Kingdom (10.1 tons)
- South Korea (9.6 tons)
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