Price for Rubber Thread and Cord; Textile Covered in Vietnam - 2022
Contents:
- Price for Rubber Thread and Cord; Textile Covered in Vietnam (CIF) - 2022
- Price for Rubber Thread and Cord; Textile Covered in Vietnam (FOB) - 2022
- Imports of Rubber Thread and Cord; Textile Covered in Vietnam
- Exports of Rubber Thread and Cord; Textile Covered in Vietnam
Price for Rubber Thread and Cord; Textile Covered in Vietnam (CIF) - 2022
The average import price for rubber thread and cord; textile covereds stood at $8,286 per ton in 2022, picking up by 14% against the previous year. In general, the import price, however, recorded a slight curtailment. The import price peaked at $9,355 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Japan ($8,286 per ton) and Taiwan (Chinese) ($8,286 per ton), while the price for China ($8,286 per ton) and South Korea ($8,286 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (-1.1%), while the prices for the other major suppliers experienced a decline.
Price for Rubber Thread and Cord; Textile Covered in Vietnam (FOB) - 2022
In 2022, the average export price for rubber thread and cord; textile covereds amounted to $6,401 per ton, leveling off at the previous year. Over the last decade, it increased at an average annual rate of +1.8%. The most prominent rate of growth was recorded in 2017 when the average export price increased by 18% against the previous year. The export price peaked at $6,461 per ton in 2021, and then declined in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Australia ($11,419 per ton), while the average price for exports to Taiwan (Chinese) ($1,341 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 Australia (+7.8%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Rubber Thread and Cord; Textile Covered in Vietnam
In 2022, imports of rubber thread and cord; textile covereds into Vietnam reduced to 10K tons, shrinking by -12.7% against 2021. The total import volume increased at an average annual rate of +1.6% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 44%. As a result, imports attained the peak of 11K tons, and then declined in the following year.
In value terms, imports of rubber thread and cord; textile covereds declined slightly to $83M in 2022. The total import value increased at an average annual rate of +6.8% 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 with an increase of 34%. As a result, imports attained the peak of $83M, leveling off in the following year.
| Import of Rubber Thread and Cord; Textile Covered in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 33.5 | 34.1 | 46.1 | 45.4 | 10.7% |
| South Korea | 13.8 | 13.0 | 16.1 | 17.0 | 7.2% |
| Taiwan (Chinese) | 8.7 | 6.9 | 9.1 | 9.9 | 4.4% |
| Hong Kong SAR | 5.5 | 4.1 | 5.3 | 4.8 | -4.4% |
| Japan | 3.9 | 1.9 | 2.9 | 2.1 | -18.6% |
| Others | 2.6 | 1.9 | 3.6 | 3.6 | 11.5% |
| Total | 68.0 | 62.0 | 83.2 | 82.8 | 6.8% |
Top Suppliers of Rubber Thread and Cord; Textile Covered to Vietnam in 2022:
- China (5.5K tons)
- South Korea (2.1K tons)
- Taiwan (Chinese) (1.2K tons)
- Hong Kong SAR (0.6K tons)
- Japan (0.3K tons)
Exports of Rubber Thread and Cord; Textile Covered in Vietnam
In 2022, exports of rubber thread and cord; textile covereds from Vietnam reduced markedly to 1K tons, shrinking by -36.2% compared with 2021 figures. Over the period under review, exports showed a slight downturn. The pace of growth was the most pronounced in 2021 with an increase of 62% against the previous year. As a result, the exports attained the peak of 1.6K tons, and then shrank dramatically in the following year.
In value terms, exports of rubber thread and cord; textile covereds fell rapidly to $6.4M in 2022. Overall, exports, however, posted slight growth. The pace of growth appeared the most rapid in 2021 when exports increased by 83% against the previous year. As a result, the exports attained the peak of $10M, and then shrank remarkably in the following year.
| Export of Rubber Thread and Cord; Textile Covered in Vietnam (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Cambodia | N/A | N/A | 1,046 | 1,513 | 44.6% |
| United States | 1,597 | 1,565 | 1,654 | 1,315 | -6.3% |
| Indonesia | 1,228 | 674 | 2,384 | 909 | -9.5% |
| South Korea | 1,372 | 1,029 | 1,699 | 731 | -18.9% |
| China | 85.3 | 130 | 1,066 | 434 | 72.0% |
| United Kingdom | 601 | 506 | 467 | 379 | -14.2% |
| Belgium | 227 | 240 | 337 | 374 | 18.1% |
| Taiwan (Chinese) | 57.4 | 87.0 | 50.0 | 21.5 | -27.9% |
| Others | 961 | 1,357 | 1,498 | 774 | -7.0% |
| Total | 6,129 | 5,588 | 10,201 | 6,450 | 1.7% |
Top Export Markets for Rubber Thread and Cord; Textile Covered from Vietnam in 2022:
- Cambodia (244.7 tons)
- United States (198.0 tons)
- South Korea (162.8 tons)
- Indonesia (127.1 tons)
- China (86.1 tons)
- Belgium (48.5 tons)
- United Kingdom (39.2 tons)
- Taiwan (Chinese) (16.0 tons)
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