Price for Rubber; Unvulcanised, Other than "Camel Back" Strips for Retreading Rubber Tyres in Ghana - 2023
Contents:
- Price for Rubber; Unvulcanised, Other than "Camel Back" Strips for Retreading Rubber Tyres in Ghana (CIF) - 2022
- Price for Rubber; Unvulcanised, Other than "Camel Back" Strips for Retreading Rubber Tyres in Ghana (FOB) - 2022
- Imports of Rubber; Unvulcanised, Other than "Camel Back" Strips for Retreading Rubber Tyres in Ghana
- Exports of Rubber; Unvulcanised, Other than "Camel Back" Strips for Retreading Rubber Tyres in Ghana
Price for Rubber; Unvulcanised, Other than "Camel Back" Strips for Retreading Rubber Tyres in Ghana (CIF) - 2022
The average import price for rubber stood at $7,137 per ton in 2022, with a decrease of -14.9% against the previous year. In general, the import price, however, enjoyed a modest expansion. The pace of growth was the most pronounced in 2018 when the average import price increased by 30%. The import price peaked at $8,391 per ton in 2021, and then fell in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Spain ($14,861 per ton), while the price for Thailand ($525 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+7.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Rubber; Unvulcanised, Other than "Camel Back" Strips for Retreading Rubber Tyres in Ghana (FOB) - 2022
The average export price for rubber stood at $5,697 per ton in 2022, picking up by 507% against the previous year. Overall, the export price, however, saw a significant decrease. Over the period under review, the average export prices hit record highs at $6,796,238 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Mali ($8,589 per ton), while the average price for exports to the United States ($42 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 Mali (-51.8%).
Imports of Rubber; Unvulcanised, Other than "Camel Back" Strips for Retreading Rubber Tyres in Ghana
In 2022, approx. 15 tons of rubber were imported into Ghana; with an increase of 4.7% on 2021 figures. In general, imports recorded a remarkable increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of rubber dropped to $109K in 2022. Over the period under review, imports continue to indicate a significant expansion.
| Import of Rubber; Unvulcanised, Other than "Camel Back" Strips for Retreading Rubber Tyres in Ghana (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 25.4 | N/A | 86.8 | 76.3 | 44.3% |
| Italy | 0.8 | N/A | 7.3 | 6.4 | 100.0% |
| Indonesia | 1.3 | N/A | 4.2 | 3.6 | 40.4% |
| United Kingdom | N/A | N/A | 5.4 | 2.3 | -57.4% |
| China | 0.1 | N/A | 0.5 | 1.7 | 157.1% |
| Australia | 0.6 | N/A | 1.8 | 1.5 | 35.7% |
| Thailand | 0.5 | N/A | 1.7 | 1.5 | 44.2% |
| Nigeria | 8.4 | N/A | N/A | N/A | 0% |
| Others | 5.0 | N/A | 15.0 | 16.1 | 47.7% |
| Total | 42.0 | N/A | 123 | 109 | 37.4% |
Top Suppliers of Rubber; Unvulcanised, Other than "Camel Back" Strips for Retreading Rubber Tyres to Ghana in 2022:
- Spain (5.1 tons)
- Thailand (2.8 tons)
- Indonesia (2.1 tons)
- China (1.3 tons)
- Australia (1.2 tons)
- United Kingdom (1.0 tons)
- Italy (0.9 tons)
Exports of Rubber; Unvulcanised, Other than "Camel Back" Strips for Retreading Rubber Tyres in Ghana
After two years of decline, shipments abroad of rubber decreased by -77.6% to 4.4 tons in 2022. Over the period under review, exports, however, saw a significant increase.
In value terms, exports of rubber surged to $25K in 2022. In general, exports, however, continue to indicate a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Rubber; Unvulcanised, Other than "Camel Back" Strips for Retreading Rubber Tyres in Ghana (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mali | N/A | N/A | N/A | 24.6 | 0% |
| Cote d'Ivoire | 1.4 | N/A | N/A | 0.7 | -20.6% |
| Sierra Leone | N/A | N/A | 17.6 | N/A | 0% |
| Malaysia | N/A | N/A | 0.9 | N/A | 0% |
| United States | N/A | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 1.4 | N/A | 18.6 | 25.3 | 162.4% |
Top Export Markets for Rubber; Unvulcanised, Other than "Camel Back" Strips for Retreading Rubber Tyres from Ghana in 2022:
- Mali (2.9 tons)
- Cote d'Ivoire (1.0 tons)
- United States (0.6 tons)
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