Price for Rubber; Unvulcanised, Other than "Camel Back" Strips for Retreading Rubber Tyres in India - 2023
Contents:
- Price for Rubber; Unvulcanised, Other than "Camel Back" Strips for Retreading Rubber Tyres in India (CIF) - 2022
- Price for Rubber; Unvulcanised, Other than "Camel Back" Strips for Retreading Rubber Tyres in India (FOB) - 2022
- Imports of Rubber; Unvulcanised, Other than "Camel Back" Strips for Retreading Rubber Tyres in India
- Exports of Rubber; Unvulcanised, Other than "Camel Back" Strips for Retreading Rubber Tyres in India
Price for Rubber; Unvulcanised, Other than "Camel Back" Strips for Retreading Rubber Tyres in India (CIF) - 2022
In 2022, the average import price for rubber amounted to $960 per ton, waning by -23.7% against the previous year. In general, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 82%. As a result, import price reached the peak level of $1,258 per ton, and then contracted notably in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United Arab Emirates ($12,236 per ton), while the price for South Africa ($339 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 (+34.8%), 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 India (FOB) - 2022
The average export price for rubber stood at $3,299 per ton in 2022, surging by 25% against the previous year. Overall, the export price, however, continues to indicate a pronounced reduction. Over the period under review, the average export prices attained the peak figure at $4,949 per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Saudi Arabia ($10,558 per ton), while the average price for exports to Sri Lanka ($1,949 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 Saudi Arabia (+6.9%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Rubber; Unvulcanised, Other than "Camel Back" Strips for Retreading Rubber Tyres in India
In 2022, overseas purchases of rubber were finally on the rise to reach 3K tons for the first time since 2019, thus ending a two-year declining trend. Overall, total imports indicated perceptible growth from 2019 to 2022: its volume increased at an average annual rate of +2.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of rubber skyrocketed to $2.9M in 2022. In general, total imports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +13.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +90.5% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 49%. Over the period under review, imports of reached the peak figure in 2022 and are likely to see gradual growth in years to come.
| Import of Rubber; Unvulcanised, Other than "Camel Back" Strips for Retreading Rubber Tyres in India (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | 620 | 401 | 530 | 789 | 8.4% |
| United States | 320 | 191 | 314 | 646 | 26.4% |
| Italy | 268 | 291 | 371 | 323 | 6.4% |
| Thailand | 18.7 | 83.1 | 118 | 164 | 106.2% |
| Sri Lanka | 82.5 | 37.2 | 189 | 82.0 | -0.2% |
| China | 93.2 | 45.7 | 120 | 79.1 | -5.3% |
| South Africa | 10.4 | 10.8 | 8.5 | 52.7 | 71.8% |
| Slovenia | N/A | N/A | N/A | 35.6 | 0% |
| Romania | 250 | 11.2 | 0.1 | N/A | -98.0% |
| Others | 312 | 431 | 583 | 691 | 30.3% |
| Total | 1,975 | 1,502 | 2,234 | 2,863 | 13.2% |
Top Suppliers of Rubber; Unvulcanised, Other than "Camel Back" Strips for Retreading Rubber Tyres to India in 2022:
- Belgium (989.5 tons)
- United States (762.1 tons)
- South Africa (155.5 tons)
- Sri Lanka (117.6 tons)
- Italy (88.5 tons)
- Slovenia (76.7 tons)
- Thailand (55.0 tons)
- China (46.0 tons)
Exports of Rubber; Unvulcanised, Other than "Camel Back" Strips for Retreading Rubber Tyres in India
In 2022, shipments abroad of rubber decreased by -8.3% to 660 tons for the first time since 2018, thus ending a three-year rising trend. The total export volume increased at an average annual rate of +4.4% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 17%. As a result, the exports attained the peak of 720 tons, and then shrank in the following year.
In value terms, exports of rubber expanded remarkably to $2.2M in 2022. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. As a result, the exports reached 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 India (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 164 | 31.6 | 22.9 | 496 | 44.6% |
| United States | 70.1 | 127 | 341 | 341 | 69.4% |
| Saudi Arabia | 291 | 226 | 289 | 339 | 5.2% |
| Sri Lanka | 12.1 | 65.3 | 261 | 232 | 167.7% |
| Bolivia | 68.7 | 74.1 | 145 | 128 | 23.1% |
| United Kingdom | 28.8 | 18.9 | 78.2 | 88.2 | 45.2% |
| Yemen | 105 | 56.5 | 47.7 | 61.4 | -16.4% |
| Kenya | 127 | 186 | 100 | 58.1 | -22.9% |
| Russia | N/A | N/A | 0.1 | 48.7 | 48600.0% |
| Oman | 14.2 | 8.3 | 20.9 | 40.0 | 41.2% |
| Bulgaria | 4.5 | 12.1 | 18.6 | 31.1 | 90.5% |
| Bhutan | 20.4 | 30.1 | 41.0 | 30.3 | 14.1% |
| Nepal | 162 | 207 | 130 | 14.0 | -55.8% |
| Others | 1,087 | 821 | 410 | 269 | -37.2% |
| Total | 2,155 | 1,863 | 1,905 | 2,176 | 0.3% |
Top Export Markets for Rubber; Unvulcanised, Other than "Camel Back" Strips for Retreading Rubber Tyres from India in 2022:
- United Arab Emirates (198.6 tons)
- Sri Lanka (118.9 tons)
- United States (108.7 tons)
- Bolivia (44.6 tons)
- Saudi Arabia (32.1 tons)
- Yemen (20.8 tons)
- Kenya (20.1 tons)
- Oman (18.3 tons)
- Russia (16.5 tons)
- United Kingdom (12.0 tons)
- Bhutan (11.9 tons)
- Bulgaria (10.6 tons)
- Nepal (5.8 tons)
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