Price for Rubber; Unvulcanised, Other than "Camel Back" Strips for Retreading Rubber Tyres in Iraq - 2022
Contents:
- Price for Rubber; Unvulcanised, Other than "Camel Back" Strips for Retreading Rubber Tyres in Iraq (CIF) - 2022
- Price for Rubber; Unvulcanised, Other than "Camel Back" Strips for Retreading Rubber Tyres in Iraq (FOB) - 2022
- Imports of Rubber; Unvulcanised, Other than "Camel Back" Strips for Retreading Rubber Tyres in Iraq
- Exports of Rubber; Unvulcanised, Other than "Camel Back" Strips for Retreading Rubber Tyres in Iraq
Price for Rubber; Unvulcanised, Other than "Camel Back" Strips for Retreading Rubber Tyres in Iraq (CIF) - 2022
In 2022, the average import price for rubber amounted to $4,732 per ton, picking up by 73% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. Over the period under review, average import prices reached the maximum at $5,905 per ton in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($50,711 per ton), while the price for Kuwait ($922 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 (+12.5%), 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 Iraq (FOB) - 2022
The average export price for rubber stood at $37,818 per ton in 2022, surging by 11% against the previous year. Over the period under review, export price indicated a resilient expansion from 2012 to 2022: its price increased at an average annual rate of +7.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for rubber increased by +29.8% against 2018 indices. The pace of growth appeared the most rapid in 2014 an increase of 64%. Over the period under review, the average export prices reached the maximum in 2022 and is likely to see steady growth in the immediate term.
As there is only one major export destination, the average price level is determined by prices for the United Arab Emirates.
From 2012 to 2022, the rate of growth in terms of prices for the United Arab Emirates amounted to +7.0% per year.
Imports of Rubber; Unvulcanised, Other than "Camel Back" Strips for Retreading Rubber Tyres in Iraq
In 2022, the amount of rubber imported into Iraq fell sharply to 56 tons, waning by -63.2% on the previous year's figure. Over the period under review, imports saw a deep setback. The pace of growth appeared the most rapid in 2021 with an increase of 221%. As a result, imports reached the peak of 153 tons, and then shrank remarkably in the following year.
In value terms, imports of rubber plummeted to $266K in 2022. Overall, imports showed a deep contraction. The most prominent rate of growth was recorded in 2021 when imports increased by 103% against the previous year.
| Import of Rubber; Unvulcanised, Other than "Camel Back" Strips for Retreading Rubber Tyres in Iraq (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 117 | 90.6 | 236 | 120 | 0.8% |
| United Arab Emirates | 104 | 38.9 | 22.9 | 61.7 | -16.0% |
| China | 32.5 | 39.0 | 110 | 42.6 | 9.4% |
| Saudi Arabia | 28.4 | 17.9 | 14.0 | 21.4 | -9.0% |
| Kuwait | 1.4 | 2.3 | 2.3 | 1.4 | 0.0% |
| Italy | 76.5 | N/A | N/A | N/A | 0% |
| Others | 95.0 | 18.5 | 34.4 | 19.0 | -41.5% |
| Total | 455 | 207 | 420 | 266 | -16.4% |
Top Suppliers of Rubber; Unvulcanised, Other than "Camel Back" Strips for Retreading Rubber Tyres to Iraq in 2022:
- Turkey (37.1 tons)
- China (8.4 tons)
- United Arab Emirates (5.0 tons)
- Saudi Arabia (3.5 tons)
- Kuwait (1.6 tons)
Exports of Rubber; Unvulcanised, Other than "Camel Back" Strips for Retreading Rubber Tyres in Iraq
In 2022, overseas shipments of rubber decreased by -2.9% to 33 kg, falling for the second year in a row after two years of growth. The total export volume increased at an average annual rate of +9.7% 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 2020 when exports increased by 44% against the previous year. As a result, the exports reached the peak of 36 kg. From 2021 to 2022, the growth of the exports of remained at a lower figure.
In value terms, exports of rubber expanded significantly to $1.2K in 2022. In general, total exports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +19.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +69.1% against 2019 indices. The pace of growth appeared the most rapid in 2020 when exports increased by 46%. Over the period under review, the exports of reached the maximum in 2022 and are expected to retain growth in years to come.
| Export of Rubber; Unvulcanised, Other than "Camel Back" Strips for Retreading Rubber Tyres in Iraq (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 738 | 560 | 1,158 | 1,248 | 19.1% |
| Turkey | N/A | 515 | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 738 | 1,075 | 1,158 | 1,248 | 19.1% |
Top Export Markets for Rubber; Unvulcanised, Other than "Camel Back" Strips for Retreading Rubber Tyres from Iraq in 2022:
- United Arab Emirates (33.0 kg)
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