Price for Rubber; Unvulcanised, Other than "Camel Back" Strips for Retreading Rubber Tyres in Latvia - 2023
Contents:
- Price for Rubber; Unvulcanised, Other than "Camel Back" Strips for Retreading Rubber Tyres in Latvia (CIF) - 2022
- Price for Rubber; Unvulcanised, Other than "Camel Back" Strips for Retreading Rubber Tyres in Latvia (FOB) - 2022
- Imports of Rubber; Unvulcanised, Other than "Camel Back" Strips for Retreading Rubber Tyres in Latvia
- Exports of Rubber; Unvulcanised, Other than "Camel Back" Strips for Retreading Rubber Tyres in Latvia
Price for Rubber; Unvulcanised, Other than "Camel Back" Strips for Retreading Rubber Tyres in Latvia (CIF) - 2022
In 2022, the average import price for rubber amounted to $6,542 per ton, reducing by -42.7% against the previous year. In general, the import price, however, enjoyed a perceptible increase. The most prominent rate of growth was recorded in 2019 when the average import price increased by 86% against the previous year. As a result, import price attained the peak level of $14,616 per ton. From 2020 to 2022, the average import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the UK ($89,544 per ton), while the price for Italy ($1,791 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+34.6%), 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 Latvia (FOB) - 2022
In 2022, the average export price for rubber amounted to $10,771 per ton, which is down by -25.3% against the previous year. Overall, the export price, however, showed a remarkable increase. The growth pace was the most rapid in 2018 an increase of 140%. The export price peaked at $16,109 per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Russia ($17,838 per ton), while the average price for exports to Lithuania ($4,333 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 Kyrgyzstan (+22.0%), 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 Latvia
In 2022, approx. 62 tons of rubber were imported into Latvia; with an increase of 172% against 2021. Overall, imports saw significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of rubber surged to $407K in 2022. In general, total imports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +13.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Rubber; Unvulcanised, Other than "Camel Back" Strips for Retreading Rubber Tyres in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 27.2 | 42.7 | 59.2 | 101 | 54.9% |
| Poland | 64.4 | 78.2 | 74.1 | 91.7 | 12.5% |
| Netherlands | 42.9 | 55.1 | 54.5 | 50.9 | 5.9% |
| Italy | 13.2 | 10.7 | 10.3 | 50.3 | 56.2% |
| Denmark | 13.6 | N/A | 1.0 | 34.6 | 36.5% |
| Belgium | 37.5 | 39.2 | 47.4 | 27.0 | -10.4% |
| Lithuania | 4.8 | 7.9 | 3.9 | 16.3 | 50.3% |
| United Kingdom | 34.8 | 22.6 | 2.4 | 10.2 | -33.6% |
| Others | 40.0 | 22.3 | 8.4 | 25.7 | -13.7% |
| Total | 278 | 279 | 261 | 407 | 13.5% |
Top Suppliers of Rubber; Unvulcanised, Other than "Camel Back" Strips for Retreading Rubber Tyres to Latvia in 2022:
- Italy (28.1 tons)
- Netherlands (12.0 tons)
- Germany (9.1 tons)
- Poland (5.1 tons)
- Lithuania (2.8 tons)
- Belgium (1.7 tons)
- Denmark (1.0 tons)
- United Kingdom (0.1 tons)
Exports of Rubber; Unvulcanised, Other than "Camel Back" Strips for Retreading Rubber Tyres in Latvia
In 2022, approx. 4.7 tons of rubber were exported from Latvia; picking up by 7.9% compared with 2021. Overall, total exports indicated buoyant growth from 2019 to 2022: its volume increased at an average annual rate of +8.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +78.5% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 65%. The exports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, exports of rubber fell remarkably to $51K in 2022. In general, total exports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +15.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +52.5% against 2019 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 48% against the previous year. As a result, the exports attained the peak of $63K, and then reduced notably in the following year.
| Export of Rubber; Unvulcanised, Other than "Camel Back" Strips for Retreading Rubber Tyres in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Kazakhstan | N/A | N/A | 0.1 | 12.6 | 12500.0% |
| Russia | 1.7 | 14.2 | 22.4 | 12.3 | 93.4% |
| Belarus | 7.3 | 7.3 | 23.3 | 7.2 | -0.5% |
| Estonia | 14.0 | 11.1 | 12.0 | 7.0 | -20.6% |
| Lithuania | 2.8 | 2.2 | 0.7 | 4.5 | 17.1% |
| Georgia | N/A | N/A | N/A | 1.3 | 0% |
| Kyrgyzstan | N/A | N/A | N/A | 1.0 | 0% |
| Finland | 6.9 | 6.7 | 2.9 | N/A | -35.2% |
| Others | 0.5 | 1.1 | 1.4 | 4.9 | 114.0% |
| Total | 33.2 | 42.5 | 62.9 | 50.7 | 15.2% |
Top Export Markets for Rubber; Unvulcanised, Other than "Camel Back" Strips for Retreading Rubber Tyres from Latvia in 2022:
- Lithuania (1038.0 kg)
- Kazakhstan (1024.0 kg)
- Estonia (884.0 kg)
- Russia (687.0 kg)
- Belarus (612.0 kg)
- Georgia (252.0 kg)
- Kyrgyzstan (86.0 kg)
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