Price for Rubber; Unvulcanised, Other than "Camel Back" Strips for Retreading Rubber Tyres in the Philippines - 2023
Contents:
- Price for Rubber; Unvulcanised, Other than "Camel Back" Strips for Retreading Rubber Tyres in the Philippines (CIF) - 2022
- Price for Rubber; Unvulcanised, Other than "Camel Back" Strips for Retreading Rubber Tyres in the Philippines (FOB) - 2022
- Imports of Rubber; Unvulcanised, Other than "Camel Back" Strips for Retreading Rubber Tyres in the Philippines
- Exports of Rubber; Unvulcanised, Other than "Camel Back" Strips for Retreading Rubber Tyres in the Philippines
Price for Rubber; Unvulcanised, Other than "Camel Back" Strips for Retreading Rubber Tyres in the Philippines (CIF) - 2022
The average import price for rubber stood at $6,544 per ton in 2022, with a decrease of -25.2% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the average import price increased by 225%. Over the period under review, average import prices hit record highs at $8,748 per ton in 2021, 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 States ($233,330 per ton), while the price for Malaysia ($1,243 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 States (+43.6%), 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 the Philippines (FOB) - 2022
The average export price for rubber stood at $5,759 per ton in 2022, with an increase of 212% against the previous year. Over the period under review, the export price, however, showed a abrupt decline. Over the period under review, the average export prices reached the maximum at $16,189 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 foreign markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($11,400 per ton), while the average price for exports to Thailand ($2,069 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 Japan (+7.9%), 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 the Philippines
In 2022, overseas purchases of rubber were finally on the rise to reach 78 tons after two years of decline. In general, imports, however, showed a significant decrease.
In value terms, imports of rubber soared to $509K in 2022. Overall, imports, however, faced a abrupt slump.
| Import of Rubber; Unvulcanised, Other than "Camel Back" Strips for Retreading Rubber Tyres in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 175 | 122 | 80.3 | 136 | -8.1% |
| Germany | 121 | 146 | 86.1 | 123 | 0.5% |
| Thailand | 154 | 86.1 | 57.7 | 50.0 | -31.3% |
| Australia | 0.8 | N/A | 12.3 | 42.3 | 275.3% |
| Japan | 156 | 102 | 97.9 | 13.7 | -55.6% |
| China | 63.6 | 23.7 | 7.1 | 11.2 | -43.9% |
| Malaysia | 29.1 | 0.1 | N/A | 0.3 | -78.2% |
| Others | 187 | 75.9 | 79.5 | 132 | -11.0% |
| Total | 887 | 556 | 421 | 509 | -16.9% |
Top Suppliers of Rubber; Unvulcanised, Other than "Camel Back" Strips for Retreading Rubber Tyres to the Philippines in 2022:
- South Korea (56.7 tons)
- Thailand (7.8 tons)
- Germany (6.0 tons)
- Australia (2.2 tons)
- China (1.8 tons)
- Japan (1.0 tons)
- Malaysia (0.3 tons)
Exports of Rubber; Unvulcanised, Other than "Camel Back" Strips for Retreading Rubber Tyres in the Philippines
For the third consecutive year, the Philippines recorded decline in shipments abroad of rubber, which decreased by -88.2% to 1.1 tons in 2022. Overall, exports continue to indicate a precipitous slump. The smallest decline of -62.1% was in 2021.
In value terms, exports of rubber shrank markedly to $6.4K in 2022. Over the period under review, exports faced a precipitous decline. The smallest decline of -59.1% was in 2021.
| Export of Rubber; Unvulcanised, Other than "Camel Back" Strips for Retreading Rubber Tyres in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mexico | 7.7 | 7.9 | 3.2 | 2.1 | -35.2% |
| Thailand | 18.5 | 21.6 | 11.7 | 1.1 | -61.0% |
| Japan | 208 | 0.1 | N/A | 0.1 | -92.2% |
| Indonesia | 112 | 11.0 | N/A | N/A | -90.2% |
| Czech Republic | 1.5 | 1.0 | 0.2 | N/A | -63.5% |
| Others | 3.0 | 1.2 | 2.5 | 3.2 | 2.2% |
| Total | 351 | 42.9 | 17.5 | 6.4 | -73.7% |
Top Export Markets for Rubber; Unvulcanised, Other than "Camel Back" Strips for Retreading Rubber Tyres from the Philippines in 2022:
- Mexico (565.0 kg)
- Thailand (539.0 kg)
- Japan (5.0 kg)
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