Price for Rubber; Unvulcanised, Other than "Camel Back" Strips for Retreading Rubber Tyres in the United States - 2024
Contents:
- Price for Rubber; Unvulcanised, Other than "Camel Back" Strips for Retreading Rubber Tyres in the United States (FOB) - 2022
- Price for Rubber; Unvulcanised, Other than "Camel Back" Strips for Retreading Rubber Tyres in the United States (CIF) - 2022
- Exports of Rubber; Unvulcanised, Other than "Camel Back" Strips for Retreading Rubber Tyres in the United States
- Imports of Rubber; Unvulcanised, Other than "Camel Back" Strips for Retreading Rubber Tyres in the United States
Price for Rubber; Unvulcanised, Other than "Camel Back" Strips for Retreading Rubber Tyres in the United States (FOB) - 2022
The average export price for rubber stood at $20,854 per ton in 2022, falling by -21.3% against the previous year. Overall, the export price, however, showed a resilient increase. The growth pace was the most rapid in 2016 when the average export price increased by 92%. Over the period under review, the average export prices attained the maximum at $30,270 per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Singapore ($67,487 per ton), while the average price for exports to the Dominican Republic ($1,967 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 Canada (+37.0%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Rubber; Unvulcanised, Other than "Camel Back" Strips for Retreading Rubber Tyres in the United States (CIF) - 2022
In 2022, the average import price for rubber amounted to $3,593 per ton, shrinking by -5.1% against the previous year. Over the period under review, import price indicated a temperate expansion from 2012 to 2022: its price increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for rubber decreased by -9.7% against 2020 indices. The pace of growth was the most pronounced in 2020 an increase of 76% against the previous year. As a result, import price reached the peak level of $3,978 per ton. From 2021 to 2022, the average import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($3,599 per ton), while the price for Mexico ($1,901 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+5.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Rubber; Unvulcanised, Other than "Camel Back" Strips for Retreading Rubber Tyres in the United States
Exports of rubber from the United States skyrocketed to 3.7K tons in 2022, increasing by 16% on the year before. Over the period under review, exports, however, recorded a mild setback. The growth pace was the most rapid in 2021 with an increase of 19%.
In value terms, exports of rubber reduced to $78M in 2022. Overall, exports, however, saw a deep slump. The most prominent rate of growth was recorded in 2021 when exports increased by 4%.
| Export of Rubber; Unvulcanised, Other than "Camel Back" Strips for Retreading Rubber Tyres in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 9.1 | 8.8 | 9.7 | 12.0 | 9.7% |
| Germany | 8.3 | 7.6 | 9.0 | 10.5 | 8.2% |
| Canada | 20.2 | 20.0 | 16.2 | 9.3 | -22.8% |
| Singapore | 7.1 | 5.7 | 5.6 | 7.1 | 0.0% |
| Mexico | 7.7 | 7.3 | 5.6 | 6.8 | -4.1% |
| China | 4.8 | 6.3 | 5.6 | 6.4 | 10.1% |
| India | 1.7 | 1.1 | 1.0 | 1.7 | 0.0% |
| Philippines | 0.1 | N/A | N/A | 1.3 | 135.1% |
| Brazil | 1.0 | 0.9 | 0.8 | 1.2 | 6.3% |
| Dominican Republic | 1.8 | 2.2 | 2.1 | 1.0 | -17.8% |
| Taiwan (Chinese) | 0.1 | 0.2 | 0.2 | 0.8 | 100.0% |
| Israel | 1.1 | 0.7 | 0.8 | 0.7 | -14.0% |
| Nicaragua | N/A | N/A | 0.1 | 0.5 | 400.0% |
| Others | 28.4 | 21.9 | 29.3 | 18.8 | -12.8% |
| Total | 91.4 | 82.7 | 86.0 | 78.2 | -5.1% |
Top Export Markets for Rubber; Unvulcanised, Other than "Camel Back" Strips for Retreading Rubber Tyres from the United States in 2022:
- Mexico (642.1 tons)
- Dominican Republic (517.3 tons)
- United Kingdom (322.6 tons)
- Germany (231.1 tons)
- China (187.5 tons)
- Brazil (162.0 tons)
- Canada (148.8 tons)
- India (138.3 tons)
- Nicaragua (113.3 tons)
- Singapore (105.9 tons)
- Taiwan (Chinese) (64.8 tons)
- Philippines (63.0 tons)
- Israel (59.1 tons)
Imports of Rubber; Unvulcanised, Other than "Camel Back" Strips for Retreading Rubber Tyres in the United States
In 2022, the amount of rubber imported into the United States soared to 5.9K tons, with an increase of 31% against 2021. In general, imports, however, showed a deep downturn. The growth pace was the most rapid in 2021 when imports increased by 53% against the previous year.
In value terms, imports of rubber surged to $21M in 2022. Over the period under review, imports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 45% against the previous year.
| Import of Rubber; Unvulcanised, Other than "Camel Back" Strips for Retreading Rubber Tyres in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 9.0 | 3.0 | 4.7 | 8.6 | -1.5% |
| China | 5.6 | 3.1 | 5.1 | 3.8 | -12.1% |
| Mexico | 0.3 | 0.2 | 0.7 | 2.6 | 105.4% |
| Turkey | 0.5 | 0.2 | 0.5 | 0.4 | -7.2% |
| India | 0.1 | 0.3 | 0.3 | 0.4 | 58.7% |
| Vietnam | 0.6 | 0.7 | 0.8 | 0.3 | -20.6% |
| Others | 5.4 | 4.2 | 5.0 | 5.2 | -1.3% |
| Total | 21.4 | 11.7 | 17.0 | 21.2 | -0.3% |
Top Suppliers of Rubber; Unvulcanised, Other than "Camel Back" Strips for Retreading Rubber Tyres to the United States in 2022:
- Canada (2758.5 tons)
- Mexico (1353.5 tons)
- China (1045.0 tons)
- India (140.3 tons)
- Turkey (122.7 tons)
- Vietnam (105.6 tons)
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