Price for Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Metal in India - 2023
Contents:
- Price for Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Metal in India (CIF) - 2022
- Price for Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Metal in India (FOB) - 2022
- Imports of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Metal in India
- Exports of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Metal in India
Price for Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Metal in India (CIF) - 2022
The average import price for rubber; vulcanised, conveyor belts or belting, reinforced only with metals stood at $7,008 per ton in 2022, picking up by 6.7% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 56%. The import price peaked at $7,291 per ton in 2020; however, from 2021 to 2022, 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 Japan ($20,539 per ton), while the price for China ($3,648 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+9.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Metal in India (FOB) - 2022
The average export price for rubber; vulcanised, conveyor belts or belting, reinforced only with metals stood at $3,844 per ton in 2022, with an increase of 31% against the previous year. Overall, the export price, however, showed a perceptible slump. The growth pace was the most rapid in 2018 when the average export price increased by 34% against the previous year. Over the period under review, the average export prices hit record highs at $5,899 per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.
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 Guinea ($10,093 per ton), while the average price for exports to Italy ($1,814 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 Guinea (+7.5%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Metal in India
In 2022, approx. 1.8K tons of rubber; vulcanised, conveyor belts or belting, reinforced only with metals were imported into India; surging by 12% on the previous year's figure. In general, imports, however, continue to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2021 with an increase of 27%.
In value terms, imports of rubber; vulcanised, conveyor belts or belting, reinforced only with metals soared to $12M in 2022. Overall, imports, however, continue to indicate a perceptible downturn.
| Import of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Metal in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 2.0 | 4.0 | 3.7 | 4.3 | 29.1% |
| China | 6.9 | 2.5 | 2.1 | 2.9 | -25.1% |
| South Korea | 0.8 | 0.5 | 0.6 | 2.2 | 40.1% |
| Belgium | 1.4 | 0.6 | 1.1 | 0.9 | -13.7% |
| Italy | 0.1 | 0.3 | 0.4 | 0.6 | 81.7% |
| Thailand | 0.1 | 0.2 | 0.3 | 0.5 | 71.0% |
| Australia | 0.9 | 0.2 | 1.4 | 0.2 | -39.4% |
| Others | 1.8 | 0.8 | 0.7 | 0.8 | -23.7% |
| Total | 14.0 | 9.0 | 10.4 | 12.3 | -4.2% |
Top Suppliers of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Metal to India in 2022:
- China (794.7 tons)
- South Korea (390.1 tons)
- Germany (271.0 tons)
- Thailand (105.0 tons)
- Italy (57.9 tons)
- Belgium (50.4 tons)
- Australia (26.5 tons)
Exports of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Metal in India
In 2022, overseas shipments of rubber; vulcanised, conveyor belts or belting, reinforced only with metals decreased by -36.7% to 1.6K tons for the first time since 2018, thus ending a three-year rising trend. In general, exports continue to indicate a perceptible contraction. The growth pace was the most rapid in 2020 with an increase of 25% against the previous year.
In value terms, exports of rubber; vulcanised, conveyor belts or belting, reinforced only with metals shrank notably to $6.1M in 2022. Overall, exports recorded a perceptible curtailment. The most prominent rate of growth was recorded in 2020 when exports increased by 7.9% against the previous year.
| Export of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Metal in India (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 46.1 | 716 | 604 | 1,138 | 191.2% |
| Saudi Arabia | 89.7 | 152 | 262 | 981 | 122.0% |
| Egypt | 1.7 | 3.9 | 3.0 | 960 | 726.6% |
| Canada | 76.1 | 38.9 | 67.7 | 597 | 98.7% |
| Mexico | N/A | 148 | N/A | 442 | 72.8% |
| United Arab Emirates | 527 | 154 | 585 | 379 | -10.4% |
| South Africa | 292 | 512 | 8.2 | 213 | -10.0% |
| United Kingdom | 82.2 | 3.3 | 289 | 149 | 21.9% |
| Nepal | 499 | 372 | 606 | 132 | -35.8% |
| Nigeria | 1,021 | 1,070 | 402 | 17.1 | -74.4% |
| Chile | 3.2 | 1,047 | 579 | 6.0 | 23.3% |
| Russia | 462 | 537 | 479 | 1.7 | -84.6% |
| Italy | 1,269 | 936 | 1,614 | 0.4 | -93.2% |
| Others | 2,181 | 1,379 | 1,813 | 1,052 | -21.6% |
| Total | 6,551 | 7,068 | 7,312 | 6,070 | -2.5% |
Top Export Markets for Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Metal from India in 2022:
- United States (314.1 tons)
- Egypt (305.3 tons)
- Saudi Arabia (231.5 tons)
- Canada (217.3 tons)
- Mexico (102.0 tons)
- South Africa (92.2 tons)
- United Arab Emirates (91.8 tons)
- United Kingdom (44.0 tons)
- Nepal (21.0 tons)
- Nigeria (6.1 tons)
- Chile (2.1 tons)
- Russia (0.4 tons)
- Italy (0.2 tons)
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