Price for Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Metal in South Africa - 2024
Contents:
- Price for Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Metal in South Africa (FOB) - 2022
- Price for Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Metal in South Africa (CIF) - 2024
- Exports of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Metal in South Africa
- Imports of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Metal in South Africa
Price for Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Metal in South Africa (FOB) - 2022
The average export price for rubber; vulcanised, conveyor belts or belting, reinforced only with metals stood at $6,219 per ton in 2022, with an increase of 31% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 an increase of 50%. Over the period under review, the average export prices attained the maximum at $6,782 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United Arab Emirates ($10,265 per ton), while the average price for exports to Germany ($2,048 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 Zimbabwe (+7.9%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Metal in South Africa (CIF) - 2024
The average import price for rubber; vulcanised, conveyor belts or belting, reinforced only with metals stood at $3,131 per ton in January 2024, increasing by 21% against the previous month. Overall, the import price, however, saw a abrupt decrease. The most prominent rate of growth was recorded in June 2023 an increase of 675% against the previous month. As a result, import price reached the peak level of $22,754 per ton. From July 2023 to January 2024, the average import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In January 2024, the country with the highest price was India ($11,238 per ton), while the price for China totaled $2,738 per ton.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was attained by India (+2.5%).
Exports of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Metal in South Africa
In 2022, overseas shipments of rubber; vulcanised, conveyor belts or belting, reinforced only with metals were finally on the rise to reach 1.4K tons for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, recorded a dramatic decrease.
In value terms, exports of rubber; vulcanised, conveyor belts or belting, reinforced only with metals surged to $9M in 2022. Over the period under review, exports, however, saw a relatively flat trend pattern.
| Export of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Metal in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Zimbabwe | 153 | 1,120 | 1,253 | 3,787 | 191.4% |
| Thailand | 1,086 | N/A | N/A | 1,310 | 6.5% |
| Nigeria | 17.3 | 4.9 | 330 | 1,258 | 317.4% |
| Israel | 77.2 | N/A | 1,045 | 574 | 95.2% |
| Namibia | 118 | 83.2 | 104 | 286 | 34.3% |
| Zambia | 79.0 | 139 | 187 | 277 | 51.9% |
| United Arab Emirates | 7.4 | N/A | 0.1 | 265 | 229.6% |
| Germany | 4,211 | 1,344 | 295 | 226 | -62.3% |
| Madagascar | 4.4 | 82.9 | 7.6 | 166 | 235.4% |
| Netherlands | 33.3 | 61.6 | 117 | 126 | 55.8% |
| Mozambique | 585 | 277 | 86.9 | 94.8 | -45.5% |
| Saudi Arabia | 801 | 824 | 167 | 11.6 | -75.6% |
| Guinea | 470 | 833 | N/A | 1.1 | -86.7% |
| Others | 1,526 | 334 | 1,233 | 613 | -26.2% |
| Total | 9,169 | 5,103 | 4,827 | 8,996 | -0.6% |
Top Export Markets for Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Metal from South Africa in 2022:
- Zimbabwe (372.2 tons)
- Thailand (310.4 tons)
- Nigeria (232.0 tons)
- Israel (117.5 tons)
- Germany (110.3 tons)
- Zambia (56.6 tons)
- Netherlands (44.7 tons)
- Madagascar (42.7 tons)
- Namibia (28.8 tons)
- United Arab Emirates (25.8 tons)
- Mozambique (9.4 tons)
- Saudi Arabia (4.8 tons)
- Guinea (0.1 tons)
Imports of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Metal in South Africa
In 2022, imports of rubber; vulcanised, conveyor belts or belting, reinforced only with metals into South Africa expanded significantly to 1.3K tons, rising by 9.1% compared with 2021 figures. Overall, imports, however, continue to indicate a abrupt downturn.
In value terms, imports of rubber; vulcanised, conveyor belts or belting, reinforced only with metals skyrocketed to $4M in 2022. In general, imports, however, showed a significant contraction.
| Import of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Metal in South Africa (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 3.4 | 0.6 | 1.7 | 1.8 | -19.1% |
| Germany | 1.9 | 2.0 | 0.9 | 1.7 | -3.6% |
| India | 0.4 | 0.5 | N/A | 0.2 | -20.6% |
| Slovakia | 2.0 | 0.2 | N/A | N/A | -90.0% |
| Others | 0.2 | 0.3 | 0.4 | 0.3 | 14.5% |
| Total | 7.9 | 3.6 | 3.1 | 4.0 | -20.3% |
Top Suppliers of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Metal to South Africa in 2022:
- China (841.4 tons)
- Germany (248.1 tons)
- India (103.4 tons)
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