Price for Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Metal in Sri Lanka - 2022
Contents:
- Price for Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Metal in Sri Lanka (CIF) - 2022
- Price for Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Metal in Sri Lanka (FOB) - 2022
- Imports of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Metal in Sri Lanka
- Exports of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Metal in Sri Lanka
Price for Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Metal in Sri Lanka (CIF) - 2022
The average import price for rubber; vulcanised, conveyor belts or belting, reinforced only with metals stood at $5,529 per ton in 2022, declining by -35.6% against the previous year. Overall, the import price, however, saw slight growth. The most prominent rate of growth was recorded in 2016 an increase of 142%. As a result, import price attained the peak level of $12,292 per ton. From 2017 to 2022, the average import prices remained at a somewhat lower figure.
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 Germany ($45,455 per ton), while the price for China ($4,683 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+37.6%), 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 Sri Lanka (FOB) - 2022
In 2022, the average export price for rubber; vulcanised, conveyor belts or belting, reinforced only with metals amounted to $31,667 per ton, growing by 388% against the previous year. Over the period under review, the export price showed a buoyant expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
As there is only one major export destination, the average price level is determined by prices for Maldives.
From 2012 to 2022, the rate of growth in terms of prices for Seychelles amounted to +2.2% per year.
Imports of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Metal in Sri Lanka
In 2022, imports of rubber; vulcanised, conveyor belts or belting, reinforced only with metals into Sri Lanka surged to 27 tons, rising by 20% compared with the previous year. Over the period under review, imports, however, continue to indicate a noticeable curtailment. The growth pace was the most rapid in 2021 with an increase of 72%.
In value terms, imports of rubber; vulcanised, conveyor belts or belting, reinforced only with metals reduced sharply to $150K in 2022. In general, imports, however, continue to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 67% against the previous year.
Import of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Metal in Sri Lanka (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
South Korea | 38.8 | 19.9 | 53.7 | 119 | 45.3% |
Netherlands | 23.7 | 41.9 | 38.7 | 9.3 | -26.8% |
China | 3.8 | 2.0 | 2.8 | 6.2 | 17.7% |
Malaysia | 1.0 | 1.3 | 1.9 | 5.0 | 71.0% |
India | 21.6 | 4.1 | 2.6 | 3.3 | -46.5% |
Germany | 11.1 | 16.2 | 21.6 | 1.0 | -55.2% |
Others | 189 | 30.6 | 72.3 | 6.8 | -67.0% |
Total | 289 | 116 | 194 | 150 | -19.6% |
Top Suppliers of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Metal to Sri Lanka in 2022:
- South Korea (24.4 tons)
- China (1.3 tons)
- Netherlands (0.4 tons)
- India (0.4 tons)
- Malaysia (0.4 tons)
Exports of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Metal in Sri Lanka
Exports of rubber; vulcanised, conveyor belts or belting, reinforced only with metals from Sri Lanka contracted notably to 12 kg in 2022, waning by -78.2% compared with 2021. Overall, exports showed a dramatic descent. The growth pace was the most rapid in 2021 when exports increased by 83% against the previous year.
In value terms, exports of rubber; vulcanised, conveyor belts or belting, reinforced only with metals expanded sharply to $380 in 2022. In general, exports saw a dramatic decrease. The pace of growth was the most pronounced in 2021 when exports increased by 6.6%.
Export of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Metal in Sri Lanka (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Maldives | 2.2 | 0.1 | N/A | 0.4 | -43.3% |
South Korea | 3.0 | N/A | N/A | N/A | 0% |
Kenya | 7.1 | N/A | N/A | N/A | 0% |
Seychelles | 0.3 | N/A | N/A | N/A | 0% |
Slovenia | 3.0 | 0.1 | 0.2 | N/A | -74.2% |
Mexico | 0.7 | N/A | 0.1 | N/A | -62.2% |
Others | 0.2 | 0.2 | N/A | N/A | 0.0% |
Total | 16.4 | 0.3 | 0.4 | 0.4 | -71.0% |
Top Export Markets for Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Metal from Sri Lanka in 2022:
- Maldives (12.0 kg)
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