Price for Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials in Canada - 2024
Contents:
- Price for Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials in Canada (CIF) - 2022
- Price for Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials in Canada (FOB) - 2022
- Imports of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials in Canada
- Exports of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials in Canada
Price for Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials in Canada (CIF) - 2022
In 2022, the average import price for rubber; vulcanised, conveyor belts or belting, reinforced only with textile materialses amounted to $5,486 per ton, surging by 19% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. Over the period under review, average import prices attained the maximum at $5,577 per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from India ($5,486 per ton) and the United States ($5,486 per ton), while the price for Mexico ($5,486 per ton) and Japan ($5,486 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (-0.2%), while the prices for the other major suppliers experienced a decline.
Price for Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials in Canada (FOB) - 2022
The average export price for rubber; vulcanised, conveyor belts or belting, reinforced only with textile materialses stood at $4,671 per ton in 2022, which is down by -28.3% against the previous year. Over the period under review, the export price saw a perceptible shrinkage. The most prominent rate of growth was recorded in 2021 an increase of 27%. As a result, the export price reached the peak level of $6,514 per ton, and then dropped significantly in the following year.
As there is only one major export destination, the average price level is determined by prices for the United States.
From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to -2.1% per year.
Imports of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials in Canada
In 2022, approx. 26K tons of rubber; vulcanised, conveyor belts or belting, reinforced only with textile materialses were imported into Canada; rising by 6.6% compared with the previous year's figure. The total import volume increased at an average annual rate of +3.0% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when imports increased by 20% against the previous year. Imports peaked in 2022 and are likely to continue growth in the immediate term.
In value terms, imports of rubber; vulcanised, conveyor belts or belting, reinforced only with textile materialses skyrocketed to $141M in 2022. Over the period under review, total imports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +13.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +67.3% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 32%. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in years to come.
| Import of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 59.0 | 51.4 | 64.6 | 78.3 | 9.9% |
| China | 18.0 | 18.9 | 28.5 | 38.9 | 29.3% |
| India | 4.4 | 2.2 | 4.4 | 5.8 | 9.6% |
| Taiwan (Chinese) | 2.8 | 1.8 | 2.5 | 3.2 | 4.6% |
| Mexico | 2.7 | 2.4 | 3.5 | 3.2 | 5.8% |
| Japan | 3.3 | 1.9 | 0.9 | 2.9 | -4.2% |
| Others | 6.4 | 5.4 | 6.1 | 8.4 | 9.5% |
| Total | 96.6 | 84.1 | 111 | 141 | 13.4% |
Top Suppliers of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials to Canada in 2022:
- United States (14.3K tons)
- China (7.1K tons)
- India (1.1K tons)
- Taiwan (Chinese) (0.6K tons)
- Mexico (0.6K tons)
- Japan (0.5K tons)
Exports of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials in Canada
In 2022, overseas shipments of rubber; vulcanised, conveyor belts or belting, reinforced only with textile materialses increased by 195% to 18K tons for the first time since 2019, thus ending a two-year declining trend. In general, exports continue to indicate a strong increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of rubber; vulcanised, conveyor belts or belting, reinforced only with textile materialses skyrocketed to $82M in 2022. Overall, exports saw a strong expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 61.6 | 42.7 | 31.4 | 76.6 | 7.5% |
| Mexico | 1.5 | 1.0 | 1.6 | 0.5 | -30.7% |
| Others | 3.0 | 3.2 | 5.8 | 5.1 | 19.3% |
| Total | 66.1 | 46.9 | 38.8 | 82.1 | 7.5% |
Top Export Markets for Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials from Canada in 2022:
- United States (16.4K tons)
- Mexico (0.1K tons)
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