Price for Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials in Finland - 2023

Contents:

1. Price for Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials in Finland (CIF) - 2023
2. Price for Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials in Finland (FOB) - 2022
3. Imports of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials in Finland
4. Exports of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials in Finland

Price for Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials in Finland (CIF) - 2023

The average import price for rubber; vulcanised, conveyor belts or belting, reinforced only with textile materialses stood at $4,240 per ton in November 2023, surging by 2.1% against the previous month. Over the period under review, the import price, however, continues to indicate a slight descent. The most prominent rate of growth was recorded in April 2023 when the average import price increased by 42% m-o-m. Over the period under review, average import prices hit record highs at $6,304 per ton in June 2023; however, from July 2023 to November 2023, import prices failed to regain momentum.

Prices varied noticeably by the country of origin: the country with the highest price was Sweden ($12,446 per ton), while the price for China ($1,614 per ton) was amongst the lowest.

From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Hungary (-0.4%), 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 Finland (FOB) - 2022

The average export price for rubber; vulcanised, conveyor belts or belting, reinforced only with textile materialses stood at $6,890 per ton in 2022, shrinking by -48.3% against the previous year. Over the period under review, the export price recorded a noticeable curtailment. The pace of growth appeared the most rapid in 2013 an increase of 18%. The export price peaked at $13,333 per ton in 2021, and then shrank dramatically in the following year.

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 Belgium ($274,107 per ton), while the average price for exports to Estonia ($4,781 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 Belgium (+42.7%), 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 Textile Materials in Finland

After three years of growth, purchases abroad of rubber; vulcanised, conveyor belts or belting, reinforced only with textile materialses decreased by -4% to 3.4K tons in 2022. In general, total imports indicated prominent growth from 2019 to 2022: its volume increased at an average annual rate of +11.6% 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 +39.1% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 40% against the previous year. As a result, imports attained the peak of 3.5K tons, and then declined slightly in the following year.

In value terms, imports of rubber; vulcanised, conveyor belts or belting, reinforced only with textile materialses expanded slightly to $14M in 2022. Overall, total imports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +16.9% 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 +59.7% against 2019 indices. The pace of growth was the most pronounced in 2021 with an increase of 45%. Over the period under review, imports of reached the peak figure in 2022 and are likely to see steady growth in the near future.

Top Suppliers of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials to Finland in 2022:

1. Hungary (1344.3 tons)
2. China (581.0 tons)
3. Turkey (562.9 tons)
4. Poland (407.2 tons)
5. Romania (211.0 tons)
6. Germany (88.6 tons)
7. Sweden (82.4 tons)
8. Netherlands (68.1 tons)

Exports of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials in Finland

After two years of decline, overseas shipments of rubber; vulcanised, conveyor belts or belting, reinforced only with textile materialses increased by 344% to 897 tons in 2022. Over the period under review, exports recorded a strong expansion. As a result, the exports attained 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 $6.2M in 2022. In general, exports, however, recorded a deep slump.

Top Export Markets for Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials from Finland in 2022:

1. Estonia (608.2 tons)
2. Netherlands (111.9 tons)
3. Sweden (44.0 tons)
4. Germany (31.6 tons)
5. Russia (22.6 tons)
6. United States (13.1 tons)
7. France (11.3 tons)
8. Austria (10.4 tons)
9. Norway (4.4 tons)
10. Belgium (0.1 tons)

Source: IndexBox Market Intelligence Platform