Price for Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials in Hungary - 2023
Contents:
- Price for Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials in Hungary (FOB) - 2023
- Price for Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials in Hungary (CIF) - 2022
- Exports of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials in Hungary
- Imports of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials in Hungary
Price for Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials in Hungary (FOB) - 2023
In November 2023, the average export price for rubber; vulcanised, conveyor belts or belting, reinforced only with textile materialses amounted to $6,583 per ton, increasing by 11% against the previous month. Overall, the export price showed a relatively flat trend pattern. Over the period under review, the average export prices attained the maximum at $7,461 per ton in June 2023; however, from July 2023 to November 2023, the export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was the UK ($8,284 per ton), while the average price for exports to Finland ($4,419 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Poland (+17.2%), 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 Textile Materials in Hungary (CIF) - 2022
In 2022, the average import price for rubber; vulcanised, conveyor belts or belting, reinforced only with textile materialses amounted to $6,851 per ton, picking up by 52% against the previous year. Overall, the import price showed a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
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 ($17,041 per ton), while the price for Turkey ($2,693 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bulgaria (+0.6%), while the prices for the other major suppliers experienced a decline.
Exports of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials in Hungary
In 2022, approx. 14K tons of rubber; vulcanised, conveyor belts or belting, reinforced only with textile materialses were exported from Hungary; dropping by -11.5% compared with 2021 figures. Overall, exports saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 when exports increased by 16% against the previous year. As a result, the exports attained the peak of 16K tons, and then dropped in the following year.
In value terms, exports of rubber; vulcanised, conveyor belts or belting, reinforced only with textile materialses expanded significantly to $70M in 2022. The total export value increased at an average annual rate of +6.7% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 12% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in years to come.
| Export of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials in Hungary (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 22.2 | 20.7 | 16.0 | 19.3 | -4.6% |
| United Kingdom | 4.1 | 3.5 | 6.4 | 6.7 | 17.8% |
| Slovakia | 0.5 | 0.3 | 5.8 | 5.5 | 122.4% |
| Finland | 2.9 | 4.7 | 5.9 | 4.9 | 19.1% |
| Sweden | 4.0 | 4.5 | 5.6 | 4.2 | 1.6% |
| France | 3.3 | 3.7 | 5.9 | 3.5 | 2.0% |
| Turkey | 1.2 | 1.3 | 2.1 | 2.7 | 31.0% |
| Morocco | 0.7 | N/A | 0.1 | 2.6 | 54.9% |
| South Africa | N/A | N/A | 1.1 | 2.5 | 127.3% |
| Brazil | 0.9 | 0.1 | 0.9 | 1.7 | 23.6% |
| Jordan | N/A | N/A | 0.2 | 1.3 | 550.0% |
| Saudi Arabia | 1.0 | 2.4 | 0.6 | 1.2 | 6.3% |
| Spain | 2.0 | 1.7 | 1.0 | 1.2 | -15.7% |
| Others | 14.7 | 15.4 | 13.6 | 12.5 | -5.3% |
| Total | 57.4 | 58.3 | 65.3 | 69.8 | 6.7% |
Top Export Markets for Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials from Hungary in 2022:
- Germany (3.8K tons)
- United Kingdom (1.2K tons)
- Slovakia (1.2K tons)
- Finland (1.1K tons)
- France (0.9K tons)
- Sweden (0.9K tons)
- Morocco (0.8K tons)
- Turkey (0.5K tons)
- South Africa (0.5K tons)
- Brazil (0.3K tons)
- Jordan (0.3K tons)
- Saudi Arabia (0.2K tons)
- Spain (0.2K tons)
Imports of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials in Hungary
In 2022, the amount of rubber; vulcanised, conveyor belts or belting, reinforced only with textile materialses imported into Hungary shrank rapidly to 854 tons, waning by -64.5% on the previous year's figure. In general, imports saw a deep contraction. The most prominent rate of growth was recorded in 2021 when imports increased by 87% against the previous year. As a result, imports attained the peak of 2.4K tons, and then fell dramatically in the following year.
In value terms, imports of rubber; vulcanised, conveyor belts or belting, reinforced only with textile materialses declined sharply to $5.8M in 2022. Overall, imports, however, enjoyed mild growth. The most prominent rate of growth was recorded in 2021 when imports increased by 70% against the previous year. As a result, imports attained the peak of $11M, and then dropped remarkably in the following year.
| Import of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials in Hungary (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 2,096 | 2,305 | 4,029 | 3,127 | 14.3% |
| Netherlands | 602 | 974 | 1,026 | 849 | 12.1% |
| Turkey | 594 | 1,085 | 745 | 533 | -3.5% |
| Czech Republic | 245 | 163 | 3,708 | 437 | 21.3% |
| Italy | 202 | 170 | 307 | 210 | 1.3% |
| Romania | 212 | 60.0 | 138 | 120 | -17.3% |
| China | 170 | 647 | 58.9 | 88.1 | -19.7% |
| Bulgaria | 951 | 331 | 37.1 | 36.0 | -66.4% |
| Poland | 130 | 240 | 275 | 20.3 | -46.2% |
| Others | 437 | 411 | 508 | 428 | -0.7% |
| Total | 5,639 | 6,387 | 10,831 | 5,848 | 1.2% |
Top Suppliers of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials to Hungary in 2022:
- Turkey (197.9 tons)
- Netherlands (184.8 tons)
- Germany (183.5 tons)
- Czech Republic (127.6 tons)
- Italy (47.2 tons)
- China (29.8 tons)
- Romania (26.1 tons)
- Bulgaria (10.8 tons)
- Poland (6.5 tons)
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