Price for Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials in Myanmar - 2023
Contents:
- Price for Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials in Myanmar (CIF) - 2022
- Price for Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials in Myanmar (FOB) - 2022
- Imports of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials in Myanmar
- Exports of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials in Myanmar
Price for Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials in Myanmar (CIF) - 2022
In 2022, the average import price for rubber; vulcanised, conveyor belts or belting, reinforced only with textile materialses amounted to $868 per ton, shrinking by -4.5% against the previous year. In general, the import price showed a abrupt setback. The most prominent rate of growth was recorded in 2017 when the average import price increased by 173%. Over the period under review, average import prices attained the peak figure at $5,577 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
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 Japan ($110,000 per ton), while the price for China amounted to $863 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+87.7%), 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 Myanmar (FOB) - 2022
In 2021, the average export price for rubber; vulcanised, conveyor belts or belting, reinforced only with textile materialses amounted to $5,189 per ton, rising by 66% against the previous year. Over the period under review, export price indicated a significant increase from 2020 to 2021: its price increased at an average annual rate of +66.4% over the last one years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. 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 Kuwait.
From 2020 to 2021, the rate of growth in terms of prices for Kuwait amounted to +66.4% per year.
Imports of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials in Myanmar
Imports of rubber; vulcanised, conveyor belts or belting, reinforced only with textile materialses into Myanmar surged to 1.2K tons in 2022, jumping by 180% against 2021 figures. In general, imports recorded significant growth. As a result, imports attained the peak 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 surged to $1M in 2022. Overall, imports posted a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
Import of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials in Myanmar (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 246 | 316 | 373 | 1,008 | 60.0% |
Others | 9.1 | 190 | 5.2 | 5.4 | -16.0% |
Total | 255 | 506 | 378 | 1,013 | 58.4% |
Top Suppliers of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials to Myanmar in 2022:
- China (1167.8 tons)
Exports of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials in Myanmar
In 2021, the amount of rubber; vulcanised, conveyor belts or belting, reinforced only with textile materialses exported from Myanmar contracted significantly to 1.4 tons, reducing by -72% compared with the year before. In general, exports showed a dramatic contraction.
In value terms, exports of rubber; vulcanised, conveyor belts or belting, reinforced only with textile materialses reduced sharply to $7.1K in 2021. Over the period under review, exports recorded a sharp reduction.
Export of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials in Myanmar (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2020 | 2021 | CAGR, 2020-2021 | ||
Kuwait | 15.2 | 7.1 | -53.3% | ||
Others | N/A | N/A | 0% | ||
Total | 15.2 | 7.1 | -53.3% |
Top Export Markets for Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials from Myanmar in 2022:
- Kuwait (1.4 tons)
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