Price for Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials in Saudi Arabia - 2022

Contents:

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

Price for Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials in Saudi Arabia (FOB) - 2022

In 2022, the average export price for rubber; vulcanised, conveyor belts or belting, reinforced only with textile materialses amounted to $14,131 per ton, remaining relatively unchanged against the previous year. Overall, the export price continues to indicate a prominent expansion. The growth pace was the most rapid in 2017 an increase of 135%. The export price peaked in 2022 and is likely to continue growth in years to come.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Switzerland ($24,225 per ton), while the average price for exports to the Netherlands totaled $4,221 per ton.

From 2016 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (+72.9%).

Price for Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials in Saudi Arabia (CIF) - 2022

The average import price for rubber; vulcanised, conveyor belts or belting, reinforced only with textile materialses stood at $2,668 per ton in 2021, picking up by 4% against the previous year. Overall, the import price, however, showed a noticeable slump. The most prominent rate of growth was recorded in 2018 an increase of 21% against the previous year. Over the period under review, average import prices hit record highs at $4,343 per ton in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Germany ($23,260 per ton), while the price for China ($1,608 per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Indonesia (+31.2%), while the prices for the other major suppliers experienced mixed trend patterns.

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

In 2022, overseas shipments of rubber; vulcanised, conveyor belts or belting, reinforced only with textile materialses decreased by -8.1% to 654 kg, falling for the second year in a row after two years of growth. Overall, exports recorded a sharp reduction. The most prominent rate of growth was recorded in 2020 with an increase of 441%. As a result, the exports attained the peak of 7.7 tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of rubber; vulcanised, conveyor belts or belting, reinforced only with textile materialses dropped to $9.2K in 2022. Over the period under review, exports continue to indicate a drastic downturn. The pace of growth appeared the most rapid in 2020 when exports increased by 536% against the previous year. As a result, the exports attained the peak of $85K. From 2021 to 2022, the growth of the exports of failed to regain momentum.

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

1. Netherlands (330.0 kg)
2. Switzerland (324.0 kg)

Imports of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials in Saudi Arabia

In 2021, after two years of growth, there was significant decline in overseas purchases of rubber; vulcanised, conveyor belts or belting, reinforced only with textile materialses, when their volume decreased by -9.4% to 7.5K tons. Overall, imports, however, enjoyed a significant increase. The growth pace was the most rapid in 2020 with an increase of 98% against the previous year. As a result, imports reached the peak of 8.2K tons, and then reduced in the following year.

In value terms, imports of rubber; vulcanised, conveyor belts or belting, reinforced only with textile materialses reduced to $20M in 2021. The total import value increased at an average annual rate of +11.4% from 2019 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 with an increase of 32% against the previous year. As a result, imports attained the peak of $21M, and then declined in the following year.

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

1. China (5061.4 tons)
2. India (1091.6 tons)
3. Netherlands (364.9 tons)
4. Indonesia (143.2 tons)
5. Hungary (127.5 tons)
6. United Arab Emirates (118.8 tons)
7. South Africa (105.7 tons)
8. Germany (29.0 tons)

Source: IndexBox Market Intelligence Platform