Price for Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials in South Africa - 2024
Contents:
- Price for Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials in South Africa (CIF) - 2024
- Price for Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials in South Africa (FOB) - 2022
- Imports of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials in South Africa
- Exports of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials in South Africa
Price for Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials in South Africa (CIF) - 2024
In January 2024, the average import price for rubber; vulcanised, conveyor belts or belting, reinforced only with textile materialses amounted to $2,895 per ton, dropping by -28% against the previous month. Overall, import price indicated a measured increase from January 2023 to January 2024: its price increased at an average monthly rate of +2.3% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on January 2024 figures, import price for rubber; vulcanised, conveyor belts or belting, reinforced only with textile materialses decreased by -28.0% against December 2023 indices. The growth pace was the most rapid in February 2023 when the average import price increased by 33% month-to-month. The import price peaked at $4,023 per ton in December 2023, and then contracted significantly in the following month.
Prices varied noticeably by the country of origin: the country with the highest price was India ($3,774 per ton), while the price for China totaled $2,340 per ton.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was attained by China (+2.5%).
Price for Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials in South Africa (FOB) - 2022
The average export price for rubber; vulcanised, conveyor belts or belting, reinforced only with textile materialses stood at $4,212 per ton in 2022, increasing by 7.1% against the previous year. Over the last decade, it increased at an average annual rate of +1.7%. The pace of growth was the most pronounced in 2015 an increase of 29% against the previous year. Over the period under review, the average export prices reached the peak figure at $4,341 per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.
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 Guinea ($6,115 per ton), while the average price for exports to Pakistan ($105 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 Botswana (+3.8%), 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 South Africa
In 2022, purchases abroad of rubber; vulcanised, conveyor belts or belting, reinforced only with textile materialses decreased by -19.4% to 7.5K tons, falling for the second consecutive year after two years of growth. The total import volume increased at an average annual rate of +2.9% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when imports increased by 35% against the previous year. As a result, imports reached the peak of 9.3K tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
In value terms, imports of rubber; vulcanised, conveyor belts or belting, reinforced only with textile materialses totaled $22M in 2022. Over the period under review, imports showed a relatively flat trend pattern.
| Import of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials in South Africa (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 9.6 | 14.7 | 14.7 | 11.1 | 5.0% |
| India | 4.8 | 4.5 | 3.5 | 6.5 | 10.6% |
| Hungary | N/A | N/A | 1.1 | 2.9 | 163.6% |
| Germany | 3.4 | 0.7 | 0.8 | 0.4 | -51.0% |
| Slovakia | 3.2 | 1.4 | 0.8 | N/A | -50.0% |
| Others | 1.4 | 1.1 | 1.1 | 1.2 | -5.0% |
| Total | 22.5 | 22.3 | 22.1 | 22.1 | -0.6% |
Top Suppliers of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials to South Africa in 2022:
- China (5.0K tons)
- India (1.8K tons)
- Hungary (0.6K tons)
Exports of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials in South Africa
In 2022, after three years of growth, there was significant decline in overseas shipments of rubber; vulcanised, conveyor belts or belting, reinforced only with textile materialses, when their volume decreased by -24% to 4.5K tons. Overall, exports showed a relatively flat trend pattern. The growth pace was the most rapid in 2020 when exports increased by 17%.
In value terms, exports of rubber; vulcanised, conveyor belts or belting, reinforced only with textile materialses reduced markedly to $19M in 2022. In general, exports recorded a mild decline. The pace of growth appeared the most rapid in 2021 when exports increased by 23%. As a result, the exports reached the peak of $23M, and then contracted markedly in the following year.
| Export of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials in South Africa (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Zambia | 3.8 | 4.0 | 8.0 | 4.1 | 2.6% |
| Guinea | 1.7 | N/A | 0.9 | 2.5 | 13.7% |
| Zimbabwe | 0.7 | 2.9 | 2.2 | 2.1 | 44.2% |
| Nigeria | 0.2 | 0.4 | 1.7 | 1.8 | 108.0% |
| Botswana | N/A | 0.4 | 2.4 | 1.0 | 58.1% |
| Mali | N/A | 0.1 | 0.1 | 0.8 | 182.8% |
| Ghana | 0.1 | 0.7 | 0.6 | 0.7 | 91.3% |
| Namibia | 1.8 | 0.3 | 0.6 | 0.7 | -27.0% |
| Saudi Arabia | 2.9 | 1.1 | 0.8 | 0.6 | -40.9% |
| Mozambique | 0.4 | 0.2 | 0.4 | 0.6 | 14.5% |
| United Arab Emirates | 0.8 | 0.4 | N/A | 0.5 | -14.5% |
| Germany | 0.1 | N/A | 0.2 | 0.2 | 26.0% |
| Pakistan | N/A | N/A | N/A | N/A | 0% |
| Others | 7.0 | 8.1 | 5.3 | 3.3 | -22.2% |
| Total | 19.6 | 18.8 | 23.1 | 18.8 | -1.4% |
Top Export Markets for Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials from South Africa in 2022:
- Zambia (953.9 tons)
- Nigeria (404.8 tons)
- Guinea (403.5 tons)
- Zimbabwe (397.8 tons)
- Mali (309.9 tons)
- Botswana (238.4 tons)
- Ghana (235.7 tons)
- Namibia (179.1 tons)
- Pakistan (146.8 tons)
- Mozambique (142.9 tons)
- Saudi Arabia (111.4 tons)
- United Arab Emirates (111.4 tons)
- Germany (101.0 tons)
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