Price for Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials in Vietnam - 2022
Contents:
- Price for Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials in Vietnam (CIF) - 2022
- Price for Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials in Vietnam (FOB) - 2022
- Imports of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials in Vietnam
- Exports of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials in Vietnam
Price for Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials in Vietnam (CIF) - 2022
In 2022, the average import price for rubber; vulcanised, conveyor belts or belting, reinforced only with textile materialses amounted to $5,486 per ton, surging by 16% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of 17% against the previous year. Over the period under review, average import prices attained the maximum at $5,577 per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Australia ($5,486 per ton) and Japan ($5,486 per ton), while the price for China ($5,486 per ton) and South Korea ($5,486 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+0.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials in Vietnam (FOB) - 2022
The average export price for rubber; vulcanised, conveyor belts or belting, reinforced only with textile materialses stood at $4,671 per ton in 2022, surging by 3.1% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the average export price increased by 33%. As a result, the export price attained the peak level of $6,576 per ton. From 2021 to 2022, the average export prices remained at a somewhat lower figure.
Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Japan ($4,671 per ton) and Malaysia ($4,671 per ton), while the average price for exports to Thailand ($4,671 per ton) and South Korea ($4,671 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Morocco (+13.4%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials in Vietnam
In 2022, supplies from abroad of rubber; vulcanised, conveyor belts or belting, reinforced only with textile materialses was finally on the rise to reach 4K tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, showed a perceptible downturn.
In value terms, imports of rubber; vulcanised, conveyor belts or belting, reinforced only with textile materialses surged to $22M in 2022. The total import value increased at an average annual rate of +10.4% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached 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 Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 11.2 | 11.5 | 13.9 | 18.2 | 17.6% |
| Japan | 1.5 | 1.3 | 1.3 | 1.8 | 6.3% |
| Australia | 0.7 | 1.1 | 1.0 | 0.9 | 8.7% |
| Germany | 1.2 | 0.6 | 0.3 | 0.3 | -37.0% |
| South Korea | 0.5 | 0.7 | 0.3 | 0.2 | -26.3% |
| Taiwan (Chinese) | 0.5 | 0.3 | 0.2 | 0.1 | -41.5% |
| Others | 0.7 | 0.8 | 0.5 | 0.5 | -10.6% |
| Total | 16.3 | 16.5 | 17.5 | 22.0 | 10.5% |
Top Suppliers of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials to Vietnam in 2022:
- China (3312.5 tons)
- Japan (327.8 tons)
- Australia (165.6 tons)
- Germany (63.2 tons)
- South Korea (28.8 tons)
- Taiwan (Chinese) (19.5 tons)
Exports of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials in Vietnam
In 2022, the amount of rubber; vulcanised, conveyor belts or belting, reinforced only with textile materialses exported from Vietnam contracted to 4.5K tons, which is down by -2.7% against 2021 figures. In general, exports, however, enjoyed prominent growth. The growth pace was the most rapid in 2021 when exports increased by 117% against the previous year. As a result, the exports reached the peak of 4.6K tons, and then shrank modestly in the following year.
In value terms, exports of rubber; vulcanised, conveyor belts or belting, reinforced only with textile materialses totaled $21M in 2022. Overall, total exports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +12.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +50.0% against 2020 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 50% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.
| Export of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 10.7 | 10.3 | 15.9 | 16.8 | 16.2% |
| Indonesia | 2.6 | 1.6 | 3.0 | 2.2 | -5.4% |
| United States | N/A | 0.6 | 0.5 | 0.9 | 22.5% |
| Japan | 0.3 | 0.3 | 0.3 | 0.3 | 0.0% |
| Others | 1.1 | 1.2 | 1.2 | 0.9 | -6.5% |
| Total | 14.8 | 14.0 | 20.9 | 21.0 | 12.4% |
Top Export Markets for Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials from Vietnam in 2022:
- South Korea (3596.2 tons)
- Indonesia (464.9 tons)
- United States (184.6 tons)
- Japan (53.8 tons)
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