Price for Rubber; Vulcanised (Other than Hard Rubber), Gloves Other than Surgical Gloves in Pakistan - 2023

Contents:

1. Price for Rubber; Vulcanised (Other than Hard Rubber), Gloves Other than Surgical Gloves in Pakistan (CIF) - 2022
2. Price for Rubber; Vulcanised (Other than Hard Rubber), Gloves Other than Surgical Gloves in Pakistan (FOB) - 2022
3. Imports of Rubber; Vulcanised (Other than Hard Rubber), Gloves Other than Surgical Gloves in Pakistan
4. Exports of Rubber; Vulcanised (Other than Hard Rubber), Gloves Other than Surgical Gloves in Pakistan

Price for Rubber; Vulcanised (Other than Hard Rubber), Gloves Other than Surgical Gloves in Pakistan (CIF) - 2022

The average import price for rubber; vulcanised (other than hard rubber), gloves other than surgical gloveses stood at $17,662 per ton in 2022, increasing by 10% against the previous year. Overall, the import price posted a buoyant increase. The growth pace was the most rapid in 2021 when the average import price increased by 72% against the previous year. Over the period under review, average import prices attained the maximum in 2022 and is likely to continue growth in the near future.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from the United Arab Emirates ($23,870 per ton) and Sri Lanka ($17,584 per ton), while the price for Thailand ($17,584 per ton) and Malaysia ($17,584 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+18.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Rubber; Vulcanised (Other than Hard Rubber), Gloves Other than Surgical Gloves in Pakistan (FOB) - 2022

The average export price for rubber; vulcanised (other than hard rubber), gloves other than surgical gloveses stood at $9,049 per ton in 2022, waning by -23.4% against the previous year. In general, export price indicated a moderate expansion from 2012 to 2022: its price increased at an average annual rate of +2.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for rubber; vulcanised (other than hard rubber), gloves other than surgical gloveses decreased by -23.9% against 2020 indices. The pace of growth appeared the most rapid in 2017 an increase of 44% against the previous year. Over the period under review, the average export prices reached the maximum at $11,886 per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

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 Cyprus ($13,143 per ton), while the average price for exports to the United Arab Emirates ($2,171 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 Italy (+6.6%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Rubber; Vulcanised (Other than Hard Rubber), Gloves Other than Surgical Gloves in Pakistan

In 2022, after three years of growth, there was decline in overseas purchases of rubber; vulcanised (other than hard rubber), gloves other than surgical gloveses, when their volume decreased by -1.6% to 2K tons. Over the period under review, total imports indicated a significant increase from 2019 to 2022: its volume increased at an average annual rate of +21.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +78.8% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 40% against the previous year. As a result, imports attained the peak of 2K tons, and then fell in the following year.

In value terms, imports of rubber; vulcanised (other than hard rubber), gloves other than surgical gloveses expanded remarkably to $35M in 2022. In general, imports, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 141% against the previous year. Imports peaked in 2022 and are likely to continue growth in the near future.

Top Suppliers of Rubber; Vulcanised (Other than Hard Rubber), Gloves Other than Surgical Gloves to Pakistan in 2022:

1. Malaysia (1482.7 tons)
2. Thailand (323.9 tons)
3. China (131.3 tons)

Exports of Rubber; Vulcanised (Other than Hard Rubber), Gloves Other than Surgical Gloves in Pakistan

For the fourth year in a row, Pakistan recorded growth in overseas shipments of rubber; vulcanised (other than hard rubber), gloves other than surgical gloveses, which increased by 110% to 1.3K tons in 2022. Over the period under review, exports posted a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of rubber; vulcanised (other than hard rubber), gloves other than surgical gloveses soared to $11M in 2022. In general, exports showed significant growth. The pace of growth was the most pronounced in 2020 when exports increased by 66% against the previous year. The exports peaked in 2022 and are likely to continue growth in the immediate term.

Top Export Markets for Rubber; Vulcanised (Other than Hard Rubber), Gloves Other than Surgical Gloves from Pakistan in 2022:

1. Spain (160.7 tons)
2. United Kingdom (143.5 tons)
3. Germany (142.2 tons)
4. Denmark (99.7 tons)
5. United Arab Emirates (91.9 tons)
6. Netherlands (79.6 tons)
7. United States (66.7 tons)
8. Brazil (52.1 tons)
9. Thailand (45.1 tons)
10. Cyprus (37.1 tons)
11. Oman (34.5 tons)
12. Italy (31.3 tons)
13. Afghanistan (24.2 tons)

Source: IndexBox Market Intelligence Platform