Price for Compounded Rubber, Unvulcanised, in Primary Forms or in Plates, Sheets or Strip in Luxembourg - 2023

Contents:

1. Price for Compounded Rubber, Unvulcanised, in Primary Forms or in Plates, Sheets or Strip in Luxembourg (CIF) - 2023
2. Price for Compounded Rubber, Unvulcanised, in Primary Forms or in Plates, Sheets or Strip in Luxembourg (FOB) - 2023
3. Imports of Compounded Rubber, Unvulcanised, in Primary Forms or in Plates, Sheets or Strip in Luxembourg
4. Exports of Compounded Rubber, Unvulcanised, in Primary Forms or in Plates, Sheets or Strip in Luxembourg

Price for Compounded Rubber, Unvulcanised, in Primary Forms or in Plates, Sheets or Strip in Luxembourg (CIF) - 2023

In December 2023, the average import price for compounded rubber, unvulcanised, in primary forms or in plates, sheets or strips amounted to $3,218 per ton, shrinking by -15.9% against the previous month. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in January 2023 when the average import price increased by 22% against the previous month. The import price peaked at $3,999 per ton in August 2023; however, from September 2023 to December 2023, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In December 2023, the highest price was recorded for prices from Germany ($3,979 per ton) and France ($3,972 per ton), while the price for the Czech Republic ($2,923 per ton) and Poland ($3,046 per ton) were amongst the lowest.

From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Poland (+3.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Compounded Rubber, Unvulcanised, in Primary Forms or in Plates, Sheets or Strip in Luxembourg (FOB) - 2023

In December 2023, the average export price for compounded rubber, unvulcanised, in primary forms or in plates, sheets or strips amounted to $3,974 per ton, falling by -3.2% against the previous month. In general, export price indicated moderate growth from December 2022 to December 2023: its price increased at an average monthly rate of +3.8% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on December 2023 figures, export price for compounded rubber, unvulcanised, in primary forms or in plates, sheets or strips increased by +43.4% against October 2023 indices. The pace of growth appeared the most rapid in January 2023 when the average export price increased by 78% against the previous month. Over the period under review, the average export prices attained the maximum at $4,718 per ton in April 2023; however, from May 2023 to December 2023, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In December 2023, the country with the highest price was Germany ($6,583 per ton), while the average price for exports to Serbia ($3,280 per ton) was amongst the lowest.

From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (+31.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Compounded Rubber, Unvulcanised, in Primary Forms or in Plates, Sheets or Strip in Luxembourg

In 2022, imports of compounded rubber, unvulcanised, in primary forms or in plates, sheets or strips into Luxembourg reduced to 14K tons, declining by -12.3% against the previous year's figure. In general, imports recorded a abrupt setback. The pace of growth was the most pronounced in 2021 with an increase of 2.1% against the previous year.

In value terms, imports of compounded rubber, unvulcanised, in primary forms or in plates, sheets or strips dropped sharply to $47M in 2022. Overall, imports saw a abrupt curtailment. The pace of growth was the most pronounced in 2021 with an increase of 17%.

Top Suppliers of Compounded Rubber, Unvulcanised, in Primary Forms or in Plates, Sheets or Strip to Luxembourg in 2022:

1. Germany (4.4K tons)
2. Czech Republic (4.3K tons)
3. France (2.6K tons)
4. Poland (1.9K tons)
5. Netherlands (0.3K tons)

Exports of Compounded Rubber, Unvulcanised, in Primary Forms or in Plates, Sheets or Strip in Luxembourg

In 2022, exports of compounded rubber, unvulcanised, in primary forms or in plates, sheets or strips from Luxembourg surged to 1.6K tons, growing by 99.9% against 2021. In general, exports continue to indicate prominent growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of compounded rubber, unvulcanised, in primary forms or in plates, sheets or strips soared to $5.1M in 2022. Overall, total exports indicated a mild increase from 2019 to 2022: its value increased at an average annual rate of +1.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +61.7% against 2020 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Top Export Markets for Compounded Rubber, Unvulcanised, in Primary Forms or in Plates, Sheets or Strip from Luxembourg in 2022:

1. Germany (717.6 tons)
2. Turkey (563.6 tons)
3. Italy (178.4 tons)
4. Slovenia (98.6 tons)
5. France (47.9 tons)

Source: IndexBox Market Intelligence Platform