Price for Rubber; Natural (Excluding Latex), in Smoked Sheets in Pakistan - 2023
Contents:
- Price for Rubber; Natural (Excluding Latex), in Smoked Sheets in Pakistan (CIF) - 2023
- Imports of Rubber; Natural (Excluding Latex), in Smoked Sheets in Pakistan
Price for Rubber; Natural (Excluding Latex), in Smoked Sheets in Pakistan (CIF) - 2023
The average import price for rubber; natural (excluding latex), in smoked sheetses stood at $1,031 per ton in June 2023, dropping by -21.2% against the previous month. Over the period under review, the import price recorded a noticeable decline. The most prominent rate of growth was recorded in September 2022 an increase of 30% m-o-m. As a result, import price reached the peak level of $2,390 per ton. From October 2022 to June 2023, the average import prices remained at a lower figure.
Average prices varied noticeably amongst the major supplying countries. In June 2023, the country with the highest price was Vietnam ($1,116 per ton), while the price for Sri Lanka stood at $1,015 per ton.
From July 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Thailand (-4.6%), while the prices for the other major suppliers experienced a decline.
Imports of Rubber; Natural (Excluding Latex), in Smoked Sheets in Pakistan
In 2022, after three years of growth, there was significant decline in purchases abroad of rubber; natural (excluding latex), in smoked sheetses, when their volume decreased by -16.4% to 8.1K tons. Overall, total imports indicated a resilient increase from 2019 to 2022: its volume increased at an average annual rate of +19.5% 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 +70.7% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 52% against the previous year.
In value terms, imports of rubber; natural (excluding latex), in smoked sheetses fell dramatically to $14M in 2022. Over the period under review, imports, however, continue to indicate a prominent expansion. The growth pace was the most rapid in 2020 with an increase of 52%.
| Import of Rubber; Natural (Excluding Latex), in Smoked Sheets in Pakistan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sri Lanka | 3.2 | 6.3 | 6.7 | 6.6 | 27.3% |
| Vietnam | 4.2 | 3.7 | 8.2 | 4.3 | 0.8% |
| Thailand | 0.5 | 1.8 | 2.0 | 2.1 | 61.3% |
| Montenegro | 0.1 | 0.3 | 0.9 | 0.3 | 44.2% |
| Myanmar | 0.3 | 0.9 | 0.6 | 0.2 | -12.6% |
| Others | 0.6 | 0.5 | 0.5 | 0.2 | -30.7% |
| Total | 8.9 | 13.5 | 18.8 | 13.6 | 15.2% |
Top Suppliers of Rubber; Natural (Excluding Latex), in Smoked Sheets to Pakistan in 2022:
- Sri Lanka (3.9K tons)
- Vietnam (2.5K tons)
- Thailand (1.2K tons)
- Montenegro (0.2K tons)
- Myanmar (0.1K tons)
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