Price for Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Metal in Luxembourg - 2023

Contents:

1. Price for Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Metal in Luxembourg (CIF) - 2022
2. Price for Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Metal in Luxembourg (FOB) - 2022
3. Imports of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Metal in Luxembourg
4. Exports of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Metal in Luxembourg

Price for Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Metal in Luxembourg (CIF) - 2022

In 2022, the average import price for rubber; vulcanised, conveyor belts or belting, reinforced only with metals amounted to $11,046 per ton, dropping by -21.7% against the previous year. In general, the import price, however, continues to indicate modest growth. The growth pace was the most rapid in 2014 when the average import price increased by 119%. Over the period under review, average import prices hit record highs at $29,398 per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the Netherlands ($274,250 per ton), while the price for France ($8,943 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+4.3%), 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 Metal in Luxembourg (FOB) - 2022

The average export price for rubber; vulcanised, conveyor belts or belting, reinforced only with metals stood at $69,363 per ton in 2022, increasing by 1.5% against the previous year. In general, the export price, however, saw a noticeable decrease. The most prominent rate of growth was recorded in 2019 an increase of 83% against the previous year. Over the period under review, the average export prices attained the peak figure at $93,811 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($202,234 per ton), while the average price for exports to Belgium ($47,517 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 Germany (+7.6%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Metal in Luxembourg

In 2022, the amount of rubber; vulcanised, conveyor belts or belting, reinforced only with metals imported into Luxembourg fell notably to 12 tons, with a decrease of -22% against the previous year's figure. Over the period under review, imports saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 when imports increased by 12% against the previous year.

In value terms, imports of rubber; vulcanised, conveyor belts or belting, reinforced only with metals fell sharply to $135K in 2022. Overall, imports saw a dramatic decline. The smallest decline of -11.1% was in 2021.

Top Suppliers of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Metal to Luxembourg in 2022:

1. France (10.6 tons)
2. Germany (1.2 tons)
3. Belgium (0.4 tons)

Exports of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Metal in Luxembourg

For the fourth consecutive year, Luxembourg recorded growth in shipments abroad of rubber; vulcanised, conveyor belts or belting, reinforced only with metals, which increased by 237% to 840 kg in 2022. Overall, exports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 1,078%. The exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, exports of rubber; vulcanised, conveyor belts or belting, reinforced only with metals skyrocketed to $58K in 2022. Over the period under review, exports enjoyed significant growth. The pace of growth appeared the most rapid in 2020 when exports increased by 921%. The exports peaked in 2022 and are likely to see steady growth in years to come.

Top Export Markets for Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Metal from Luxembourg in 2022:

1. France (763.0 kg)
2. Germany (47.0 kg)
3. Belgium (29.0 kg)

Source: IndexBox Market Intelligence Platform