Price for Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Metal in the United States - 2023
Contents:
- Price for Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Metal in the United States (CIF) - 2022
- Price for Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Metal in the United States (FOB) - 2022
- Imports of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Metal in the United States
- Exports of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Metal in the United States
Price for Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Metal in the United States (CIF) - 2022
The average import price for rubber; vulcanised, conveyor belts or belting, reinforced only with metals stood at $7,720 per ton in 2022, surging by 16% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.4%. Over the period under review, average import prices hit record highs at $8,080 per ton in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.
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 Germany ($22,379 per ton), while the price for China ($3,964 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+8.7%), 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 the United States (FOB) - 2022
In 2022, the average export price for rubber; vulcanised, conveyor belts or belting, reinforced only with metals amounted to $16,642 per ton, rising by 4.8% against the previous year. Overall, the export price continues to indicate a resilient increase. The most prominent rate of growth was recorded in 2018 an increase of 106%. The export price peaked in 2022 and is expected to retain growth in years to come.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Peru ($35,914 per ton), while the average price for exports to India ($1,564 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 Canada (+22.2%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Metal in the United States
In 2022, supplies from abroad of rubber; vulcanised, conveyor belts or belting, reinforced only with metals increased by 43% to 3.3K tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, recorded a relatively flat trend pattern.
In value terms, imports of rubber; vulcanised, conveyor belts or belting, reinforced only with metals surged to $25M in 2022. Over the period under review, total imports indicated a modest increase from 2019 to 2022: its value increased at an average annual rate of +1.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Metal in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 7.0 | 5.3 | 3.9 | 8.2 | 5.4% |
| Japan | 5.5 | 1.7 | 2.2 | 4.4 | -7.2% |
| Germany | 3.6 | 2.6 | 2.4 | 3.7 | 0.9% |
| China | 1.5 | 0.5 | 2.9 | 3.1 | 27.4% |
| Poland | N/A | 6.3 | 0.6 | 1.7 | -48.1% |
| India | N/A | 0.8 | 0.5 | 0.8 | 0.0% |
| Canada | 3.1 | 0.5 | 0.3 | 0.5 | -45.6% |
| Australia | 1.1 | 0.7 | 0.4 | 0.2 | -43.3% |
| Others | 2.1 | 3.1 | 2.0 | 2.6 | 7.4% |
| Total | 24.0 | 21.5 | 15.2 | 25.2 | 1.6% |
Top Suppliers of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Metal to the United States in 2022:
- Thailand (1059.3 tons)
- China (781.0 tons)
- Japan (486.1 tons)
- Poland (345.0 tons)
- India (176.6 tons)
- Germany (165.5 tons)
- Canada (82.8 tons)
- Australia (60.9 tons)
Exports of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Metal in the United States
In 2022, overseas shipments of rubber; vulcanised, conveyor belts or belting, reinforced only with metals decreased by -3.7% to 1.3K tons, falling for the second year in a row after two years of growth. The total export volume increased at an average annual rate of +5.3% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 with an increase of 34% against the previous year. As a result, the exports reached the peak of 1.5K tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.
In value terms, exports of rubber; vulcanised, conveyor belts or belting, reinforced only with metals amounted to $22M in 2022. Over the period under review, total exports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +8.7% 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 +42.4% against 2020 indices. The pace of growth was the most pronounced in 2021 when exports increased by 41% 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 Metal in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 10.5 | 8.2 | 12.1 | 11.0 | 1.6% |
| Mexico | 1.0 | 1.1 | 2.3 | 4.1 | 60.1% |
| Brazil | 0.2 | 1.6 | 1.9 | 2.2 | 122.4% |
| Peru | 2.0 | 1.1 | 1.5 | 1.7 | -5.3% |
| Guatemala | 0.1 | 0.1 | 0.1 | 0.4 | 58.7% |
| Chile | 0.5 | 0.8 | 0.8 | 0.3 | -15.7% |
| Dominican Republic | 0.1 | 0.1 | 0.4 | 0.3 | 44.2% |
| Jamaica | 0.1 | 0.1 | 0.1 | 0.2 | 26.0% |
| United Kingdom | 0.1 | 0.4 | 0.1 | 0.1 | 0.0% |
| China | 0.1 | N/A | 0.2 | 0.1 | 0.0% |
| Pakistan | 0.1 | 0.1 | N/A | N/A | 0.0% |
| India | 0.1 | N/A | 0.1 | N/A | 0.0% |
| Cayman Islands | N/A | N/A | 0.9 | N/A | 0% |
| Others | 2.5 | 2.0 | 1.6 | 1.8 | -10.4% |
| Total | 17.3 | 15.6 | 22.0 | 22.2 | 8.7% |
Top Export Markets for Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Metal from the United States in 2022:
- Mexico (422.6 tons)
- Canada (382.8 tons)
- Brazil (196.5 tons)
- Dominican Republic (56.0 tons)
- Guatemala (49.5 tons)
- Peru (48.3 tons)
- India (23.2 tons)
- Jamaica (21.3 tons)
- China (20.8 tons)
- United Kingdom (15.7 tons)
- Chile (13.8 tons)
- Cayman Islands (0.5 tons)
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