Price for Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Metal in Vietnam - 2022
Contents:
- Price for Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Metal in Vietnam (CIF) - 2022
- Price for Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Metal in Vietnam (FOB) - 2022
- Imports of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Metal in Vietnam
- Exports of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Metal in Vietnam
Price for Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Metal in Vietnam (CIF) - 2022
In 2022, the average import price for rubber; vulcanised, conveyor belts or belting, reinforced only with metals amounted to $6,503 per ton, dropping by -5.5% against the previous year. Over the period under review, the import price recorded a pronounced slump. The growth pace was the most rapid in 2014 an increase of 3.5% against the previous year. As a result, import price reached the peak level of $8,458 per ton. From 2015 to 2022, the average import prices remained at a lower figure.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Japan ($6,503 per ton) and Taiwan (Chinese) ($6,503 per ton), while the price for China ($6,503 per ton) and South Korea ($6,503 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+3.9%), while the prices for the other major suppliers experienced a decline.
Price for Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Metal in Vietnam (FOB) - 2022
In 2022, the average export price for rubber; vulcanised, conveyor belts or belting, reinforced only with metals amounted to $11,450 per ton, picking up by 2.8% against the previous year. Over the period under review, the export price enjoyed a remarkable increase. The pace of growth was the most pronounced in 2020 when the average export price increased by 41% against the previous year. Over the period under review, the average export prices attained the peak figure in 2022 and is expected to retain growth in the near future.
Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Indonesia ($11,438 per ton), while the average price for exports to Malaysia ($11,413 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 Venezuela (+18.4%), 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 Vietnam
In 2022, imports of rubber; vulcanised, conveyor belts or belting, reinforced only with metals into Vietnam surged to 1.1K tons, jumping by 25% against 2021. Overall, imports showed significant growth. The growth pace was the most rapid in 2021 when imports increased by 46%. Over the period under review, imports of hit record highs in 2022 and are likely to continue growth in the near future.
In value terms, imports of rubber; vulcanised, conveyor belts or belting, reinforced only with metals skyrocketed to $7.2M in 2022. Over the period under review, total imports indicated a significant expansion from 2019 to 2022: its value increased at an average annual rate of +22.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +81.9% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 41% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.
| Import of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Metal in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 2.6 | 2.6 | 3.8 | 5.8 | 30.7% |
| Japan | 0.2 | 0.7 | 0.9 | 0.7 | 51.8% |
| South Korea | N/A | 0.1 | 0.9 | 0.5 | 123.6% |
| Germany | 0.1 | 0.6 | 0.2 | 0.2 | 26.0% |
| Taiwan (Chinese) | 0.9 | 0.1 | 0.3 | N/A | -42.3% |
| Others | 0.2 | 0.3 | 0.1 | N/A | -29.3% |
| Total | 4.0 | 4.3 | 6.1 | 7.2 | 21.6% |
Top Suppliers of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Metal to Vietnam in 2022:
- China (892.0 tons)
- Japan (112.1 tons)
- South Korea (70.5 tons)
- Germany (26.5 tons)
- Taiwan (Chinese) (4.5 tons)
Exports of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Metal in Vietnam
In 2022, exports of rubber; vulcanised, conveyor belts or belting, reinforced only with metals from Vietnam declined markedly to 534 tons, which is down by -16.9% compared with the previous year. Over the period under review, total exports indicated a mild increase from 2019 to 2022: its volume increased at an average annual rate of +1.3% 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 +39.7% against 2020 indices. The pace of growth was the most pronounced in 2021 when exports increased by 68% against the previous year. As a result, the exports reached the peak of 642 tons, and then dropped rapidly in the following year.
In value terms, exports of rubber; vulcanised, conveyor belts or belting, reinforced only with metals declined to $6.1M in 2022. In general, exports, however, showed a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 105% against the previous year. As a result, the exports reached the peak of $7.2M, and then declined in the following year.
| Export of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Metal in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 2.1 | 2.1 | 5.1 | 4.7 | 30.8% |
| Indonesia | 1.1 | 1.3 | 1.0 | 0.8 | -10.1% |
| Malaysia | N/A | N/A | 0.2 | 0.5 | 150.0% |
| Taiwan (Chinese) | N/A | N/A | 0.2 | 0.1 | -50.0% |
| Saudi Arabia | N/A | 0.1 | 0.7 | N/A | 600.0% |
| Others | 0.1 | N/A | N/A | 0.2 | 26.0% |
| Total | 3.3 | 3.5 | 7.2 | 6.1 | 22.7% |
Top Export Markets for Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Metal from Vietnam in 2022:
- South Korea (406.9 tons)
- Indonesia (66.8 tons)
- Malaysia (39.5 tons)
- Taiwan (Chinese) (7.5 tons)
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