Price for Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials in Pakistan - 2023
Contents:
- Price for Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials in Pakistan (CIF) - 2023
- Price for Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials in Pakistan (FOB) - 2022
- Imports of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials in Pakistan
- Exports of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials in Pakistan
Price for Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials in Pakistan (CIF) - 2023
In July 2023, the average import price for rubber; vulcanised, conveyor belts or belting, reinforced only with textile materialses amounted to $620 per ton, reducing by -85.2% against the previous month. In general, the import price faced a sharp descent. The most prominent rate of growth was recorded in October 2022 an increase of 29% month-to-month. Over the period under review, average import prices hit record highs at $11,340 per ton in July 2022; however, from August 2022 to July 2023, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was China ($3,070 per ton), while the price for Spain ($403 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by the Netherlands (+20.1%), while the prices for the other major suppliers experienced a decline.
Price for Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials in Pakistan (FOB) - 2022
The average export price for rubber; vulcanised, conveyor belts or belting, reinforced only with textile materialses stood at $1,108 per ton in 2022, surging by 45% against the previous year. In general, the export price, however, recorded a abrupt decline. The most prominent rate of growth was recorded in 2020 when the average export price increased by 290%. As a result, the export price attained the peak level of $5,484 per ton. From 2021 to 2022, the average export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Bangladesh ($4,402 per ton), while the average price for exports to Afghanistan ($525 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 the United Arab Emirates (+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 Textile Materials in Pakistan
In 2022, overseas purchases of rubber; vulcanised, conveyor belts or belting, reinforced only with textile materialses increased by 28% to 566 tons for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, recorded a abrupt decline.
In value terms, imports of rubber; vulcanised, conveyor belts or belting, reinforced only with textile materialses shrank to $5.1M in 2022. Overall, imports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 49%. As a result, imports reached the peak of $5.7M, and then contracted in the following year.
| Import of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials in Pakistan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 1,489 | 1,315 | 1,725 | 1,838 | 7.3% |
| China | 484 | 775 | 1,412 | 1,160 | 33.8% |
| United Kingdom | 749 | 491 | 755 | 704 | -2.0% |
| Italy | 1,247 | 727 | 482 | 374 | -33.1% |
| Netherlands | 162 | 68.7 | 206 | 320 | 25.5% |
| Germany | 105 | 71.4 | 156 | 175 | 18.6% |
| United Arab Emirates | 70.3 | 48.1 | 26.0 | 106 | 14.7% |
| Japan | 389 | 4.6 | 348 | N/A | -5.4% |
| Others | 526 | 309 | 575 | 442 | -5.6% |
| Total | 5,222 | 3,810 | 5,685 | 5,119 | -0.7% |
Top Suppliers of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials to Pakistan in 2022:
- United States (153.5 tons)
- China (114.5 tons)
- Italy (55.0 tons)
- United Arab Emirates (54.3 tons)
- United Kingdom (52.4 tons)
- Netherlands (50.0 tons)
- Germany (23.9 tons)
Exports of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials in Pakistan
Exports of rubber; vulcanised, conveyor belts or belting, reinforced only with textile materialses from Pakistan shrank markedly to 19 tons in 2022, falling by -25.8% against 2021. Overall, exports recorded a precipitous setback. The pace of growth appeared the most rapid in 2021 with an increase of 819% against the previous year.
In value terms, exports of rubber; vulcanised, conveyor belts or belting, reinforced only with textile materialses amounted to $21K in 2022. Over the period under review, exports faced a sharp reduction. The growth pace was the most rapid in 2021 with an increase of 28%.
| Export of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials in Pakistan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | N/A | N/A | 0.5 | 8.3 | 1560.0% |
| Bangladesh | N/A | 2.0 | 2.1 | 6.7 | 83.0% |
| Afghanistan | 24.8 | 13.0 | 15.2 | 4.6 | -43.0% |
| Mozambique | N/A | N/A | N/A | 0.9 | 0% |
| Oman | 104 | N/A | N/A | N/A | 0% |
| Italy | 8.5 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | 1.4 | 0.1 | -92.9% |
| Total | 138 | 15.0 | 19.1 | 20.6 | -47.0% |
Top Export Markets for Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials from Pakistan in 2022:
- Afghanistan (8.7 tons)
- United Arab Emirates (7.5 tons)
- Bangladesh (1.5 tons)
- Mozambique (0.6 tons)
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