Price for Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials in Spain - 2023

Contents:

1. Price for Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials in Spain (CIF) - 2023
2. Price for Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials in Spain (FOB) - 2022
3. Imports of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials in Spain
4. Exports of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials in Spain

Price for Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials in Spain (CIF) - 2023

The average import price for rubber; vulcanised, conveyor belts or belting, reinforced only with textile materialses stood at $2,572 per ton in November 2023, declining by -6.1% against the previous month. Over the period under review, the import price continues to indicate a mild downturn. The most prominent rate of growth was recorded in July 2023 when the average import price increased by 24% against the previous month. Over the period under review, average import prices hit record highs at $3,474 per ton in March 2023; however, from April 2023 to November 2023, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Hungary ($7,431 per ton), while the price for Germany ($523 per ton) was amongst the lowest.

From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by France (+17.9%), 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 Textile Materials in Spain (FOB) - 2022

The average export price for rubber; vulcanised, conveyor belts or belting, reinforced only with textile materialses stood at $4,973 per ton in 2022, surging by 8.4% against the previous year. Over the period under review, the export price, however, saw a pronounced decline. The most prominent rate of growth was recorded in 2018 an increase of 19% against the previous year. Over the period under review, the average export prices hit record highs at $6,090 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Mexico ($9,426 per ton), while the average price for exports to India ($656 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 Indonesia (+4.2%), 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 Textile Materials in Spain

For the fourth consecutive year, Spain recorded growth in purchases abroad of rubber; vulcanised, conveyor belts or belting, reinforced only with textile materialses, which increased by 32% to 8.5K tons in 2022. The total import volume increased at an average annual rate of +12.0% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of rubber; vulcanised, conveyor belts or belting, reinforced only with textile materialses surged to $26M in 2022. Overall, total imports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +13.7% 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 +59.0% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Top Suppliers of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials to Spain in 2022:

1. China (4.6K tons)
2. Turkey (1.5K tons)
3. Romania (1.5K tons)
4. Netherlands (0.2K tons)
5. Hungary (0.2K tons)
6. France (0.1K tons)

Exports of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials in Spain

For the fourth year in a row, Spain recorded growth in overseas shipments of rubber; vulcanised, conveyor belts or belting, reinforced only with textile materialses, which increased by 43% to 5.2K tons in 2022. Over the period under review, exports recorded a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of rubber; vulcanised, conveyor belts or belting, reinforced only with textile materialses surged to $26M in 2022. In general, exports enjoyed significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Top Export Markets for Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials from Spain in 2022:

1. India (1094.0 tons)
2. France (900.5 tons)
3. Iran (389.1 tons)
4. Cuba (316.6 tons)
5. Germany (274.4 tons)
6. Mexico (174.7 tons)
7. Indonesia (156.5 tons)
8. Belgium (150.4 tons)
9. Morocco (145.6 tons)
10. Austria (121.4 tons)
11. Italy (119.2 tons)
12. Saudi Arabia (117.6 tons)
13. Norway (108.3 tons)

Source: IndexBox Market Intelligence Platform