Price for Compounded Rubber, Unvulcanised, in Primary Forms or in Plates, Sheets or Strip in China - 2024
Contents:
- Price for Compounded Rubber, Unvulcanised, in Primary Forms or in Plates, Sheets or Strip in China (CIF) - 2024
- Price for Compounded Rubber, Unvulcanised, in Primary Forms or in Plates, Sheets or Strip in China (FOB) - 2024
- Imports of Compounded Rubber, Unvulcanised, in Primary Forms or in Plates, Sheets or Strip in China
- Exports of Compounded Rubber, Unvulcanised, in Primary Forms or in Plates, Sheets or Strip in China
Price for Compounded Rubber, Unvulcanised, in Primary Forms or in Plates, Sheets or Strip in China (CIF) - 2024
In December 2023, the average import price for compounded rubber, unvulcanised, in primary forms or in plates, sheets or strips amounted to $5,886 per ton, rising by 3.3% against the previous month. In general, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in April 2023 when the average import price increased by 15% month-to-month. Over the period under review, average import prices reached the maximum at $6,117 per ton in February 2023; however, from March 2023 to December 2023, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was the UK ($11,001 per ton), while the price for the Netherlands ($1,500 per ton) was amongst the lowest.
From February 2023 to December 2023, the most notable rate of growth in terms of prices was attained by the UK (+4.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Compounded Rubber, Unvulcanised, in Primary Forms or in Plates, Sheets or Strip in China (FOB) - 2024
The average export price for compounded rubber, unvulcanised, in primary forms or in plates, sheets or strips stood at $2,890 per ton in December 2023, almost unchanged from the previous month. In general, the export price continues to indicate a slight slump. The pace of growth was the most pronounced in June 2023 an increase of 15% month-to-month. Over the period under review, the average export prices reached the peak figure at $3,214 per ton in February 2023; however, from March 2023 to December 2023, the export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was Vietnam ($3,616 per ton), while the average price for exports to Cambodia ($1,945 per ton) was amongst the lowest.
From February 2023 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to Serbia (+5.2%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Compounded Rubber, Unvulcanised, in Primary Forms or in Plates, Sheets or Strip in China
Imports of compounded rubber, unvulcanised, in primary forms or in plates, sheets or strips into China shrank rapidly to 64K tons in 2022, reducing by -16.6% against the year before. Over the period under review, imports recorded a abrupt setback. The most prominent rate of growth was recorded in 2021 with an increase of 14% against the previous year.
In value terms, imports of compounded rubber, unvulcanised, in primary forms or in plates, sheets or strips contracted modestly to $340M in 2022. The total import value increased at an average annual rate of +1.6% from 2019 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 24%. As a result, imports reached the peak of $355M, and then contracted in the following year.
| Import of Compounded Rubber, Unvulcanised, in Primary Forms or in Plates, Sheets or Strip in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 58.6 | 52.3 | 68.2 | 74.5 | 8.3% |
| Taiwan (Chinese) | 51.1 | 51.9 | 64.8 | 56.9 | 3.6% |
| Germany | 28.6 | 30.6 | 36.0 | 38.9 | 10.8% |
| South Korea | 42.5 | 36.6 | 41.8 | 38.1 | -3.6% |
| Thailand | 42.1 | 37.2 | 37.2 | 33.5 | -7.3% |
| United States | 22.2 | 13.9 | 19.3 | 18.2 | -6.4% |
| Italy | 12.3 | 11.0 | 10.7 | 12.2 | -0.3% |
| France | 7.0 | 6.4 | 9.9 | 9.8 | 11.9% |
| Malaysia | 6.8 | 7.0 | 9.4 | 8.7 | 8.6% |
| United Kingdom | 6.9 | 6.4 | 6.3 | 7.5 | 2.8% |
| Turkey | 0.5 | 0.8 | 1.3 | 6.6 | 136.3% |
| Vietnam | 15.2 | 5.1 | 7.5 | 4.6 | -32.9% |
| Netherlands | 6.4 | 3.9 | 4.0 | 3.9 | -15.2% |
| Others | 23.6 | 24.5 | 39.1 | 26.0 | 3.3% |
| Total | 324 | 288 | 355 | 340 | 1.6% |
Top Suppliers of Compounded Rubber, Unvulcanised, in Primary Forms or in Plates, Sheets or Strip to China in 2022:
- Thailand (12.6K tons)
- Taiwan (Chinese) (10.7K tons)
- Japan (8.1K tons)
- South Korea (6.9K tons)
- Germany (5.0K tons)
- Italy (4.8K tons)
- Netherlands (2.4K tons)
- Turkey (2.3K tons)
- United States (2.0K tons)
- Malaysia (1.9K tons)
- United Kingdom (1.5K tons)
- Vietnam (1.5K tons)
- France (1.3K tons)
Exports of Compounded Rubber, Unvulcanised, in Primary Forms or in Plates, Sheets or Strip in China
For the fourth year in a row, China recorded growth in overseas shipments of compounded rubber, unvulcanised, in primary forms or in plates, sheets or strips, which increased by 2.2% to 35K tons in 2022. In general, total exports indicated significant growth from 2019 to 2022: its volume increased at an average annual rate of +20.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +74.7% against 2019 indices. The growth pace was the most rapid in 2021 when exports increased by 42%. The exports peaked in 2022 and are likely to continue growth in the immediate term.
In value terms, exports of compounded rubber, unvulcanised, in primary forms or in plates, sheets or strips rose markedly to $117M in 2022. Over the period under review, exports saw significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 61% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.
| Export of Compounded Rubber, Unvulcanised, in Primary Forms or in Plates, Sheets or Strip in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 9.0 | 11.9 | 35.5 | 51.6 | 79.0% |
| Malaysia | 6.6 | 6.7 | 12.0 | 9.7 | 13.7% |
| Thailand | 10.7 | 9.1 | 11.3 | 9.7 | -3.2% |
| South Korea | 3.9 | 3.4 | 4.5 | 6.7 | 19.8% |
| Australia | 0.3 | 3.2 | 9.1 | 5.4 | 162.1% |
| Hong Kong SAR | 3.2 | 5.5 | 6.3 | 4.6 | 12.9% |
| Brazil | 2.0 | 1.4 | 4.8 | 4.1 | 27.0% |
| Singapore | 3.6 | 3.2 | 3.9 | 4.1 | 4.4% |
| Japan | 3.4 | 2.5 | 3.5 | 3.5 | 1.0% |
| Bahrain | 0.7 | 1.2 | 1.5 | 2.5 | 52.9% |
| Mexico | 0.2 | 0.2 | 0.3 | 2.1 | 119.0% |
| Serbia | N/A | N/A | 1.1 | 2.0 | 81.8% |
| Taiwan (Chinese) | 1.7 | 10.7 | 3.9 | 1.3 | -8.6% |
| Others | 10.2 | 8.6 | 11.0 | 10.0 | -0.7% |
| Total | 55.5 | 67.8 | 109 | 117 | 28.2% |
Top Export Markets for Compounded Rubber, Unvulcanised, in Primary Forms or in Plates, Sheets or Strip from China in 2022:
- Vietnam (13.0K tons)
- Malaysia (4.1K tons)
- Thailand (2.9K tons)
- South Korea (2.3K tons)
- Japan (1.5K tons)
- Brazil (1.4K tons)
- Australia (1.2K tons)
- Singapore (1.1K tons)
- Mexico (1.1K tons)
- Hong Kong SAR (1.1K tons)
- Bahrain (1.0K tons)
- Serbia (0.8K tons)
- Taiwan (Chinese) (0.2K tons)
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