Price for Compounded Rubber, Unvulcanised, in Primary Forms or in Plates, Sheets or Strip in Estonia - 2023

Contents:

1. Price for Compounded Rubber, Unvulcanised, in Primary Forms or in Plates, Sheets or Strip in Estonia (CIF) - 2022
2. Price for Compounded Rubber, Unvulcanised, in Primary Forms or in Plates, Sheets or Strip in Estonia (FOB) - 2022
3. Imports of Compounded Rubber, Unvulcanised, in Primary Forms or in Plates, Sheets or Strip in Estonia
4. Exports of Compounded Rubber, Unvulcanised, in Primary Forms or in Plates, Sheets or Strip in Estonia

Price for Compounded Rubber, Unvulcanised, in Primary Forms or in Plates, Sheets or Strip in Estonia (CIF) - 2022

The average import price for compounded rubber, unvulcanised, in primary forms or in plates, sheets or strips stood at $5,081 per ton in 2022, surging by 20% against the previous year. Overall, import price indicated a moderate expansion from 2012 to 2022: its price increased at an average annual rate of +3.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for compounded rubber, unvulcanised, in primary forms or in plates, sheets or strips increased by +35.4% against 2019 indices. The pace of growth appeared the most rapid in 2016 when the average import price increased by 66% against the previous year. The import price peaked in 2022 and is likely to see steady growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Sweden ($6,970 per ton), while the price for Russia ($1,648 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (+5.6%), 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 Estonia (FOB) - 2022

The average export price for compounded rubber, unvulcanised, in primary forms or in plates, sheets or strips stood at $1,311 per ton in 2022, dropping by -39.1% against the previous year. Over the period under review, the export price recorded a abrupt decrease. The most prominent rate of growth was recorded in 2015 when the average export price increased by 201% against the previous year. As a result, the export price attained the peak level of $12,567 per ton. From 2016 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Russia ($6,663 per ton), while the average price for exports to Denmark ($118 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 Russia (-2.4%), while the prices for the other major destinations experienced a decline.

Imports of Compounded Rubber, Unvulcanised, in Primary Forms or in Plates, Sheets or Strip in Estonia

In 2022, the amount of compounded rubber, unvulcanised, in primary forms or in plates, sheets or strips imported into Estonia declined to 2.6K tons, reducing by -10.7% compared with the year before. Overall, total imports indicated a strong increase from 2019 to 2022: its volume increased at an average annual rate of +13.5% 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 +54.3% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 73%. As a result, imports attained the peak of 2.9K tons, and then shrank in the following year.

In value terms, imports of compounded rubber, unvulcanised, in primary forms or in plates, sheets or strips stood at $13M in 2022. Over the period under review, imports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 90% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

Top Suppliers of Compounded Rubber, Unvulcanised, in Primary Forms or in Plates, Sheets or Strip to Estonia in 2022:

1. Germany (785.5 tons)
2. Italy (715.1 tons)
3. Sweden (578.9 tons)
4. Finland (218.6 tons)
5. Latvia (131.9 tons)
6. Russia (102.5 tons)

Exports of Compounded Rubber, Unvulcanised, in Primary Forms or in Plates, Sheets or Strip in Estonia

For the fourth consecutive year, Estonia recorded growth in overseas shipments of compounded rubber, unvulcanised, in primary forms or in plates, sheets or strips, which increased by 48% to 265 tons in 2022. Over the period under review, exports saw a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 174%. The exports peaked in 2022 and are likely to see steady growth in the immediate term.

In value terms, exports of compounded rubber, unvulcanised, in primary forms or in plates, sheets or strips fell to $347K in 2022. In general, exports recorded a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 223%. As a result, the exports attained the peak of $386K, and then contracted in the following year.

Top Export Markets for Compounded Rubber, Unvulcanised, in Primary Forms or in Plates, Sheets or Strip from Estonia in 2022:

1. United Kingdom (152.5 tons)
2. Denmark (22.0 tons)
3. Lithuania (15.5 tons)
4. Latvia (14.4 tons)
5. Germany (4.7 tons)
6. Turkey (4.4 tons)
7. Russia (1.0 tons)

Source: IndexBox Market Intelligence Platform