Price for Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials in Ecuador - 2022

Contents:

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

Price for Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials in Ecuador (CIF) - 2022

In 2022, the average import price for rubber; vulcanised, conveyor belts or belting, reinforced only with textile materialses amounted to $3,891 per ton, which is down by -7% against the previous year. Over the last decade, it increased at an average annual rate of +1.3%. The most prominent rate of growth was recorded in 2013 when the average import price increased by 33% against the previous year. The import price peaked at $4,979 per ton in 2016; however, from 2017 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($62,598 per ton), while the price for China ($3,151 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+30.3%), 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 Ecuador (FOB) - 2022

The average export price for rubber; vulcanised, conveyor belts or belting, reinforced only with textile materialses stood at $24,500 per ton in 2022, which is down by -19.3% against the previous year. Over the period under review, the export price, however, posted a strong expansion. The pace of growth was the most pronounced in 2021 an increase of 332%. As a result, the export price attained the peak level of $30,342 per ton, and then plummeted in the following year.

As there is only one major export destination, the average price level is determined by prices for Colombia.

From 2012 to 2022, the rate of growth in terms of prices for Bolivia amounted to +94.8% per year.

Imports of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials in Ecuador

In 2022, approx. 551 tons of rubber; vulcanised, conveyor belts or belting, reinforced only with textile materialses were imported into Ecuador; increasing by 24% compared with the previous year's figure. Over the period under review, total imports indicated a buoyant expansion from 2019 to 2022: its volume increased at an average annual rate of +15.4% 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 +87.3% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 51% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, imports of rubber; vulcanised, conveyor belts or belting, reinforced only with textile materialses soared to $2.1M in 2022. In general, total imports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +9.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +89.7% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 65%. Imports peaked in 2022 and are likely to continue growth in the immediate term.

Import of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials in Ecuador (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
China6405679811,49732.7%
Colombia13261.782.41422.5%
United States173112241139-7.0%
Italy11888.386.493.5-7.5%
Spain22240.955.340.9-43.1%
Others355259412230-13.5%
Total1,6401,1291,8582,1439.3%

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

  1. China (475.2 tons)
  2. United States (32.0 tons)
  3. Colombia (19.3 tons)
  4. Italy (11.5 tons)
  5. Spain (3.0 tons)

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

In 2022, overseas shipments of rubber; vulcanised, conveyor belts or belting, reinforced only with textile materialses decreased by -34.2% to 50 kg, falling for the second consecutive year after two years of growth. In general, exports showed a dramatic decline. The pace of growth appeared the most rapid in 2020 with an increase of 12%. As a result, the exports attained the peak of 482 kg. From 2021 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of rubber; vulcanised, conveyor belts or belting, reinforced only with textile materialses dropped sharply to $1.2K in 2022. Over the period under review, exports recorded a sharp downturn. The pace of growth appeared the most rapid in 2020 with an increase of 2.7% against the previous year. As a result, the exports attained the peak of $3.4K. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

Export of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials in Ecuador (USD)
COUNTRY2019202020212022CAGR,
2019-2022
Colombia2.073.01191,225749.2%
Spain3,178N/AN/AN/A0%
Peru4.086.083.0N/A355.5%
MalaysiaN/A969N/AN/A0%
United States37.0713934N/A402.4%
PanamaN/A1728.0N/A-95.3%
Chile76.01,3481,162N/A291.0%
Others1.026.0N/AN/A2500.0%
Total3,2983,3872,3061,225-28.1%

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

  1. Colombia (50.0 kg)

Source: IndexBox Market Intelligence Platform

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