Price for Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials in Thailand - 2024
Contents:
- Price for Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials in Thailand (CIF) - 2022
- Price for Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials in Thailand (FOB) - 2022
- Imports of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials in Thailand
- Exports of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials in Thailand
Price for Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials in Thailand (CIF) - 2022
In 2022, the average import price for rubber; vulcanised, conveyor belts or belting, reinforced only with textile materialses amounted to $2,100 per ton, falling by -8.8% against the previous year. Over the period under review, the import price saw a abrupt slump. The growth pace was the most rapid in 2017 when the average import price increased by 12% against the previous year. The import price peaked at $4,864 per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat 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 Japan ($9,666 per ton), while the price for Vietnam ($1,453 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+0.2%), 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 Thailand (FOB) - 2022
In 2022, the average export price for rubber; vulcanised, conveyor belts or belting, reinforced only with textile materialses amounted to $5,138 per ton, which is down by -23.2% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the average export price increased by 41%. As a result, the export price attained the peak level of $7,098 per ton. From 2019 to 2022, the average export prices remained at a lower figure.
Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were Malaysia ($5,800 per ton) and Lao People's Democratic Republic ($5,382 per ton), while the average price for exports to Indonesia ($3,927 per ton) and Cambodia ($4,304 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Lao People's Democratic Republic (+3.5%), 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 Thailand
In 2022, imports of rubber; vulcanised, conveyor belts or belting, reinforced only with textile materialses into Thailand surged to 4.3K tons, increasing by 35% on the previous year. In general, imports posted significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 49%. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.
In value terms, imports of rubber; vulcanised, conveyor belts or belting, reinforced only with textile materialses skyrocketed to $9.1M in 2022. Over the period under review, total imports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +14.4% 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 +55.8% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 26% against the previous year. Over the period under review, imports of attained the maximum in 2022 and are expected to retain growth in the near future.
| Import of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 3.3 | 3.9 | 5.5 | 7.4 | 30.9% |
| Taiwan (Chinese) | 0.1 | 0.2 | 0.1 | 0.3 | 44.2% |
| Slovenia | 0.3 | 0.4 | 0.1 | 0.3 | 0.0% |
| Japan | 0.3 | 0.2 | 0.6 | 0.2 | -12.6% |
| Germany | 0.9 | 0.3 | 0.2 | 0.1 | -51.9% |
| Others | 1.1 | 0.9 | 0.9 | 0.8 | -10.1% |
| Total | 6.1 | 5.8 | 7.4 | 9.1 | 14.3% |
Top Suppliers of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials to Thailand in 2022:
- China (4036.5 tons)
- Taiwan (Chinese) (106.9 tons)
- Slovenia (55.3 tons)
- Japan (22.0 tons)
- Germany (11.7 tons)
Exports of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials in Thailand
In 2022, overseas shipments of rubber; vulcanised, conveyor belts or belting, reinforced only with textile materialses were finally on the rise to reach 237 tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, recorded a deep downturn.
In value terms, exports of rubber; vulcanised, conveyor belts or belting, reinforced only with textile materialses shrank markedly to $1.2M in 2022. Over the period under review, exports, however, recorded a abrupt slump. The smallest decline of -6.3% was in 2021.
| Export of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials in Thailand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Lao People's Democratic Republic | 343 | 251 | 263 | 393 | 4.6% |
| Indonesia | 80.3 | 211 | 80.7 | 377 | 67.4% |
| Malaysia | 270 | 373 | 325 | 180 | -12.6% |
| Cambodia | 334 | 103 | 285 | 121 | -28.7% |
| Singapore | 190 | 25.2 | 3.9 | 10.8 | -61.6% |
| Philippines | 56.5 | 26.2 | 84.6 | 9.7 | -44.4% |
| Hong Kong SAR | 556 | 145 | 13.9 | N/A | -84.2% |
| Others | 490 | 469 | 448 | 128 | -36.1% |
| Total | 2,319 | 1,604 | 1,504 | 1,220 | -19.3% |
Top Export Markets for Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials from Thailand in 2022:
- Indonesia (96.0 tons)
- Lao People's Democratic Republic (73.0 tons)
- Malaysia (31.1 tons)
- Cambodia (28.1 tons)
- Philippines (1.8 tons)
- Singapore (0.1 tons)
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