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

Contents:

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

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

In 2022, the average import price for compounded rubber, unvulcanised, in primary forms or in plates, sheets or strips amounted to $3,545 per ton, declining by -15.9% against the previous year. Over the period under review, the import price continues to indicate a mild curtailment. The pace of growth appeared the most rapid in 2015 an increase of 30% against the previous year. Over the period under review, average import prices hit record highs at $4,816 per ton in 2017; however, from 2018 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 Germany ($8,938 per ton), while the price for India ($268 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+14.6%), 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 the Philippines (FOB) - 2022

In 2022, the average export price for compounded rubber, unvulcanised, in primary forms or in plates, sheets or strips amounted to $1,520 per ton, which is down by -7% against the previous year. Overall, the export price showed a noticeable contraction. The most prominent rate of growth was recorded in 2016 when the average export price increased by 1,142% against the previous year. Over the period under review, the average export prices attained the maximum at $55,168 per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

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 Italy ($198,926 per ton), while the average price for exports to China ($4,757 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 Thailand (+56.9%), 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 the Philippines

In 2022, imports of compounded rubber, unvulcanised, in primary forms or in plates, sheets or strips into the Philippines totaled 5.8K tons, picking up by 2.5% compared with the year before. In general, total imports indicated a strong expansion from 2019 to 2022: its volume increased at an average annual rate of +11.6% 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 +47.3% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 44% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, imports of compounded rubber, unvulcanised, in primary forms or in plates, sheets or strips fell to $20M in 2022. The total import value increased at an average annual rate of +1.9% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 50%. As a result, imports attained the peak of $24M, and then fell in the following year.

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

1. Japan (2019.4 tons)
2. Thailand (982.3 tons)
3. South Korea (907.0 tons)
4. India (503.9 tons)
5. Malaysia (393.7 tons)
6. United Arab Emirates (294.1 tons)
7. Taiwan (Chinese) (242.5 tons)
8. Germany (85.6 tons)
9. Indonesia (44.6 tons)

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

Exports of compounded rubber, unvulcanised, in primary forms or in plates, sheets or strips from the Philippines soared to 1.3K tons in 2022, with an increase of 5,363% compared with the previous year's figure. In general, exports enjoyed significant growth. As a result, the exports reached the peak 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 surged to $2M in 2022. Overall, exports, however, continue to indicate a slight decline.

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

1. China (79.5 tons)
2. Germany (12.4 tons)
3. Japan (6.8 tons)
4. Thailand (4.7 tons)
5. Italy (2.9 tons)

Source: IndexBox Market Intelligence Platform