Price for Compounded Rubber, Unvulcanised, in Primary Forms or in Plates, Sheets or Strip in the United States - 2024

Contents:

1. Price for Compounded Rubber, Unvulcanised, in Primary Forms or in Plates, Sheets or Strip in the United States (FOB) - 2024
2. Price for Compounded Rubber, Unvulcanised, in Primary Forms or in Plates, Sheets or Strip in the United States (CIF) - 2024
3. Exports of Compounded Rubber, Unvulcanised, in Primary Forms or in Plates, Sheets or Strip in the United States
4. Imports of Compounded Rubber, Unvulcanised, in Primary Forms or in Plates, Sheets or Strip in the United States

Price for Compounded Rubber, Unvulcanised, in Primary Forms or in Plates, Sheets or Strip in the United States (FOB) - 2024

In December 2023, the average export price for compounded rubber, unvulcanised, in primary forms or in plates, sheets or strips amounted to $3,475 per ton, with an increase of 2.9% against the previous month. Overall, the export price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in July 2023 when the average export price increased by 7.5% month-to-month. As a result, the export price attained the peak level of $3,752 per ton. From August 2023 to December 2023, the the average export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In December 2023, the country with the highest price was Mexico ($4,977 per ton), while the average price for exports to Thailand ($574 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 Mexico (+0.6%), while the prices for the other major destinations experienced a decline.

Price for Compounded Rubber, Unvulcanised, in Primary Forms or in Plates, Sheets or Strip in the United States (CIF) - 2024

In December 2023, the average import price for compounded rubber, unvulcanised, in primary forms or in plates, sheets or strips amounted to $3,420 per ton, waning by -2% against the previous month. Overall, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in June 2023 when the average import price increased by 3% m-o-m. The import price peaked at $3,654 per ton in April 2023; however, from May 2023 to December 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In December 2023, the country with the highest price was Japan ($5,459 per ton), while the price for Turkey ($883 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 Canada (+0.4%), while the prices for the other major suppliers experienced more modest paces of growth.

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

Exports of compounded rubber, unvulcanised, in primary forms or in plates, sheets or strips from the United States stood at 263K tons in 2022, remaining stable against 2021. The total export volume increased at an average annual rate of +2.5% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by 29% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, exports of compounded rubber, unvulcanised, in primary forms or in plates, sheets or strips rose to $860M in 2022. The total export value increased at an average annual rate of +2.4% over the period 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 when exports increased by 30%. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in the near future.

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

1. Mexico (81.5K tons)
2. Canada (74.8K tons)
3. India (40.2K tons)
4. Turkey (11.7K tons)
5. China (11.2K tons)
6. Brazil (6.3K tons)
7. Belgium (6.1K tons)
8. Thailand (6.1K tons)
9. Japan (2.8K tons)

Imports of Compounded Rubber, Unvulcanised, in Primary Forms or in Plates, Sheets or Strip in the United States

Imports of compounded rubber, unvulcanised, in primary forms or in plates, sheets or strips into the United States rose markedly to 195K tons in 2022, with an increase of 5.3% on the previous year. The total import volume increased at an average annual rate of +1.0% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when imports increased by 31%. Imports peaked in 2022 and are likely to see steady growth in years to come.

In value terms, imports of compounded rubber, unvulcanised, in primary forms or in plates, sheets or strips reached $690M in 2022. In general, total imports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +5.3% 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 +57.5% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 43% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

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

1. Canada (121.1K tons)
2. Thailand (23.5K tons)
3. Mexico (10.9K tons)
4. Germany (10.7K tons)
5. Poland (5.4K tons)
6. Japan (4.5K tons)
7. Brazil (3.4K tons)
8. France (2.9K tons)

Source: IndexBox Market Intelligence Platform