Price for Rubber; Unvulcanised, Other than "Camel Back" Strips for Retreading Rubber Tyres in Hungary - 2023

Contents:

1. Price for Rubber; Unvulcanised, Other than "Camel Back" Strips for Retreading Rubber Tyres in Hungary (CIF) - 2023
2. Price for Rubber; Unvulcanised, Other than "Camel Back" Strips for Retreading Rubber Tyres in Hungary (FOB) - 2022
3. Imports of Rubber; Unvulcanised, Other than "Camel Back" Strips for Retreading Rubber Tyres in Hungary
4. Exports of Rubber; Unvulcanised, Other than "Camel Back" Strips for Retreading Rubber Tyres in Hungary

Price for Rubber; Unvulcanised, Other than "Camel Back" Strips for Retreading Rubber Tyres in Hungary (CIF) - 2023

In December 2023, the average import price for rubber amounted to $3,307 per ton, approximately equating the previous month. In general, the import price, however, recorded a pronounced decrease. The pace of growth was the most pronounced in July 2023 an increase of 37% m-o-m. The import price peaked at $4,353 per ton in December 2022; however, from January 2023 to December 2023, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In December 2023, the country with the highest price was Poland ($3,544 per ton), while the price for Germany ($2,522 per ton) was amongst the lowest.

From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Poland (-0.9%), while the prices for the other major suppliers experienced a decline.

Price for Rubber; Unvulcanised, Other than "Camel Back" Strips for Retreading Rubber Tyres in Hungary (FOB) - 2022

In 2022, the average export price for rubber amounted to $10,061 per ton, increasing by 21% against the previous year. Over the period under review, export price indicated a pronounced expansion from 2012 to 2022: its price increased at an average annual rate of +2.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for rubber decreased by -10.7% against 2019 indices. The growth pace was the most rapid in 2018 an increase of 74% against the previous year. Over the period under review, the average export prices attained the maximum at $11,262 per ton in 2019; however, from 2020 to 2022, the export prices remained at a 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 Ireland ($27,981 per ton), while the average price for exports to Serbia ($1,911 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 Spain (+13.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Rubber; Unvulcanised, Other than "Camel Back" Strips for Retreading Rubber Tyres in Hungary

In 2022, imports of rubber into Hungary soared to 2.5K tons, picking up by 415% against 2021. In general, imports posted a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of rubber skyrocketed to $9.4M in 2022. Over the period under review, imports showed significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Top Suppliers of Rubber; Unvulcanised, Other than "Camel Back" Strips for Retreading Rubber Tyres to Hungary in 2022:

1. Germany (1309.8 tons)
2. Poland (961.0 tons)
3. Italy (54.3 tons)
4. Austria (46.5 tons)
5. France (37.5 tons)
6. Czech Republic (26.5 tons)
7. South Korea (25.8 tons)

Exports of Rubber; Unvulcanised, Other than "Camel Back" Strips for Retreading Rubber Tyres in Hungary

In 2022, exports of rubber from Hungary declined to 313 tons, with a decrease of -6.1% on the previous year's figure. In general, total exports indicated a prominent expansion from 2019 to 2022: its volume increased at an average annual rate of +7.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +64.8% against 2020 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 76% against the previous year. As a result, the exports attained the peak of 333 tons, and then dropped in the following year.

In value terms, exports of rubber expanded rapidly to $3.1M in 2022. Overall, total exports indicated a pronounced expansion from 2019 to 2022: its value increased at an average annual rate of +3.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +64.8% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 45%. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in years to come.

Top Export Markets for Rubber; Unvulcanised, Other than "Camel Back" Strips for Retreading Rubber Tyres from Hungary in 2022:

1. Belgium (118.8 tons)
2. Austria (53.4 tons)
3. North Macedonia (34.3 tons)
4. Romania (21.3 tons)
5. Spain (19.5 tons)
6. Poland (16.0 tons)
7. Ireland (12.2 tons)
8. Germany (11.7 tons)
9. Serbia (6.8 tons)
10. Denmark (6.7 tons)
11. Ukraine (0.2 tons)

Source: IndexBox Market Intelligence Platform