Price for Compounded Rubber, Unvulcanised, in Primary Forms or in Plates, Sheets or Strip in Bangladesh - 2022

Contents:

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

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

In 2022, the average import price for compounded rubber, unvulcanised, in primary forms or in plates, sheets or strips amounted to $2,922 per ton, declining by -22.6% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average import price increased by 52%. The import price peaked at $3,822 per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($16,168 per ton), while the price for China ($2,005 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+26.6%), 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 Bangladesh (FOB) - 2022

In 2022, the average export price for compounded rubber, unvulcanised, in primary forms or in plates, sheets or strips amounted to $2,201 per ton, declining by -21.4% against the previous year. Over the period under review, the export price, however, recorded a strong expansion. The most prominent rate of growth was recorded in 2013 when the average export price increased by 147%. The export price peaked at $2,800 per ton in 2021, and then shrank markedly in the following year.

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

From 2012 to 2022, the rate of growth in terms of prices for Taiwan (Chinese) amounted to +20.4% per year.

Imports of Compounded Rubber, Unvulcanised, in Primary Forms or in Plates, Sheets or Strip in Bangladesh

In 2022, after two years of decline, there was significant growth in supplies from abroad of compounded rubber, unvulcanised, in primary forms or in plates, sheets or strips, when their volume increased by 36% to 1K tons. In general, imports, however, showed a relatively flat trend pattern.

In value terms, imports of compounded rubber, unvulcanised, in primary forms or in plates, sheets or strips expanded sharply to $3M in 2022. The total import value increased at an average annual rate of +1.1% over the period from 2019 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when imports increased by 12%. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in the immediate term.

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

1. India (470.8 tons)
2. China (323.8 tons)
3. South Korea (32.6 tons)
4. Italy (30.5 tons)
5. Japan (17.7 tons)
6. Hong Kong SAR (10.0 tons)
7. Germany (0.2 tons)

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

In 2022, the amount of compounded rubber, unvulcanised, in primary forms or in plates, sheets or strips exported from Bangladesh soared to 60 tons, rising by 1,725% against 2021. Overall, 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 $132K in 2022. In general, exports recorded a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

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

1. Hong Kong SAR (18.3 tons)

Source: IndexBox Market Intelligence Platform