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

Contents:

1. Price for Compounded Rubber, Unvulcanised, in Primary Forms or in Plates, Sheets or Strip in Italy (FOB) - 2023
2. Price for Compounded Rubber, Unvulcanised, in Primary Forms or in Plates, Sheets or Strip in Italy (CIF) - 2023
3. Exports of Compounded Rubber, Unvulcanised, in Primary Forms or in Plates, Sheets or Strip in Italy
4. Imports of Compounded Rubber, Unvulcanised, in Primary Forms or in Plates, Sheets or Strip in Italy

Price for Compounded Rubber, Unvulcanised, in Primary Forms or in Plates, Sheets or Strip in Italy (FOB) - 2023

In December 2023, the average export price for compounded rubber, unvulcanised, in primary forms or in plates, sheets or strips amounted to $3,682 per ton, with an increase of 1.5% against the previous month. Overall, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in September 2023 an increase of 53% against the previous month. Over the period under review, the average export prices attained the peak figure at $4,251 per ton in June 2023; however, from July 2023 to December 2023, the export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was Germany ($4,962 per ton), while the average price for exports to Portugal ($2,975 per ton) was amongst the lowest.

From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+2.5%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Compounded Rubber, Unvulcanised, in Primary Forms or in Plates, Sheets or Strip in Italy (CIF) - 2023

The average import price for compounded rubber, unvulcanised, in primary forms or in plates, sheets or strips stood at $5,244 per ton in December 2023, jumping by 30% against the previous month. Over the last twelve months, it increased at an average monthly rate of +1.7%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by the country of origin: the country with the highest price was Poland ($9,517 per ton), while the price for France ($3,072 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 (+10.7%), 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 Italy

In 2022, approx. 181K tons of compounded rubber, unvulcanised, in primary forms or in plates, sheets or strips were exported from Italy; stabilizing at the year before. The total export volume increased at an average annual rate of +1.2% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 15% against the previous year. Over the period under review, the exports of attained the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, exports of compounded rubber, unvulcanised, in primary forms or in plates, sheets or strips rose notably to $624M in 2022. The total export value increased at an average annual rate of +6.6% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 21%. The exports peaked in 2022 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 Italy in 2022:

1. Poland (30.5K tons)
2. Germany (25.3K tons)
3. Spain (17.3K tons)
4. France (16.1K tons)
5. Turkey (10.2K tons)
6. Serbia (9.6K tons)
7. Hungary (8.2K tons)
8. Romania (7.9K tons)
9. China (5.1K tons)
10. Portugal (4.3K tons)
11. Brazil (3.6K tons)
12. Slovenia (3.0K tons)
13. Morocco (2.9K tons)

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

Imports of compounded rubber, unvulcanised, in primary forms or in plates, sheets or strips into Italy expanded to 66K tons in 2022, picking up by 2.1% against the previous year's figure. Overall, imports, however, recorded a mild slump. The growth pace was the most rapid in 2021 when imports increased by 9.5% against the previous year.

In value terms, imports of compounded rubber, unvulcanised, in primary forms or in plates, sheets or strips expanded rapidly to $233M in 2022. The total import value increased at an average annual rate of +4.3% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when imports increased by 18%. Over the period under review, imports of reached the maximum in 2022 and are likely to continue growth in the immediate term.

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

1. Germany (20.9K tons)
2. Spain (12.8K tons)
3. Poland (7.8K tons)
4. France (6.2K tons)
5. Thailand (4.4K tons)
6. Turkey (2.6K tons)
7. United Kingdom (2.3K tons)
8. Romania (2.2K tons)
9. Belgium (2.2K tons)
10. Austria (1.3K tons)

Source: IndexBox Market Intelligence Platform