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

Contents:

1. Price for Compounded Rubber, Unvulcanised, in Primary Forms or in Plates, Sheets or Strip in Portugal (CIF) - 2023
2. Price for Compounded Rubber, Unvulcanised, in Primary Forms or in Plates, Sheets or Strip in Portugal (FOB) - 2022
3. Imports of Compounded Rubber, Unvulcanised, in Primary Forms or in Plates, Sheets or Strip in Portugal
4. Exports of Compounded Rubber, Unvulcanised, in Primary Forms or in Plates, Sheets or Strip in Portugal

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

The average import price for compounded rubber, unvulcanised, in primary forms or in plates, sheets or strips stood at $4,098 per ton in December 2023, falling by -5.8% against the previous month. Over the period under review, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in February 2023 when the average import price increased by 6.3% m-o-m. Over the period under review, average import prices hit record highs at $4,577 per ton in December 2022; however, from January 2023 to December 2023, import prices remained at a lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was France ($10,004 per ton), while the price for Poland ($1,977 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 Spain (+0.2%), while the prices for the other major suppliers experienced a decline.

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

In 2022, the average export price for compounded rubber, unvulcanised, in primary forms or in plates, sheets or strips amounted to $2,485 per ton, picking up by 15% against the previous year. Over the period under review, the export price, however, showed a pronounced slump. Over the period under review, the average export prices hit record highs at $3,071 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Poland ($3,508 per ton), while the average price for exports to Algeria ($1,840 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 Algeria (+8.6%), 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 Portugal

In 2022, the amount of compounded rubber, unvulcanised, in primary forms or in plates, sheets or strips imported into Portugal reached 16K tons, picking up by 11% compared with the year before. The total import volume increased at an average annual rate of +6.8% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of 18% against the previous year. Over the period under review, imports of reached the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, imports of compounded rubber, unvulcanised, in primary forms or in plates, sheets or strips skyrocketed to $61M in 2022. Over the period under review, total imports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +12.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +56.8% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 33%. Over the period under review, imports of attained the maximum in 2022 and are likely to continue growth in the near future.

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

1. Spain (6.7K tons)
2. Germany (3.8K tons)
3. Italy (3.4K tons)
4. France (1.2K tons)
5. United Kingdom (0.1K tons)

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

In 2022, exports of compounded rubber, unvulcanised, in primary forms or in plates, sheets or strips from Portugal shrank markedly to 1K tons, falling by -31.8% compared with the previous year. In general, exports showed a precipitous descent. The smallest decline of -12.6% was in 2021.

In value terms, exports of compounded rubber, unvulcanised, in primary forms or in plates, sheets or strips shrank dramatically to $2.6M in 2022. Over the period under review, exports recorded a dramatic decline. The smallest decline of -19.8% was in 2021.

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

1. Spain (624.5 tons)
2. France (72.6 tons)
3. Algeria (70.7 tons)
4. Ecuador (56.6 tons)
5. United Arab Emirates (52.2 tons)
6. Poland (46.8 tons)
7. Morocco (43.7 tons)
8. Romania (1.5 tons)
9. Germany (0.5 tons)

Source: IndexBox Market Intelligence Platform