Import of Unvulcanised Rubber in United States Declines by 13% to $45M in June 2023
U.S. Unvulcanized Rubber Imports
In June 2023, after three months of growth, there was significant decline in supplies from abroad of unvulcanized rubber, when their volume decreased by -14.5% to 13K tons. In general, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in January 2023 with an increase of 29% month-to-month.
In value terms, unvulcanized rubber imports fell to $45M (IndexBox estimates) in June 2023. Over the period under review, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in January 2023 when imports increased by 28% against the previous month.
Imports by Country
In June 2023, Canada (9.5K tons) constituted the largest supplier of unvulcanized rubber to the United States, with a 75% share of total imports. Moreover, unvulcanized rubber imports from Canada exceeded the figures recorded by the second-largest supplier, Mexico (1K tons), ninefold. The third position in this ranking was taken by Thailand (916 tons), with a 7.2% share.
From June 2022 to June 2023, the average monthly rate of growth in terms of volume from Canada was relatively modest. The remaining supplying countries recorded the following average monthly rates of imports growth: Mexico (+2.4% per month) and Thailand (+2.4% per month).
In value terms, Canada ($33M) constituted the largest supplier of unvulcanized rubber to the United States, comprising 74% of total imports. The second position in the ranking was held by Mexico ($3.4M), with a 7.5% share of total imports. It was followed by Thailand, with a 6.9% share.
From June 2022 to June 2023, the average monthly rate of growth in terms of value from Canada was relatively modest. The remaining supplying countries recorded the following average monthly rates of imports growth: Mexico (+2.5% per month) and Thailand (+0.9% per month).
Import Prices by Country
In June 2023, the unvulcanized rubber price stood at $3,527 per ton (CIF, US), approximately mirroring the previous month. In general, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in December 2022 an increase of 10% month-to-month. As a result, import price reached the peak level of $3,657 per ton. From January 2023 to June 2023, the average import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Germany ($7,475 per ton), while the price for Brazil ($2,958 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Japan (+2.3%), while the prices for the other major suppliers experienced more modest paces of growth.
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