China - Synthetic Rubber - Market Analysis, Forecast, Size, Trends And Insights
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View PricingSynthetic Rubber Price in China - 2023
Contents:
- Synthetic Rubber Price in China (CIF) - 2022
- Synthetic Rubber Price in China (FOB) - 2023
- Synthetic Rubber Imports in China
- Synthetic Rubber Exports in China
Synthetic Rubber Price in China (CIF) - 2022
The average synthetic rubber import price stood at $1,884 per ton in 2021, with an increase of 30% against the previous year. Over the period under review, the import price, however, recorded a abrupt downturn. The import price peaked at $3,543 per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($3,283 per ton), while the price for Myanmar ($1,617 per ton) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+1.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Synthetic Rubber Price in China (FOB) - 2023
In August 2023, the average synthetic rubber export price amounted to $1,670 per ton, approximately equating the previous month. In general, the export price showed a noticeable curtailment. The most prominent rate of growth was recorded in March 2023 an increase of 2.2% m-o-m. Over the period under review, the average export prices hit record highs at $2,462 per ton in September 2022; however, from October 2022 to August 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 Belgium ($2,597 per ton), while the average price for exports to Cambodia ($1,033 per ton) was amongst the lowest.
From September 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United States (-0.1%), while the prices for the other major destinations experienced a decline.
Synthetic Rubber Imports in China
Synthetic rubber imports into China rose remarkably to 4.8M tons in 2022, growing by 9% compared with the previous year. The total import volume increased at an average annual rate of +5.0% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 25% against the previous year. As a result, imports reached the peak of 5.2M tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, synthetic rubber imports contracted to $7.9B in 2022. The total import value increased at an average annual rate of +5.6% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2020 with an increase of 12%.
Import of Synthetic Rubber in China (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
Thailand | 1,915 | 2,317 | 2,053 | 3.5% | |
Vietnam | 1,169 | 1,523 | 2,013 | 31.2% | |
South Korea | 549 | 521 | 854 | 24.7% | |
Malaysia | 576 | 715 | 707 | 10.8% | |
Japan | 561 | 502 | 670 | 9.3% | |
Russia | 268 | 329 | 253 | -2.8% | |
Saudi Arabia | 221 | 188 | 225 | 0.9% | |
United States | 312 | 262 | 225 | -15.1% | |
Taiwan (Chinese) | 137 | 142 | 188 | 17.1% | |
Germany | 121 | 115 | 185 | 23.6% | |
Singapore | 240 | 170 | 179 | -13.6% | |
Myanmar | 73.5 | 106 | 158 | 46.6% | |
Indonesia | 104 | 232 | 103 | -0.5% | |
Others | 441 | 376 | 434 | -0.8% | |
Total | 6,688 | 7,499 | 8,247 | 11.0% |
Top Suppliers of Synthetic Rubber to China in 2022:
- Thailand (1218.3K tons)
- Vietnam (1208.8K tons)
- Malaysia (416.1K tons)
- South Korea (407.1K tons)
- Japan (204.2K tons)
- Russia (142.1K tons)
- Saudi Arabia (102.9K tons)
- Myanmar (97.6K tons)
- Germany (86.2K tons)
- Singapore (83.3K tons)
- Taiwan (Chinese) (75.5K tons)
- United States (68.6K tons)
- Indonesia (53.3K tons)
Synthetic Rubber Exports in China
In 2022, after three years of growth, there was significant decline in shipments abroad of synthetic rubber, when their volume decreased by -17.9% to 497K tons. Overall, total exports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +14.9% 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 +51.8% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 56% against the previous year. As a result, the exports attained the peak of 606K tons, and then shrank notably in the following year.
In value terms, synthetic rubber exports shrank dramatically to $1B in 2022. In general, exports, however, recorded prominent growth. The pace of growth was the most pronounced in 2021 when exports increased by 87%. As a result, the exports attained the peak of $1.4B, and then reduced remarkably in the following year.
Export of Synthetic Rubber in China (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
Malaysia | 35.0 | 101 | 264 | 174.6% | |
Vietnam | 85.2 | 119 | 179 | 44.9% | |
Thailand | 59.3 | 85.7 | 171 | 69.8% | |
South Korea | 34.7 | 44.0 | 89.0 | 60.2% | |
Indonesia | 25.7 | 24.4 | 61.7 | 54.9% | |
India | 40.2 | 31.1 | 51.4 | 13.1% | |
Belgium | 53.2 | 38.3 | 47.6 | -5.4% | |
Taiwan (Chinese) | 33.5 | 31.5 | 44.4 | 15.1% | |
Turkey | 22.5 | 22.3 | 43.5 | 39.0% | |
Italy | 18.9 | 11.4 | 27.6 | 20.8% | |
United States | 28.1 | 22.5 | 27.0 | -2.0% | |
Hong Kong SAR | 33.5 | 20.8 | 23.9 | -15.5% | |
Pakistan | 8.8 | 12.2 | 23.1 | 62.0% | |
Others | 221 | 161 | 301 | 16.7% | |
Total | 699 | 726 | 1,355 | 39.2% |
Top Export Markets for Synthetic Rubber from China in 2022:
- Malaysia (120.6K tons)
- Thailand (88.0K tons)
- Vietnam (78.7K tons)
- South Korea (41.6K tons)
- Indonesia (30.5K tons)
- Belgium (21.4K tons)
- India (20.5K tons)
- Turkey (18.1K tons)
- Taiwan (Chinese) (17.7K tons)
- Pakistan (12.4K tons)
- United States (11.8K tons)
- Hong Kong SAR (10.5K tons)
- Italy (10.3K tons)
This report provides an in-depth analysis of the synthetic rubber market in China. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 20171050 - Synthetic latex rubber
- Prodcom 20171090 - Synthetic rubber (excluding latex)
Country coverage:
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in China
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
This report provides an in-depth analysis of the synthetic rubber market in China.
This report provides an in-depth analysis of the market for isoprene rubber (ir) in primary form in China.
This report provides an in-depth analysis of the market for synthetic rubber (excluding latex) in China.
This report provides an in-depth analysis of the synthetic latex rubber market in China.
This report provides an in-depth analysis of the global synthetic rubber market.
This report provides an in-depth analysis of the global market for isoprene rubber (ir) in primary form.
This report provides an in-depth analysis of the global market for synthetic rubber (excluding latex).
This report provides an in-depth analysis of the global synthetic latex rubber market.
This report provides an in-depth analysis of the synthetic rubber market in China.
This report provides an in-depth analysis of the market for isoprene rubber (ir) in primary form in China.
In Feb 2023, the price of synthetic latex rubber was $1,655/ton (CIF, China), increasing 10% month-on-month.
In 2016, the amount of synthetic rubber imported worldwide amounted to X tons, approximately mirroring the previous year level. The total import volume increased at an average annual rate of +X>
In 2016, the amount of synthetic rubber imported worldwide amounted to X tons, approximately mirroring the previous year level. The total import volume increased at an average annual rate of +X>
Discover the top import markets for synthetic rubber (excluding latex) with key statistics and analysis. Learn about the leading countries driving the demand for synthetic rubber. Read more on IndexBox market intelligence platform.
Discover the top import markets for synthetic latex rubber and their key statistics. Malaysia, China, and Thailand lead the way, according to IndexBox data.
In Feb 2023, the price of synthetic latex rubber was $1,655/ton (CIF, China), increasing 10% month-on-month.
In 2016, the amount of synthetic rubber imported worldwide amounted to X tons, approximately mirroring the previous year level. The total import volume increased at an average annual rate of +X>
In 2016, the amount of synthetic rubber imported worldwide amounted to X tons, approximately mirroring the previous year level. The total import volume increased at an average annual rate of +X>
Discover the top import markets for synthetic rubber (excluding latex) with key statistics and analysis. Learn about the leading countries driving the demand for synthetic rubber. Read more on IndexBox market intelligence platform.
Discover the top import markets for synthetic latex rubber and their key statistics. Malaysia, China, and Thailand lead the way, according to IndexBox data.