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World - Natural Rubber And Gums - Market Analysis, Forecast, Size, Trends and Insights
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Article Publishing Date: Nov 5, 2020

The Global Natural Rubber And Gum Market Stabilized at $25B, but the Pandemic Hampers Resuming the Growth

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IndexBox has just published a new report: 'World - Natural Rubber And Gums - Market Analysis, Forecast, Size, Trends and Insights'. Here is a summary of the report's key findings.

The global natural rubber and gum market amounted to $25.2B in 2019, therefore, remained relatively stable against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). 

Despite robust gains in natural gum production in physical terms, the market value could only stabilize over the last years, after dropping sharply in 2015. Thus, global consumption peaked at $29.9B in 2013; however, from 2014 to 2019, consumption failed to regain the momentum. That dynamic is largely shaped by the shifts in prices that followed a shard decrease in global oil prices in 2015.

Consumption by Country

The countries with the highest volumes of natural rubber and gum consumption in 2019 were Thailand (4M tonnes), Indonesia (3.7M tonnes) and China (1.4M tonnes), together accounting for 62% of global consumption. These countries were followed by Viet Nam, Malaysia, India and Cote d'Ivoire, which together accounted for a further 25%.

From 2013 to 2019, the biggest increases were in Cote d'Ivoire, while natural rubber and gum consumption for the other global leaders experienced more modest paces of growth.

In value terms, Thailand ($6.3B), Indonesia ($5.8B) and China ($2.7B) were the countries with the highest levels of market value in 2019, with a combined 59% share of the global market. Viet Nam, Malaysia, India and Cote d'Ivoire lagged somewhat behind, together accounting for a further 24%.

The countries with the highest levels of natural rubber and gum per capita consumption in 2019 were Thailand (58 kg per person), Malaysia (31 kg per person) and Cote d'Ivoire (20 kg per person).

Market Forecast to 2030

Depressed by shrinking demand for rubber tires and industrial articles on the backdrop of the economic slump caused by the pandemic, the market is to decline noticeably in 2020. In the medium term, as the global economy recovers from the effects of the pandemic, the market is expected to grow gradually. Overall, market performance is forecast to pursue a slightly upward trend over the next decade, expanding with an anticipated CAGR of +0.3% for the period from 2019 to 2030, which is projected to bring the market volume to 15M tonnes by the end of 2030.

Production

For the fourth year in a row, the global market recorded growth in the production of natural rubber and gums, which increased by 3.2% to 15M tonnes in 2019. The total output volume increased at an average annual rate of +2.2% from 2013 to 2019; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. 

Over the period under review, global production hit record highs in 2019 and is likely to continue growing in the near future. The generally positive trend in terms of output was largely conditioned by a notable expansion of the harvested area and a relatively flat trend pattern in yield figures.

Production By Country

The countries with the highest volumes of natural rubber and gum production in 2019 were Thailand (4.9M tonnes), Indonesia (3.7M tonnes) and Viet Nam (1.2M tonnes), together accounting for 67% of global production. These countries were followed by India, China, Malaysia and Cote d'Ivoire, which together accounted for a further 21%.

From 2013 to 2019, the biggest increases were in Cote d'Ivoire, while natural rubber and gum production for the other global leaders experienced more modest paces of growth.

Harvested Area and Yield

In 2019, approx. 12M ha of natural rubber and gums were harvested worldwide; with an increase of 3.4% compared with the year before. The harvested area increased at an average annual rate of +2.3% over the period from 2013 to 2019; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. 

In 2019, the global average natural rubber and gum yield reduced modestly to 1.2 tonnes per ha, leveling off at 2018 figures. In general, the yield saw a relatively flat trend pattern. 

Imports

After three years of growth, supplies from abroad of natural rubber and gums decreased by -4.3% to 1.3M tonnes in 2019. The total import volume increased at an average annual rate of +1.2% from 2013 to 2019; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. Global imports peaked at 1.3M tonnes in 2018, and then reduced modestly in the following year. In value terms, natural rubber and gum imports declined to $1.6B (IndexBox estimates) in 2019. 

Imports by Country

China remains the main importer of natural rubber and gums in the world, with the volume of imports reaching 554K tonnes, which was approx. 44% of total imports in 2019. It was distantly followed by Malaysia (312K tonnes), generating a 25% share of total imports. The U.S. (48K tonnes), Mexico (29K tonnes), Brazil (29K tonnes), the Netherlands (28K tonnes), Belgium (24K tonnes), Viet Nam (22K tonnes) and Pakistan (20K tonnes) followed a long way behind the leaders.

From 2013 to 2019, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by the Netherlands, while imports for the other global leaders experienced more modest paces of growth.

In value terms, China ($608M), Malaysia ($508M) and the U.S. ($54M) were the countries with the highest levels of imports in 2019, with a combined 71% share of global imports. These countries were followed by Brazil, the Netherlands, Mexico, Belgium, Pakistan and Viet Nam, which together accounted for a further 9.9%.

Import Prices by Country

In 2019, the average natural rubber and gum import price amounted to $1,305 per tonne, dropping by -4.1% against the previous year. Over the period under review, the import price recorded an abrupt decrease. The pace of growth was the most pronounced in 2017 an increase of 20% against the previous year. Global import price peaked at $2,464 per tonne in 2013; however, from 2014 to 2019, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2019, the country with the highest price was Malaysia ($1,629 per tonne), while Mexico ($966 per tonne) was amongst the lowest.

From 2013 to 2019, the most notable rate of growth in terms of prices was attained by the U.S., while the other global leaders experienced a decline in the import price figures.

Source: IndexBox Platform

Product coverage:
• FCL 836 - Natural rubber

This report provides an in-depth analysis of the global market for natural rubber and gum. 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 2025.



Data coverage:
• Global market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Global production, split by region and country
• Global trade (exports and imports)
• 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:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. 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.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
CONSUMPTION BY COUNTRY
3.3
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
COUNTRIES WITH TOP YIELDS
5.4
TOP EXPORTING COUNTRIES
5.5
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. GLOBAL PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
7.2
PRODUCTION BY COUNTRY
7.3
HARVESTED AREA AND YIELD BY COUNTRY
8. GLOBAL IMPORTS

The Largest Importers on The Market and How They Succeed

8.1
IMPORTS FROM 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS

The Largest Exporters on The Market and How They Succeed

9.1
EXPORTS FROM 2007–2020
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

11. COUNTRY PROFILES

The Largest Markets And Their Profiles

United States
China
Japan
Germany
United Kingdom
France
Brazil
Italy
Russian Federation
India
Canada
Australia
Republic of Korea
Spain
Mexico
Indonesia
Netherlands
Turkey
Saudi Arabia
Switzerland
Sweden
Nigeria
Poland
Belgium
Argentina
Norway
Austria
Thailand
United Arab Emirates
Colombia
Denmark
South Africa
Malaysia
Israel
Singapore
Egypt
Philippines
Finland
Chile
Ireland
Pakistan
Greece
Portugal
Kazakhstan
Algeria
Czech Republic
Qatar
Peru
Romania
Vietnam
LIST OF TABLES
Table 1:
Key Findings In 2020
Table 2:
Market Volume, In Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption, By Country, 2018–2020
Table 5:
Production, In Physical Terms, By Country, 2007–2020
Table 6:
Harvested Area, By Country, 2007-2020
Table 7:
Yield, By Country, 2007-2020
Table 8:
Imports, In Physical Terms, By Country, 2007–2020
Table 9:
Imports, In Value Terms, By Country, 2007–2020
Table 10:
Import Prices, By Country Of Destination, 2007–2020
Table 11:
Exports, In Physical Terms, By Country, 2007–2020
Table 12:
Exports, In Value Terms, By Country, 2007–2020
Table 13:
Export Prices, By Country Of Origin, 2007–2020
Table 14:
Producer Prices, By Major Producing Country, 2020
Table 15:
Producer Prices Index - Annual Data (2004-2006=100), By Major Producing Country
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Consumption, By Country, 2020
Figure 4:
Market Forecast To 2025
Figure 5:
Products: Market Size And Growth, By Type
Figure 6:
Products: Average Per Capita Consumption, By Type
Figure 7:
Products: Exports And Growth, By Type
Figure 8:
Products: Export Prices And Growth, By Type
Figure 9:
Production Volume And Growth
Figure 10:
Yield And Growth
Figure 11:
Exports And Growth
Figure 12:
Export Prices And Growth
Figure 13:
Market Size And Growth
Figure 14:
Per Capita Consumption
Figure 15:
Imports And Growth
Figure 16:
Import Prices
Figure 17:
Production, In Physical Terms, 2007–2020
Figure 18:
Production, In Value Terms, 2007–2020
Figure 19:
Area Harvested, 2007–2020
Figure 20:
Yield, 2007–2020
Figure 21:
Production, By Country, 2020
Figure 22:
Production, In Physical Terms, By Country, 2007–2020
Figure 23:
Harvested Area, By Country, 2020
Figure 24:
Harvested Area, By Country, 2007-2020
Figure 25:
Yield, By Country, 2007-2020
Figure 26:
Imports, In Physical Terms, 2007–2020
Figure 27:
Imports, In Value Terms, 2007–2020
Figure 28:
Imports, In Physical Terms, By Country, 2020
Figure 29:
Imports, In Physical Terms, By Country, 2007–2020
Figure 30:
Imports, In Value Terms, By Country, 2007–2020
Figure 31:
Import Prices, By Country, 2007–2020
Figure 32:
Exports, In Physical Terms, 2007–2020
Figure 33:
Exports, In Value Terms, 2007–2020
Figure 34:
Exports, In Physical Terms, By Country, 2020
Figure 35:
Exports, In Physical Terms, By Country, 2007–2020
Figure 36:
Exports, In Value Terms, By Country, 2007–2020
Figure 37:
Export Prices, 2007–2020

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