Which Country Exports the Most Synthetic Rubber in the World?
Plastics And Synthetic Rubber In Primary Forms May 28, 2018
In 2016, approx. 9.4M tonnes of synthetic rubber were exported worldwide; growing by 2% against the previous year figure. The total export volume increased at an average annual rate of +2.9% from 2007 to 2016; however, the trend pattern indicated some noticeable fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2010, when exports increased by 13% y-o-y. Over the period under review, global synthetic rubber exports reached its maximum volume in 2016, and are likely to see steady growth in the immediate term.
In value terms, synthetic rubber exports stood at $16B in 2016. Overall, it indicated a mild increase from 2007 to 2016: the total exports value increased at an average annual rate of +2.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on the result of 2016, synthetic rubber exports decreased by -38.2% against its level of 2011. Global synthetic rubber export peaked of $27B in 2011; however, from 2012 to 2016, it stood at a somewhat lower level.
Top Synthetic Rubber Exporting Countries in the World
1. USA (2.4 billion USD)
2. Japan (2.2 billion USD)
3. South Korea (2.2 billion USD)
4. Germany (1.4 billion USD)
5. Russia (1.3 billion USD)
6. Belgium (1.2 billion USD)
7. Singapore (0.9 billion USD)
8. Thailand (0.6 billion USD)
9. France (0.5 billion USD)
10. China (0.4 billion USD)
11. Poland (0.4 billion USD)
12. Malaysia (0.3 billion USD)
Synthetic Rubber Exports By Country
The countries with the highest levels of synthetic rubber exports in 2016 were South Korea (1.6M tonnes), the U.S. (1.1M tonnes), Russia (984K tonnes), Germany (893K tonnes), Japan (858K tonnes), Belgium (648K tonnes), Thailand (433K tonnes), Malaysia (307K tonnes), France (288K tonnes), Singapore (280K tonnes), Poland (270K tonnes), and China (208K tonnes), together reaching 84% of total export.
From 2007 to 2016, the most notable growth rate of synthetic rubber exports, among the main exporting countries, was attained by Singapore (+52.0% per year), while the other global leaders experienced more modest paces of growth.
In value terms, the U.S. ($2.4B), Japan ($2.2B) and South Korea ($2.2B) were the countries with the highest levels of exports in 2016, together accounting for 41% of global exports.Germany, Russia, Belgium, Singapore, Thailand, France, China, Poland and Malaysia lagged somewhat behind, together comprising a further 43%.
Singapore (+55.0% per year) experienced the highest rates of growth with regard to the synthetic rubber exports, in terms of the main exporting countries, over the last 9 years, while the other global leaders experienced more modest paces of growth.
Synthetic Rubber Export Prices By Country
In 2016, the average export price for synthetic rubber amounted to $1,748 per tonne, coming down by -5.8% against the previous year. In general, synthetic rubber export price continues to indicate a slight contraction. The most prominent rate of growth was recorded in 2011, when export increased by 33% y-o-y. In that year, average synthetic rubber export price attained its maximum level of $3,339 per tonne. From 2012 to 2016, growth of average synthetic rubber export price failed to regain its strength.
Export prices varied noticeably by country of destination. the country with the highest export prices was Singapore ($3,217 per tonne), while Malaysia ($1,116 per tonne) was among the lowest.
From 2007 to 2016, the most notable growth rate of synthetic rubber export prices was attained by Singapore (+2.0% per year), while the other global leaders experienced mixed trends in the export price figures.
Do you want to know more about global synthetic rubber market? Get the latest trends and insight from our report. It includes a wide range of statistics on
- synthetic rubber market share
- synthetic rubber prices
- synthetic rubber industry
- synthetic rubber sales
- synthetic rubber import
- synthetic rubber export
- synthetic rubber market forecast
- synthetic rubber price forecast
- key synthetic rubber producers
All data provided in this article covers the following product: HS Code 4002 - Synthetic rubber and factice derived from oils, in primary forms or in plates, sheets or strip; mixtures of heading no. 4001 and 4002, in primary forms or in plates, sheets or strip.
Source: World: Synthetic Rubber - Market Report. Analysis and Forecast to 2025
