Malaysia - Synthetic Rubber (Excluding Latex) - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Synthetic Rubber (Excluding Latex) in Malaysia - 2021
Contents:
- Price for Synthetic Rubber (Excluding Latex) in Malaysia (FOB) - 2022
- Price for Synthetic Rubber (Excluding Latex) in Malaysia (CIF) - 2022
- Exports of Synthetic Rubber (Excluding Latex) in Malaysia
- Imports of Synthetic Rubber (Excluding Latex) in Malaysia
Price for Synthetic Rubber (Excluding Latex) in Malaysia (FOB) - 2022
The average synthetic rubber (excluding latex) export price stood at $1,702 per ton in 2022, dropping by -6.4% against the previous year. Overall, the export price showed a noticeable curtailment. The most prominent rate of growth was recorded in 2017 an increase of 8.9% against the previous year. The export price peaked at $2,375 per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for China.
From 2012 to 2022, the rate of growth in terms of prices for China amounted to -3.9% per year.
Price for Synthetic Rubber (Excluding Latex) in Malaysia (CIF) - 2022
The average synthetic rubber (excluding latex) import price stood at $3,177 per ton in 2022, increasing by 22% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The import price peaked at $3,454 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Brazil ($8,206 per ton), while the price for Russia ($1,825 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+8.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Synthetic Rubber (Excluding Latex) in Malaysia
For the fourth consecutive year, Malaysia recorded growth in overseas shipments of synthetic rubber (excluding latex), which increased by 72% to 422K tons in 2022. In general, exports showed significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, synthetic rubber (excluding latex) exports soared to $718M in 2022. Over the period under review, exports recorded a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Synthetic Rubber (Excluding Latex) in Malaysia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 205 | 247 | 352 | 628 | 45.2% |
| Indonesia | 9.8 | 11.1 | 22.3 | 23.3 | 33.5% |
| Vietnam | 6.3 | 4.9 | 10.1 | 7.5 | 6.0% |
| Others | 33.4 | 20.6 | 62.2 | 59.4 | 21.2% |
| Total | 255 | 283 | 447 | 718 | 41.2% |
Top Export Markets for Synthetic Rubber (Excluding Latex) from Malaysia in 2022:
- China (378.4K tons)
- Indonesia (4.6K tons)
- Vietnam (4.3K tons)
Imports of Synthetic Rubber (Excluding Latex) in Malaysia
Synthetic rubber (excluding latex) imports into Malaysia shrank to 132K tons in 2022, dropping by -11.3% compared with the previous year's figure. Overall, imports recorded a perceptible decrease. The most prominent rate of growth was recorded in 2021 with an increase of 22%. As a result, imports attained the peak of 149K tons, and then contracted in the following year.
In value terms, synthetic rubber (excluding latex) imports rose sharply to $420M in 2022. In general, total imports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +7.2% 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 +54.9% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 44% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.
| Import of Synthetic Rubber (Excluding Latex) in Malaysia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 91.1 | 76.1 | 99.4 | 91.2 | 0.0% |
| China | 16.7 | 18.5 | 27.2 | 55.4 | 49.1% |
| Brazil | 39.0 | 34.9 | 33.9 | 55.3 | 12.3% |
| Saudi Arabia | 34.3 | 6.5 | 62.8 | 50.5 | 13.8% |
| South Korea | 24.0 | 19.9 | 26.9 | 32.7 | 10.9% |
| United States | 35.6 | 32.7 | 32.4 | 30.8 | -4.7% |
| Thailand | 21.3 | 14.7 | 24.1 | 26.7 | 7.8% |
| Taiwan (Chinese) | 19.6 | 17.1 | 26.2 | 25.6 | 9.3% |
| Germany | 12.9 | 14.8 | 18.4 | 19.1 | 14.0% |
| Singapore | 10.9 | 5.9 | 9.4 | 9.2 | -5.5% |
| Poland | 3.7 | 5.2 | 2.6 | 4.5 | 6.7% |
| Russia | 10.1 | 10.1 | 5.3 | 4.5 | -23.6% |
| Others | 22.2 | 15.0 | 20.7 | 14.8 | -12.6% |
| Total | 341 | 271 | 389 | 420 | 7.2% |
Top Suppliers of Synthetic Rubber (Excluding Latex) to Malaysia in 2022:
- Saudi Arabia (24.4K tons)
- Japan (23.2K tons)
- China (19.0K tons)
- South Korea (14.6K tons)
- Taiwan (Chinese) (12.7K tons)
- Thailand (9.3K tons)
- Brazil (6.7K tons)
- United States (5.5K tons)
- Singapore (3.6K tons)
- Germany (3.5K tons)
- Russia (2.4K tons)
- Poland (2.1K tons)
This report provides an in-depth analysis of the market for synthetic rubber (excluding latex) in Malaysia. 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 20171090 - Synthetic rubber (excluding latex)
Country coverage:
- Malaysia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Malaysia
- 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
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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>
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