Thailand - Synthetic Rubber (Excluding Latex) - Market Analysis, Forecast, Size, Trends And Insights
Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.
View PricingPrice for Synthetic Rubber (Excluding Latex) in Thailand - 2023
Contents:
- Price for Synthetic Rubber (Excluding Latex) in Thailand (FOB) - 2023
- Price for Synthetic Rubber (Excluding Latex) in Thailand (CIF) - 2023
- Exports of Synthetic Rubber (Excluding Latex) in Thailand
- Imports of Synthetic Rubber (Excluding Latex) in Thailand
Price for Synthetic Rubber (Excluding Latex) in Thailand (FOB) - 2023
The average synthetic rubber (excluding latex) export price stood at $1,498 per ton in September 2023, picking up by 3.8% against the previous month. Overall, the export price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in March 2023 an increase of 6.4% against the previous month. Over the period under review, the average export prices attained the maximum at $1,600 per ton in September 2022; however, from October 2022 to September 2023, the export prices failed to regain momentum.
Average prices varied somewhat for the major external markets. In September 2023, the country with the highest price was Indonesia ($2,081 per ton), while the average price for exports to China ($1,414 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (+0.3%), while the prices for the other major destinations experienced a decline.
Price for Synthetic Rubber (Excluding Latex) in Thailand (CIF) - 2023
The average synthetic rubber (excluding latex) import price stood at $2,143 per ton in September 2023, with an increase of 2.7% against the previous month. Overall, the import price, however, showed a pronounced shrinkage. The pace of growth appeared the most rapid in October 2022 when the average import price increased by 2.8% month-to-month. As a result, import price attained the peak level of $2,842 per ton. From November 2022 to September 2023, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Japan ($3,339 per ton), while the price for Russia ($1,330 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Singapore (-0.8%), while the prices for the other major suppliers experienced a decline.
Exports of Synthetic Rubber (Excluding Latex) in Thailand
In 2022, approx. 1.8M tons of synthetic rubber (excluding latex) were exported from Thailand; rising by 34% against 2021 figures. The total export volume increased at an average annual rate of +7.7% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, synthetic rubber (excluding latex) exports soared to $3B in 2022. The total export value increased at an average annual rate of +12.1% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. 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 Thailand (Billion USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
| China | 1.8 | 2.1 | 1.9 | 2.7% | |
| Others | 0.3 | 0.2 | 0.3 | 0.0% | |
| Total | 2.1 | 2.3 | 2.2 | 2.4% | |
Top Export Markets for Synthetic Rubber (Excluding Latex) from Thailand in 2022:
- China (1213.0K tons)
Imports of Synthetic Rubber (Excluding Latex) in Thailand
In 2022, after three years of growth, there was significant decline in overseas purchases of synthetic rubber (excluding latex), when their volume decreased by -8.2% to 429K tons. The total import volume increased at an average annual rate of +1.4% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2020 with an increase of 8.1% against the previous year.
In value terms, synthetic rubber (excluding latex) imports rose slightly to $1.1B in 2022. The total import value increased at an average annual rate of +9.8% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of 36% against the previous year. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the immediate term.
| Import of Synthetic Rubber (Excluding Latex) in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
| Japan | 246 | 225 | 276 | 5.9% | |
| South Korea | 158 | 138 | 216 | 16.9% | |
| China | 44.2 | 64.1 | 133 | 73.5% | |
| United States | 90.9 | 78.0 | 98.4 | 4.0% | |
| Singapore | 78.6 | 67.8 | 78.7 | 0.1% | |
| Taiwan (Chinese) | 44.2 | 37.3 | 59.2 | 15.7% | |
| Russia | 40.3 | 34.5 | 47.4 | 8.5% | |
| Others | 161 | 166 | 189 | 8.3% | |
| Total | 864 | 810 | 1,098 | 12.7% | |
Top Suppliers of Synthetic Rubber (Excluding Latex) to Thailand in 2022:
- South Korea (112.7K tons)
- Japan (82.3K tons)
- China (65.0K tons)
- United States (37.0K tons)
- Singapore (35.6K tons)
- Taiwan (Chinese) (29.7K tons)
- Russia (25.8K tons)
This report provides an in-depth analysis of the market for synthetic rubber (excluding latex) in Thailand. 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:
- Thailand
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Thailand
- 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.
-
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
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
-
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
-
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
-
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
-
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
-
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
-
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
182
This report provides an in-depth analysis of the market for synthetic rubber (excluding latex) in Thailand.
762
This report provides an in-depth analysis of the synthetic rubber market in Thailand.
120
This report provides an in-depth analysis of the market for isoprene rubber (ir) in primary form in Thailand.
401
This report provides an in-depth analysis of the synthetic latex rubber market in Thailand.
171
This report provides an in-depth analysis of the global market for synthetic rubber (excluding latex).
2091
This report provides an in-depth analysis of the global synthetic rubber market.
211
This report provides an in-depth analysis of the global market for isoprene rubber (ir) in primary form.
734
This report provides an in-depth analysis of the global synthetic latex rubber market.
182
This report provides an in-depth analysis of the market for synthetic rubber (excluding latex) in Thailand.
762
This report provides an in-depth analysis of the synthetic rubber market in Thailand.
58
Synthetic Rubber exports peaked in 2023 and are projected to continue growing. However, in terms of value, the exports decreased to $2.6B in 2023.
128
The growth pace of Synthetic Rubber was the most rapid in November 2023 with a 24% increase compared to the previous month. In value terms, synthetic rubber exports saw a dramatic drop to $184M in January 2024.
237
In January 2023, the growth rate of Synthetic Latex Rubber imports reached its peak with a rapid increase of 37% compared to the previous month. However, in July 2023, the value of these imports drastically declined to $11M.
199
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.
1389
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>
1333
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>
307
Discover the top import markets for synthetic latex rubber and their key statistics. Malaysia, China, and Thailand lead the way, according to IndexBox data.
58
Synthetic Rubber exports peaked in 2023 and are projected to continue growing. However, in terms of value, the exports decreased to $2.6B in 2023.
128
The growth pace of Synthetic Rubber was the most rapid in November 2023 with a 24% increase compared to the previous month. In value terms, synthetic rubber exports saw a dramatic drop to $184M in January 2024.
237
In January 2023, the growth rate of Synthetic Latex Rubber imports reached its peak with a rapid increase of 37% compared to the previous month. However, in July 2023, the value of these imports drastically declined to $11M.
