$Malaysia - Synthetic Latex Rubber - Market Analysis, Forecast, Size, Trends And Insights$

Report Update: May 1, 2024

Malaysia - Synthetic Latex Rubber - Market Analysis, Forecast, Size, Trends And Insights

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Synthetic Latex Rubber Price in Malaysia - 2021

Synthetic Latex Rubber Price in Malaysia (CIF) - 2021

In December 2021, the average synthetic latex rubber import price amounted to $1,452 per ton, which is down by -9.5% against the previous month. Overall, the import price recorded a perceptible slump. The most prominent rate of growth was recorded in January 2021 when the average import price increased by 7.5% m-o-m. The import price peaked at $2,274 per ton in May 2021; however, from June 2021 to December 2021, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In December 2021, the countries with the highest prices were Japan ($1,769 per ton) and Taiwan (Chinese) ($1,616 per ton), while the price for South Korea ($1,337 per ton) and Thailand ($1,342 per ton) were amongst the lowest.

From December 2020 to December 2021, the most notable rate of growth in terms of prices was attained by South Korea (-2.0%), while the prices for the other major suppliers experienced a decline.

Synthetic Latex Rubber Price in Malaysia (FOB) - 2021

In December 2021, the average synthetic latex rubber export price amounted to $1,500 per ton, shrinking by -8.4% against the previous month. Overall, the export price showed a slight setback. The pace of growth was the most pronounced in January 2021 an increase of 9.4% against the previous month. Over the period under review, the average export prices hit record highs at $2,225 per ton in June 2021; however, from July 2021 to December 2021, the export prices remained at a lower figure.

Average prices varied somewhat for the major overseas markets. In December 2021, the highest price was recorded for prices to Sri Lanka ($1,743 per ton) and the United States ($1,595 per ton), while the average price for exports to Vietnam ($1,201 per ton) and China ($1,385 per ton) were amongst the lowest.

From December 2020 to December 2021, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (-0.6%), while the prices for the other major destinations experienced a decline.

Synthetic Latex Rubber Imports in Malaysia

In 2022, overseas purchases of synthetic latex rubber decreased by -10.1% to 1.1M tons for the first time since 2018, thus ending a three-year rising trend. In general, total imports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +9.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +32.2% against 2019 indices. The pace of growth appeared the most rapid in 2021 with an increase of 34% against the previous year. As a result, imports attained the peak of 1.2M tons, and then reduced in the following year.

In value terms, synthetic latex rubber imports amounted to $2B in 2022. Over the period under review, imports, however, enjoyed a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 103% against the previous year. Over the period under review, imports attained the maximum in 2022 and are likely to see gradual growth in years to come.

Import of Synthetic Latex Rubber in Malaysia (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
South Korea	484	533	1,071	1,079	30.6%
Taiwan (Chinese)	223	241	571	577	37.3%
Thailand	63.5	52.0	112	113	21.2%
China	12.2	56.0	72.9	96.7	99.4%
Japan	67.7	62.2	110	85.2	8.0%
Others	25.5	31.8	43.2	38.1	14.3%
Total	876	976	1,980	1,989	31.4%

Top Suppliers of Synthetic Latex Rubber to Malaysia in 2022:

South Korea (621.1K tons)
Taiwan (Chinese) (279.7K tons)
Thailand (60.3K tons)
China (46.3K tons)
Japan (38.9K tons)

Synthetic Latex Rubber Exports in Malaysia

After three years of growth, shipments abroad of synthetic latex rubber decreased by -89.2% to 15K tons in 2022. In general, exports faced a precipitous descent. The most prominent rate of growth was recorded in 2021 when exports increased by 62%. As a result, the exports attained the peak of 139K tons, and then fell dramatically in the following year.

In value terms, synthetic latex rubber exports shrank notably to $28M in 2022. Over the period under review, exports continue to indicate a dramatic decrease. The most prominent rate of growth was recorded in 2021 with an increase of 160%. As a result, the exports reached the peak of $278M, and then contracted notably in the following year.

Export of Synthetic Latex Rubber in Malaysia (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Thailand	44.8	51.6	153	15.5	-29.8%
China	18.7	18.2	64.4	6.5	-29.7%
Sri Lanka	12.8	14.8	20.4	2.0	-46.1%
Indonesia	10.3	8.4	13.8	1.4	-48.6%
Vietnam	2.6	6.5	9.7	1.0	-27.3%
Others	6.8	7.2	15.9	1.7	-37.0%
Total	96.0	107	278	28.1	-33.6%

Top Export Markets for Synthetic Latex Rubber from Malaysia in 2022:

Thailand (8.1K tons)
China (3.2K tons)
Indonesia (1.1K tons)
Sri Lanka (1.1K tons)
Vietnam (0.7K tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the synthetic latex rubber market 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 20171050 - Synthetic latex rubber

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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. 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
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. 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
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. 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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. 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
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. 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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023