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

Report Update: Apr 1, 2024

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

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Synthetic Latex Rubber Price in Pakistan - 2023

Synthetic Latex Rubber Price in Pakistan (CIF) - 2023

In February 2023, the average synthetic latex rubber import price amounted to $595 per ton, waning by -13.1% against the previous month. Overall, the import price recorded a deep setback. The most prominent rate of growth was recorded in September 2022 an increase of 12% against the previous month. As a result, import price reached the peak level of $1,597 per ton. From October 2022 to February 2023, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In February 2023, the country with the highest price was Malaysia ($1,364 per ton), while the price for Iran ($494 per ton) was amongst the lowest.

From February 2022 to February 2023, the most notable rate of growth in terms of prices was attained by Iran (-1.1%), while the prices for the other major suppliers experienced a decline.

Synthetic Latex Rubber Price in Pakistan (FOB) - 2022

The average synthetic latex rubber export price stood at $1,859 per ton in 2022, with a decrease of -36.1% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2016 when the average export price increased by 12%. The export price peaked at $3,026 per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($5,323 per ton), while the average price for exports to the United Arab Emirates stood at $868 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+17.6%), while the prices for the other major destinations experienced mixed trend patterns.

Synthetic Latex Rubber Imports in Pakistan

In 2022, overseas purchases of synthetic latex rubber decreased by -3.8% to 24K tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports, however, recorded a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 81%. As a result, imports reached the peak of 25K tons, and then shrank slightly in the following year.

In value terms, synthetic latex rubber imports shrank to $30M in 2022. In general, imports, however, posted a significant increase. The pace of growth appeared the most rapid in 2021 when imports increased by 121%. As a result, imports attained the peak of $34M, and then reduced in the following year.

Import of Synthetic Latex Rubber in Pakistan (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Thailand	9.7	9.3	15.7	16.5	19.4%
Netherlands	1.7	2.0	4.0	3.7	29.6%
Taiwan (Chinese)	1.6	1.6	3.8	3.3	27.3%
Italy	0.3	0.2	2.1	1.9	85.0%
India	0.8	0.7	1.1	1.1	11.2%
Saudi Arabia	0.4	0.1	0.7	0.6	14.5%
South Korea	0.7	0.3	0.4	0.6	-5.0%
Indonesia	0.3	0.4	0.4	0.4	10.1%
Belgium	0.4	0.2	0.3	0.2	-20.6%
Others	1.1	0.5	5.5	1.5	10.9%
Total	16.9	15.4	34.0	29.7	20.7%

Top Suppliers of Synthetic Latex Rubber to Pakistan in 2022:

Thailand (10.7K tons)
Netherlands (4.5K tons)
Taiwan (Chinese) (3.6K tons)
Italy (1.2K tons)
India (0.8K tons)
Saudi Arabia (0.7K tons)
South Korea (0.6K tons)
Indonesia (0.5K tons)
Belgium (0.2K tons)

Synthetic Latex Rubber Exports in Pakistan

For the fourth year in a row, Pakistan recorded growth in shipments abroad of synthetic latex rubber, which increased by 54% to 87 tons in 2022. Overall, exports enjoyed significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 151% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are likely to see gradual growth in the near future.

In value terms, synthetic latex rubber exports dropped slightly to $161K in 2022. In general, exports enjoyed a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 141% against the previous year. As a result, the exports attained the peak of $164K, and then dropped slightly in the following year.

Export of Synthetic Latex Rubber in Pakistan (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Netherlands	N/A	N/A	N/A	103	0%
United Arab Emirates	1.9	2.9	15.4	58.6	213.6%
Sri Lanka	N/A	13.0	N/A	N/A	0%
Germany	N/A	43.1	N/A	N/A	0%
Oman	N/A	N/A	128	N/A	0%
Saudi Arabia	32.0	N/A	N/A	N/A	0%
Afghanistan	N/A	N/A	11.0	N/A	0%
Others	1.1	9.1	9.5	N/A	193.9%
Total	35.1	68.1	164	161	66.2%

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

United Arab Emirates (67.5 tons)
Netherlands (19.3 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the synthetic latex rubber market in Pakistan. 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:

Pakistan

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Pakistan
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