ASEAN: Extruded Rod Market 2024

Extruded Rod Market Size in ASEAN

The ASEAN extruded rod market contracted modestly to $X in 2022, declining by X% against the previous year. Over the period under review, consumption recorded a pronounced decrease. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Extruded Rod Production in ASEAN

In value terms, extruded rod production shrank to $X in 2022 estimated in export price. Overall, production recorded a pronounced curtailment. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Extruded Rod Exports

Exports in ASEAN

In 2022, shipments abroad of extruded rods and profile shapes of cellular vulcanised rubber increased by X% to X tons, rising for the sixth year in a row after three years of decline. In general, exports enjoyed a prominent increase. The most prominent rate of growth was recorded in 2017 when exports increased by X% 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, extruded rod exports dropped slightly to $X in 2022. Overall, exports showed a buoyant expansion. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. The level of export peaked at $X in 2021, and then declined in the following year.

Exports by Country

The Philippines represented the major exporter of extruded rods and profile shapes of cellular vulcanised rubber in ASEAN, with the volume of exports reaching X tons, which was near X% of total exports in 2022. It was distantly followed by Malaysia (X tons), creating a X% share of total exports. The following exporters - Vietnam (X tons) and Thailand (X tons) - each finished at a X% share of total exports.

The Philippines was also the fastest-growing in terms of the extruded rods and profile shapes of cellular vulcanised rubber exports, with a CAGR of X% from 2012 to 2022. At the same time, Malaysia (X%) displayed positive paces of growth. By contrast, Vietnam (X%) and Thailand (X%) illustrated a downward trend over the same period. While the share of the Philippines (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Malaysia (X p.p.), Vietnam (X p.p.) and Thailand (X p.p.) displayed negative dynamics.

In value terms, the Philippines ($X) remains the largest extruded rod supplier in ASEAN, comprising X% of total exports. The second position in the ranking was taken by Malaysia ($X), with an X% share of total exports. It was followed by Vietnam, with an X% share.

In the Philippines, extruded rod exports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Malaysia (X% per year) and Vietnam (X% per year).

Export Prices by Country

The export price in ASEAN stood at $X per ton in 2022, with a decrease of X% against the previous year. Over the period under review, the export price showed a abrupt slump. The growth pace was the most rapid in 2015 when the export price increased by X% against the previous year. The level of export peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Vietnam ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (X%), while the other leaders experienced mixed trends in the export price figures.

Extruded Rod Imports

Imports in ASEAN

Extruded rod imports declined modestly to X tons in 2022, approximately mirroring the year before. In general, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, extruded rod imports surged to $X in 2022. Total imports indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2017 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2018 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Vietnam was the key importer of extruded rods and profile shapes of cellular vulcanised rubber in ASEAN, with the volume of imports reaching X tons, which was approx. X% of total imports in 2022. Thailand (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by the Philippines (X%) and Indonesia (X%). Malaysia (X tons), Singapore (X tons) and Cambodia (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to extruded rod imports into Vietnam stood at X%. At the same time, Cambodia (X%) and Malaysia (X%) displayed positive paces of growth. Moreover, Cambodia emerged as the fastest-growing importer imported in ASEAN, with a CAGR of X% from 2012-2022. Singapore and the Philippines experienced a relatively flat trend pattern. By contrast, Thailand (X%) and Indonesia (X%) illustrated a downward trend over the same period. Vietnam (X p.p.) significantly strengthened its position in terms of the total imports, while Thailand and Indonesia saw its share reduced by X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Vietnam ($X) constitutes the largest market for imported extruded rods and profile shapes of cellular vulcanised rubber in ASEAN, comprising X% of total imports. The second position in the ranking was taken by Thailand ($X), with an X% share of total imports. It was followed by Indonesia, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Vietnam totaled X%. The remaining importing countries recorded the following average annual rates of imports growth: Thailand (X% per year) and Indonesia (X% per year).

Import Prices by Country

The import price in ASEAN stood at $X per ton in 2022, rising by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The growth pace was the most rapid in 2018 an increase of X%. The level of import peaked in 2022 and is likely to continue growth in the near future.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Thailand ($X per ton), while the Philippines ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :