ASEAN: Market for Natural Rubber And Gums 2024

Market Size for Natural Rubber And Gums in ASEAN

The ASEAN natural rubber and gum market reached $X in 2022, approximately equating the previous year. Over the period under review, consumption, however, showed a mild setback. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Production of Natural Rubber And Gums in ASEAN

In value terms, natural rubber and gum production rose slightly to $X in 2022 estimated in export price. Overall, production, however, saw a slight decrease. The growth pace was the most rapid in 2019 with an increase of X%. The level of production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

The countries with the highest volumes of production in 2022 were Thailand (X tons), Indonesia (X tons) and Vietnam (X tons), with a combined X% share of total production. The Philippines, Cambodia, Malaysia and Myanmar lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of production, amongst the main producing countries, was attained by Cambodia (with a CAGR of X%), while production for the other leaders experienced more modest paces of growth.

In 2022, the average natural rubber and gum yield in ASEAN reduced to X tons per ha, standing approx. at the previous year's figure. In general, the yield continues to indicate a slight decrease. The most prominent rate of growth was recorded in 2017 when the yield increased by X%. The level of yield peaked at X tons per ha in 2012; however, from 2013 to 2022, the yield failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the total area harvested in terms of natural rubber and gums production in ASEAN reached X ha, standing approx. at the previous year's figure. The harvested area increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when the harvested area increased by X%. The level of harvested area peaked in 2022 and is expected to retain growth in years to come.

Exports of Natural Rubber And Gums

Exports in ASEAN

After two years of growth, shipments abroad of natural rubber and gums decreased by X% to X tons in 2022. The total export volume increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2018 with an increase of X%. As a result, the exports reached the peak of X tons. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, natural rubber and gum exports reduced to $X in 2022. Overall, exports continue to indicate a perceptible slump. 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 reached the maximum at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Thailand represented the major exporting country with an export of about X tons, which resulted at X% of total exports. It was distantly followed by Vietnam (X tons), constituting a X% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to natural rubber and gum exports from Thailand stood at X%. At the same time, Vietnam (X%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in ASEAN, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of Vietnam increased by X percentage points.

In value terms, Thailand ($X) remains the largest natural rubber and gum supplier in ASEAN, comprising X% of total exports. The second position in the ranking was held by Vietnam ($X), with an X% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Thailand amounted to X%.

Export Prices by Country

The export price in ASEAN stood at $X per ton in 2022, declining by X% against the previous year. Over the period under review, the export price showed a abrupt descent. The growth pace was the most rapid in 2017 an increase of X%. Over the period under review, the export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Thailand ($X per ton), while Vietnam totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (X%).

Imports of Natural Rubber And Gums

Imports in ASEAN

In 2022, the amount of natural rubber and gums imported in ASEAN contracted notably to X tons, reducing by X% on 2021 figures. Overall, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when imports increased by X%. As a result, imports attained the peak of X tons. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, natural rubber and gum imports contracted sharply to $X in 2022. Over the period under review, imports continue to indicate a abrupt decline. The growth pace was the most rapid in 2017 when imports increased by X% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Malaysia prevails in imports structure, reaching X tons, which was near X% of total imports in 2022. Indonesia (X tons) took the second position in the ranking, followed by Vietnam (X tons). All these countries together took approx. X% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to natural rubber and gum imports into Malaysia stood at X%. At the same time, Vietnam (X%) and Indonesia (X%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing importer imported in ASEAN, with a CAGR of X% from 2012-2022. Vietnam (X p.p.) significantly strengthened its position in terms of the total imports, while Malaysia saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Malaysia ($X) constitutes the largest market for imported natural rubber and gums in ASEAN, comprising X% of total imports. The second position in the ranking was held by Indonesia ($X), with a X% share of total imports.

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

Import Prices by Country

In 2022, the import price in ASEAN amounted to $X per ton, waning by X% against the previous year. Overall, the import price showed a perceptible shrinkage. The pace of growth appeared the most rapid in 2017 when the import price increased by X%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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 Malaysia ($X per ton), while Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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