Asia-Pacific: Market for Isoprene Rubber (IR) in Primary Forms 2024

Market Size for Isoprene Rubber (IR) in Primary Forms in Asia-Pacific

In 2022, the Asia-Pacific market for isoprene rubber (IR) in primary forms increased by X% to $X, rising for the third consecutive year after two years of decline. Over the period under review, consumption recorded a pronounced curtailment. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Production of Isoprene Rubber (IR) in Primary Forms in Asia-Pacific

In value terms, production of isoprene rubber (IR) in primary forms totaled $X in 2022 estimated in export price. In general, production recorded a mild slump. The most prominent rate of growth was recorded in 2014 with an increase of X%. Over the period under review, production of attained the maximum level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Exports of Isoprene Rubber (IR) in Primary Forms

Exports in Asia-Pacific

In 2022, exports of isoprene rubber (IR) in primary forms in Asia-Pacific shrank to X tons, declining by X% against 2021. The total export volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2014 when exports increased by X% against the previous year. Over the period under review, the exports of reached the maximum at X tons in 2021, and then declined in the following year.

In value terms, exports of isoprene rubber (IR) in primary forms dropped to $X in 2022. Total exports indicated a moderate increase 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, exports increased by X% against 2016 indices. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. As a result, the exports reached the peak of $X, and then declined in the following year.

Exports by Country

In 2022, Japan (X tons) was the largest exporter of isoprene rubber (IR) in primary forms, generating X% of total exports. China (X tons) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Taiwan (Chinese) (X%). Malaysia (X tons), Thailand (X tons) and India (X tons) took a relatively small share of total exports.

From 2012 to 2022, average annual rates of growth with regard to isoprene rubber (IR) in primary form exports from Japan stood at X%. At the same time, Thailand (X%), China (X%), India (X%) and Taiwan (Chinese) (X%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of X% from 2012-2022. By contrast, Malaysia (X%) illustrated a downward trend over the same period. China (X p.p.), Thailand (X p.p.) and India (X p.p.) significantly strengthened its position in terms of the total exports, while Taiwan (Chinese), Malaysia and Japan saw its share reduced by X%, X% and X% from 2012 to 2022, respectively.

In value terms, Japan ($X) remains the largest isoprene rubber (IR) in primary form supplier in Asia-Pacific, comprising X% of total exports. The second position in the ranking was held by China ($X), with a X% share of total exports. It was followed by Taiwan (Chinese), with a X% share.

From 2012 to 2022, the average annual growth rate of value in Japan stood at X%. The remaining exporting countries recorded the following average annual rates of exports growth: China (X% per year) and Taiwan (Chinese) (X% per year).

Export Prices by Country

The export price in Asia-Pacific stood at $X per ton in 2022, picking up by X% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the export price increased by X% against the previous year. Over the period under review, the export prices attained the maximum at $X per ton in 2012; afterwards, it flattened through to 2022.

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

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

Imports of Isoprene Rubber (IR) in Primary Forms

Imports in Asia-Pacific

In 2022, the amount of isoprene rubber (IR) in primary forms imported in Asia-Pacific dropped to X tons, with a decrease of X% against the year before. Over the period under review, imports saw a pronounced descent. The most prominent rate of growth was recorded in 2020 when imports increased by X% against the previous year. The volume of import peaked at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, imports of isoprene rubber (IR) in primary forms expanded markedly to $X in 2022. In general, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 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

In 2022, China (X tons), distantly followed by Malaysia (X tons), Thailand (X tons), Sri Lanka (X tons), Vietnam (X tons), Japan (X tons) and India (X tons) were the major importers of isoprene rubber (IR) in primary forms, together comprising X% of total imports.

From 2012 to 2022, the biggest increases were recorded for India (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Thailand ($X) and Malaysia ($X) appeared to be the countries with the highest levels of imports in 2022, together accounting for X% of total imports. Vietnam, Sri Lanka, Japan and India lagged somewhat behind, together comprising a further X%.

Among the main importing countries, Sri Lanka, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Asia-Pacific amounted to $X per ton, with an increase of X% against the previous year. Import price indicated a noticeable increase from 2012 to 2022: its price 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, import price for isoprene rubber (IR) in primary forms increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2021 an increase of X%. The level of import peaked in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Thailand ($X per ton), while China ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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