Asia-Pacific: Market for Natural Rubber And Gums 2024

Market Size for Natural Rubber And Gums in Asia-Pacific

In 2022, the Asia-Pacific natural rubber and gum market was finally on the rise to reach $X after two years of decline. Over the period under review, consumption, however, recorded a perceptible setback. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Production of Natural Rubber And Gums in Asia-Pacific

In value terms, natural rubber and gum production reached $X in 2022 estimated in export price. Overall, production, however, continues to indicate a perceptible downturn. 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 failed to regain momentum.

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

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

The average natural rubber and gum yield totaled X tons per ha in 2022, approximately reflecting the year before. In general, the yield, however, showed a slight decline. The pace of growth was the most pronounced in 2017 when the yield increased by X% against the previous year. The level of yield peaked at X tons per ha in 2012; however, from 2013 to 2022, the yield stood at a somewhat lower figure. 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 Asia-Pacific totaled X ha, surging by X% compared with 2021 figures. The harvested area 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 in certain years. The most prominent rate of growth was recorded in 2014 with an increase of X%. Over the period under review, the harvested area dedicated to natural rubber and gum production attained the maximum in 2022 and is likely to continue growth in years to come.

Exports of Natural Rubber And Gums

Exports in Asia-Pacific

In 2022, after two years of growth, there was decline in shipments abroad of natural rubber and gums, when their volume decreased by X% to X tons. The total export volume increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, natural rubber and gum exports fell to $X in 2022. In general, exports continue to indicate a pronounced setback. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Thailand was the major exporter of natural rubber and gums in Asia-Pacific, with the volume of exports amounting to X tons, which was near X% of total exports in 2022. It was distantly followed by Vietnam (X tons), making up 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 Asia-Pacific, with a CAGR of X% from 2012-2022. Vietnam (X p.p.) significantly strengthened its position in terms of the total exports, while Thailand saw its share reduced by X% from 2012 to 2022, respectively.

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

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

Export Prices by Country

The export price in Asia-Pacific stood at $X per ton in 2022, declining by X% against the previous year. In general, the export price showed a deep contraction. The pace of growth was the most pronounced in 2017 when the export price increased by 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 failed to regain momentum.

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 amounted to $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 Asia-Pacific

Natural rubber and gum imports rose to X tons in 2022, increasing by X% compared with the year before. The total import volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 when imports increased by X%. The volume of import peaked in 2022 and is expected to retain growth in the near future.

In value terms, natural rubber and gum imports dropped slightly to $X in 2022. Overall, imports, however, saw a noticeable setback. The pace of growth appeared 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

China was the key importing country with an import of around X tons, which resulted at X% of total imports. It was distantly followed by Malaysia (X tons), creating a X% share of total imports. The following importers - Indonesia (X tons), South Korea (X tons), Sri Lanka (X tons) and Vietnam (X tons) - each reached a X% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to natural rubber and gum imports into China stood at X%. At the same time, Vietnam (X%), Sri Lanka (X%) and Indonesia (X%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing importer imported in Asia-Pacific, with a CAGR of X% from 2012-2022. By contrast, Malaysia (X%) and South Korea (X%) illustrated a downward trend over the same period. China (X p.p.) significantly strengthened its position in terms of the total imports, while South Korea and Malaysia 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, China ($X), Malaysia ($X) and Sri Lanka ($X) were the countries with the highest levels of imports in 2022, together accounting for X% of total imports. Indonesia, South Korea and Vietnam lagged somewhat behind, together comprising a further X%.

Among the main importing countries, Vietnam, with a CAGR of X%, saw the highest rates of growth with regard to 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, waning by X% against the previous year. In general, the import price recorded a abrupt contraction. The most prominent rate of growth was recorded in 2021 an increase of X%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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

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

Source: IndexBox Platform

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