Asia-Pacific: Synthetic Latex Rubber Market 2024

Synthetic Latex Rubber Market Size in Asia-Pacific

After five years of growth, the Asia-Pacific synthetic latex rubber market decreased by X% to $X in 2022. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2021, and then declined in the following year.

Synthetic Latex Rubber Production in Asia-Pacific

In value terms, synthetic latex rubber production stood at $X in 2022 estimated in export price. The total output value 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 2018 when the production volume increased by X%. Over the period under review, production attained the peak level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Synthetic Latex Rubber Exports

Exports in Asia-Pacific

After ten years of growth, overseas shipments of synthetic latex rubber decreased by X% to X tons in 2022. Overall, exports, however, continue to indicate prominent growth. The growth pace was the most rapid in 2021 when exports increased by X%. As a result, the exports attained the peak of X tons, and then contracted rapidly in the following year.

In value terms, synthetic latex rubber exports reduced notably to $X in 2022. In general, exports, however, showed pronounced growth. The growth pace was the most rapid in 2021 when exports increased by X%. As a result, the exports reached the peak of $X, and then shrank sharply in the following year.

Exports by Country

South Korea represented the largest exporting country with an export of about X tons, which accounted for X% of total exports. It was distantly followed by Taiwan (Chinese) (X tons), Malaysia (X tons), Japan (X tons), China (X tons) and Thailand (X tons), together making up a X% share of total exports. Indonesia (X tons) followed a long way behind the leaders.

Exports from South Korea increased at an average annual rate of X% from 2012 to 2022. At the same time, China (X%), Thailand (X%), Indonesia (X%), Japan (X%) and Malaysia (X%) displayed positive paces of growth. Moreover, China emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of X% from 2012-2022. Taiwan (Chinese) experienced a relatively flat trend pattern. From 2012 to 2022, the share of South Korea, China and Thailand increased by X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest synthetic latex rubber supplying countries in Asia-Pacific were South Korea ($X), Japan ($X) and Taiwan (Chinese) ($X), together comprising X% of total exports. Malaysia, China, Thailand and Indonesia lagged somewhat behind, together comprising a further X%.

China, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Asia-Pacific stood at $X per ton in 2022, declining by X% against the previous year. Over the period under review, the export price continues to indicate a noticeable setback. The growth pace was the most rapid in 2021 when the export price increased by X%. Over the period under review, the export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Japan ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

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

Synthetic Latex Rubber Imports

Imports in Asia-Pacific

After ten years of growth, supplies from abroad of synthetic latex rubber decreased by X% to X tons in 2022. Over the period under review, imports, however, recorded a tangible increase. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons, and then dropped significantly in the following year.

In value terms, synthetic latex rubber imports shrank notably to $X in 2022. In general, imports, however, posted temperate growth. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. As a result, imports reached the peak of $X, and then declined sharply in the following year.

Imports by Country

Malaysia represented the key importing country with an import of about X tons, which finished at X% of total imports. China (X tons) ranks second in terms of the total imports with an X% share, followed by Thailand (X%) and Vietnam (X%). Indonesia (X tons), Sri Lanka (X tons) and Pakistan (X tons) took a minor share of total imports.

Imports into Malaysia increased at an average annual rate of X% from 2012 to 2022. At the same time, Vietnam (X%), Pakistan (X%), Sri Lanka (X%), China (X%), Thailand (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. From 2012 to 2022, the share of Vietnam and Malaysia increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

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

In terms of the main importing countries, Vietnam, with a CAGR of X%, saw 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, rising by X% against the previous year. Over the period under review, the import price, however, recorded a mild descent. The growth pace was the most rapid in 2021 an increase of X%. Over the period under review, import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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

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

Source: IndexBox Platform

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