Asia-Pacific: Unvulcanised Rubber Market 2024

Unvulcanised Rubber Market Size in Asia-Pacific

The Asia-Pacific unvulcanised rubber market contracted slightly to $X in 2022, with a decrease of X% against the previous year. Overall, consumption saw a mild contraction. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Unvulcanised Rubber Production in Asia-Pacific

In value terms, unvulcanised rubber production contracted to $X in 2022 estimated in export price. Over the period under review, production saw a slight downturn. The pace of growth appeared the most rapid in 2018 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.

Unvulcanised Rubber Exports

Exports in Asia-Pacific

In 2022, after two years of growth, there was decline in overseas shipments of unvulcanised rubber, when their volume decreased by X% to X tons. Over the period under review, exports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when exports increased by X%. As a result, the exports attained the peak of X tons. From 2015 to 2022, the growth of the exports failed to regain momentum.

In value terms, unvulcanised rubber exports contracted modestly to $X in 2022. Overall, exports showed a pronounced shrinkage. The growth pace was the most rapid in 2021 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 main exporter of unvulcanised rubber in Asia-Pacific, with the volume of exports recording X tons, which was near X% of total exports in 2022. Malaysia (X tons) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Japan (X%), South Korea (X%), Indonesia (X%) and China (X%).

Exports from Thailand decreased at an average annual rate of X% from 2012 to 2022. At the same time, China (X%), Malaysia (X%), South Korea (X%) and Japan (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. By contrast, Indonesia (X%) illustrated a downward trend over the same period. While the share of Malaysia (X p.p.), China (X p.p.), South Korea (X p.p.) and Japan (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Thailand (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest unvulcanised rubber supplying countries in Asia-Pacific were Thailand ($X), Japan ($X) and South Korea ($X), with a combined X% share of total exports. Malaysia, Indonesia and China lagged somewhat behind, together accounting for a further X%.

China, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, among 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

In 2022, the export price in Asia-Pacific amounted to $X per ton, with an increase of X% against the previous year. Overall, the export price, however, saw a slight decline. The pace of growth appeared the most rapid in 2017 when the export price increased by X% against the previous year. 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.

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

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

Unvulcanised Rubber Imports

Imports in Asia-Pacific

In 2022, approx. X tons of unvulcanised rubber were imported in Asia-Pacific; standing approx. at the year before. Over the period under review, imports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. The volume of import peaked at X tons in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, unvulcanised rubber imports reached $X in 2022. In general, imports showed a noticeable contraction. The pace of growth was the most pronounced in 2021 with an increase of 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, India (X tons), distantly followed by China (X tons), Vietnam (X tons), Australia (X tons) and Thailand (X tons) were the largest importers of unvulcanised rubber, together generating X% of total imports. The following importers - Pakistan (X tons), Indonesia (X tons) and Japan (X tons) - together made up X% of total imports.

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

In value terms, the largest unvulcanised rubber importing markets in Asia-Pacific were China ($X), India ($X) and Vietnam ($X), with a combined X% share of total imports.

India, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries 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, approximately mirroring the previous year. Over the period under review, the import price, however, showed a perceptible curtailment. The pace of growth appeared the most rapid in 2016 when the import price increased by X%. Over the period under review, import prices reached the peak figure 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 China ($X per ton), while Pakistan ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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