Asia-Pacific: Unvulcanized Rubber Market 2024

Unvulcanized Rubber Market Size in Asia-Pacific

For the third year in a row, the Asia-Pacific unvulcanized rubber market recorded growth in sales value, which increased by X% to $X in 2022. In general, consumption, however, showed a relatively flat trend pattern. The level of consumption peaked at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Unvulcanized Rubber Production in Asia-Pacific

In value terms, unvulcanized rubber production stood at $X in 2022 estimated in export price. In general, production continues to indicate a slight decline. The pace of growth appeared the most rapid in 2016 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

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Unvulcanized Rubber Exports

Exports in Asia-Pacific

In 2022, after two years of growth, there was decline in shipments abroad of unvulcanized rubber and articles thereof, when their volume decreased by X% to X tons. Overall, exports showed a abrupt descent. The pace of growth appeared the most rapid in 2021 with an increase of X%. The volume of export peaked at X tons in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, unvulcanized rubber exports totaled $X in 2022. In general, exports showed a abrupt downturn. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

China (X tons) and Thailand (X tons) were the major exporters of unvulcanized rubber and articles thereof in 2022, resulting at near X% and X% of total exports, respectively. It was distantly followed by Malaysia (X tons), India (X tons), Japan (X tons) and South Korea (X tons), together generating a X% share of total exports. Indonesia (X tons) took a minor share of total exports.

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

In value terms, the largest unvulcanized rubber supplying countries in Asia-Pacific were China ($X), Thailand ($X) and Japan ($X), with a combined X% share of total exports.

Among the main exporting countries, China, with a CAGR of X%, recorded the highest growth rate of the value of exports, 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, rising by X% against the previous year. Overall, the export price showed a mild increase. The most prominent rate of growth was recorded in 2016 when the export price increased by X%. Over the period under review, the export prices reached the maximum in 2022 and is likely to continue growth in years to come.

Prices varied noticeably by country of origin: 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 China (X%), while the other leaders experienced mixed trends in the export price figures.

Unvulcanized Rubber Imports

Imports in Asia-Pacific

In 2022, approx. X tons of unvulcanized rubber and articles thereof were imported in Asia-Pacific; dropping by X% against the previous year's figure. In general, imports continue to indicate a deep slump. The growth pace was the most rapid 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 stood at a somewhat lower figure.

In value terms, unvulcanized rubber imports contracted modestly to $X in 2022. Overall, imports continue to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X tons), India (X tons) and Vietnam (X tons) was the key importer of unvulcanized rubber and articles thereof in Asia-Pacific, generating X% of total import. Malaysia (X tons) ranks next in terms of the total imports with a X% share, followed by Australia (X%), South Korea (X%) and Thailand (X%). The following importers - Indonesia (X tons), Bangladesh (X tons), Japan (X tons), Sri Lanka (X tons), Taiwan (Chinese) (X tons) and Cambodia (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 main importing countries, was attained by Cambodia (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constitutes the largest market for imported unvulcanized rubber and articles thereof in Asia-Pacific, comprising X% of total imports. The second position in the ranking was held by Vietnam ($X), with a X% share of total imports. It was followed by India, with an X% share.

In China, unvulcanized rubber imports plunged by an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Vietnam (X% per year) and India (X% per year).

Import Prices by Country

In 2022, the import price in Asia-Pacific amounted to $X per ton, increasing by X% against the previous year. In general, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2016 when the import price increased by X% against the previous year. Over the period under review, import prices reached the peak figure in 2022 and is likely to see gradual growth in years to come.

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

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

Source: IndexBox Platform

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