Asia: Reclaimed Rubber Market 2024

Reclaimed Rubber Market Size in Asia

The Asian reclaimed rubber market expanded to $X in 2023, picking up by X% against the previous year. Overall, consumption, however, saw a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2014 to 2023, the growth of the market remained at a lower figure.

Reclaimed Rubber Production in Asia

In value terms, reclaimed rubber production rose slightly to $X in 2023 estimated in export price. Overall, production recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of X%. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2023, production remained at a lower figure.

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

Reclaimed Rubber Exports

Exports in Asia

In 2023, after two years of growth, there was decline in overseas shipments of reclaimed rubber, when their volume decreased by X% to X tons. Total exports indicated a prominent increase from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports increased by X% against 2020 indices. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2022, and then fell modestly in the following year.

In value terms, reclaimed rubber exports shrank remarkably to $X in 2023. Over the period under review, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when exports increased by X%. Over the period under review, the exports reached the maximum at $X in 2022, and then dropped significantly in the following year.

Exports by Country

In 2023, India (X tons), distantly followed by Thailand (X tons), China (X tons) and Malaysia (X tons) were the key exporters of reclaimed rubber, together committing X% of total exports. Indonesia (X tons) and Vietnam (X tons) followed a long way behind the leaders.

From 2012 to 2023, the biggest increases were recorded for Thailand (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest reclaimed rubber supplying countries in Asia were China ($X), India ($X) and Malaysia ($X), with a combined X% share of total exports. Thailand, Indonesia and Vietnam lagged somewhat behind, together comprising a further X%.

In terms of the main exporting countries, Thailand, with a CAGR of X%, recorded the highest rates of growth with regard to 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 2023, the export price in Asia amounted to $X per ton, waning by X% against the previous year. Overall, the export price showed a abrupt descent. The growth pace was the most rapid in 2013 an increase of X%. As a result, the export price attained the peak level of $X per ton. From 2014 to 2023, the export prices remained at a lower figure.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Vietnam (X%), while the other leaders experienced a decline in the export price figures.

Reclaimed Rubber Imports

Imports in Asia

In 2023, imports of reclaimed rubber in Asia reached X tons, with an increase of X% compared with 2022. Overall, imports enjoyed resilient growth. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, imports hit record highs in 2023 and are expected to retain growth in the near future.

In value terms, reclaimed rubber imports expanded rapidly to $X in 2023. Total imports indicated a pronounced expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2017 with an increase of X%. The level of import peaked in 2023 and is expected to retain growth in the near future.

Imports by Country

China prevails in imports structure, resulting at X tons, which was near X% of total imports in 2023. South Korea (X tons) took the second position in the ranking, followed by Sri Lanka (X tons), Thailand (X tons) and Indonesia (X tons). All these countries together held approx. X% share of total imports. The following importers - Vietnam (X tons) and the United Arab Emirates (X tons) - each resulted at a X% share of total imports.

China was also the fastest-growing in terms of the reclaimed rubber imports, with a CAGR of X% from 2012 to 2023. At the same time, the United Arab Emirates (X%), Thailand (X%), Sri Lanka (X%), South Korea (X%) and Indonesia (X%) displayed positive paces of growth. By contrast, Vietnam (X%) illustrated a downward trend over the same period. China (X p.p.) and the United Arab Emirates (X p.p.) significantly strengthened its position in terms of the total imports, while Indonesia and Vietnam saw its share reduced by X% and X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported reclaimed rubber in Asia, comprising X% of total imports. The second position in the ranking was held by South Korea ($X), with an X% share of total imports. It was followed by Thailand, with a X% share.

From 2012 to 2023, the average annual growth rate of value in China stood at X%. The remaining importing countries recorded the following average annual rates of imports growth: South Korea (X% per year) and Thailand (X% per year).

Import Prices by Country

In 2023, the import price in Asia amounted to $X per ton, falling by X% against the previous year. In general, the import price saw a pronounced reduction. The pace of growth was the most pronounced in 2019 an increase of X%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2023, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was South Korea ($X per ton), while the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Indonesia (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform