Asia: Unvulcanized Rubber Market 2024

Unvulcanized Rubber Market Size in Asia

The Asian unvulcanized rubber market contracted to $X in 2022, stabilizing at the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market remained at a lower figure.

Unvulcanized Rubber Production in Asia

In value terms, unvulcanized rubber production contracted to $X in 2022 estimated in export price. The total production indicated a slight increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by X% against 2020 indices. The growth pace was the most rapid in 2018 when the production volume increased by X%. The level of production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Unvulcanized Rubber Exports

Exports in Asia

After two years of growth, overseas shipments of unvulcanized rubber and articles thereof decreased by X% to X tons in 2022. Overall, exports saw a deep contraction. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, unvulcanized rubber exports totaled $X in 2022. In general, exports recorded a abrupt descent. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum 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) represented the largest exporters of unvulcanized rubber and articles thereof in 2022, reaching approx. X% and X% of total exports, respectively. It was distantly followed by Malaysia (X tons), Turkey (X tons), India (X tons), Japan (X tons) and South Korea (X tons), together creating a X% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by India (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest unvulcanized rubber supplying countries in Asia were China ($X), Thailand ($X) and Japan ($X), together comprising X% of total exports.

In terms of the main exporting countries, China, 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

The export price in Asia stood at $X per ton in 2022, with an increase of X% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of X% against the previous year. The level of export peaked in 2022 and is likely to continue growth in the immediate term.

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 ($X per ton), while Turkey ($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

In 2022, unvulcanized rubber imports in Asia dropped slightly to X tons, declining by X% compared with the previous year's figure. In general, imports saw a abrupt setback. The most prominent rate of growth was recorded in 2021 with an increase of X%. The volume of import peaked at X tons in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, unvulcanized rubber imports reduced modestly to $X in 2022. Over the period under review, imports showed a deep setback. The most prominent rate of growth was recorded 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

The countries with the highest levels of unvulcanized rubber imports in 2022 were China (X tons), India (X tons), Vietnam (X tons) and Turkey (X tons), together finishing at X% of total import. It was distantly followed by Malaysia (X tons), achieving a X% share of total imports. The following importers - South Korea (X tons), Thailand (X tons), Indonesia (X tons), Bangladesh (X tons), Japan (X tons), the United Arab Emirates (X tons), Sri Lanka (X tons) and Taiwan (Chinese) (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 leading importing countries, was attained by India (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

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

In China, unvulcanized rubber imports plunged by an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Vietnam (X% per year) and India (X% per year).

Import Prices by Country

The import price in Asia stood at $X per ton in 2022, surging by X% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when the import price increased by X% against the previous year. The level of import peaked 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 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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