
Asia - Vulcanised Rubber Thread and Cord - Market Analysis, Forecast, Size, Trends and Insights
Asia: Vulcanised Rubber Thread Market 2023
Vulcanised Rubber Thread Market Size in Asia
The Asian vulcanised rubber thread market was finally on the rise to reach $X in 2021, after two years of decline. The total consumption indicated a moderate increase from 2012 to 2021: its value increased at an average annual rate of +2.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked in 2021 and is expected to retain growth in the near future.
Vulcanised Rubber Thread Production in Asia
In value terms, vulcanised rubber thread production rose slightly to $X in 2021 estimated in export price. In general, production, however, saw a slight reduction. The most prominent rate of growth was recorded in 2017 with an increase of 28%. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.
Vulcanised Rubber Thread Exports
Exports in Asia
For the third consecutive year, Asia recorded growth in shipments abroad of vulcanised rubber thread and cord, which increased by 16% to X tons in 2021. The total export volume increased at an average annual rate of +2.8% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, vulcanised rubber thread exports soared to $X in 2021. Total exports indicated a slight increase from 2012 to 2021: its value increased at an average annual rate of +1.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +41.4% against 2017 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
Exports by Country
Thailand represented the main exporting country with an export of around X tons, which recorded 58% of total exports. It was distantly followed by Malaysia (X tons) and China (X tons), together committing a 35% share of total exports. The following exporters - India (X tons) and Vietnam (X tons) - each accounted for a 3.7% share of total exports.
From 2012 to 2021, average annual rates of growth with regard to vulcanised rubber thread exports from Thailand stood at +4.8%. At the same time, Vietnam (+26.2%) and India (+24.1%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in Asia, with a CAGR of +26.2% from 2012-2021. China and Malaysia experienced a relatively flat trend pattern. While the share of Thailand (+9.3 p.p.) and India (+1.6 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of China (-1.7 p.p.) and Malaysia (-6.2 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.
In value terms, Thailand ($X) remains the largest vulcanised rubber thread supplier in Asia, comprising 55% of total exports. The second position in the ranking was held by Malaysia ($X), with a 25% share of total exports. It was followed by China, with a 13% share.
From 2012 to 2021, the average annual rate of growth in terms of value in Thailand totaled +2.6%. The remaining exporting countries recorded the following average annual rates of exports growth: Malaysia (-0.8% per year) and China (+4.3% per year).
Export Prices by Country
The export price in Asia stood at $X per ton in 2021, picking up by 24% against the previous year. In general, the export price, however, continues to indicate a mild contraction. Over the period under review, the export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.
There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was China ($X per ton), while Vietnam ($X per ton) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+3.4%), while the other leaders experienced a decline in the export price figures.
Vulcanised Rubber Thread Imports
Imports in Asia
In 2021, approx. X tons of vulcanised rubber thread and cord were imported in Asia; with an increase of 19% against the previous year's figure. The total import volume increased at an average annual rate of +4.4% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2015 when imports increased by 34%. The volume of import peaked in 2021 and is expected to retain growth in the near future.
In value terms, vulcanised rubber thread imports surged to $X in 2021. Total imports indicated a pronounced increase from 2012 to 2021: its value increased at an average annual rate of +3.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
Imports by Country
China dominates imports structure, accounting for X tons, which was approx. 67% of total imports in 2021. Bangladesh (X tons) ranks second in terms of the total imports with a 7.8% share, followed by Indonesia (5.2%). Vietnam (X tons), South Korea (X tons), Turkey (X tons) and Iran (X tons) followed a long way behind the leaders.
Imports into China increased at an average annual rate of +9.0% from 2012 to 2021. At the same time, Bangladesh (+14.3%), Indonesia (+4.0%), Iran (+3.7%) and Turkey (+2.7%) displayed positive paces of growth. Moreover, Bangladesh emerged as the fastest-growing importer imported in Asia, with a CAGR of +14.3% from 2012-2021. South Korea experienced a relatively flat trend pattern. By contrast, Vietnam (-12.8%) illustrated a downward trend over the same period. While the share of China (+22 p.p.) and Bangladesh (+4.4 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Vietnam (-13.8 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.
In value terms, China ($X) constitutes the largest market for imported vulcanised rubber thread and cord in Asia, comprising 66% of total imports. The second position in the ranking was taken by Bangladesh ($X), with a 7.7% share of total imports. It was followed by Indonesia, with a 5.6% share.
From 2012 to 2021, the average annual rate of growth in terms of value in China amounted to +7.5%. The remaining importing countries recorded the following average annual rates of imports growth: Bangladesh (+12.4% per year) and Indonesia (+5.3% per year).
Import Prices by Country
The import price in Asia stood at $X per ton in 2021, picking up by 30% against the previous year. Over the period under review, the import price, however, continues to indicate a mild reduction. Over the period under review, import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.
Average prices varied noticeably amongst the major importing countries. In 2021, major importing countries recorded the following prices: in Vietnam ($X per ton) and Turkey ($X per ton), while China ($X per ton) and Bangladesh ($X per ton) were amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Indonesia (+1.2%), while the other leaders experienced mixed trends in the import price figures.
Base Year | Historical Period | Forecast Period | Units |
---|---|---|---|
2022 | 2012-2022 | 2023-2030 | US$, Tons |
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the vulcanised rubber thread market in Asia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Importers on The Market and How They Succeed
The Largest Exporters on The Market and How They Succeed
The Largest Producers on The Market and Their Profiles
The Largest Markets And Their Profiles
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