Asia: Vulcanised Rubber Thread Market 2024

Vulcanised Rubber Thread Market Size in Asia

The Asian vulcanised rubber thread market dropped to $X in 2022, with a decrease of X% against the previous year. The total consumption indicated a perceptible expansion 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, consumption increased by X% against 2020 indices. The level of consumption peaked at $X in 2021, and then dropped in the following year.

Vulcanised Rubber Thread Production in Asia

In value terms, vulcanised rubber thread production reached $X in 2022 estimated in export price. Overall, production saw a mild contraction. The pace of growth was the most pronounced in 2017 with an increase of X%. The level of production peaked at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

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Vulcanised Rubber Thread Exports

Exports in Asia

After four years of growth, overseas shipments of vulcanised rubber thread and cord decreased by X% to X tons in 2022. The total export volume increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, the exports reached the peak of X tons, and then declined in the following year.

In value terms, vulcanised rubber thread exports shrank to $X in 2022. In general, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by X%. As a result, the exports attained the peak of $X, and then fell in the following year.

Exports by Country

Thailand represented the largest exporting country with an export of around X tons, which reached X% of total exports. Malaysia (X tons) held the second position in the ranking, distantly followed by China (X tons). All these countries together held near X% share of total exports. India (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to vulcanised rubber thread exports from Thailand stood at X%. At the same time, India (X%) and China (X%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing exporter exported in Asia, with a CAGR of X% from 2012-2022. By contrast, Malaysia (X%) illustrated a downward trend over the same period. Thailand (X p.p.), India (X p.p.) and China (X p.p.) significantly strengthened its position in terms of the total exports, while Malaysia saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, Thailand ($X) remains the largest vulcanised rubber thread supplier in Asia, comprising X% of total exports. The second position in the ranking was taken by Malaysia ($X), with a X% share of total exports. It was followed by China, with a X% share.

In Thailand, vulcanised rubber thread exports remained relatively stable over the period from 2012-2022. In the other countries, the average annual rates were as follows: Malaysia (X% per year) and China (X% per year).

Export Prices by Country

The export price in Asia stood at $X per ton in 2022, flattening at the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of X%. Over the period under review, the export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, 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 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 export price figures.

Vulcanised Rubber Thread Imports

Imports in Asia

In 2022, vulcanised rubber thread imports in Asia shrank dramatically to X tons, with a decrease of X% against 2021 figures. Total imports indicated a noticeable increase from 2012 to 2022: its volume 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, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2021, and then dropped rapidly in the following year.

In value terms, vulcanised rubber thread imports fell dramatically to $X in 2022. Total imports indicated a measured expansion 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, imports increased by X% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by X%. As a result, imports attained the peak of $X, and then dropped notably in the following year.

Imports by Country

China was the major importing country with an import of about X tons, which resulted at X% of total imports. Bangladesh (X tons) ranks second in terms of the total imports with a X% share, followed by Indonesia (X%). Turkey (X tons), Vietnam (X tons), South Korea (X tons) and Iran (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to vulcanised rubber thread imports into China stood at X%. At the same time, Bangladesh (X%), Vietnam (X%), Turkey (X%) and Indonesia (X%) displayed positive paces of growth. Moreover, Bangladesh emerged as the fastest-growing importer imported in Asia, with a CAGR of X% from 2012-2022. Iran experienced a relatively flat trend pattern. By contrast, South Korea (X%) illustrated a downward trend over the same period. China (X p.p.) and Bangladesh (X p.p.) significantly strengthened its position in terms of the total imports, while South Korea saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported vulcanised rubber thread and cord in Asia, comprising X% of total imports. The second position in the ranking was held by Bangladesh ($X), with an X% share of total imports. It was followed by Indonesia, with a X% share.

In China, vulcanised rubber thread imports expanded at 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: Bangladesh (X% per year) and Indonesia (X% per year).

Import Prices by Country

In 2022, the import price in Asia amounted to $X per ton, remaining relatively unchanged against the previous year. In general, the import price saw a slight decline. The pace of growth appeared the most rapid in 2021 when the import price increased by X% against the previous year. Over the period under review, import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Vietnam ($X per ton) and Turkey ($X per ton), while Bangladesh ($X per ton) and China ($X per ton) were amongst the lowest.

From 2012 to 2022, 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

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