Brunei Darussalam: Overview of the Market for Natural Rubber And Gums 2019

Market Size for Natural Rubber And Gums in Brunei Darussalam

The revenue of the natural rubber and gum market in Brunei Darussalam amounted to $X in 2018, growing by X% against the previous year. In general, natural rubber and gum consumption continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008 with an increase of X% against the previous year. Over the period under review, the natural rubber and gum market reached its maximum level at $X in 2013; however, from 2014 to 2018, consumption failed to regain its momentum.

Production of Natural Rubber And Gums in Brunei Darussalam

In value terms, natural rubber and gum production amounted to $X in 2018 estimated in export prices. Overall, natural rubber and gum production continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2008 with an increase of X% against the previous year. Over the period under review, natural rubber and gum production attained its peak figure level at $X in 2013; however, from 2014 to 2018, production failed to regain its momentum.

In 2018, the average natural rubber and gum yield in Brunei Darussalam amounted to X kg per ha, stabilizing at the previous year. Over the period under review, the natural rubber and gum yield continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2011 when yield increased by X% y-o-y. Over the period under review, the natural rubber and gum yield reached its peak figure level in 2018 and is expected to retain its growth in the near future. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

Natural rubber and gum harvested area in Brunei Darussalam totaled X ha in 2018, rising by X% against the previous year. Overall, the natural rubber and gum harvested area continues to indicate a modest expansion. The most prominent rate of growth was recorded in 2018 when harvested area increased by X% y-o-y. In that year, the natural rubber and gum harvested area attained its peak level and is likely to continue its growth in the immediate term.

Exports of Natural Rubber And Gums

Exports from Brunei Darussalam

In 2018, the exports of natural rubber and gums from Brunei Darussalam amounted to X kg, surging by X% against the previous year. Overall, natural rubber and gum exports continue to indicate an extraordinary expansion. The most prominent rate of growth was recorded in 2014 with an increase of X% year-to-year. Brunei Darussalam exports peaked in 2018 and are expected to retain its growth in the immediate term.

In value terms, natural rubber and gum exports stood at $X in 2018. Overall, natural rubber and gum exports continue to indicate skyrocketing growth. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. Brunei Darussalam exports peaked in 2018 and are likely to see steady growth in the near future.

Exports by Country

Thailand prevails in natural rubber and gum exports structure, resulting at X tonnes, which was near X% of total exports in 2018. Viet Nam (X tonnes) ranks second in terms of the total exports with a X% share, followed by Malaysia (X%). Guatemala (X tonnes), the Netherlands (X tonnes) and Belgium (X tonnes) took a minor share of total exports.

Thailand experienced a relatively flat trend pattern of natural rubber and gums exports. At the same time, the Netherlands (+X%) and Guatemala (+X%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest-growing exporter in the world, with a CAGR of +X% from 2007-2018. Malaysia and Viet Nam experienced a relatively flat trend pattern. By contrast, Belgium (-X%) illustrated a downward trend over the same period. From 2007 to 2018, the share of the Netherlands increased by +X% percentage points, while Belgium (-X p.p.) and Thailand (-X p.p.) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Thailand ($X) remains the largest natural rubber and gum supplier from Brunei Darussalam, comprising X% of global exports. The second position in the ranking was occupied by Viet Nam ($X), with a X% share of global exports. It was followed by Malaysia, with a X% share.

From 2007 to 2018, the average annual growth rate of value in Thailand stood at +X%. In the other countries, the average annual rates were as follows: Viet Nam (-X% per year) and Malaysia (-X% per year).

Export Prices by Country

The natural rubber and gum export price in Brunei Darussalam stood at $X per tonne in 2018, stabilizing at the previous year. Overall, the natural rubber and gum export price continues to indicate a moderate deduction. Brunei Darussalam export price peaked at $X per tonne in 2007; however, from 2008 to 2018, export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2018, the country with the highest price was Thailand ($X per tonne), while Belgium ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Thailand, while the other leaders experienced mixed trends in the export price figures.

Imports of Natural Rubber And Gums

Imports into Brunei Darussalam

In 2018, the amount of natural rubber and gums imported into Brunei Darussalam amounted to X tonnes, picking up by X% against the previous year. In general, natural rubber and gum imports, however, continue to indicate a perceptible decline. The pace of growth was the most pronounced in 2017 when imports increased by X% against the previous year. Over the period under review, natural rubber and gum imports attained their peak figure at X tonnes in 2007; however, from 2008 to 2018, imports remained at a lower figure.

In value terms, natural rubber and gum imports amounted to $X in 2018. Over the period under review, natural rubber and gum imports, however, continue to indicate a moderate decline. The most prominent rate of growth was recorded in 2017 when imports increased by X% y-o-y. In that year, natural rubber and gum imports reached their peak of $X, and then declined slightly in the following year.

Imports by Country

Malaysia (X tonnes) and China (X tonnes) dominates natural rubber and gum imports structure, together constituting X% of total imports. The following importers - the U.S. (X tonnes), South Korea (X tonnes), Brazil (X tonnes), Belgium (X tonnes), Mexico (X tonnes) and Indonesia (X tonnes) - together made up X% of total imports.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Indonesia, while the other leaders experienced more modest paces of growth.

In value terms, China ($X), Malaysia ($X) and the U.S. ($X) were the countries with the highest levels of imports in 2018, with a combined X% share of total imports. These countries were followed by South Korea, Belgium, Brazil, Mexico, Indonesia and Brunei Darussalam, which together accounted for a further X terms of the main importing countries, Indonesia experienced the highest growth rate of imports, over the last eleven years, while the other leaders experienced more modest paces of growth.

Import Prices by Country

The natural rubber and gum import price in Brunei Darussalam stood at $X per tonne in 2018, dropping by -X% against the previous year. Over the period under review, the natural rubber and gum import price, however, continues to indicate modest growth. The most prominent rate of growth was recorded in 2011 when the import price increased by X% year-to-year. In that year, the import prices for natural rubber and gums reached their peak level of $X per tonne. From 2012 to 2018, the growth in terms of the import prices for natural rubber and gums failed to regain its momentum.

There were significant differences in the average prices amongst the major importing countries. In 2018, the country with the highest price was Belgium ($X per tonne), while Malaysia ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by South Korea, while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox AI Platform