China: Vulcanised Rubber Erases Market 2024

Vulcanised Rubber Erases Market Size in China

In 2022, the Chinese vulcanised rubber erases market decreased by X% to $X for the first time since 2019, thus ending a two-year rising trend. Overall, consumption, however, saw strong growth. Vulcanised rubber erases consumption peaked at $X in 2016; however, from 2017 to 2022, consumption remained at a lower figure.

Vulcanised Rubber Erases Production in China

In value terms, vulcanised rubber erases production reached $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2017 to 2022, production growth failed to regain momentum.

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Vulcanised Rubber Erases Exports

Exports from China

In 2022, after four years of decline, there was significant growth in overseas shipments of erasers of vulcanised rubber, when their volume increased by X% to X tons. Overall, exports, however, continue to indicate a mild slump. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, vulcanised rubber erases exports skyrocketed to $X in 2022. The total export value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States (X tons) was the main destination for vulcanised rubber erases exports from China, accounting for a X% share of total exports. Moreover, vulcanised rubber erases exports to the United States exceeded the volume sent to the second major destination, Mexico (X tons), threefold. India (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to the United States stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (X% per year) and India (X% per year).

In value terms, the United States ($X) remains the key foreign market for erasers of vulcanised rubber exports from China, comprising X% of total exports. The second position in the ranking was taken by India ($X), with a X% share of total exports. It was followed by Mexico, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: India (X% per year) and Mexico (X% per year).

Export Prices by Country

The average vulcanised rubber erases export price stood at $X per ton in 2022, growing by X% against the previous year. Overall, export price indicated resilient growth from 2012 to 2022: its price 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, vulcanised rubber erases export price increased by X% against 2018 indices. The most prominent rate of growth was recorded in 2016 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2017 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to Pakistan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (X%), while the prices for the other major destinations experienced more modest paces of growth.

Vulcanised Rubber Erases Imports

Imports into China

In 2022, vulcanised rubber erases imports into China shrank rapidly to X tons, which is down by X% on the previous year. Over the period under review, total imports indicated a strong 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 decreased by X% against 2019 indices. The pace of growth was the most pronounced in 2013 with an increase of X%. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, vulcanised rubber erases imports contracted markedly to $X in 2022. In general, imports, however, posted a strong expansion. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

Malaysia (X tons), Japan (X tons) and Spain (X tons) were the main suppliers of vulcanised rubber erases imports to China, together accounting for X% of total imports. Germany, Taiwan (Chinese), France and Thailand lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Thailand (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Malaysia ($X), Japan ($X) and Spain ($X) were the largest vulcanised rubber erases suppliers to China, together comprising X% of total imports. Germany, Taiwan (Chinese), France and Thailand lagged somewhat behind, together comprising a further X%.

Thailand, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average vulcanised rubber erases import price amounted to $X per ton, approximately mirroring the previous year. In general, the import price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the average import price increased by X%. Over the period under review, average import prices attained the maximum at $X per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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