China: Prepared Rubber Accelerators Market 2022

Prepared Rubber Accelerators Market Size in China

In 2021, the Chinese prepared rubber accelerators market decreased by -18.6% to $X, falling for the second year in a row after two years of growth. Overall, the total consumption indicated notable growth from 2012 to 2021: its value increased at an average annual rate of +4.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -24.0% against 2019 indices. Prepared rubber accelerators consumption peaked at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Prepared Rubber Accelerators Production in China

In value terms, prepared rubber accelerators production rose remarkably to $X in 2021 estimated in export price. Over the period under review, the total production indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +8.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -15.2% against 2018 indices. The pace of growth appeared the most rapid in 2014 with an increase of 34%. Over the period under review, production attained the maximum level at $X in 2018; however, from 2019 to 2021, production remained at a lower figure.

Prepared Rubber Accelerators Exports

Exports from China

In 2021, overseas shipments of prepared rubber accelerators increased by 20% to X tons for the first time since 2018, thus ending a two-year declining trend. In general, total exports indicated resilient growth from 2012 to 2021: its volume increased at an average annual rate of +11.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 with an increase of 62%. The exports peaked in 2021 and are likely to see steady growth in the near future.

In value terms, prepared rubber accelerators exports skyrocketed to $X in 2021. Overall, exports recorded a strong increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States (X tons), Thailand (X tons) and Vietnam (X tons) were the main destinations of prepared rubber accelerators exports from China, with a combined 33% share of total exports.

From 2012 to 2021, the biggest increases were in Thailand (with a CAGR of +20.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Thailand ($X) and India ($X) were the largest markets for prepared rubber accelerators exported from China worldwide, with a combined 33% share of total exports. These countries were followed by Vietnam, South Korea, Indonesia, Brazil, Japan, Taiwan (Chinese), Russia, Italy, Malaysia and Turkey, which together accounted for a further 42%.

Among the main countries of destination, Vietnam, with a CAGR of +23.0%, 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

In 2021, the average prepared rubber accelerators export price amounted to $X per ton, rising by 29% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.9%. The pace of growth was the most pronounced in 2016 when the average export price increased by 40% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2017 to 2021, the the average export prices failed to regain momentum.

Average prices varied somewhat for the major foreign markets. In 2021, the countries with the highest prices were Italy ($X per ton) and Taiwan (Chinese) ($X per ton), while the average price for exports to Malaysia ($X per ton) and Turkey ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (+6.6%), while the prices for the other major destinations experienced more modest paces of growth.

Prepared Rubber Accelerators Imports

Imports into China

In 2021, purchases abroad of prepared rubber accelerators increased by 3.9% to X tons for the first time since 2017, thus ending a three-year declining trend. The total import volume increased at an average annual rate of +3.9% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 when imports increased by 34%. As a result, imports reached the peak of X tons. From 2018 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, prepared rubber accelerators imports rose significantly to $X in 2021. Overall, imports saw a relatively flat trend pattern. The growth pace was the most rapid in 2016 when imports increased by 17%. Imports peaked at $X in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Taiwan (Chinese) (X tons), Japan (X tons) and Germany (X tons) were the main suppliers of prepared rubber accelerators imports to China, together comprising 64% of total imports. South Korea, Malaysia, the United States, Italy and Indonesia lagged somewhat behind, together comprising a further 28%.

From 2012 to 2021, the biggest increases were in Italy (with a CAGR of +17.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest prepared rubber accelerators suppliers to China were Japan ($X), South Korea ($X) and Taiwan (Chinese) ($X), with a combined 62% share of total imports. These countries were followed by Germany, the United States, Italy, Malaysia and Indonesia, which together accounted for a further 27%.

Italy, with a CAGR of +16.8%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average prepared rubber accelerators import price stood at $X per ton in 2021, surging by 4.8% against the previous year. In general, the import price, however, continues to indicate a pronounced slump. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was South Korea ($X per ton), while the price for Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+2.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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