Malaysia: Vulcanised Rubber Erases Market 2024

Vulcanised Rubber Erases Market Size in Malaysia

The Malaysian vulcanised rubber erases market surged to $X in 2022, rising by X% against the previous year. Over the period under review, consumption saw a strong expansion. Over the period under review, the market reached the peak level in 2022 and is expected to retain growth in years to come.

Vulcanised Rubber Erases Production in Malaysia

In value terms, vulcanised rubber erases production expanded to $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 remained consistent, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2015 when the production volume increased by X%. Over the period under review, production attained the maximum level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Vulcanised Rubber Erases Exports

Exports from Malaysia

In 2022, overseas shipments of erasers of vulcanised rubber increased by X% to X tons, rising for the second consecutive year after two years of decline. Overall, exports, however, recorded a pronounced downturn. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, vulcanised rubber erases exports surged to $X in 2022. In general, exports, however, showed a abrupt downturn. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

China (X tons), Germany (X tons) and Australia (X tons) were the main destinations of vulcanised rubber erases exports from Malaysia, with a combined X% share of total exports. The United States, Russia, India, Singapore, Turkey, the Philippines, Indonesia, Thailand, the United Arab Emirates and Japan lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for India (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Germany ($X) and Australia ($X) constituted the largest markets for vulcanised rubber erases exported from Malaysia worldwide, together comprising X% of total exports. Singapore, the United States, Turkey, India, Russia, Thailand, the Philippines, Indonesia, the United Arab Emirates and Japan lagged somewhat behind, together accounting for a further X%.

Russia, with a CAGR of X%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average vulcanised rubber erases export price stood at $X per ton in 2022, picking up by X% against the previous year. Over the period under review, the export price, however, continues to indicate a perceptible decline. The most prominent rate of growth was recorded in 2015 when the average export price increased by X%. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($X per ton), while the average price for exports to the Philippines ($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 Germany (X%), while the prices for the other major destinations experienced more modest paces of growth.

Vulcanised Rubber Erases Imports

Imports into Malaysia

In 2022, approx. X tons of erasers of vulcanised rubber were imported into Malaysia; growing by X% against the previous year's figure. Over the period under review, imports saw prominent growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, vulcanised rubber erases imports soared to $X in 2022. Overall, imports posted a strong increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Thailand (X tons) constituted the largest supplier of vulcanised rubber erases to Malaysia, accounting for a X% share of total imports. Moreover, vulcanised rubber erases imports from Thailand exceeded the figures recorded by the second-largest supplier, China (X tons), twofold. Indonesia (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Thailand amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Indonesia (X% per year).

In value terms, Thailand ($X) constituted the largest supplier of erasers of vulcanised rubber to Malaysia, comprising X% of total imports. The second position in the ranking was taken by China ($X), with a X% share of total imports. It was followed by Indonesia, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Thailand stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Indonesia (X% per year).

Import Prices by Country

The average vulcanised rubber erases import price stood at $X per ton in 2022, growing by X% against the previous year. Overall, the import price saw a mild increase. The growth pace was the most rapid in 2020 an increase of X% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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