Singapore: Market for Natural Rubber And Gums 2024

Market Size for Natural Rubber And Gums in Singapore

The Singaporean natural rubber and gum market dropped markedly to $X in 2022, which is down by X% against the previous year. Overall, consumption showed a significant decline. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Production of Natural Rubber And Gums in Singapore

In value terms, natural rubber and gum production amounted to $X in 2022 estimated in export price. In general, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the production volume decreased by X%. Natural rubber and gum production peaked in 2022 and is expected to retain growth in the near future.

In 2022, the average yield of natural rubber and gums in Singapore was estimated at less than X kg per ha, approximately reflecting 2021 figures. In general, the yield continues to indicate a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, approx. less than X ha of natural rubber and gums were harvested in Singapore; flattening at the previous year. Overall, the harvested area continues to indicate a relatively flat trend pattern.

Exports of Natural Rubber And Gums

Exports from Singapore

In 2022, the amount of natural rubber and gums exported from Singapore contracted markedly to X tons, which is down by X% compared with the previous year's figure. In general, exports, however, recorded a remarkable increase. The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2021, and then fell remarkably in the following year.

In value terms, natural rubber and gum exports dropped notably to $X in 2022. Overall, exports continue to indicate a sharp decrease. The pace of growth appeared the most rapid in 2016 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at $X in 2021, and then dropped dramatically in the following year.

Exports by Country

Indonesia (X tons), Germany (X tons) and South Africa (X tons) were the main destinations of natural rubber and gum exports from Singapore, together comprising X% of total exports. China, Japan and the United States lagged somewhat behind, together comprising a further X%.

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

In value terms, Indonesia ($X) emerged as the key foreign market for natural rubber and gums exports from Singapore, comprising X% of total exports. The second position in the ranking was taken by Germany ($X), with a X% share of total exports. It was followed by South Africa, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Indonesia amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (X% per year) and South Africa (X% per year).

Export Prices by Country

In 2022, the average natural rubber and gum export price amounted to $X per ton, with an increase of X% against the previous year. Over the period under review, the export price, however, faced a precipitous curtailment. The most prominent rate of growth was recorded in 2017 when the average export price increased by X%. Over the period under review, the average 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 destination: amid the top suppliers, the country with the highest price was Japan ($X per ton), while the average price for exports to China ($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 States (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Natural Rubber And Gums

Imports into Singapore

In 2022, natural rubber and gum imports into Singapore dropped dramatically to X tons, waning by X% on 2021 figures. Overall, imports recorded a significant curtailment. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons, and then fell remarkably in the following year.

In value terms, natural rubber and gum imports contracted dramatically to $X in 2022. In general, imports continue to indicate a abrupt descent. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, imports reached the peak of $X, and then declined remarkably in the following year.

Imports by Country

Malaysia (X tons), China (X tons) and Denmark (X tons) were the main suppliers of natural rubber and gum imports to Singapore, together accounting for X% of total imports.

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

In value terms, the largest natural rubber and gum suppliers to Singapore were China ($X), Malaysia ($X) and Denmark ($X), with a combined X% share of total imports.

Denmark, with a CAGR of X%, recorded 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 mixed trend patterns.

Import Prices by Country

The average natural rubber and gum import price stood at $X per ton in 2022, jumping by X% against the previous year. Over the period under review, the import price recorded a prominent expansion. The most prominent rate of growth was recorded in 2020 when the average import price increased by X%. Over the period under review, average import prices hit record highs at $X per ton in 2017; however, from 2018 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 ($X per ton), while the price for Thailand ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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