Singapore: Overview of the Market for Natural Rubber And Gums 2019

Market Size for Natural Rubber And Gums in Singapore

The revenue of the natural rubber and gum market in Singapore amounted to $X in 2018, surging by X% against the previous year. In general, natural rubber and gum consumption continues to indicate remarkable growth. The most prominent rate of growth was recorded in 2017 with an increase of X% y-o-y. Over the period under review, the natural rubber and gum market reached its maximum level in 2018 and is expected to retain its growth in the near future.

Production of Natural Rubber And Gums in Singapore

In value terms, natural rubber and gum production stood at $X in 2018 estimated in export prices. Overall, natural rubber and gum production 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, natural rubber and gum production attained its maximum level at $X in 2012; however, from 2013 to 2018, production failed to regain its momentum.

In 2018, the average natural rubber and gum yield in Singapore stood at X kg per ha, remaining relatively unchanged against the previous year. In general, the natural rubber and gum 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 2018, the natural rubber and gum harvested area in Singapore amounted to X ha, remaining stable against the previous year. Overall, the natural rubber and gum harvested area continues to indicate a relatively flat trend pattern.

Exports of Natural Rubber And Gums

Exports from Singapore

Natural rubber and gum exports from Singapore totaled X tonnes in 2018, dropping by -X% against the previous year. In general, natural rubber and gum exports continue to indicate a sharp decrease. The most prominent rate of growth was recorded in 2008 when exports increased by X% year-to-year. In that year, natural rubber and gum exports reached their peak of X tonnes. From 2009 to 2018, the growth of natural rubber and gum exports remained at a somewhat lower figure.

In value terms, natural rubber and gum exports totaled $X in 2018. Over the period under review, natural rubber and gum exports continue to indicate a dramatic decrease. The pace of growth was the most pronounced in 2008 when exports increased by X% against the previous year. In that year, natural rubber and gum exports reached their peak of $X. From 2009 to 2018, the growth of natural rubber and gum exports remained at a lower figure.

Exports by Country

Iran (X tonnes) was the main destination for natural rubber and gum exports from Singapore, accounting for a X% share of total exports. Moreover, natural rubber and gum exports to Iran exceeded the volume sent to the second major destination, Hungary (X tonnes), more than tenfold. Costa Rica (X kg) ranked third in terms of total exports with a X% share.

From 2007 to 2018, the average annual growth rate of volume to Iran amounted to -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hungary (-X% per year) and Costa Rica (-X% per year).

In value terms, Iran ($X) remains the key foreign market for natural rubber and gum exports from Singapore, comprising X% of total natural rubber and gum exports. The second position in the ranking was occupied by Hungary ($X), with a X% share of total exports. It was followed by the UK, with a X% share.

From 2007 to 2018, the average annual growth rate of value to Iran totaled -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hungary (-X% per year) and the UK (-X% per year).

Export Prices by Country

In 2018, the average natural rubber and gum export price amounted to $X per tonne, falling by -X% against the previous year. Over the period under review, the natural rubber and gum export price continues to indicate a measured deduction. The pace of growth was the most pronounced in 2008 when the average export price increased by X% against the previous year. The export price peaked at $X per tonne in 2012; however, from 2013 to 2018, export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Iran ($X per tonne), while the average price for exports to Costa Rica ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to the UK, while the prices for the other major destinations experienced a decline.

Imports of Natural Rubber And Gums

Imports into Singapore

Natural rubber and gum imports into Singapore totaled X tonnes in 2018, reducing by -X% against the previous year. Over the period under review, natural rubber and gum imports, however, continue to indicate prominent growth. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. In that year, natural rubber and gum imports reached their peak of X tonnes, and then declined slightly in the following year.

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 measured decrease. The most prominent rate of growth was recorded in 2017 when imports increased by X% year-to-year. In that year, natural rubber and gum imports reached their peak of $X, and then declined slightly in the following year.

Imports by Country

Nigeria (X tonnes), Myanmar (X tonnes) and Ghana (X tonnes) were the main suppliers of natural rubber and gum imports to Singapore, with a combined X% share of total imports.

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

In value terms, Myanmar ($X) constituted the largest supplier of natural rubber and gum to Singapore, comprising X% of total natural rubber and gum imports. The second position in the ranking was occupied by Ghana ($X), with a X% share of total imports. It was followed by Nigeria, with a X% share.

From 2007 to 2018, the average annual growth rate of value from Myanmar was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Ghana (-X% per year) and Nigeria (+X% per year).

Import Prices by Country

In 2018, the average natural rubber and gum import price amounted to $X per tonne, waning by -X% against the previous year. Overall, the natural rubber and gum import price continues to indicate a deep deduction. The pace of growth appeared the most rapid in 2013 when the average import price increased by X% against the previous year. In that year, the average import prices for natural rubber and gums reached their peak level of $X per tonne. From 2014 to 2018, the growth in terms of the average import prices for natural rubber and gums remained at a lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Myanmar ($X per tonne), while the price for Nigeria ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Myanmar, while the prices for the other major suppliers experienced a decline.

Source: IndexBox AI Platform