Singapore: Overview of the Market for Natural Rubber And Gums 2021

Market Size for Natural Rubber And Gums in Singapore

The Singaporean natural rubber and gum market declined rapidly to $X in 2019, which is down by -X% against the previous year. Over the period under review, consumption saw a precipitous setback. The growth pace was the most rapid in 2017 when the market value increased by X% year-to-year. Over the period under review, the market reached the maximum level at $X in 2011; however, from 2012 to 2019, consumption failed to regain the momentum.

Production of Natural Rubber And Gums in Singapore

In value terms, natural rubber and gum production rose markedly to $X in 2019 estimated in export prices. Over the period under review, production showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2008 with an increase of X% year-to-year. Natural rubber and gum production peaked at $X in 2011; however, from 2012 to 2019, production remained at a lower figure.

The average yield of natural rubber and gums in Singapore amounted to X kg per ha in 2019, remaining stable against the previous year's figure. In general, the yield recorded 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 2019, approx. X ha of natural rubber and gums were harvested in Singapore; stabilizing at the previous year's figure. In general, the harvested area showed a relatively flat trend pattern.

Exports of Natural Rubber And Gums

Exports from Singapore

In 2019, the amount of natural rubber and gums exported from Singapore surged to X tonnes, with an increase of X% against the previous year. In general, exports enjoyed a significant increase. The growth pace was the most rapid in 2015 with an increase of X% y-o-y. Exports peaked in 2019 and are expected to retain growth in the near future.

In value terms, natural rubber and gum exports skyrocketed to $X in 2019. Over the period under review, exports enjoyed significant growth. The pace of growth appeared the most rapid in 2012 when exports increased by X% y-o-y. Over the period under review, exports reached the maximum in 2019 and are expected to retain growth in years to come.

Exports by Country

Romania (X tonnes), France (X tonnes) and Malaysia (X tonnes) were the main destinations of natural rubber and gum exports from Singapore, with a combined X% share of total exports. Japan lagged somewhat behind, accounting for a further X 2007 to 2019, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Japan (+X% per year), while exports for the other leaders experienced more modest paces of growth.

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

From 2007 to 2019, the average annual rate of growth in terms of value to Malaysia stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Romania (X% per year) and Japan (+X% per year).

Export Prices by Country

The average natural rubber and gum export price stood at $X per tonne in 2019, declining by -X% against the previous year. Overall, the export price continues to indicate a perceptible descent. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. Over the period under review, average export prices reached the peak figure at $X per tonne in 2012; however, from 2013 to 2019, export prices failed to regain the momentum.

There were significant differences in the average prices for the major external markets. In 2019, the country with the highest price was Malaysia ($X per tonne), while the average price for exports to Romania ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia, while the prices for the other major destinations experienced more modest paces of growth.

Imports of Natural Rubber And Gums

Imports into Singapore

In 2019, overseas purchases of natural rubber and gums decreased by -X% to X tonnes for the first time since 2013, thus ending a five-year rising trend. Overall, imports saw a abrupt setback. The pace of growth was the most pronounced in 2017 when imports increased by X% year-to-year. Imports peaked at X tonnes in 2007; however, from 2008 to 2019, imports remained at a lower figure.

In value terms, natural rubber and gum imports declined remarkably to $X in 2019. Over the period under review, imports showed a deep downturn. The pace of growth appeared the most rapid in 2017 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at $X in 2007; however, from 2008 to 2019, imports remained at a lower figure.

Imports by Country

In 2019, Thailand (X tonnes) constituted the largest natural rubber and gum supplier to Singapore, with a X% share of total imports. Moreover, natural rubber and gum imports from Thailand exceeded the figures recorded by the second-largest supplier, Ghana (X tonnes), twofold. Malaysia (X tonnes) ranked third in terms of total imports with a X% share.

From 2007 to 2019, 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: Ghana (-X% per year) and Malaysia (-X% per year).

In value terms, the largest natural rubber and gum suppliers to Singapore were Thailand ($X), the UK ($X) and Ghana ($X), together accounting for X% of total imports.

Among the main suppliers, the UK saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2019, the average natural rubber and gum import price amounted to $X per tonne, rising by X% against the previous year. Over the period under review, the import price, however, saw a mild shrinkage. The most prominent rate of growth was recorded in 2013 when the average import price increased by X% against the previous year. The import price peaked at $X per tonne in 2014; however, from 2015 to 2019, import prices failed to regain the momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2019, the country with the highest price was the UK ($X per tonne), while the price for Thailand ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Malaysia, while the prices for the other major suppliers experienced a decline.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for natural rubber and gums in the world?

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The countries with the highest volumes of natural rubber and gum consumption in 2019 were Thailand (4M tonnes), Indonesia (3.5M tonnes) and China (2.3M tonnes), together accounting for 61% of global consumption. These countries were followed by Malaysia, Viet Nam, India and Cote d'Ivoire, which together accounted for a further 25%.

What are the largest producers of natural rubber and gums in the world?

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The countries with the highest volumes of natural rubber and gum production in 2019 were Thailand (4.8M tonnes), Indonesia (3.4M tonnes) and China (1.7M tonnes), together accounting for 64% of global production. Viet Nam, India, Cote d'Ivoire, Malaysia, the Philippines, Guatemala and Myanmar lagged somewhat behind, together comprising a further 29%.

What are the leading suppliers of natural rubber and gums to Singapore?

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In value terms, the largest natural rubber and gum suppliers to Singapore were Thailand ($146K), the UK ($107K) and Ghana ($87K), together accounting for 75% of total imports.

What are the leading importers of natural rubber and gums from Singapore?

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In value terms, Malaysia ($3.6M) emerged as the key foreign market for natural rubber and gum exports from Singapore, comprising 53% of total exports. The second position in the ranking was occupied by Romania ($1.1M), with a 17% share of total exports. It was followed by Japan, with a 15% share.

What is the average export price for natural rubber and gums in Singapore?

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In 2019, the average natural rubber and gum export price amounted to $1,673 per tonne, dropping by -16.8% against the previous year.

What is the average import price for natural rubber and gums in Singapore?

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In 2019, the average natural rubber and gum import price amounted to $1,999 per tonne, increasing by 23% against the previous year.