South-Eastern Asia: Market for Extruded Solid Rubber Rods And Profiles 2024

Market Size for Extruded Solid Rubber Rods And Profiles in South-Eastern Asia

In 2022, the Southeast Asian extruded solid rubber rod market increased by X% to $X, rising for the second year in a row after two years of decline. In general, consumption, however, showed a noticeable curtailment. The level of consumption peaked at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Production of Extruded Solid Rubber Rods And Profiles in South-Eastern Asia

In value terms, extruded solid rubber rod production declined slightly to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a abrupt shrinkage. The pace of growth was the most pronounced in 2018 when the production volume increased by X%. Over the period under review, production attained the peak level at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Exports of Extruded Solid Rubber Rods And Profiles

Exports in South-Eastern Asia

After two years of growth, overseas shipments of extruded solid rubber rods and profiles decreased by X% to X tons in 2022. Over the period under review, exports continue to indicate a abrupt slump. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, extruded solid rubber rod exports declined significantly to $X in 2022. Overall, exports recorded a abrupt downturn. The most prominent rate of growth was recorded in 2020 with an increase of X%. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Thailand (X tons) and Malaysia (X tons) represented roughly X% of total exports in 2022. Vietnam (X tons) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Singapore (X%) and the Philippines (X%).

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by the Philippines (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Malaysia ($X), Vietnam ($X) and Thailand ($X) constituted the countries with the highest levels of exports in 2022, with a combined X% share of total exports. The Philippines and Singapore lagged somewhat behind, together comprising a further X%.

Among the main exporting countries, the Philippines, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2022, the export price in South-Eastern Asia amounted to $X per ton, with an increase of X% against the previous year. Export price indicated a temperate expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, extruded solid rubber rod export price increased by X% against 2020 indices. The growth pace was the most rapid in 2017 when the export price increased by X%. The level of export peaked in 2022 and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the Philippines ($X per ton), while Thailand ($X per ton) was amongst the lowest.

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

Imports of Extruded Solid Rubber Rods And Profiles

Imports in South-Eastern Asia

In 2022, approx. X tons of extruded solid rubber rods and profiles were imported in South-Eastern Asia; with an increase of X% against the year before. The total import volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The volume of import peaked at X tons in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, extruded solid rubber rod imports surged to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations in certain years. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the immediate term.

Imports by Country

Vietnam represented the key importer of extruded solid rubber rods and profiles in South-Eastern Asia, with the volume of imports accounting for X tons, which was near X% of total imports in 2022. Cambodia (X tons) held the second position in the ranking, followed by Indonesia (X tons), Thailand (X tons), Malaysia (X tons), the Philippines (X tons) and Myanmar (X tons). All these countries together took near X% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to extruded solid rubber rod imports into Vietnam stood at X%. At the same time, Myanmar (X%), Cambodia (X%), Malaysia (X%) and the Philippines (X%) displayed positive paces of growth. Moreover, Myanmar emerged as the fastest-growing importer imported in South-Eastern Asia, with a CAGR of X% from 2012-2022. Indonesia experienced a relatively flat trend pattern. By contrast, Thailand (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Cambodia, Vietnam, Myanmar and Malaysia increased by X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Vietnam ($X) constitutes the largest market for imported extruded solid rubber rods and profiles in South-Eastern Asia, comprising X% of total imports. The second position in the ranking was held by Indonesia ($X), with an X% share of total imports. It was followed by Thailand, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Vietnam totaled X%. In the other countries, the average annual rates were as follows: Indonesia (X% per year) and Thailand (X% per year).

Import Prices by Country

In 2022, the import price in South-Eastern Asia amounted to $X per ton, which is down by X% against the previous year. In general, the import price recorded a mild decline. The most prominent rate of growth was recorded in 2018 an increase of X%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Vietnam ($X per ton), while Myanmar ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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