South-Eastern Asia: Market for Isoprene Rubber (IR) in Primary Forms 2024

Market Size for Isoprene Rubber (IR) in Primary Forms in South-Eastern Asia

In 2022, the Southeast Asian market for isoprene rubber (IR) in primary forms increased by X% to $X, rising for the third consecutive year after two years of decline. In general, consumption recorded a slight contraction. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Production of Isoprene Rubber (IR) in Primary Forms in South-Eastern Asia

In value terms, production of isoprene rubber (IR) in primary forms amounted to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a strong expansion. The pace of growth appeared the most rapid in 2014 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2015 to 2022, production of growth remained at a lower figure.

Exports of Isoprene Rubber (IR) in Primary Forms

Exports in South-Eastern Asia

In 2022, approx. X tons of isoprene rubber (IR) in primary forms were exported in South-Eastern Asia; waning by X% compared with 2021. In general, exports, however, posted a mild expansion. The growth pace was the most rapid in 2014 with an increase of X%. As a result, the exports reached the peak of X tons. From 2015 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of isoprene rubber (IR) in primary forms contracted to $X in 2022. Over the period under review, exports, however, posted a buoyant increase. The pace of growth appeared the most rapid in 2014 with an increase of X%. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports of remained at a somewhat lower figure.

Exports by Country

Malaysia (X tons) and Thailand (X tons) dominates forms structure, together constituting X% of total exports. It was distantly followed by Singapore (X tons), mixing up a X% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Thailand (with a CAGR of X%), while the other leaders experienced mixed trends in the exports figures.

In value terms, the largest isoprene rubber (IR) in primary form supplying countries in South-Eastern Asia were Thailand ($X), Malaysia ($X) and Singapore ($X), together accounting for X% of total exports.

Thailand, with a CAGR of X%, recorded the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in South-Eastern Asia stood at $X per ton in 2022, increasing by X% against the previous year. Overall, the export price showed a prominent expansion. The pace of growth was the most pronounced in 2020 when the export price increased by X%. The level of export peaked in 2022 and is expected to retain growth in years to come.

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 Singapore ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

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

Imports of Isoprene Rubber (IR) in Primary Forms

Imports in South-Eastern Asia

In 2022, approx. X tons of isoprene rubber (IR) in primary forms were imported in South-Eastern Asia; which is down by X% against the year before. Over the period under review, imports showed a abrupt decrease. The most prominent rate of growth was recorded in 2020 when imports increased by X%. Over the period under review, imports of attained the peak figure at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of isoprene rubber (IR) in primary forms expanded rapidly to $X in 2022. Total imports indicated a modest increase from 2012 to 2022: its value 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, imports increased by X% against 2016 indices. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. Over the period under review, imports of attained the maximum in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, Malaysia (X tons) and Thailand (X tons) represented the major importers of isoprene rubber (IR) in primary forms in South-Eastern Asia, together creating X% of total imports. Vietnam (X tons) took the next position in the ranking, distantly followed by Indonesia (X tons). All these countries together held near X% share of total imports. Singapore (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Singapore (with a CAGR of X%), while purchases for the other leaders experienced mixed trends in the imports figures.

In value terms, Thailand ($X), Malaysia ($X) and Vietnam ($X) were the countries with the highest levels of imports in 2022, with a combined X% share of total imports. Indonesia and Singapore lagged somewhat behind, together accounting for a further X%.

In terms of the main importing countries, Singapore, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in South-Eastern Asia amounted to $X per ton, picking up by X% against the previous year. In general, the import price posted a prominent expansion. The pace of growth appeared the most rapid in 2021 an increase of X%. The level of import peaked in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Thailand ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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