South-Eastern Asia: Synthetic Latex Rubber Market 2024

Synthetic Latex Rubber Market Size in South-Eastern Asia

After five years of growth, the Southeast Asian synthetic latex rubber market decreased by X% to $X in 2022. Overall, consumption, however, recorded a relatively flat trend pattern. As a result, consumption reached the peak level of $X, and then declined sharply in the following year.

Synthetic Latex Rubber Production in South-Eastern Asia

In value terms, synthetic latex rubber production shrank to $X in 2022 estimated in export price. Overall, production continues to indicate a noticeable decline. The pace of growth was the most pronounced in 2021 with an increase of X%. The level of production peaked at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Synthetic Latex Rubber Exports

Exports in South-Eastern Asia

In 2022, shipments abroad of synthetic latex rubber decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, exports, however, recorded a buoyant increase. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. As a result, the exports attained the peak of X tons, and then dropped dramatically in the following year.

In value terms, synthetic latex rubber exports contracted markedly to $X in 2022. In general, exports, however, recorded a mild expansion. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X, and then declined notably in the following year.

Exports by Country

Malaysia was the largest exporting country with an export of about X tons, which recorded X% of total exports. Thailand (X tons) ranks second in terms of the total exports with a X% share, followed by Indonesia (X%).

Exports from Malaysia increased at an average annual rate of X% from 2012 to 2022. At the same time, Thailand (X%) and Indonesia (X%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of Thailand and Indonesia increased by X and X percentage points, respectively.

In value terms, Malaysia ($X) remains the largest synthetic latex rubber supplier in South-Eastern Asia, comprising X% of total exports. The second position in the ranking was held by Thailand ($X), with a X% share of total exports.

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

Export Prices by Country

The export price in South-Eastern Asia stood at $X per ton in 2022, dropping by X% against the previous year. Overall, the export price showed a perceptible shrinkage. The growth pace was the most rapid in 2021 an increase of X% against the previous year. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Malaysia ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (X%), while the other leaders experienced a decline in the export price figures.

Synthetic Latex Rubber Imports

Imports in South-Eastern Asia

After ten years of growth, supplies from abroad of synthetic latex rubber decreased by X% to X tons in 2022. Over the period under review, imports, however, posted a temperate expansion. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, imports reached the peak of X tons, and then reduced remarkably in the following year.

In value terms, synthetic latex rubber imports contracted significantly to $X in 2022. Overall, imports, however, enjoyed tangible growth. The most prominent rate of growth was recorded in 2021 when imports increased by X%. As a result, imports reached the peak of $X, and then shrank remarkably in the following year.

Imports by Country

Malaysia was the major importer of synthetic latex rubber in South-Eastern Asia, with the volume of imports accounting for X tons, which was approx. X% of total imports in 2022. It was distantly followed by Thailand (X tons), Vietnam (X tons) and Indonesia (X tons), together constituting a X% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to synthetic latex rubber imports into Malaysia stood at X%. At the same time, Vietnam (X%), Thailand (X%) and Indonesia (X%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing importer imported in South-Eastern Asia, with a CAGR of X% from 2012-2022. While the share of Vietnam (X p.p.) and Malaysia (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Indonesia (X p.p.) and Thailand (X p.p.) displayed negative dynamics.

In value terms, Malaysia ($X) constitutes the largest market for imported synthetic latex rubber in South-Eastern Asia, comprising X% of total imports. The second position in the ranking was taken by Thailand ($X), with a X% share of total imports. It was followed by Vietnam, with a X% share.

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

Import Prices by Country

In 2022, the import price in South-Eastern Asia amounted to $X per ton, reducing by X% against the previous year. Overall, the import price saw a perceptible descent. The pace of growth appeared the most rapid in 2017 an increase of X% against the previous year. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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