South-Eastern Asia: Unvulcanised Rubber Market 2024

Unvulcanised Rubber Market Size in South-Eastern Asia

The Southeast Asian unvulcanised rubber market contracted to $X in 2022, falling by X% against the previous year. Over the period under review, consumption, however, recorded a relatively flat trend pattern. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Unvulcanised Rubber Production in South-Eastern Asia

In value terms, unvulcanised rubber production fell to $X in 2022 estimated in export price. In general, production recorded a mild downturn. The growth pace was the most rapid in 2018 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Unvulcanised Rubber Exports

Exports in South-Eastern Asia

In 2022, shipments abroad of unvulcanised rubber decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. Overall, exports recorded a pronounced downturn. The growth pace was the most rapid in 2014 with an increase of X%. The volume of export peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, unvulcanised rubber exports dropped slightly to $X in 2022. Over the period under review, exports continue to indicate a perceptible slump. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Thailand represented the largest exporting country with an export of about X tons, which recorded X% of total exports. Malaysia (X tons) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Indonesia (X%).

From 2012 to 2022, average annual rates of growth with regard to unvulcanised rubber exports from Thailand stood at X%. At the same time, Malaysia (X%) displayed positive paces of growth. Moreover, Malaysia emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of X% from 2012-2022. By contrast, Indonesia (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Malaysia increased by X percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2012 to 2022, the average annual growth rate of value in Thailand stood at X%. In the other countries, the average annual rates were as follows: Malaysia (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, approximately reflecting the previous year. Over the period under review, the export price showed a perceptible decrease. The most prominent rate of growth was recorded in 2017 when the export price increased by X%. Over the period under review, the export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, 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 export price figures.

Unvulcanised Rubber Imports

Imports in South-Eastern Asia

In 2022, unvulcanised rubber imports in South-Eastern Asia shrank to X tons, waning by X% compared with the previous year. Overall, imports, however, posted a prominent expansion. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2021, and then contracted in the following year.

In value terms, unvulcanised rubber imports reached $X in 2022. Over the period under review, imports, however, posted a resilient expansion. The most prominent rate of growth was recorded in 2016 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to see gradual growth in the near future.

Imports by Country

Vietnam was the major importer of unvulcanised rubber in South-Eastern Asia, with the volume of imports finishing at X tons, which was approx. X% of total imports in 2022. Thailand (X tons) held the second position in the ranking, distantly followed by Indonesia (X tons) and the Philippines (X tons). All these countries together held near X% share of total imports. Malaysia (X tons) and Singapore (X tons) took a minor share of total imports.

Vietnam was also the fastest-growing in terms of the unvulcanised rubber imports, with a CAGR of X% from 2012 to 2022. At the same time, Thailand (X%), the Philippines (X%) and Indonesia (X%) displayed positive paces of growth. By contrast, Malaysia (X%) and Singapore (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Vietnam and Thailand increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

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

In Vietnam, unvulcanised rubber imports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Thailand (X% per year) and Indonesia (X% per year).

Import Prices by Country

The import price in South-Eastern Asia stood at $X per ton in 2022, growing by X% against the previous year. Overall, the import price, however, saw a perceptible descent. Over the period under review, import prices hit record highs 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 Singapore ($X per ton), while Thailand ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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