Southern Asia: Market for Natural Rubber And Gums 2024

Market Size for Natural Rubber And Gums in Southern Asia

In 2022, the South Asian natural rubber and gum market increased by X% to $X, rising for the second year in a row after two years of decline. Overall, consumption, however, recorded a abrupt decline. The most prominent rate of growth was recorded in 2018 when the market value increased by X%. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Production of Natural Rubber And Gums in Southern Asia

In value terms, natural rubber and gum production shrank to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a deep reduction. The pace of growth appeared the most rapid in 2018 with an increase of X%. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

India (X tons) remains the largest natural rubber and gum producing country in Southern Asia, comprising approx. X% of total volume. Moreover, natural rubber and gum production in India exceeded the figures recorded by the second-largest producer, Sri Lanka (X tons), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume in India was relatively modest. In the other countries, the average annual rates were as follows: Sri Lanka (X% per year) and Bangladesh (X% per year).

The average natural rubber and gum yield reached X tons per ha in 2022, increasing by X% compared with the previous year. Overall, the yield, however, showed a slight descent. The pace of growth appeared the most rapid in 2021 with an increase of X%. The level of yield peaked at X tons per ha in 2012; however, from 2013 to 2022, the yield stood at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the harvested area of natural rubber and gums in Southern Asia expanded rapidly to X ha, picking up by X% against the previous year's figure. Overall, the harvested area, however, saw a relatively flat trend pattern. The level of harvested area peaked at X ha in 2014; however, from 2015 to 2022, the harvested area failed to regain momentum.

Exports of Natural Rubber And Gums

Exports in Southern Asia

Natural rubber and gum exports reduced dramatically to X tons in 2022, which is down by X% compared with the previous year. Over the period under review, exports saw a abrupt setback. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons. From 2018 to 2022, the growth of the exports remained at a lower figure.

In value terms, natural rubber and gum exports fell remarkably to $X in 2022. Overall, exports recorded a abrupt setback. The pace of growth appeared the most rapid in 2017 with an increase of X%. As a result, the exports attained the peak of $X. From 2018 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Sri Lanka (X tons) and India (X tons) prevails in exports structure, together creating X% of total exports. Bangladesh (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Sri Lanka (with a CAGR of X%), while shipments for the other leaders experienced a decline in the exports figures.

In value terms, the largest natural rubber and gum supplying countries in Southern Asia were Sri Lanka ($X), India ($X) and Bangladesh ($X), together comprising X% of total exports.

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

Export Prices by Country

In 2022, the export price in Southern Asia amounted to $X per ton, which is down by X% against the previous year. In general, the export price saw a pronounced downturn. The pace of growth appeared the most rapid in 2018 an increase of X%. As a result, the export price reached the peak level of $X per ton. From 2019 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was India ($X per ton), while Bangladesh ($X per ton) was amongst the lowest.

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

Imports of Natural Rubber And Gums

Imports in Southern Asia

After three years of growth, overseas purchases of natural rubber and gums decreased by X% to X tons in 2022. Overall, imports, however, continue to indicate a remarkable increase. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at X tons in 2021, and then contracted in the following year.

In value terms, natural rubber and gum imports reached $X in 2022. Total imports indicated a noticeable expansion 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 2020 indices. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the immediate term.

Imports by Country

Sri Lanka (X tons) and Pakistan (X tons) were the major importers of natural rubber and gums in 2022, resulting at approx. X% and X% of total imports, respectively. It was distantly followed by India (X tons), making up a X% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Sri Lanka (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Sri Lanka ($X), Pakistan ($X) and India ($X) constituted the countries with the highest levels of imports in 2022, together accounting for X% of total imports.

Sri Lanka, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

The import price in Southern Asia stood at $X per ton in 2022, with an increase of X% against the previous year. Overall, the import price, however, continues to indicate a perceptible slump. The growth pace was the most rapid in 2016 an increase of X%. Over the period under review, import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Pakistan ($X per ton), while India ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :