Southern Asia: Unvulcanized Rubber Market 2024

Unvulcanized Rubber Market Size in Southern Asia

In 2022, the South Asian unvulcanized rubber market increased by X% to $X, rising for the second year in a row after three years of decline. Overall, consumption posted a prominent expansion. The level of consumption peaked in 2022 and is likely to continue growth in the near future.

Unvulcanized Rubber Production in Southern Asia

In value terms, unvulcanized rubber production dropped to $X in 2022 estimated in export price. In general, production, however, showed a modest 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, production hit record highs at $X in 2015; however, from 2016 to 2022, production failed to regain momentum.

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Unvulcanized Rubber Exports

Exports in Southern Asia

In 2022, approx. X tons of unvulcanized rubber and articles thereof were exported in Southern Asia; which is down by X% on the previous year. Total exports indicated a perceptible increase from 2012 to 2022: its volume 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, exports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. As a result, the exports reached the peak of X tons. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, unvulcanized rubber exports fell modestly to $X in 2022. Total exports indicated a modest 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, exports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of X%. The level of export peaked at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

India dominates exports structure, amounting to X tons, which was approx. X% of total exports in 2022. It was distantly followed by Sri Lanka (X tons), making up a X% share of total exports.

India was also the fastest-growing in terms of the unvulcanized rubber and articles thereof exports, with a CAGR of X% from 2012 to 2022. Sri Lanka (X%) illustrated a downward trend over the same period. While the share of India (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Sri Lanka (X p.p.) displayed negative dynamics.

In value terms, India ($X) remains the largest unvulcanized rubber supplier in Southern Asia, comprising X% of total exports. The second position in the ranking was held by Sri Lanka ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value in India stood at X%.

Export Prices by Country

In 2022, the export price in Southern Asia amounted to $X per ton, therefore, remained relatively stable against the previous year. Over the period under review, the export price, however, continues to indicate a slight setback. The most prominent rate of growth was recorded in 2015 an increase of X% against the previous year. Over the period under review, the export prices reached the maximum at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Sri Lanka ($X per ton), while India stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sri Lanka (X%).

Unvulcanized Rubber Imports

Imports in Southern Asia

Unvulcanized rubber imports was estimated at X tons in 2022, growing by X% against the previous year. Over the period under review, imports recorded strong growth. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in the immediate term.

In value terms, unvulcanized rubber imports reached $X in 2022. In general, imports saw a buoyant increase. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. The level of import peaked in 2022 and is likely to see gradual growth in the immediate term.

Imports by Country

India was the key importing country with an import of around X tons, which resulted at X% of total imports. It was distantly followed by Bangladesh (X tons), Sri Lanka (X tons) and Pakistan (X tons), together generating a X% share of total imports.

India was also the fastest-growing in terms of the unvulcanized rubber and articles thereof imports, with a CAGR of X% from 2012 to 2022. At the same time, Bangladesh (X%), Pakistan (X%) and Sri Lanka (X%) displayed positive paces of growth. While the share of India (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Sri Lanka (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported unvulcanized rubber and articles thereof in Southern Asia, comprising X% of total imports. The second position in the ranking was held by Bangladesh ($X), with a X% share of total imports. It was followed by Sri Lanka, with a X% share.

In India, unvulcanized 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: Bangladesh (X% per year) and Sri Lanka (X% per year).

Import Prices by Country

The import price in Southern Asia stood at $X per ton in 2022, declining by X% against the previous year. Overall, the import price saw a perceptible setback. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2013; however, from 2014 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 Bangladesh ($X per ton), while Pakistan ($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 import price figures.

Source: IndexBox Platform

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