Thailand: Vulcanised Rubber Mats Market 2024

Vulcanised Rubber Mats Market Size in Thailand

The Thai vulcanised rubber mats market stood at $X in 2022, approximately reflecting the previous year. Overall, consumption continues to indicate a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Vulcanised Rubber Mats Production in Thailand

In value terms, vulcanised rubber mats production shrank to $X in 2022 estimated in export price. Overall, production continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Vulcanised rubber mats production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

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Vulcanised Rubber Mats Exports

Exports from Thailand

In 2022, after two years of growth, there was significant decline in shipments abroad of floor coverings and mats of vulcanised rubber, when their volume decreased by X% to X tons. In general, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

In value terms, vulcanised rubber mats exports shrank to $X in 2022. Over the period under review, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, the exports attained the peak of $X, and then fell in the following year.

Exports by Country

The United States (X tons) was the main destination for vulcanised rubber mats exports from Thailand, with a X% share of total exports. Moreover, vulcanised rubber mats exports to the United States exceeded the volume sent to the second major destination, Japan (X tons), threefold. The Netherlands (X tons) ranked third in terms of total exports with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (X% per year) and the Netherlands (X% per year).

In value terms, the largest markets for vulcanised rubber mats exported from Thailand were the United States ($X), Japan ($X) and Lao People's Democratic Republic ($X), with a combined X% share of total exports. The Netherlands, the Philippines, Cambodia, Senegal, Sweden, Australia and Myanmar lagged somewhat behind, together accounting for a further X%.

Senegal, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average vulcanised rubber mats export price amounted to $X per ton, picking up by X% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the average export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2020 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Lao People's Democratic Republic ($X per ton), while the average price for exports to Sweden ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Lao People's Democratic Republic (X%), while the prices for the other major destinations experienced more modest paces of growth.

Vulcanised Rubber Mats Imports

Imports into Thailand

In 2022, the amount of floor coverings and mats of vulcanised rubber imported into Thailand reduced to X tons, with a decrease of X% against 2021 figures. Overall, imports, however, showed a remarkable increase. The most prominent rate of growth was recorded in 2020 with an increase of X%. As a result, imports reached the peak of X tons. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, vulcanised rubber mats imports skyrocketed to $X in 2022. In general, total imports indicated measured growth 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 2018 when imports increased by X% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in years to come.

Imports by Country

In 2022, China (X tons) constituted the largest vulcanised rubber mats supplier to Thailand, accounting for a X% share of total imports. Moreover, vulcanised rubber mats imports from China exceeded the figures recorded by the second-largest supplier, Malaysia (X tons), fivefold. India (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (X% per year) and India (X% per year).

In value terms, China ($X) constituted the largest supplier of floor coverings and mats of vulcanised rubber to Thailand, comprising X% of total imports. The second position in the ranking was taken by Malaysia ($X), with a X% share of total imports. It was followed by Japan, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (X% per year) and Japan (X% per year).

Import Prices by Country

In 2022, the average vulcanised rubber mats import price amounted to $X per ton, increasing by X% against the previous year. In general, the import price, however, recorded a abrupt downturn. The import price 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 supplying countries. In 2022, amid the top importers, the country with the highest price was Japan ($X per ton), while the price for China ($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 prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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