Thailand: Market for Natural Rubber And Gums 2024

Market Size for Natural Rubber And Gums in Thailand

In 2022, the Thai natural rubber and gum market was finally on the rise to reach $X after two years of decline. Overall, consumption, however, recorded a noticeable slump. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Production of Natural Rubber And Gums in Thailand

In value terms, natural rubber and gum production totaled $X in 2022 estimated in export price. Over the period under review, production recorded a perceptible curtailment. The most prominent rate of growth was recorded in 2017 with an increase of X%. Natural rubber and gum production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

In 2022, the average natural rubber and gum yield in Thailand declined modestly to X tons per ha, approximately mirroring 2021. Over the period under review, the yield recorded a mild contraction. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. The natural rubber and gum yield peaked at X tons per ha in 2012; however, from 2013 to 2022, the yield failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the total area harvested in terms of natural rubber and gums production in Thailand declined to X ha, stabilizing at the year before. The harvested area increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2014 when the harvested area increased by X% against the previous year. The natural rubber and gum harvested area peaked at X ha in 2020; afterwards, it flattened through to 2022.

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Exports of Natural Rubber And Gums

Exports from Thailand

In 2022, after two years of growth, there was significant decline in overseas shipments of natural rubber and gums, when their volume decreased by X% to X tons. The total export volume increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. As a result, the exports attained the peak of X tons. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, natural rubber and gum exports contracted to $X in 2022. In general, exports recorded a perceptible contraction. The pace of growth was the most pronounced in 2017 with an increase of X%. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Malaysia (X tons), China (X tons) and South Korea (X tons) were the main destinations of natural rubber and gum exports from Thailand, together comprising X% of total exports. Vietnam lagged somewhat behind, accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Vietnam (with a CAGR of X%), while the other leaders experienced mixed trend patterns.

In value terms, Malaysia ($X), China ($X) and South Korea ($X) were the largest markets for natural rubber and gum exported from Thailand worldwide, with a combined X% share of total exports. Vietnam lagged somewhat behind, comprising a further X%.

In terms of the main countries of destination, Vietnam, with a CAGR of X%, saw 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.

Export Prices by Country

In 2022, the average natural rubber and gum export price amounted to $X per ton, dropping by X% against the previous year. In general, the export price saw a deep setback. The most prominent rate of growth was recorded in 2017 when the average export price increased by X%. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to South Korea ($X per ton) and Vietnam ($X per ton), while the average price for exports to China ($X per ton) and Malaysia ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (X%), while the prices for the other major destinations experienced a decline.

Imports of Natural Rubber And Gums

Imports into Thailand

After two years of growth, purchases abroad of natural rubber and gums decreased by X% to X tons in 2022. Over the period under review, imports showed a deep setback. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X tons in 2015; however, from 2016 to 2022, imports remained at a lower figure.

In value terms, natural rubber and gum imports shrank dramatically to $X in 2022. Overall, imports recorded a deep slump. The pace of growth appeared the most rapid in 2020 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Malaysia (X tons) was the main supplier of natural rubber and gum to Thailand, accounting for a approx. X% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from Malaysia amounted to X%.

In value terms, Malaysia ($X) constituted the largest supplier of natural rubber and gums to Thailand.

From 2012 to 2022, the average annual growth rate of value from Malaysia totaled X%.

Import Prices by Country

The average natural rubber and gum import price stood at $X per ton in 2022, waning by X% against the previous year. Overall, the import price saw a perceptible reduction. The pace of growth appeared the most rapid in 2017 an increase of X%. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for Malaysia.

From 2012 to 2022, the rate of growth in terms of prices for Vietnam amounted to X% per year.

Source: IndexBox Platform

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