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Thailand - Synthetic Rubber - Market Analysis, Forecast, Size, Trends And Insights
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Thailand: Synthetic Rubber Market Overview 2021

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Synthetic Rubber Market Size in Thailand

In 2019, the Thai synthetic rubber market increased by X% to $X, rising for the third consecutive year after five years of decline. In general, the total consumption indicated modest growth from 2007 to 2019: its value increased at an average annual rate of +X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, consumption increased by +X% against 2016 indices. The pace of growth appeared the most rapid in 2011 with an increase of X% year-to-year. As a result, consumption attained the peak level of $X. From 2012 to 2019, the growth of the market remained at a lower figure.

Synthetic Rubber Production in Thailand

In value terms, synthetic rubber production skyrocketed to $X in 2019 estimated in export prices. Overall, production showed buoyant growth. The pace of growth was the most pronounced in 2015 with an increase of X% y-o-y. Synthetic rubber production peaked in 2019 and is expected to retain growth in years to come.

Synthetic Rubber Exports

Exports from Thailand

In 2019, shipments abroad of synthetic rubber increased by X% to X tonnes, rising for the sixth year in a row after two years of decline. Overall, exports enjoyed a strong increase. As a result, exports reached the peak and are likely to continue growth in the immediate term.

In value terms, synthetic rubber exports surged to $X in 2019. Over the period under review, exports enjoyed a resilient expansion. As a result, exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

China (X tonnes) was the main destination for synthetic rubber exports from Thailand, accounting for a X% share of total exports. Moreover, synthetic rubber exports to China exceeded the volume sent to the second major destination, Malaysia (X tonnes), more than tenfold.

From 2007 to 2019, the average annual growth rate of volume to China totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (+X% per year) and Viet Nam (+X% per year).

In value terms, China ($X) remains the key foreign market for synthetic rubber exports from Thailand, comprising X% of total exports. The second position in the ranking was occupied by Malaysia ($X), with a X% share of total exports.

From 2007 to 2019, the average annual rate of growth in terms of value to China totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (+X% per year) and Viet Nam (+X% per year).

Export Prices by Country

In 2019, the average synthetic rubber export price amounted to $X per tonne, reducing by -X% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2010 when the average export price increased by X% y-o-y. The export price peaked at $X per tonne in 2011; however, from 2012 to 2019, export prices failed to regain the momentum.

Average prices varied noticeably for the major foreign markets. In 2019, the country with the highest price was China ($X per tonne), while the average price for exports to Viet Nam ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to China, while the prices for the other major destinations experienced a decline.

Synthetic Rubber Imports

Imports into Thailand

After four years of growth, purchases abroad of synthetic rubber decreased by -X% to X tonnes in 2019. In general, imports, however, enjoyed resilient growth. The pace of growth appeared the most rapid in 2010 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at X tonnes in 2018, and then reduced in the following year.

In value terms, synthetic rubber imports fell to $X in 2019. Over the period under review, imports, however, enjoyed strong growth. The pace of growth appeared the most rapid in 2010 when imports increased by X% y-o-y. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2019, imports stood at a somewhat lower figure.

Imports by Country

South Korea (X tonnes), Japan (X tonnes) and Taiwan (Chinese) (X tonnes) were the main suppliers of synthetic rubber imports to Thailand, together comprising X% of total imports. The U.S., Singapore, India and China lagged somewhat behind, together accounting for a further X 2007 to 2019, the biggest increases were in Singapore (+X% per year), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest synthetic rubber suppliers to Thailand were Japan ($X), South Korea ($X) and Taiwan (Chinese) ($X), with a combined X% share of total imports. The U.S., Singapore, China and India lagged somewhat behind, together accounting for a further X terms of the main suppliers, Singapore (+X% per year) recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2019, the average synthetic rubber import price amounted to $X per tonne, approximately equating the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2011 an increase of X% year-to-year. As a result, import price attained the peak level of $X per tonne. From 2012 to 2019, the growth in terms of the average import prices failed to regain the momentum.

Prices varied noticeably by the country of origin; the country with the highest price was Japan ($X per tonne), while the price for India ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for synthetic rubber in the world?
+
China (6M tonnes) remains the largest synthetic rubber consuming country worldwide, accounting for 28% of total volume. Moreover, synthetic rubber consumption in China exceeded the figures recorded by the second-largest consumer, the U.S. (2.8M tonnes), twofold. Japan (1.2M tonnes) ranked third in terms of total consumption with a 5.5% share.
What are the largest producers of synthetic rubber in the world?
+
The countries with the highest volumes of synthetic rubber production in 2019 were the U.S. (3.1M tonnes), Japan (1.8M tonnes) and China (1.8M tonnes), with a combined 32% share of global production. South Korea, Russia, Thailand, Germany, Viet Nam, Indonesia, Mexico, France, Taiwan (Chinese) and Italy lagged somewhat behind, together comprising a further 44%.
What are the leading suppliers of synthetic rubber to Thailand?
+
In value terms, Japan ($264M), South Korea ($202M) and Taiwan (Chinese) ($110M) appeared to be the largest synthetic rubber suppliers to Thailand, with a combined 55% share of total imports. These countries were followed by the U.S., Singapore, China and India, which together accounted for a further 26%.
What are the leading importers of synthetic rubber from Thailand?
+
In value terms, China ($1.9B) remains the key foreign market for synthetic rubber exports from Thailand, comprising 85% of total exports. The second position in the ranking was occupied by Malaysia ($82M), with a 3.7% share of total exports.
What is the average export price for synthetic rubber in Thailand?
+
In 2019, the average synthetic rubber export price amounted to $1,488 per tonne, waning by -17.1% against the previous year.
What is the average import price for synthetic rubber in Thailand?
+
The average synthetic rubber import price stood at $2,036 per tonne in 2019, approximately mirroring the previous year.

Product coverage:
• Prodcom 20171050 - Synthetic latex rubber
• Prodcom 20171090 - Synthetic rubber (excluding latex)

This report provides an in-depth analysis of the synthetic rubber market in Thailand. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.


Country coverage:
• Thailand

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in Thailand
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2020
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2020
Table 2:
Market Volume, In Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption In 2007–2020
Table 5:
Imports, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Value Terms, By Country, 2007–2020
Table 7:
Import Prices, By Country Of Origin, 2007–2020
Table 8:
Exports, In Physical Terms, By Country, 2007–2020
Table 9:
Exports, In Value Terms, By Country, 2007–2020
Table 10:
Export Prices, By Country Of Destination, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2020
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2020
Figure 5:
Trade Balance, In Physical Terms, 2007–2020
Figure 6:
Trade Balance, In Value Terms, 2007–2020
Figure 7:
Per Capita Consumption, 2007–2020
Figure 8:
Market Forecast To 2025
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2007–2020
Figure 21:
Production, In Value Terms, 2007–2020
Figure 22:
Imports, In Physical Terms, 2007–2020
Figure 23:
Imports, In Value Terms, 2007–2020
Figure 24:
Imports, In Physical Terms, By Country, 2020
Figure 25:
Imports, In Physical Terms, By Country, 2007–2020
Figure 26:
Imports, In Value Terms, By Country, 2007–2020
Figure 27:
Import Prices, By Country Of Origin, 2007–2020
Figure 28:
Exports, In Physical Terms, 2007–2020
Figure 29:
Exports, In Value Terms, 2007–2020
Figure 30:
Exports, In Physical Terms, By Country, 2020
Figure 31:
Exports, In Physical Terms, By Country, 2007–2020
Figure 32:
Exports, In Value Terms, By Country, 2007–2020
Figure 33:
Export Prices, By Country Of Destination, 2007–2020

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