Global Vulcanised Rubber Thread Market 2023

Vulcanised Rubber Thread Market Size

After two years of decline, the global vulcanised rubber thread market increased by 18% to $X in 2021. The market value increased at an average annual rate of +1.3% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Global consumption peaked in 2021 and is expected to retain growth in the near future.

Vulcanised Rubber Thread Production

In value terms, vulcanised rubber thread production declined slightly to $X in 2021 estimated in export price. In general, production, however, recorded a mild descent. The pace of growth was the most pronounced in 2017 with an increase of 20%. Global production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Vulcanised Rubber Thread Exports

Exports

In 2021, global vulcanised rubber thread exports soared to X tons, picking up by 15% against the previous year's figure. The total export volume increased at an average annual rate of +2.7% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, vulcanised rubber thread exports soared to $X in 2021. In general, total exports indicated a mild increase from 2012 to 2021: its value increased at an average annual rate of +1.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +41.0% against 2017 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Thailand was the key exporting country with an export of around X tons, which accounted for 57% of total exports. Malaysia (X tons) held a 25% share (based on physical terms) of total exports, which put it in second place, followed by China (9%). The following exporters - India (X tons) and Vietnam (X tons) - each accounted for a 3.6% share of total exports.

From 2012 to 2021, average annual rates of growth with regard to vulcanised rubber thread exports from Thailand stood at +4.8%. At the same time, Vietnam (+26.2%) and India (+24.1%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in the world, with a CAGR of +26.2% from 2012-2021. China and Malaysia experienced a relatively flat trend pattern. Thailand (+9.3 p.p.) and India (+1.5 p.p.) significantly strengthened its position in terms of the global exports, while China and Malaysia saw its share reduced by -1.6% and -5.8% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Thailand ($X) remains the largest vulcanised rubber thread supplier worldwide, comprising 51% of global exports. The second position in the ranking was taken by Malaysia ($X), with a 23% share of global exports. It was followed by China, with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Thailand amounted to +2.6%. In the other countries, the average annual rates were as follows: Malaysia (-0.8% per year) and China (+4.3% per year).

Export Prices by Country

In 2021, the average vulcanised rubber thread export price amounted to $X per ton, rising by 22% against the previous year. Over the period under review, the export price, however, saw a slight decrease. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+3.4%), while the other global leaders experienced a decline in the export price figures.

Vulcanised Rubber Thread Imports

Imports

In 2021, the amount of vulcanised rubber thread and cord imported worldwide soared to X tons, jumping by 16% compared with 2020. The total import volume increased at an average annual rate of +3.9% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2015 when imports increased by 17% against the previous year. Over the period under review, global imports attained the maximum in 2021 and are likely to see steady growth in years to come.

In value terms, vulcanised rubber thread imports surged to $X in 2021. Over the period under review, total imports indicated moderate growth from 2012 to 2021: its value increased at an average annual rate of +2.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

China dominates imports structure, amounting to X tons, which was approx. 52% of total imports in 2021. It was distantly followed by Bangladesh (X tons), comprising a 6% share of total imports. The following importers - Indonesia (X tons), Brazil (X tons), Vietnam (X tons), South Korea (X tons), the UK (X tons), Italy (X tons), Turkey (X tons), the United States (X tons) and Iran (X tons) - together made up 22% of total imports.

From 2012 to 2021, average annual rates of growth with regard to vulcanised rubber thread imports into China stood at +9.0%. At the same time, Bangladesh (+14.3%), Brazil (+4.9%), Indonesia (+4.0%), Iran (+3.7%), Turkey (+2.7%) and Italy (+2.6%) displayed positive paces of growth. Moreover, Bangladesh emerged as the fastest-growing importer imported in the world, with a CAGR of +14.3% from 2012-2021. The United States and South Korea experienced a relatively flat trend pattern. By contrast, the UK (-2.6%) and Vietnam (-12.8%) illustrated a downward trend over the same period. From 2012 to 2021, the share of China and Bangladesh increased by +18 and +3.5 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported vulcanised rubber thread and cord worldwide, comprising 49% of global imports. The second position in the ranking was held by Bangladesh ($X), with a 5.7% share of global imports. It was followed by Indonesia, with a 4.1% share.

From 2012 to 2021, the average annual growth rate of value in China stood at +7.5%. The remaining importing countries recorded the following average annual rates of imports growth: Bangladesh (+12.4% per year) and Indonesia (+5.3% per year).

Import Prices by Country

The average vulcanised rubber thread import price stood at $X per ton in 2021, jumping by 25% against the previous year. Over the period under review, the import price, however, recorded a mild setback. Over the period under review, average import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Italy ($X per ton), while the United States ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Indonesia (+1.2%), while the other global leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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