ASEAN: Synthetic Latex Rubber Market 2024

Synthetic Latex Rubber Market Size in ASEAN

After five years of growth, the ASEAN synthetic latex rubber market decreased by X% to $X in 2022. Overall, consumption, however, showed a relatively flat trend pattern. As a result, consumption attained the peak level of $X, and then declined significantly in the following year.

Synthetic Latex Rubber Production in ASEAN

In value terms, synthetic latex rubber production fell to $X in 2022 estimated in export price. Overall, production showed a pronounced shrinkage. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, production attained the peak level at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

Synthetic Latex Rubber Exports

Exports in ASEAN

In 2022, after two years of growth, there was significant decline in overseas shipments of synthetic latex rubber, when their volume decreased by X% to X tons. In general, exports, however, enjoyed strong growth. The pace of growth was the most pronounced in 2021 with an increase of X%. As a result, the exports attained the peak of X tons, and then dropped notably in the following year.

In value terms, synthetic latex rubber exports fell remarkably to $X in 2022. Overall, exports, however, enjoyed a mild increase. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, the exports attained the peak of $X, and then dropped notably in the following year.

Exports by Country

Malaysia represented the main exporter of synthetic latex rubber in ASEAN, with the volume of exports recording X tons, which was approx. X% of total exports in 2022. It was distantly followed by Thailand (X tons) and Indonesia (X tons), together achieving a X% share of total exports.

Exports from Malaysia increased at an average annual rate of X% from 2012 to 2022. At the same time, Thailand (X%) and Indonesia (X%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing exporter exported in ASEAN, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of Thailand and Indonesia increased by X and X percentage points, respectively.

In value terms, Malaysia ($X) remains the largest synthetic latex rubber supplier in ASEAN, comprising X% of total exports. The second position in the ranking was taken by Thailand ($X), with a X% share of total exports.

In Malaysia, synthetic latex rubber exports remained relatively stable over the period from 2012-2022. In the other countries, the average annual rates were as follows: Thailand (X% per year) and Indonesia (X% per year).

Export Prices by Country

In 2022, the export price in ASEAN amounted to $X per ton, declining by X% against the previous year. Overall, the export price continues to indicate a noticeable reduction. The most prominent rate of growth was recorded in 2021 when the export price increased by X% against the previous year. Over the period under review, the export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Malaysia ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (X%), while the other leaders experienced a decline in the export price figures.

Synthetic Latex Rubber Imports

Imports in ASEAN

After ten years of growth, purchases abroad of synthetic latex rubber decreased by X% to X tons in 2022. Over the period under review, imports, however, posted moderate growth. The pace of growth appeared the most rapid in 2021 with an increase of X%. As a result, imports attained the peak of X tons, and then dropped dramatically in the following year.

In value terms, synthetic latex rubber imports shrank notably to $X in 2022. In general, imports, however, continue to indicate a pronounced expansion. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. As a result, imports reached the peak of $X, and then reduced rapidly in the following year.

Imports by Country

In 2022, Malaysia (X tons) represented the main importer of synthetic latex rubber, creating X% of total imports. Thailand (X tons) ranks second in terms of the total imports with a X% share, followed by Vietnam (X%) and Indonesia (X%).

From 2012 to 2022, average annual rates of growth with regard to synthetic latex rubber imports into Malaysia stood at X%. At the same time, Vietnam (X%), Thailand (X%) and Indonesia (X%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing importer imported in ASEAN, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of Vietnam and Malaysia increased by X and X percentage points, respectively.

In value terms, Malaysia ($X) constitutes the largest market for imported synthetic latex rubber in ASEAN, comprising X% of total imports. The second position in the ranking was taken by Thailand ($X), with a X% share of total imports. It was followed by Vietnam, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Malaysia amounted to X%. In the other countries, the average annual rates were as follows: Thailand (X% per year) and Vietnam (X% per year).

Import Prices by Country

The import price in ASEAN stood at $X per ton in 2022, dropping by X% against the previous year. Overall, the import price continues to indicate a perceptible slump. The growth pace was the most rapid in 2017 an increase of X% against the previous year. Over the period under review, import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, 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 Indonesia ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :