South-Eastern Asia: Unvulcanized Rubber Market 2024

Unvulcanized Rubber Market Size in South-Eastern Asia

In 2022, the Southeast Asian unvulcanized rubber market increased by X% to $X, rising for the second year in a row after three years of decline. Overall, consumption, however, saw a relatively flat trend pattern. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Unvulcanized Rubber Production in South-Eastern Asia

In value terms, unvulcanized rubber production reduced slightly to $X in 2022 estimated in export price. In general, production recorded a abrupt slump. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Unvulcanized Rubber Exports

Exports in South-Eastern Asia

After two years of growth, shipments abroad of unvulcanized rubber and articles thereof decreased by X% to X tons in 2022. Overall, exports showed a abrupt curtailment. The most prominent rate of growth was recorded in 2021 when exports increased by X%. The volume of export peaked at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, unvulcanized rubber exports dropped to $X in 2022. Over the period under review, exports showed a deep contraction. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, Thailand (X tons) represented the major exporter of unvulcanized rubber and articles thereof, committing X% of total exports. It was distantly followed by Malaysia (X tons) and Indonesia (X tons), together constituting a X% share of total exports. The following exporters - Vietnam (X tons) and the Philippines (X tons) - each accounted for a X% share of total exports.

Exports from Thailand decreased at an average annual rate of X% from 2012 to 2022. At the same time, the Philippines (X%) displayed positive paces of growth. Moreover, the Philippines emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of X% from 2012-2022. By contrast, Indonesia (X%), Malaysia (X%) and Vietnam (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Thailand and the Philippines increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Thailand ($X) remains the largest unvulcanized rubber supplier in South-Eastern Asia, comprising X% of total exports. The second position in the ranking was held by Malaysia ($X), with a X% share of total exports. It was followed by Indonesia, with a X% share.

In Thailand, unvulcanized rubber exports declined by an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Malaysia (X% per year) and Indonesia (X% per year).

Export Prices by Country

In 2022, the export price in South-Eastern Asia amounted to $X per ton, therefore, remained relatively stable against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the export price increased by X%. Over the period under review, the export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

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

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

Unvulcanized Rubber Imports

Imports in South-Eastern Asia

In 2022, overseas purchases of unvulcanized rubber and articles thereof decreased by X% to X tons for the first time since 2018, thus ending a three-year rising trend. Total imports indicated resilient growth from 2012 to 2022: its volume 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 2014 indices. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X tons in 2021, and then shrank slightly in the following year.

In value terms, unvulcanized rubber imports rose significantly to $X in 2022. Total imports indicated a moderate expansion 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 2014 indices. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in years to come.

Imports by Country

Vietnam was the key importing country with an import of about X tons, which amounted to X% of total imports. Malaysia (X tons) held an X% share (based on physical terms) of total imports, which put it in second place, followed by Thailand (X%), Indonesia (X%), Cambodia (X%) and the Philippines (X%). Singapore (X tons) followed a long way behind the leaders.

Imports into Vietnam increased at an average annual rate of X% from 2012 to 2022. At the same time, Cambodia (X%), Thailand (X%) and the Philippines (X%) displayed positive paces of growth. Moreover, Cambodia emerged as the fastest-growing importer imported in South-Eastern Asia, with a CAGR of X% from 2012-2022. Malaysia and Indonesia experienced a relatively flat trend pattern. By contrast, Singapore (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Vietnam, Thailand and Cambodia increased by X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Vietnam ($X) constitutes the largest market for imported unvulcanized rubber and articles thereof in South-Eastern Asia, comprising X% of total imports. The second position in the ranking was taken by Malaysia ($X), with a X% share of total imports. It was followed by Thailand, with a X% share.

In Vietnam, unvulcanized rubber imports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Malaysia (X% per year) and Thailand (X% per year).

Import Prices by Country

In 2022, the import price in South-Eastern Asia amounted to $X per ton, picking up by X% against the previous year. Overall, the import price, however, recorded a mild downturn. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Cambodia (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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