Global Vulcanised Rubber Thread Market 2024

Vulcanised Rubber Thread Market Size

In 2022, after two years of growth, there was decline in the global vulcanised rubber thread market, when its value decreased by X% to $X. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level of $X, and then reduced slightly in the following year.

Vulcanised Rubber Thread Production

In value terms, vulcanised rubber thread production rose slightly to $X in 2022 estimated in export price. In general, production continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2022, global production growth remained at a somewhat lower figure.

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Vulcanised Rubber Thread Exports

Exports

In 2022, shipments abroad of vulcanised rubber thread and cord decreased by X% to X tons for the first time since 2017, thus ending a four-year rising trend. The total export volume increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, the exports reached the peak of X tons, and then contracted in the following year.

In value terms, vulcanised rubber thread exports contracted to $X in 2022. Over the period under review, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, the exports reached the peak of $X, and then reduced in the following year.

Exports by Country

Thailand was the main exporting country with an export of about X tons, which resulted at X% of total exports. Malaysia (X tons) took the second position in the ranking, distantly followed by China (X tons). All these countries together took near X% share of total exports. India (X tons) took a relatively small share of total exports.

Exports from Thailand increased at an average annual rate of X% from 2012 to 2022. At the same time, India (X%) and China (X%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing exporter exported in the world, with a CAGR of X% from 2012-2022. By contrast, Malaysia (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Thailand, India and China increased by X, X and X percentage points, respectively.

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

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

Export Prices by Country

The average vulcanised rubber thread export price stood at $X per ton in 2022, leveling off at the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average export price increased by X%. The global export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

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

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

Vulcanised Rubber Thread Imports

Imports

In 2022, approx. X tons of vulcanised rubber thread and cord were imported worldwide; reducing by X% compared with 2021 figures. In general, total imports indicated notable 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 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons, and then contracted in the following year.

In value terms, vulcanised rubber thread imports dropped to $X in 2022. Over the period under review, total imports indicated a notable 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 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, imports reached the peak of $X, and then fell in the following year.

Imports by Country

China represented the major importer of vulcanised rubber thread and cord in the world, with the volume of imports reaching X tons, which was approx. X% of total imports in 2022. It was distantly followed by Bangladesh (X tons), mixing up an X% share of total imports. Indonesia (X tons), the UK (X tons), Brazil (X tons), Italy (X tons), Turkey (X tons), Vietnam (X tons), the United States (X tons), Russia (X tons) and South Korea (X tons) held a little share of total imports.

From 2012 to 2022, average annual rates of growth with regard to vulcanised rubber thread imports into China stood at X%. At the same time, Bangladesh (X%), Russia (X%), Vietnam (X%), Turkey (X%), Italy (X%), Indonesia (X%), Brazil (X%) and the United States (X%) displayed positive paces of growth. Moreover, Bangladesh emerged as the fastest-growing importer imported in the world, with a CAGR of X% from 2012-2022. The UK experienced a relatively flat trend pattern. By contrast, South Korea (X%) illustrated a downward trend over the same period. While the share of China (X p.p.) and Bangladesh (X p.p.) increased significantly in terms of the global imports from 2012-2022, the share of South Korea (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

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

In China, vulcanised rubber thread 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: Bangladesh (X% per year) and Indonesia (X% per year).

Import Prices by Country

The average vulcanised rubber thread import price stood at $X per ton in 2022, stabilizing at the previous year. In general, the import price, however, recorded a slight decrease. The pace of growth was the most pronounced in 2021 an increase of X%. Global import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Vietnam ($X per ton), while the United States ($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 global leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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