Price for Compounded Rubber, Unvulcanised, in Primary Forms or in Plates, Sheets or Strip in Malaysia - 2024

Contents:

1. Price for Compounded Rubber, Unvulcanised, in Primary Forms or in Plates, Sheets or Strip in Malaysia (CIF) - 2024
2. Price for Compounded Rubber, Unvulcanised, in Primary Forms or in Plates, Sheets or Strip in Malaysia (FOB) - 2024
3. Imports of Compounded Rubber, Unvulcanised, in Primary Forms or in Plates, Sheets or Strip in Malaysia
4. Exports of Compounded Rubber, Unvulcanised, in Primary Forms or in Plates, Sheets or Strip in Malaysia

Price for Compounded Rubber, Unvulcanised, in Primary Forms or in Plates, Sheets or Strip in Malaysia (CIF) - 2024

In January 2024, the average import price for compounded rubber, unvulcanised, in primary forms or in plates, sheets or strips amounted to $2,558 per ton, which is down by -6.2% against the previous month. Over the period under review, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in November 2023 an increase of 7.8% m-o-m. Over the period under review, average import prices hit record highs at $2,727 per ton in December 2023, and then fell in the following month.

Prices varied noticeably by the country of origin: the country with the highest price was China ($2,542 per ton), while the price for Thailand totaled $1,438 per ton.

From January 2023 to January 2024, the most notable rate of growth in terms of prices was attained by China (+0.3%).

Price for Compounded Rubber, Unvulcanised, in Primary Forms or in Plates, Sheets or Strip in Malaysia (FOB) - 2024

In January 2024, the average export price for compounded rubber, unvulcanised, in primary forms or in plates, sheets or strips amounted to $1,703 per ton, shrinking by -13.4% against the previous month. Over the period under review, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in September 2023 an increase of 15% month-to-month. As a result, the export price reached the peak level of $2,222 per ton. From October 2023 to January 2024, the the average export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In January 2024, the country with the highest price was China ($5,261 per ton), while the average price for exports to India ($1,484 per ton) was amongst the lowest.

From January 2023 to January 2024, the most notable rate of growth in terms of prices was recorded for supplies to China (+0.8%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Compounded Rubber, Unvulcanised, in Primary Forms or in Plates, Sheets or Strip in Malaysia

After three years of growth, supplies from abroad of compounded rubber, unvulcanised, in primary forms or in plates, sheets or strips decreased by -9.6% to 36K tons in 2022. Over the period under review, imports, however, showed significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 46%.

In value terms, imports of compounded rubber, unvulcanised, in primary forms or in plates, sheets or strips contracted to $98M in 2022. In general, imports, however, posted a significant increase. The pace of growth was the most pronounced in 2021 when imports increased by 54%. As a result, imports reached the peak of $104M, and then declined in the following year.

Top Suppliers of Compounded Rubber, Unvulcanised, in Primary Forms or in Plates, Sheets or Strip to Malaysia in 2022:

1. China (32.0K tons)
2. Thailand (2.2K tons)

Exports of Compounded Rubber, Unvulcanised, in Primary Forms or in Plates, Sheets or Strip in Malaysia

In 2022, the amount of compounded rubber, unvulcanised, in primary forms or in plates, sheets or strips exported from Malaysia rose rapidly to 41K tons, surging by 11% compared with 2021 figures. Over the period under review, total exports indicated a strong expansion from 2019 to 2022: its volume increased at an average annual rate of +19.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +71.8% against 2019 indices. The pace of growth was the most pronounced in 2020 when exports increased by 37%. Over the period under review, the exports of attained the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, exports of compounded rubber, unvulcanised, in primary forms or in plates, sheets or strips reached $86M in 2022. In general, total exports indicated a significant expansion from 2019 to 2022: its value increased at an average annual rate of +20.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +73.0% against 2019 indices. The growth pace was the most rapid in 2020 with an increase of 30% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are likely to continue growth in the near future.

Top Export Markets for Compounded Rubber, Unvulcanised, in Primary Forms or in Plates, Sheets or Strip from Malaysia in 2022:

1. India (28.8K tons)
2. Australia (3.7K tons)
3. Sri Lanka (3.6K tons)
4. China (1.3K tons)
5. Japan (1.3K tons)

Source: IndexBox Market Intelligence Platform