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Thailand - Isoprene Rubber (IR) in Primary Forms - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Isoprene Rubber (IR) in Primary Form in Thailand - 2023
Contents:
- Price for Isoprene Rubber (IR) in Primary Form in Thailand (CIF) - 2023
- Price for Isoprene Rubber (IR) in Primary Form in Thailand (FOB) - 2022
- Imports of Isoprene Rubber (IR) in Primary Form in Thailand
- Exports of Isoprene Rubber (IR) in Primary Form in Thailand
Price for Isoprene Rubber (IR) in Primary Form in Thailand (CIF) - 2023
The average import price for isoprene rubber (IR) in primary forms stood at $4,734 per ton in November 2023, picking up by 18% against the previous month. Overall, the import price, however, continues to indicate a perceptible contraction. The import price peaked at $6,483 per ton in November 2022; however, from December 2022 to November 2023, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In November 2023, the country with the highest price was Brazil ($8,433 per ton), while the price for China ($1,124 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Brazil (-0.0%), while the prices for the other major suppliers experienced a decline.
Price for Isoprene Rubber (IR) in Primary Form in Thailand (FOB) - 2022
In 2022, the average export price for isoprene rubber (IR) in primary forms amounted to $4,530 per ton, with a decrease of -3.8% against the previous year. Overall, the export price, however, saw mild growth. The most prominent rate of growth was recorded in 2017 when the average export price increased by 177% against the previous year. Over the period under review, the average export prices hit record highs at $5,254 per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Malaysia ($7,355 per ton), while the average price for exports to Taiwan (Chinese) ($435 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (+14.3%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Isoprene Rubber (IR) in Primary Form in Thailand
After three years of growth, supplies from abroad of isoprene rubber (IR) in primary forms decreased by -0.7% to 24K tons in 2022. The total import volume increased at an average annual rate of +9.4% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 17%. As a result, imports reached the peak of 24K tons, leveling off in the following year.
In value terms, imports of isoprene rubber (IR) in primary forms surged to $133M in 2022. Over the period under review, total imports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +16.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +56.8% against 2019 indices. The growth pace was the most rapid in 2020 when imports increased by 18%. Over the period under review, imports of reached the peak figure in 2022 and are expected to retain growth in years to come.
Import of Isoprene Rubber (IR) in Primary Form in Thailand (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Japan | 76.0 | 78.7 | 84.7 | 80.7 | 2.0% |
Brazil | 2.8 | 15.5 | 23.3 | 45.2 | 152.7% |
Russia | 3.8 | 4.1 | 3.9 | 3.3 | -4.6% |
China | 1.3 | 1.0 | 1.9 | 2.7 | 27.6% |
India | 0.1 | 0.5 | 1.1 | 0.7 | 91.3% |
Others | 0.9 | 0.8 | 0.3 | 0.6 | -12.6% |
Total | 84.9 | 101 | 115 | 133 | 16.1% |
Top Suppliers of Isoprene Rubber (IR) in Primary Form to Thailand in 2022:
- Japan (14.8K tons)
- Brazil (5.8K tons)
- Russia (1.4K tons)
- China (1.1K tons)
- India (0.5K tons)
Exports of Isoprene Rubber (IR) in Primary Form in Thailand
In 2022, the amount of isoprene rubber (IR) in primary forms exported from Thailand reduced modestly to 4.6K tons, remaining constant against 2021 figures. Overall, exports showed a perceptible curtailment. The most prominent rate of growth was recorded in 2021 when exports increased by 26%.
In value terms, exports of isoprene rubber (IR) in primary forms reduced modestly to $21M in 2022. Over the period under review, total exports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +12.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +53.6% against 2020 indices. The growth pace was the most rapid in 2021 when exports increased by 61% against the previous year. As a result, the exports attained the peak of $22M, and then reduced slightly in the following year.
Export of Isoprene Rubber (IR) in Primary Form in Thailand (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Indonesia | 0.5 | 4.9 | 9.4 | 7.0 | 141.0% |
Malaysia | 8.4 | 2.5 | 4.7 | 6.1 | -10.1% |
Germany | 1.2 | 1.2 | 2.3 | 1.9 | 16.6% |
Slovenia | 1.7 | 1.9 | 1.3 | 1.4 | -6.3% |
China | 0.7 | 1.0 | 1.0 | 1.4 | 26.0% |
India | 0.9 | 1.0 | 1.0 | 0.7 | -8.0% |
Belgium | 0.1 | 0.3 | 0.2 | 0.2 | 26.0% |
Turkey | 0.4 | 0.1 | N/A | 0.1 | -37.0% |
Others | 0.5 | 0.6 | 1.6 | 1.7 | 50.4% |
Total | 14.4 | 13.4 | 21.6 | 20.6 | 12.7% |
Top Export Markets for Isoprene Rubber (IR) in Primary Form from Thailand in 2022:
- Indonesia (1088.9 tons)
- China (1087.5 tons)
- Malaysia (829.7 tons)
- Germany (469.1 tons)
- Turkey (301.5 tons)
- Slovenia (199.8 tons)
- Belgium (130.5 tons)
- India (72.8 tons)
This report provides an in-depth analysis of the market for isoprene rubber (ir) in primary form in Thailand. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
Country coverage:
- Thailand
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Thailand
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
This report provides an in-depth analysis of the market for isoprene rubber (ir) in primary form in Thailand.
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