Price for Rubber; Unvulcanised, Other than "Camel Back" Strips for Retreading Rubber Tyres in Malaysia - 2024
Contents:
- Price for Rubber; Unvulcanised, Other than "Camel Back" Strips for Retreading Rubber Tyres in Malaysia (CIF) - 2022
- Price for Rubber; Unvulcanised, Other than "Camel Back" Strips for Retreading Rubber Tyres in Malaysia (FOB) - 2022
- Imports of Rubber; Unvulcanised, Other than "Camel Back" Strips for Retreading Rubber Tyres in Malaysia
- Exports of Rubber; Unvulcanised, Other than "Camel Back" Strips for Retreading Rubber Tyres in Malaysia
Price for Rubber; Unvulcanised, Other than "Camel Back" Strips for Retreading Rubber Tyres in Malaysia (CIF) - 2022
The average import price for rubber stood at $4,999 per ton in 2022, shrinking by -22.8% against the previous year. Overall, the import price saw a abrupt descent. The most prominent rate of growth was recorded in 2020 when the average import price increased by 355%. The import price peaked at $9,673 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 supplying countries. In 2022, amid the top importers, the country with the highest price was the Netherlands ($11,080 per ton), while the price for the UK ($618 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+5.9%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Rubber; Unvulcanised, Other than "Camel Back" Strips for Retreading Rubber Tyres in Malaysia (FOB) - 2022
In 2022, the average export price for rubber amounted to $4,595 per ton, which is down by -6.5% against the previous year. Over the period under review, the export price saw a mild decrease. The growth pace was the most rapid in 2013 when the average export price increased by 17% against the previous year. As a result, the export price attained the peak level of $6,563 per ton. From 2014 to 2022, the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Indonesia ($9,056 per ton), while the average price for exports to Australia ($2,791 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 Chile (+8.3%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Rubber; Unvulcanised, Other than "Camel Back" Strips for Retreading Rubber Tyres in Malaysia
In 2022, approx. 684 tons of rubber were imported into Malaysia; picking up by 37% on 2021 figures. In general, total imports indicated resilient growth from 2019 to 2022: its volume increased at an average annual rate of +16.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +59.4% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of rubber expanded significantly to $3.4M in 2022. Overall, imports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 454%. As a result, imports reached the peak of $3.5M. From 2021 to 2022, the growth of imports of failed to regain momentum.
| Import of Rubber; Unvulcanised, Other than "Camel Back" Strips for Retreading Rubber Tyres in Malaysia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 67.9 | 291 | 935 | 1,989 | 208.3% |
| United States | 42.3 | 646 | 310 | 346 | 101.5% |
| Germany | 90.2 | 824 | 661 | 321 | 52.7% |
| South Korea | 70.8 | 126 | 238 | 228 | 47.7% |
| Hong Kong SAR | N/A | 321 | 232 | 135 | -35.1% |
| Thailand | 191 | 134 | 95.8 | 111 | -16.5% |
| France | 46.4 | 43.3 | 29.8 | 59.1 | 8.4% |
| United Kingdom | 8.8 | 9.2 | 29.8 | 27.0 | 45.3% |
| Turkey | 23.1 | N/A | N/A | N/A | 0% |
| Others | 98.3 | 1,142 | 705 | 204 | 27.6% |
| Total | 639 | 3,538 | 3,237 | 3,420 | 74.9% |
Top Suppliers of Rubber; Unvulcanised, Other than "Camel Back" Strips for Retreading Rubber Tyres to Malaysia in 2022:
- China (223.7 tons)
- France (78.2 tons)
- United States (71.2 tons)
- South Korea (53.6 tons)
- Germany (45.8 tons)
- United Kingdom (43.7 tons)
- Thailand (27.2 tons)
- Hong Kong SAR (15.8 tons)
Exports of Rubber; Unvulcanised, Other than "Camel Back" Strips for Retreading Rubber Tyres in Malaysia
Exports of rubber from Malaysia contracted to 178 tons in 2022, waning by -13.2% compared with the previous year. Overall, exports saw a mild shrinkage. The most prominent rate of growth was recorded in 2021 when exports increased by 12%. As a result, the exports attained the peak of 205 tons, and then contracted in the following year.
In value terms, exports of rubber contracted notably to $819K in 2022. Over the period under review, exports showed a abrupt slump. The most prominent rate of growth was recorded in 2021 with an increase of 14%.
| Export of Rubber; Unvulcanised, Other than "Camel Back" Strips for Retreading Rubber Tyres in Malaysia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 608 | 388 | 281 | 182 | -33.1% |
| Indonesia | 21.9 | 14.4 | 28.0 | 149 | 89.5% |
| United States | 67.8 | 142 | 221 | 125 | 22.6% |
| Australia | 144 | 107 | 165 | 117 | -6.7% |
| Brazil | 52.0 | 136 | 64.7 | 87.8 | 19.1% |
| Turkey | 1.4 | 18.9 | 21.4 | 75.3 | 277.5% |
| Canada | 20.3 | N/A | 23.2 | 35.9 | 20.9% |
| Others | 93.9 | 78.9 | 205 | 46.9 | -20.7% |
| Total | 1,010 | 885 | 1,010 | 819 | -6.7% |
Top Export Markets for Rubber; Unvulcanised, Other than "Camel Back" Strips for Retreading Rubber Tyres from Malaysia in 2022:
- Australia (42.1 tons)
- China (31.4 tons)
- United States (26.8 tons)
- Turkey (21.7 tons)
- Brazil (17.3 tons)
- Indonesia (16.5 tons)
- Canada (9.3 tons)
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