Asia-Pacific: Unvulcanized Rubber Market 2024

Unvulcanized Rubber Market Size in Asia-Pacific

The Asia-Pacific unvulcanized rubber market was estimated at $X in 2023, remaining constant against the previous year. The market value increased at an average annual rate of X% from 2012 to 2023; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. As a result, consumption attained the peak level of $X. From 2019 to 2023, the growth of the market remained at a lower figure.

Unvulcanized Rubber Production in Asia-Pacific

In value terms, unvulcanized rubber production expanded to $X in 2023 estimated in export price. Over the period under review, production saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 with an increase of X%. The level of production peaked at $X in 2018; however, from 2019 to 2023, production stood at a somewhat lower figure.

Unvulcanized Rubber Exports

Exports in Asia-Pacific

In 2023, the amount of unvulcanized rubber and articles thereof exported in Asia-Pacific was estimated at X tons, picking up by X% compared with the year before. Overall, exports, however, saw a abrupt downturn. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2013; however, from 2014 to 2023, the exports remained at a lower figure.

In value terms, unvulcanized rubber exports contracted to $X in 2023. Over the period under review, exports, however, recorded a abrupt decrease. The pace of growth was the most pronounced in 2021 with an increase of X%. The level of export peaked at $X in 2012; however, from 2013 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

In 2023, China (X tons) and Thailand (X tons) represented the key exporters of unvulcanized rubber and articles thereof in Asia-Pacific, together resulting at approx. X% of total exports. It was distantly followed by Malaysia (X tons), India (X tons), Japan (X tons) and South Korea (X tons), together constituting a X% share of total exports. Indonesia (X tons) followed a long way behind the leaders.

From 2012 to 2023, the biggest increases were recorded for India (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest unvulcanized rubber supplying countries in Asia-Pacific were China ($X), Thailand ($X) and Japan ($X), together accounting for X% of total exports.

In terms of the main exporting countries, China, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Asia-Pacific stood at $X per ton in 2023, with a decrease of X% against the previous year. In general, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the export price increased by X% against the previous year. Over the period under review, the export prices reached the maximum at $X per ton in 2022, and then shrank remarkably in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Japan ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by China (X%), while the other leaders experienced mixed trends in the export price figures.

Unvulcanized Rubber Imports

Imports in Asia-Pacific

For the third consecutive year, Asia-Pacific recorded growth in purchases abroad of unvulcanized rubber and articles thereof, which increased by X% to X tons in 2023. In general, imports, however, continue to indicate a deep reduction. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. The volume of import peaked at X tons in 2014; however, from 2015 to 2023, imports failed to regain momentum.

In value terms, unvulcanized rubber imports shrank to $X in 2023. Over the period under review, imports, however, saw a abrupt setback. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2023, imports stood at a somewhat lower figure.

Imports by Country

India (X tons) and China (X tons) represented roughly X% of total imports in 2023. It was distantly followed by Vietnam (X tons), Malaysia (X tons), South Korea (X tons) and Thailand (X tons), together achieving a X% share of total imports. Australia (X tons), the Philippines (X tons), Indonesia (X tons), Japan (X tons), Bangladesh (X tons), Taiwan (Chinese) (X tons) and Singapore (X tons) held a little share of total imports.

From 2012 to 2023, the biggest increases were recorded for the Philippines (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Vietnam ($X) and India ($X) appeared to be the countries with the highest levels of imports in 2023, with a combined X% share of total imports.

Vietnam, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Asia-Pacific stood at $X per ton in 2023, shrinking by X% against the previous year. In general, the import price continues to indicate a mild slump. The pace of growth appeared the most rapid in 2016 an increase of X%. The level of import peaked at $X per ton in 2022, and then contracted in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Japan ($X per ton), while India ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Vietnam (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform