Asia: Unvulcanized Rubber Market 2024

Unvulcanized Rubber Market Size in Asia

The Asian unvulcanized rubber market totaled $X in 2023, increasing by X% against the previous year. The total consumption indicated moderate growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption decreased by X% against 2021 indices. The level of consumption peaked at $X in 2021; however, from 2022 to 2023, consumption failed to regain momentum.

Unvulcanized Rubber Production in Asia

In value terms, unvulcanized rubber production totaled $X in 2023 estimated in export price. The total production indicated a temperate expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production decreased by X% against 2021 indices. The growth pace was the most rapid in 2020 with an increase of X%. Over the period under review, production attained the maximum level at $X in 2021; however, from 2022 to 2023, production stood at a somewhat lower figure.

Unvulcanized Rubber Exports

Exports in Asia

In 2023, the amount of unvulcanized rubber and articles thereof exported in Asia rose to X tons, with an increase of X% compared with 2022 figures. Over the period under review, exports, however, continue to indicate a abrupt downturn. The pace of growth appeared the most rapid in 2021 when exports increased by X%. The volume of export peaked 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. Overall, exports, however, continue to indicate a abrupt decrease. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2023, the exports remained at a lower figure.

Exports by Country

China (X tons) and Thailand (X tons) represented roughly X% of total exports in 2023. Malaysia (X tons) held the next position in the ranking, followed by Turkey (X tons), India (X tons), Japan (X tons) and South Korea (X tons). All these countries together held near X% share of total exports.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by India (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

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

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

Export Prices by Country

In 2023, the export price in Asia amounted to $X per ton, shrinking by X% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2016 an increase of X% against the previous year. The level of export 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 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

In 2023, imports of unvulcanized rubber and articles thereof in Asia rose to X tons, picking up by X% against 2022. Over the period under review, imports, however, saw a abrupt setback. The pace of growth was the most pronounced in 2021 with an increase of X%. 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 fell to $X in 2023. Overall, imports, however, continue to indicate a deep reduction. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2023, imports failed to regain momentum.

Imports by Country

India (X tons) and China (X tons) represented the largest importers of unvulcanized rubber and articles thereof in 2023, recording approx. X% and X% of total imports, respectively. Vietnam (X tons) held an X% share (based on physical terms) of total imports, which put it in second place, followed by Turkey (X%) and Malaysia (X%). The following importers - South Korea (X tons), Thailand (X tons), the Philippines (X tons), Indonesia (X tons), Japan (X tons), Bangladesh (X tons), the United Arab Emirates (X tons) and Taiwan (Chinese) (X tons) - together made up X% 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) were the countries with the highest levels of imports in 2023, together accounting for X% of total imports.

In terms of the main importing countries, Vietnam, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the import price in Asia amounted to $X per ton, with a decrease of X% against the previous year. In general, the import price recorded a slight setback. The growth pace was the most rapid in 2016 an increase of X%. Over the period under review, import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2023, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: 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