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World - Natural Rubber And Gums - Market Analysis, Forecast, Size, Trends and Insights
Report Update: Nov 1, 2024

World - Natural Rubber And Gums - Market Analysis, Forecast, Size, Trends and Insights

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Jul 7, 2021

Rising Output to Calm Down a Price Rally on the Global Natural Rubber Market

IndexBox has just published a new report: 'World - Natural Rubber And Gums - Market Analysis, Forecast, Size, Trends and Insights'. Here is a summary of the report's key findings.

In the beginning of 2021, demand for natural rubber spiked and prices for rubber increased due to a quick rebound in China's tire manufacturing and the heightened need for latex gloves during the pandemic. Rubber production is projected to climb up this year in line with rising demand, slowing down the price growth. There is a risk that droughts in Malaysia, Thailand and Indonesia will create a supply shortage in the market and enable the prices to soar again.

Key Trends and Insights

According to the Association of Natural Rubber Producing Countries (ANRPC) and the Malaysian Rubber Board (MRB), global demand for natural rubber will grow by 7% y-o-y in 2021. This gain will be possible due to heightened demand from the rebounding rubber and tire industries as well as the increased need for latex gloves due to the pandemic. Production is projected to rise by 6% and balance out supply and demand and as a result, maintaining prices stability. At the same time, there is a risk that possible droughts in Malaysia, Thailand and Indonesia could prompt a decrease in rubber tree yield and threaten a shortfall in the market.

At the beginning of 2021, renewed demand from the rubber and tire industries in China caused prices for natural rubber to skyrocket. According to the World Bank, in May 2021 the average price for Rubber RSS3 reached $2.29 per kg, surpassing the 2020 yearly average of $1.73 per kg. The price for Rubber TSR20 rose to $1.69 per kg with a yearly average of $1.33 per kg in 2020.

Unlike in China, the U.S. is experiencing a slower recovery in the tire industry but the rebound will also bolster the global market for natural rubber. The U.S. Tire Manufacturers Association predicts that as of year-end 2021, shipments of tires in the U.S. will grow by 4.1% in comparison to 2020 but their overall amount won't reach 2019 levels.

High demand for latex gloves during the pandemic will be one of the key factors leading to expansion for the natural rubber market this year. In 2020, a shock in demand caused latex gloves and medical equipment exports from Malaysia to increase by 95%. As the pandemic winds down, this element will gradually recede into the background but should remain influential for at least another few years.

Global Natural Rubber Consumption

The global natural rubber and gum market rose sharply to $24.1B in 2020 (IndexBox estimates), increasing by 7.6% against the previous year. The figures hereinafter refer to solely the natural rubber latex in primary forms and reflect the total revenues of producers and importers excluding logistics costs, indirect taxes, or intermediary margins.

The countries with the highest volumes of natural rubber and gum consumption in 2020 were Thailand (4.6M tons), Indonesia (3.5M tons) and China (1.4M tons), with a combined 60% share of global consumption. Malaysia, Vietnam, India and Cote d'Ivoire lagged somewhat behind, together comprising a further 26%.

From 2012 to 2020, the most notable rate of growth in terms of natural rubber and gum consumption, amongst the key consuming countries, was attained by Cote d'Ivoire, while natural rubber and gum consumption for the other global leaders experienced more modest paces of growth.

In value terms, Thailand ($6.1B), Indonesia ($5.2B) and China ($1.8B) constituted the countries with the highest levels of market value in 2020, together accounting for 54% of the global market. Malaysia, India, Vietnam and Cote d'Ivoire lagged somewhat behind, together comprising a further 24%.

The countries with the highest levels of natural rubber and gum per capita consumption in 2020 were Thailand (65 kg per person), Malaysia (38 kg per person) and Cote d'Ivoire (28 kg per person).

Global Natural Rubber Imports

In 2020, purchases abroad of natural rubber and gums decreased by -0.2% to 1.6M tons. In value terms, natural rubber and gum imports amounted to $1.8B in 2020.

Malaysia (701K tons) and China (570K tons) prevails in natural rubber and gum import structure, together constituting 77% of total imports. The following importers - the U.S. (37K tons) and the Netherlands (25K tons) - each finished at a 3.8% share of total imports.

In value terms, China ($634M), Malaysia ($629M) and the U.S. ($52M) appeared to be the countries with the highest levels of imports in 2020, with a combined 75% share of the global imports.

Global Imports of Natural Rubber, TSNR, Gutta-Percha and Similar Gums in Primary Forms by Country

For the third year in a row, the global market recorded a decline in overseas purchases of natural rubber, TSNR, gutta-percha and similar gums in primary forms or in plates, sheets or strips, which decreased by -10.8% to 8.4M tons in 2020. In value terms, imports of natural rubber, TSNR, gutta-percha and similar gums in primary forms or in plates, sheets or strips contracted to $12.1B in 2020.

In 2020, China (2.3M tons), distantly followed by Malaysia (1,131K tons), the U.S. (804K tons) and Japan (560K tons) were the largest importers of natural rubber, TSNR, gutta-percha and similar gums in primary forms or in plates, sheets or strips, together committing 57% of total imports. India (378K tons), Vietnam (334K tons), South Korea (308K tons), Germany (226K tons), Brazil (224K tons), Turkey (214K tons), Spain (166K tons) and Russia (143K tons) followed a long way behind the leaders.

In value terms, China ($3.1B) constitutes the largest market for imported natural rubber, TSNR, gutta-percha and similar gums in primary forms or in plates, sheets or strips worldwide, comprising 25% of global imports. The second position in the ranking was occupied by Malaysia ($1.4B), with an 11% share of global imports. It was followed by the U.S., with an 11% share.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the global market for natural rubber and gum. 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:

  • FCL 836 - Natural rubber

Country coverage:

Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:

+ the largest producing countries

Data coverage:

  • Global market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Global production, split by region and country
  • Global trade (exports and imports)
  • 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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. CONSUMPTION BY COUNTRY
    3. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 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
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. COUNTRIES WITH TOP YIELDS
    4. TOP EXPORTING COUNTRIES
    5. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. GLOBAL PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
    2. PRODUCTION BY COUNTRY
    3. HARVESTED AREA AND YIELD BY COUNTRY

  8. 8. GLOBAL IMPORTS

    The Largest Importers on The Market and How They Succeed

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. GLOBAL EXPORTS

    The Largest Exporters on The Market and How They Succeed

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. 11. COUNTRY PROFILES

    The Largest Markets And Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
    • United States
    • China
    • Japan
    • Germany
    • United Kingdom
    • France
    • Brazil
    • Italy
    • Russian Federation
    • India
    • Canada
    • Australia
    • Republic of Korea
    • Spain
    • Mexico
    • Indonesia
    • Netherlands
    • Turkey
    • Saudi Arabia
    • Switzerland
    • Sweden
    • Nigeria
    • Poland
    • Belgium
    • Argentina
    • Norway
    • Austria
    • Thailand
    • United Arab Emirates
    • Colombia
    • Denmark
    • South Africa
    • Malaysia
    • Israel
    • Singapore
    • Egypt
    • Philippines
    • Finland
    • Chile
    • Ireland
    • Pakistan
    • Greece
    • Portugal
    • Kazakhstan
    • Algeria
    • Czech Republic
    • Qatar
    • Peru
    • Romania
    • Vietnam

  12. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption, By Country, 2018–2023
    5. Production, In Physical Terms, By Country, 2012–2023
    6. Harvested Area, By Country, 2012-2023
    7. Yield, By Country, 2012-2023
    8. Imports, In Physical Terms, By Country, 2012–2023
    9. Imports, In Value Terms, By Country, 2012–2023
    10. Import Prices, By Country Of Destination, 2012–2023
    11. Exports, In Physical Terms, By Country, 2012–2023
    12. Exports, In Value Terms, By Country, 2012–2023
    13. Export Prices, By Country Of Origin, 2012–2023

  13. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Consumption, By Country, 2023
    4. Market Volume Forecast to 2030
    5. Market Value Forecast to 2030
    6. Products: Market Size And Growth, By Type
    7. Products: Average Per Capita Consumption, By Type
    8. Products: Exports And Growth, By Type
    9. Products: Export Prices And Growth, By Type
    10. Production Volume And Growth
    11. Yield And Growth
    12. Exports And Growth
    13. Export Prices And Growth
    14. Market Size And Growth
    15. Per Capita Consumption
    16. Imports And Growth
    17. Import Prices
    18. Production, In Physical Terms, 2012–2023
    19. Production, In Value Terms, 2012–2023
    20. Area Harvested, 2012–2023
    21. Yield, 2012–2023
    22. Production, By Country, 2023
    23. Production, In Physical Terms, By Country, 2012–2023
    24. Harvested Area, By Country, 2023
    25. Harvested Area, By Country, 2012-2023
    26. Yield, By Country, 2012-2023
    27. Imports, In Physical Terms, 2012–2023
    28. Imports, In Value Terms, 2012–2023
    29. Imports, In Physical Terms, By Country, 2023
    30. Imports, In Physical Terms, By Country, 2012–2023
    31. Imports, In Value Terms, By Country, 2012–2023
    32. Import Prices, By Country, 2012–2023
    33. Exports, In Physical Terms, 2012–2023
    34. Exports, In Value Terms, 2012–2023
    35. Exports, In Physical Terms, By Country, 2023
    36. Exports, In Physical Terms, By Country, 2012–2023
    37. Exports, In Value Terms, By Country, 2012–2023
    38. Export Prices, 2012–2023

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