Thailand - Unvulcanised Rubber - Market Analysis, Forecast, Size, Trends And Insights
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View PricingThailand Sees a Significant Decrease in Unvulcanised Rubber Exports, Dropping to $249M in 2023.
Thailand Unvulcanised Rubber Exports
In 2023, the amount of unvulcanised rubber exported from Thailand reached 101K tons, with an increase of 2.8% compared with 2022. Overall, exports, however, showed a slight reduction. The most prominent rate of growth was recorded in 2021 when exports increased by 25% against the previous year. The exports peaked at 144K tons in 2014; however, from 2015 to 2023, the exports stood at a somewhat lower figure.
In value terms, unvulcanised rubber exports fell to $249M (IndexBox estimates) in 2023. Over the period under review, exports, however, showed a perceptible decline. The most prominent rate of growth was recorded in 2021 with an increase of 47%. Over the period under review, the exports reached the maximum at $332M in 2013; however, from 2014 to 2023, the exports remained at a lower figure.
| COUNTRY | Export Value of Unvulcanised Rubber in Thailand (million USD) | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
| India | 0.5 | 0.1 | 0.2 | 5.7 | 14.2 | 33.5 | 51.2 | 39.3 | 48.2 | 58.3 | 64.1 |
| United States | 5.5 | 7.2 | 17.5 | 22.7 | 36.0 | 42.9 | 49.3 | 50.3 | 95.0 | 84.2 | 61.0 |
| China | 288 | 222 | 146 | 138 | 151 | 117 | 48.3 | 46.7 | 51.4 | 36.0 | 31.6 |
| Spain | N/A | 17.6 | 38.5 | 43.1 | 28.5 | 20.5 | 18.5 | 19.2 | 27.7 | 29.9 | 25.3 |
| Australia | N/A | N/A | N/A | N/A | N/A | N/A | 0.1 | 3.3 | 9.3 | 17.2 | 21.2 |
| Italy | N/A | N/A | N/A | 1.0 | 19.7 | 10.8 | 8.6 | 10.8 | 13.2 | 5.8 | 13.6 |
| Netherlands | 0.5 | 23.3 | N/A | N/A | 13.1 | 10.2 | 13.3 | 11.2 | 12.5 | 6.5 | 8.8 |
| Japan | 31.6 | 31.1 | 8.2 | 0.1 | 0.3 | 0.1 | 0.9 | 1.4 | 1.4 | 1.0 | 1.0 |
| Others | 6.2 | 5.0 | 8.0 | 17.7 | 19.2 | 23.2 | 16.8 | 23.8 | 44.3 | 40.1 | 22.4 |
| Total | 332 | 306 | 219 | 229 | 282 | 258 | 207 | 206 | 303 | 279 | 249 |
Exports by Country
India (38K tons) was the main destination for unvulcanised rubber exports from Thailand, with a 38% share of total exports. Moreover, unvulcanised rubber exports to India exceeded the volume sent to the second major destination, the United States (17K tons), twofold. The third position in this ranking was taken by China (15K tons), with a 15% share.
From 2013 to 2023, the average annual growth rate of volume to India stood at +74.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+26.0% per year) and China (-17.6% per year).
In value terms, India ($64M), the United States ($61M) and China ($32M) were the largest markets for unvulcanised rubber exported from Thailand worldwide, together comprising 63% of total exports. Spain, Australia, Italy, the Netherlands and Japan lagged somewhat behind, together accounting for a further 28%.
Italy, with a CAGR of +520.4%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.
Export Prices by Country
In 2023, the unvulcanised rubber price amounted to $2,458 per ton (FOB, Thailand), shrinking by -13.2% against the previous year. Overall, the export price showed a slight downturn. The pace of growth appeared the most rapid in 2017 an increase of 33% against the previous year. Over the period under review, the average export prices hit record highs at $2,934 per ton in 2021; however, from 2022 to 2023, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major foreign markets. In 2023, amid the top suppliers, the country with the highest price was Japan ($4,348 per ton), while the average price for exports to India ($1,672 per ton) was amongst the lowest.
From 2013 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+13.6%), while the prices for the other major destinations experienced more modest paces of growth.
This report provides an in-depth analysis of the unvulcanised rubber market 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:
- Prodcom 22192013 - Rubber compounded with carbon black or silica, unvulcanised
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
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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 2012–2024
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2024
- 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 2024
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Per Capita Consumption In 2012-2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
- Trade Balance, In Physical Terms, 2012-2024
- Trade Balance, In Value Terms, 2012-2024
- Per Capita Consumption, 2012-2024
- 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, 2012–2024
- Production, In Value Terms, 2012–2024
- Imports, In Physical Terms, 2012–2024
- Imports, In Value Terms, 2012–2024
- Imports, In Physical Terms, By Country, 2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, 2012–2024
- Exports, In Value Terms, 2012–2024
- Exports, In Physical Terms, By Country, 2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
