Thailand - Unvulcanized Rubber - Market Analysis, Forecast, Size, Trends And Insights
Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.
View PricingThailand's Unvulcanized Rubber Exports See Slight Decline to $632 Million in 2023
Thailand Unvulcanized Rubber Exports
In 2023, exports of unvulcanized rubber and articles thereof from Thailand amounted to 246K tons, flattening at the previous year. In general, exports, however, continue to indicate a abrupt curtailment. The pace of growth appeared the most rapid in 2018 when exports increased by 17% against the previous year. The exports peaked at 917K tons in 2014; however, from 2015 to 2023, the exports stood at a somewhat lower figure.
In value terms, unvulcanized rubber exports declined to $632M (IndexBox estimates) in 2023. Overall, exports, however, recorded a deep reduction. The pace of growth was the most pronounced in 2021 when exports increased by 42%. Over the period under review, the exports hit record highs at $2.5B in 2013; however, from 2014 to 2023, the exports stood at a somewhat lower figure.
| COUNTRY | Export Value of Unvulcanized Rubber in Thailand (million USD) | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
| China | 2,085 | 1,534 | 729 | 357 | 358 | 371 | 252 | 236 | 342 | 274 | 222 |
| United States | 17.7 | 16.7 | 24.6 | 28.4 | 42.3 | 49.2 | 54.1 | 58.2 | 105 | 96.6 | 99.7 |
| India | 7.7 | 7.6 | 6.0 | 11.7 | 23.0 | 47.7 | 65.2 | 49.2 | 58.4 | 68.2 | 71.3 |
| Vietnam | 132 | 88.7 | 28.1 | 25.6 | 28.5 | 30.9 | 28.4 | 27.4 | 35.3 | 33.3 | 27.0 |
| Spain | 2.0 | 19.8 | 40.2 | 44.6 | 30.5 | 22.4 | 20.3 | 21.3 | 30.1 | 31.8 | 26.9 |
| Australia | 3.3 | 1.5 | 1.2 | 0.9 | 0.9 | 0.8 | 1.0 | 4.1 | 10.1 | 18.4 | 22.2 |
| Indonesia | 37.3 | 22.1 | 18.2 | 18.0 | 19.4 | 19.2 | 21.6 | 17.9 | 26.9 | 24.3 | 18.9 |
| Malaysia | 82.7 | 23.9 | 36.6 | 9.9 | 6.9 | 6.3 | 8.3 | 8.6 | 10.4 | 11.7 | 9.9 |
| Others | 172 | 180 | 109 | 101 | 157 | 143 | 138 | 157 | 204 | 176 | 134 |
| Total | 2,540 | 1,895 | 994 | 597 | 666 | 691 | 589 | 580 | 822 | 735 | 632 |
Exports by Country
China (94K tons) was the main destination for unvulcanized rubber exports from Thailand, with a 38% share of total exports. Moreover, unvulcanized rubber exports to China exceeded the volume sent to the second major destination, India (40K tons), twofold. The third position in this ranking was held by the United States (30K tons), with a 12% share.
From 2013 to 2023, the average annual rate of growth in terms of volume to China stood at -19.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (+35.1% per year) and the United States (+20.4% per year).
In value terms, China ($222M) remains the key foreign market for unvulcanized rubber and articles thereof exports from Thailand, comprising 35% of total exports. The second position in the ranking was held by the United States ($100M), with a 16% share of total exports. It was followed by India, with an 11% share.
From 2013 to 2023, the average annual rate of growth in terms of value to China stood at -20.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+18.8% per year) and India (+24.9% per year).
Exports by Type
Vulcanised rubber thread and cord (114K tons), compounded rubber, unvulcanised, in primary forms or in plates, sheets or strip (113K tons) and plates, sheets, strip, rods and profile shapes, of vulcanised rubber other than hard rubber (19K tons) were the main products of unvulcanized rubber exports from Thailand, together accounting for 100% of total exports.
From 2013 to 2023, the biggest increases were recorded for plates, sheets, strip, rods and profile shapes, of vulcanised rubber other than hard rubber (with a CAGR of +7.9%), while shipments for the other products experienced mixed trend patterns.
In value terms, vulcanised rubber thread and cord ($280M), compounded rubber, unvulcanised, in primary forms or in plates, sheets or strip ($274M) and plates, sheets, strip, rods and profile shapes, of vulcanised rubber other than hard rubber ($75M) were the most exported types of unvulcanized rubber and articles thereof from Thailand worldwide, with a combined 100% share of total exports.
Plates, sheets, strip, rods and profile shapes, of vulcanised rubber other than hard rubber, with a CAGR of +9.4%, recorded the highest growth rate of the value of exports, in terms of the main product categories over the period under review, while shipments for the other products experienced a decline.
Export Prices by Country
In 2023, the unvulcanized rubber price amounted to $2,564 per ton (FOB, Thailand), reducing by -14.1% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 an increase of 37%. Over the period under review, the average export prices reached the peak figure at $3,045 per ton in 2021; however, from 2022 to 2023, the export prices remained at a 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 Vietnam ($3,594 per ton), while the average price for exports to Malaysia ($1,779 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 Vietnam (+0.3%), while the prices for the other major destinations experienced a decline.
This report provides an in-depth analysis of the unvulcanized 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
- Prodcom 22192019 - Other compounded rubber, unvulcanised, in primary forms or in plates, sheets or strip
- Prodcom 22192030 - Forms and articles of unvulcanised rubber (including rods, t ubes, profile shapes, discs and rings) (excluding camel-back, s trips for retreading tyres)
- Prodcom 22192050 - Vulcanised rubber thread and cord
- Prodcom 22192070 - Plates, sheets and strip of vulcanised rubber
- Prodcom 22192083 - Extruded rods and profile shapes of cellular vulcanised rubber
- Prodcom 22192085 - Plates, sheets, strips for floor covering of solid vulcanised rubber
- Prodcom 22192087 - Extruded solid rubber rods and profiles
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.
-
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
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
-
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
-
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
-
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
-
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
-
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
-
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
