Thailand - Vulcanised Rubber Thread And Cord - Market Analysis, Forecast, Size, Trends And Insights
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View PricingThailand's Export of Rubber Thread Plummets to $280M in 2023
Thailand Vulcanised Rubber Thread Exports
In 2023, overseas shipments of vulcanised rubber thread and cord decreased by -9.1% to 114K tons, falling for the second year in a row after nine years of growth. The total export volume increased at an average annual rate of +2.2% over the period from 2013 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by 16%. As a result, the exports attained the peak of 141K tons. From 2022 to 2023, the growth of the exports remained at a lower figure.
In value terms, vulcanised rubber thread exports fell notably to $280M (IndexBox estimates) in 2023. Over the period under review, exports recorded a slight curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 47%. As a result, the exports attained the peak of $439M. From 2022 to 2023, the growth of the exports remained at a somewhat lower figure.
| COUNTRY | Export Value of Vulcanised Rubber Thread in Thailand (million USD) | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
| China | 82.3 | 90.0 | 137 | 134 | 172 | 176 | 184 | 172 | 276 | 233 | 186 |
| Vietnam | 118 | 73.0 | 13.6 | 8.9 | 11.1 | 12.8 | 12.2 | 13.3 | 18.6 | 16.8 | 10.7 |
| Indonesia | 11.8 | 8.3 | 8.0 | 8.9 | 10.4 | 8.3 | 9.5 | 9.4 | 15.3 | 12.0 | 8.1 |
| Iran | 6.7 | 3.7 | 4.7 | 5.0 | 6.6 | 5.5 | 6.5 | 9.5 | 5.9 | 10.9 | 7.0 |
| Bangladesh | 2.4 | 2.8 | 2.0 | 2.9 | 4.4 | 4.5 | 5.8 | 7.0 | 13.1 | 13.3 | 5.1 |
| Italy | 6.1 | 8.4 | 8.7 | 7.2 | 9.3 | 7.7 | 7.1 | 7.0 | 6.9 | 8.5 | 5.0 |
| Brazil | 11.4 | 8.9 | 5.9 | 4.6 | 6.7 | 5.7 | 6.4 | 8.1 | 9.7 | 7.9 | 4.6 |
| South Korea | 9.2 | 8.6 | 7.0 | 6.1 | 7.5 | 7.4 | 5.8 | 5.1 | 8.1 | 5.4 | 3.9 |
| Others | 75.7 | 68.9 | 58.9 | 56.7 | 67.4 | 59.9 | 56.4 | 67.8 | 85.7 | 72.2 | 49.7 |
| Total | 323 | 273 | 246 | 235 | 295 | 288 | 294 | 299 | 439 | 380 | 280 |
Exports by Country
China (77K tons) was the main destination for vulcanised rubber thread exports from Thailand, accounting for a 68% share of total exports. Moreover, vulcanised rubber thread exports to China exceeded the volume sent to the second major destination, Vietnam (4.3K tons), more than tenfold. The third position in this ranking was taken by Indonesia (3.6K tons), with a 3.1% share.
From 2013 to 2023, the average annual growth rate of volume to China amounted to +12.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (-18.6% per year) and Indonesia (+0.4% per year).
In value terms, China ($186M) remains the key foreign market for vulcanised rubber thread and cord exports from Thailand, comprising 66% of total exports. The second position in the ranking was held by Vietnam ($11M), with a 3.8% share of total exports. It was followed by Indonesia, with a 2.9% share.
From 2013 to 2023, the average annual growth rate of value to China stood at +8.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (-21.3% per year) and Indonesia (-3.7% per year).
Export Prices by Country
In 2023, the vulcanised rubber thread price amounted to $2,460 per ton (FOB, Thailand), dropping by -19% against the previous year. In general, the export price recorded a noticeable downturn. The most prominent rate of growth was recorded in 2021 an increase of 27% against the previous year. The export price peaked at $3,514 per ton in 2013; however, from 2014 to 2023, the export prices failed to regain momentum.
Average prices varied somewhat for the major export markets. In 2023, amid the top suppliers, the countries with the highest prices were Iran ($2,949 per ton) and Turkey ($2,826 per ton), while the average price for exports to Indonesia ($2,264 per ton) and Bangladesh ($2,359 per ton) were amongst the lowest.
From 2013 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Iran (-1.7%), while the prices for the other major destinations experienced a decline.
This report provides an in-depth analysis of the vulcanised rubber thread 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 22192050 - Vulcanised rubber thread and cord
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
