ASEAN: Vulcanised Rubber Erases Market 2024

Vulcanised Rubber Erases Market Size in ASEAN

In 2021, the ASEAN vulcanised rubber erases market decreased by -0.8% to $X, falling for the third year in a row after four years of growth. The market value increased at an average annual rate of +3.2% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Vulcanised Rubber Erases Production in ASEAN

In value terms, vulcanised rubber erases production shrank to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.0% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2015 when the production volume increased by 14%. The level of production peaked at $X in 2020, and then shrank in the following year.

Vulcanised Rubber Erases Exports

Exports in ASEAN

In 2021, vulcanised rubber erases exports in ASEAN stood at X tons, picking up by 8.8% compared with 2020 figures. Over the period under review, exports, however, saw a abrupt decline. The growth pace was the most rapid in 2014 when exports increased by 30% against the previous year. The volume of export peaked at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, vulcanised rubber erases exports surged to $X in 2021. Overall, exports, however, showed a abrupt decrease. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

In 2021, Malaysia (X tons) represented the main exporter of erasers of vulcanised rubber, mixing up 44% of total exports. Thailand (X tons) ranks second in terms of the total exports with a 28% share, followed by Singapore (17%) and Vietnam (9.6%).

From 2012 to 2021, the biggest increases were recorded for Vietnam (with a CAGR of +13.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Malaysia ($X) remains the largest vulcanised rubber erases supplier in ASEAN, comprising 56% of total exports. The second position in the ranking was taken by Singapore ($X), with a 17% share of total exports. It was followed by Thailand, with a 16% share.

In Malaysia, vulcanised rubber erases exports plunged by an average annual rate of -10.2% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Singapore (+3.7% per year) and Thailand (-10.1% per year).

Export Prices by Country

The export price in ASEAN stood at $X per ton in 2021, rising by 6.3% against the previous year. In general, the export price, however, saw a mild descent. The growth pace was the most rapid in 2019 an increase of 11% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Malaysia ($X per ton), while Thailand ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+3.4%), while the other leaders experienced more modest paces of growth.

Vulcanised Rubber Erases Imports

Imports in ASEAN

In 2021, purchases abroad of erasers of vulcanised rubber decreased by -16.2% to X tons, falling for the third year in a row after seven years of growth. Overall, imports showed a perceptible setback. The growth pace was the most rapid in 2017 with an increase of 14%. The volume of import peaked at X tons in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, vulcanised rubber erases imports expanded rapidly to $X in 2021. Over the period under review, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when imports increased by 37%. The level of import peaked at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

Indonesia (X tons), Vietnam (X tons), Thailand (X tons), Malaysia (X tons) and Singapore (X tons) represented roughly 93% of total imports in 2021. The following importers - the Philippines (X tons) and Cambodia (X tons) - together made up 5.6% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Singapore (with a CAGR of +6.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X), Indonesia ($X) and Malaysia ($X) constituted the countries with the highest levels of imports in 2021, with a combined 61% share of total imports.

Vietnam, with a CAGR of +8.8%, saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in ASEAN stood at $X per ton in 2021, picking up by 26% against the previous year. Import price indicated a moderate expansion from 2012 to 2021: its price increased at an average annual rate of +2.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, vulcanised rubber erases import price increased by +77.8% against 2016 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Malaysia ($X per ton), while Cambodia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Philippines (+13.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform