ASEAN: Market for Rubber-to-Metal and Moulded Articles 2025

Market Size for Rubber-to-Metal and Moulded Articles in ASEAN

In 2021, the ASEAN rubber-to-metal and moulded article market decreased by -2.2% to $X, falling for the second year in a row after five years of growth. The market value increased at an average annual rate of +3.0% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Production of Rubber-to-Metal and Moulded Articles in ASEAN

In value terms, rubber-to-metal and moulded article production reduced slightly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.5% from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2016 when the production volume increased by 13% against the previous year. Over the period under review, production hit record highs at $X in 2020, and then declined modestly in the following year.

Exports of Rubber-to-Metal and Moulded Articles

Exports in ASEAN

Rubber-to-metal and moulded article exports surged to X tons in 2021, growing by 22% compared with the year before. The total export volume increased at an average annual rate of +1.3% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, rubber-to-metal and moulded article exports skyrocketed to $X in 2021. In general, exports, however, saw a perceptible decrease. The level of export peaked at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

Thailand represented the key exporting country with an export of about X tons, which accounted for 58% of total exports. It was distantly followed by Malaysia (X tons), Singapore (X tons) and Vietnam (X tons), together comprising a 34% share of total exports. Indonesia (X tons) and the Philippines (X tons) held a relatively small share of total exports.

Thailand experienced a relatively flat trend pattern with regard to volume of exports of rubber-to-metal and moulded articles. At the same time, Singapore (+6.4%), Indonesia (+2.9%), Malaysia (+2.3%) and the Philippines (+1.2%) displayed positive paces of growth. Moreover, Singapore emerged as the fastest-growing exporter exported in ASEAN, with a CAGR of +6.4% from 2012-2021. Vietnam experienced a relatively flat trend pattern. While the share of Singapore (+3.3 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Vietnam (-1.9 p.p.) and Thailand (-3.4 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest rubber-to-metal and moulded article supplying countries in ASEAN were Singapore ($X), Vietnam ($X) and Malaysia ($X), with a combined 77% share of total exports.

In terms of the main exporting countries, Singapore, with a CAGR of +9.1%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the export price in ASEAN amounted to $X per ton, rising by 4.8% against the previous year. Overall, the export price, however, recorded a drastic downturn. The most prominent rate of growth was recorded in 2015 an increase of 25%. Over the period under review, the export prices attained the peak figure at $X per ton in 2017; however, from 2018 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 the Philippines ($X per ton), while Malaysia ($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 (+6.4%), while the other leaders experienced more modest paces of growth.

Imports of Rubber-to-Metal and Moulded Articles

Imports in ASEAN

In 2021, rubber-to-metal and moulded article imports in ASEAN surged to X tons, rising by 17% against the year before. The total import volume increased at an average annual rate of +3.3% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, rubber-to-metal and moulded article imports expanded sharply to $X in 2021. In general, imports, however, recorded a perceptible reduction. Over the period under review, imports attained the maximum at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Thailand (X tons), distantly followed by Vietnam (X tons), Indonesia (X tons), the Philippines (X tons), Malaysia (X tons) and Singapore (X tons) were the largest importers of rubber-to-metal and moulded articles, together achieving 96% of total imports. Cambodia (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by the Philippines (with a CAGR of +15.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest rubber-to-metal and moulded article importing markets in ASEAN were Vietnam ($X), Indonesia ($X) and Malaysia ($X), together comprising 68% of total imports. The Philippines, Singapore and Cambodia lagged somewhat behind, together accounting for a further 31%.

Among the main importing countries, the Philippines, with a CAGR of +16.2%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in ASEAN amounted to $X per ton, shrinking by -5% against the previous year. Overall, the import price saw a abrupt decline. The growth pace was the most rapid in 2017 when the import price increased by 4.4% against the previous year. As a result, import price reached the peak level of $X per ton. From 2018 to 2021, the import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Singapore ($X per ton), while the Philippines ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Indonesia (+1.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform