ASEAN: Market for Natural Rubber And Gums 2025

Market Size for Natural Rubber And Gums in ASEAN

The ASEAN natural rubber and gum market was finally on the rise to reach $X in 2022, after four years of decline. Overall, consumption continues to indicate a noticeable reduction. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Production of Natural Rubber And Gums in ASEAN

In value terms, natural rubber and gum production declined to $X in 2022 estimated in export price. Overall, production continues to indicate a deep reduction. The most prominent rate of growth was recorded in 2017 with an increase of 18% against the previous year. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

The countries with the highest volumes of production in 2022 were Thailand (X tons), Indonesia (X tons) and Vietnam (X tons), with a combined 84% share of total production. Malaysia, the Philippines, Cambodia and Myanmar lagged somewhat behind, together comprising a further 14%.

From 2012 to 2022, the biggest increases were recorded for Cambodia (with a CAGR of +19.0%), while production for the other leaders experienced more modest paces of growth.

In 2022, the average yield of natural rubber and gums in ASEAN was estimated at X tons per ha, approximately reflecting the previous year. In general, the yield, however, continues to indicate a slight setback. The most prominent rate of growth was recorded in 2017 when the yield increased by 4.2%. Over the period under review, the natural rubber and gum yield hit record highs at X tons per ha in 2012; however, from 2013 to 2022, the yield remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, approx. X ha of natural rubber and gums were harvested in ASEAN; almost unchanged from 2021 figures. The harvested area increased at an average annual rate of +2.1% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The growth pace was the most rapid in 2014 with an increase of 5.4% against the previous year. Over the period under review, the harvested area dedicated to natural rubber and gum production attained the peak figure at X ha in 2021, and then dropped in the following year.

Exports of Natural Rubber And Gums

Exports in ASEAN

In 2022, shipments abroad of natural rubber and gums decreased by -7.5% to X tons for the first time since 2019, thus ending a two-year rising trend. The total export volume increased at an average annual rate of +3.2% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 with an increase of 12% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2021, and then dropped in the following year.

In value terms, natural rubber and gum exports contracted to $X in 2022. Over the period under review, exports recorded a noticeable curtailment. The pace of growth was the most pronounced in 2017 when exports increased by 40% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Thailand was the main exporter of natural rubber and gums in ASEAN, with the volume of exports recording X tons, which was approx. 77% of total exports in 2022. Vietnam (X tons) took the second position in the ranking, distantly followed by Lao People's Democratic Republic (X tons). All these countries together held approx. 18% share of total exports. Malaysia (X tons) held a relatively small share of total exports.

From 2012 to 2022, average annual rates of growth with regard to natural rubber and gum exports from Thailand stood at +1.5%. At the same time, Lao People's Democratic Republic (+37.5%), Vietnam (+13.6%) and Malaysia (+6.3%) displayed positive paces of growth. Moreover, Lao People's Democratic Republic emerged as the fastest-growing exporter exported in ASEAN, with a CAGR of +37.5% from 2012-2022. Vietnam (+8.4 p.p.) and Lao People's Democratic Republic (+4.5 p.p.) significantly strengthened its position in terms of the total exports, while Thailand saw its share reduced by -13.6% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Thailand ($X) remains the largest natural rubber and gum supplier in ASEAN, comprising 78% of total exports. The second position in the ranking was taken by Vietnam ($X), with a 13% share of total exports. It was followed by Malaysia, with a 5.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Thailand totaled -3.7%. The remaining exporting countries recorded the following average annual rates of exports growth: Vietnam (+7.4% per year) and Malaysia (-2.9% per year).

Export Prices by Country

The export price in ASEAN stood at $X per ton in 2022, which is down by -3.9% against the previous year. Over the period under review, the export price showed a abrupt setback. The most prominent rate of growth was recorded in 2017 an increase of 26% against the previous year. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Malaysia ($X per ton), while Lao People's Democratic Republic ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (-5.1%), while the other leaders experienced a decline in the export price figures.

Imports of Natural Rubber And Gums

Imports in ASEAN

In 2022, imports of natural rubber and gums in ASEAN reduced markedly to X tons, with a decrease of -32.2% against the year before. In general, imports, however, posted a modest expansion. The most prominent rate of growth was recorded in 2017 when imports increased by 74% against the previous year. Over the period under review, imports attained the maximum at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, natural rubber and gum imports totaled $X in 2022. Overall, imports continue to indicate a noticeable curtailment. The most prominent rate of growth was recorded in 2017 with an increase of 34%. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Malaysia prevails in imports structure, amounting to X tons, which was near 88% of total imports in 2022. Indonesia (X tons) ranks second in terms of the total imports with a 5.8% share, followed by Vietnam (5.3%).

Imports into Malaysia increased at an average annual rate of +1.1% from 2012 to 2022. At the same time, Vietnam (+19.9%) and Indonesia (+3.4%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing importer imported in ASEAN, with a CAGR of +19.9% from 2012-2022. Vietnam (+4.3 p.p.) significantly strengthened its position in terms of the total imports, while Malaysia saw its share reduced by -5.1% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Malaysia ($X) constitutes the largest market for imported natural rubber and gums in ASEAN, comprising 91% of total imports. The second position in the ranking was taken by Indonesia ($X), with a 4.6% share of total imports.

In Malaysia, natural rubber and gum imports plunged by an average annual rate of -4.1% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Indonesia (-0.4% per year) and Vietnam (+17.0% per year).

Import Prices by Country

In 2022, the import price in ASEAN amounted to $X per ton, growing by 50% against the previous year. In general, the import price, however, showed a drastic downturn. Over the period under review, import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Average prices varied somewhat amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Malaysia ($X per ton), while Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (-2.5%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform