ASEAN: Prepared Rubber Accelerators Market 2024

Prepared Rubber Accelerators Market Size in ASEAN

In 2021, the ASEAN prepared rubber accelerators market was finally on the rise to reach $X after two years of decline. The total consumption indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +8.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Prepared Rubber Accelerators Production in ASEAN

In value terms, prepared rubber accelerators production stood at $X in 2021 estimated in export price. The total production indicated a perceptible increase from 2012 to 2021: its value increased at an average annual rate of +4.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -10.7% against 2019 indices. The most prominent rate of growth was recorded in 2019 when the production volume increased by 44% against the previous year. As a result, production reached the peak level of $X. From 2020 to 2021, production growth failed to regain momentum.

Prepared Rubber Accelerators Exports

Exports in ASEAN

In 2021, shipments abroad of prepared rubber accelerators increased by 25% to X tons, rising for the second consecutive year after three years of decline. Total exports indicated a strong increase from 2012 to 2021: its volume increased at an average annual rate of +9.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +32.1% against 2019 indices. The pace of growth appeared the most rapid in 2015 with an increase of 26%. Over the period under review, the exports reached the peak figure in 2021 and are expected to retain growth in the near future.

In value terms, prepared rubber accelerators exports skyrocketed to $X in 2021. Total exports indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +7.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Malaysia prevails in exports structure, accounting for X tons, which was near 88% of total exports in 2021. It was distantly followed by Thailand (X tons), creating a 7.9% share of total exports. Singapore (X tons) took a relatively small share of total exports.

Malaysia was also the fastest-growing in terms of the prepared rubber accelerators exports, with a CAGR of +10.3% from 2012 to 2021. At the same time, Thailand (+8.5%) displayed positive paces of growth. By contrast, Singapore (-7.6%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Malaysia increased by +9 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Malaysia ($X) remains the largest prepared rubber accelerators supplier in ASEAN, comprising 84% of total exports. The second position in the ranking was held by Thailand ($X), with an 8.1% share of total exports.

In Malaysia, prepared rubber accelerators exports expanded at an average annual rate of +9.2% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Thailand (+11.2% per year) and Singapore (-5.4% per year).

Export Prices by Country

In 2021, the export price in ASEAN amounted to $X per ton, rising by 14% against the previous year. Over the period under review, the export price, however, showed a slight shrinkage. The level of export peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a 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 Singapore ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+2.5%), while the other leaders experienced mixed trends in the export price figures.

Prepared Rubber Accelerators Imports

Imports in ASEAN

In 2021, imports of prepared rubber accelerators in ASEAN soared to X tons, increasing by 21% on the year before. Total imports indicated buoyant growth from 2012 to 2021: its volume increased at an average annual rate of +8.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +40.3% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, prepared rubber accelerators imports surged to $X in 2021. Total imports indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +8.7% over the last nine-year period. The trend pattern, however, 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.

Imports by Country

Thailand (X tons), Indonesia (X tons) and Vietnam (X tons) represented roughly 90% of total imports in 2021. It was distantly followed by Malaysia (X tons), constituting a 7.3% share of total imports. The Philippines (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 leading importing countries, was attained by Thailand (with a CAGR of +12.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Thailand ($X), Indonesia ($X) and Vietnam ($X) appeared to be the countries with the highest levels of imports in 2021, with a combined 89% share of total imports.

In terms of the main importing countries, Vietnam, with a CAGR of +13.0%, recorded the highest growth rate of 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

The import price in ASEAN stood at $X per ton in 2021, with an increase of 19% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. Over the period under review, import prices reached the maximum at $X per ton in 2018; afterwards, it flattened through to 2021.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Philippines (+2.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform