ASEAN: Non-Reinforced Rubber Tubing Market 2024

Non-Reinforced Rubber Tubing Market Size in ASEAN

The ASEAN non-reinforced rubber tubing market reached $X in 2021, growing by 4.4% against the previous year. The total consumption indicated a tangible increase from 2012 to 2021: its value increased at an average annual rate of +4.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -7.8% against 2019 indices. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Non-Reinforced Rubber Tubing Production in ASEAN

In value terms, non-reinforced rubber tubing production rose to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.0% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2014 with an increase of 12% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Non-Reinforced Rubber Tubing Exports

Exports in ASEAN

In 2021, the amount of rubber tubing not reinforced exported in ASEAN shrank to X tons, with a decrease of -1.7% compared with the year before. Over the period under review, exports recorded a pronounced downturn. The most prominent rate of growth was recorded in 2014 when exports increased by 11%. Over the period under review, the exports reached the maximum at X tons in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

In value terms, non-reinforced rubber tubing exports amounted to $X in 2021. The total export value increased at an average annual rate of +1.6% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2014 with an increase of 25% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

Exports by Country

Thailand represented the largest exporting country with an export of around X tons, which reached 55% of total exports. Malaysia (X tons) ranks second in terms of the total exports with a 34% share, followed by Singapore (4.8%). Vietnam (X tons) and Indonesia (X tons) held a little share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Indonesia (with a CAGR of +8.8%), while the other leaders experienced a decline in the exports figures.

In value terms, Thailand ($X) remains the largest non-reinforced rubber tubing supplier in ASEAN, comprising 71% of total exports. The second position in the ranking was held by Malaysia ($X), with an 18% share of total exports. It was followed by Singapore, with a 4.1% share.

In Thailand, non-reinforced rubber tubing exports increased at an average annual rate of +2.6% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Malaysia (-0.1% per year) and Singapore (-7.5% per year).

Export Prices by Country

The export price in ASEAN stood at $X per ton in 2021, growing by 3.2% against the previous year. Over the last nine-year period, it increased at an average annual rate of +3.7%. The pace of growth appeared the most rapid in 2014 an increase of 12% against the previous year. Over the period under review, the export prices hit record highs in 2021 and is likely to see gradual growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Thailand ($X per ton), while Malaysia ($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 (+4.5%), while the other leaders experienced more modest paces of growth.

Non-Reinforced Rubber Tubing Imports

Imports in ASEAN

In 2021, non-reinforced rubber tubing imports in ASEAN rose sharply to X tons, with an increase of 6.7% against 2020 figures. The total import volume increased at an average annual rate of +1.6% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2018 when imports increased by 14%. The volume of import peaked at X tons in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, non-reinforced rubber tubing imports rose sharply to $X in 2021. Overall, imports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2018 when imports increased by 26%. As a result, imports reached the peak of $X. From 2019 to 2021, the growth of imports failed to regain momentum.

Imports by Country

Vietnam (X tons), Thailand (X tons), Indonesia (X tons), Malaysia (X tons), Singapore (X tons) and the Philippines (X tons) represented roughly 96% of total imports in 2021. Cambodia (X tons) took a little share of total imports.

From 2012 to 2021, the biggest increases were recorded for the Philippines (with a CAGR of +15.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest non-reinforced rubber tubing importing markets in ASEAN were Vietnam ($X), Thailand ($X) and Malaysia ($X), together accounting for 66% of total imports. Indonesia, Singapore, the Philippines and Cambodia lagged somewhat behind, together comprising a further 32%.

The Philippines, with a CAGR of +16.2%, 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, standing approx. at the previous year. In general, the import price continues to indicate a mild contraction. The most prominent rate of growth was recorded in 2018 an increase of 11% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (+3.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform