ASEAN: Market for Tubes, Pipes And Hoses Of Vulcanized Rubber 2024

Market Size for Tubes, Pipes And Hoses Of Vulcanized Rubber in ASEAN

The ASEAN rubber tube and pipe market stood at $X in 2021, remaining relatively unchanged against the previous year. The market value increased at an average annual rate of +2.7% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the peak level in 2021 and is likely to see steady growth in years to come.

Production of Tubes, Pipes And Hoses Of Vulcanized Rubber in ASEAN

In value terms, rubber tube and pipe production reached $X in 2021 estimated in export price. The total production indicated measured growth from 2012 to 2021: its value increased at an average annual rate of +4.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -0.6% against 2019 indices. The most prominent rate of growth was recorded in 2018 with an increase of 30%. The level of production peaked at $X in 2019; afterwards, it flattened through to 2021.

Exports of Tubes, Pipes And Hoses Of Vulcanized Rubber

Exports in ASEAN

In 2021, shipments abroad of tubes, pipes and hoses of vulcanized rubber increased by 20% to X tons for the first time since 2018, thus ending a two-year declining trend. The total export volume increased at an average annual rate of +2.0% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2017 with an increase of 34%. Over the period under review, the exports attained the maximum at X tons in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, rubber tube and pipe exports surged to $X in 2021. The total export value increased at an average annual rate of +3.7% over the period 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 2017 with an increase of 23% against the previous year. The level of export peaked at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

In 2021, Thailand (X tons) and Malaysia (X tons) were the major exporters of tubes, pipes and hoses of vulcanized rubber in ASEAN, together committing 78% of total exports. It was distantly followed by Singapore (X tons) and Indonesia (X tons), together committing an 18% share of total exports. Vietnam (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 main exporting countries, was attained by Vietnam (with a CAGR of +10.0%), while the other leaders experienced more modest paces of growth.

In value terms, Thailand ($X) remains the largest rubber tube and pipe supplier in ASEAN, comprising 52% of total exports. The second position in the ranking was held by Malaysia ($X), with a 23% share of total exports. It was followed by Singapore, with a 12% share.

In Thailand, rubber tube and pipe exports increased at an average annual rate of +5.5% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Malaysia (+2.0% per year) and Singapore (-1.8% per year).

Export Prices by Country

In 2021, the export price in ASEAN amounted to $X per ton, with an increase of 1.7% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.7%. The pace of growth was the most pronounced in 2015 an increase of 15%. As a result, the export price reached the peak level of $X per ton; afterwards, it flattened through to 2021.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+4.9%), while the other leaders experienced more modest paces of growth.

Imports of Tubes, Pipes And Hoses Of Vulcanized Rubber

Imports in ASEAN

In 2021, purchases abroad of tubes, pipes and hoses of vulcanized rubber increased by 40% to X tons for the first time since 2018, thus ending a two-year declining trend. In general, imports continue to indicate a relatively flat trend pattern. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, rubber tube and pipe imports skyrocketed to $X in 2021. Overall, imports, however, recorded a relatively flat trend pattern. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Indonesia (X tons), Thailand (X tons), the Philippines (X tons) and Singapore (X tons) represented the main importer of tubes, pipes and hoses of vulcanized rubber in ASEAN, comprising 76% of total import. It was distantly followed by Malaysia (X tons) and Vietnam (X tons), together making up a 20% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by the Philippines (with a CAGR of +20.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Thailand ($X), Indonesia ($X) and Singapore ($X) were the countries with the highest levels of imports in 2021, with a combined 65% share of total imports. Vietnam, Malaysia and the Philippines lagged somewhat behind, together accounting for a further 32%.

The Philippines, with a CAGR of +16.6%, saw the highest rates of growth with regard to 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, waning by -2.8% against the previous year. In general, the import price recorded a mild slump. The pace of growth appeared the most rapid in 2017 when the import price increased by 8.6%. The level of import peaked 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 ($X per ton), while the Philippines ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (+3.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform