ASEAN: Market for Vulcanised Cellular Rubber Articles For Technical Uses 2024

Market Size for Vulcanised Cellular Rubber Articles For Technical Uses in ASEAN

In 2021, the ASEAN vulcanised cellular rubber articles market decreased by -17.6% to $X for the first time since 2018, thus ending a two-year rising trend. The total consumption indicated a tangible expansion from 2012 to 2021: its value increased at an average annual rate of +3.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +28.5% against 2018 indices. As a result, consumption attained the peak level of $X, and then shrank significantly in the following year.

Production of Vulcanised Cellular Rubber Articles For Technical Uses in ASEAN

In value terms, vulcanised cellular rubber articles production shrank dramatically to $X in 2021 estimated in export price. Overall, production, however, recorded a tangible expansion. The most prominent rate of growth was recorded in 2020 when the production volume increased by 49%. As a result, production attained the peak level of $X, and then contracted dramatically in the following year.

Exports of Vulcanised Cellular Rubber Articles For Technical Uses

Exports in ASEAN

In 2021, after two years of decline, there was significant growth in overseas shipments of vulcanised cellular rubber articles for technical uses, when their volume increased by 23% to X tons. Over the period under review, exports showed a buoyant increase. The growth pace was the most rapid in 2015 when exports increased by 38%. Over the period under review, the exports attained the peak figure at X tons in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, vulcanised cellular rubber articles exports reached $X in 2021. Overall, exports recorded strong growth. The pace of growth was the most pronounced in 2018 when exports increased by 107%. As a result, the exports attained the peak of $X. From 2019 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

In 2021, Singapore (X tons) and Thailand (X tons) represented the major exporters of vulcanised cellular rubber articles for technical uses in ASEAN, together achieving 66% of total exports. Indonesia (X tons) ranks next in terms of the total exports with an 18% share, followed by Malaysia (11%) and Vietnam (4.7%).

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Indonesia (with a CAGR of +98.3%), while the other leaders experienced more modest paces of growth.

In value terms, Singapore ($X), Thailand ($X) and Indonesia ($X) appeared to be the countries with the highest levels of exports in 2021, with a combined 86% share of total exports.

Indonesia, with a CAGR of +66.8%, saw the highest rates of growth with regard to the value of exports, in terms of the main exporting countries 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, dropping by -17.9% against the previous year. In general, the export price, however, showed pronounced growth. The pace of growth appeared the most rapid in 2018 when the export price increased by 80% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2020, and then shrank markedly in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Singapore ($X per ton), while Indonesia ($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 (+12.7%), while the other leaders experienced a decline in the export price figures.

Imports of Vulcanised Cellular Rubber Articles For Technical Uses

Imports in ASEAN

In 2021, the amount of vulcanised cellular rubber articles for technical uses imported in ASEAN fell to X tons, waning by -9.1% compared with 2020. Overall, imports, however, recorded buoyant growth. The growth pace was the most rapid in 2013 with an increase of 158%. Over the period under review, imports attained the maximum at X tons in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, vulcanised cellular rubber articles imports plummeted to $X in 2021. Over the period under review, imports, however, enjoyed a remarkable increase. The pace of growth was the most pronounced in 2013 when imports increased by 180% against the previous year. The level of import peaked at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

Malaysia (X tons), Indonesia (X tons), the Philippines (X tons), Vietnam (X tons) and Singapore (X tons) represented roughly 88% of total imports in 2021. It was distantly followed by Thailand (X tons), creating a 5.7% share of total imports. Cambodia (X tons) held a minor share of total imports.

From 2012 to 2021, the biggest increases were recorded for the Philippines (with a CAGR of +34.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Malaysia ($X), Indonesia ($X) and Vietnam ($X) constituted the countries with the highest levels of imports in 2021, with a combined 61% share of total imports. Singapore, the Philippines, Thailand and Cambodia lagged somewhat behind, together accounting for a further 38%.

Among the main importing countries, the Philippines, with a CAGR of +52.5%, 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, dropping by -7.3% against the previous year. Overall, the import price continues to indicate a pronounced shrinkage. The most prominent rate of growth was recorded in 2019 when the import price increased by 12%. The level of import peaked at $X per ton in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: 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 the Philippines (+13.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform