Asia: Vulcanised Rubber Erases Market 2024

Vulcanised Rubber Erases Market Size in Asia

The Asian vulcanised rubber erases market reached $X in 2021, remaining constant against the previous year. Over the period under review, consumption, however, posted a strong expansion. As a result, consumption reached the peak level of $X. From 2017 to 2021, the growth of the market failed to regain momentum.

Vulcanised Rubber Erases Production in Asia

In value terms, vulcanised rubber erases production dropped slightly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.3% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2016 when the production volume increased by 22% against the previous year. As a result, production reached the peak level of $X. From 2017 to 2021, production growth remained at a somewhat lower figure.

Vulcanised Rubber Erases Exports

Exports in Asia

Vulcanised rubber erases exports dropped to X tons in 2021, waning by -5.7% compared with 2020 figures. In general, exports continue to indicate a deep contraction. The most prominent rate of growth was recorded in 2017 when exports increased by 42% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, vulcanised rubber erases exports reached $X in 2021. Overall, exports continue to indicate a slight decrease. The growth pace was the most rapid in 2015 with an increase of 14%. As a result, the exports attained the peak of $X. From 2016 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

China dominates exports structure, reaching X tons, which was near 87% of total exports in 2021. It was distantly followed by India (X tons), making up a 5.6% share of total exports. Taiwan (Chinese) (X tons) held a relatively small share of total exports.

Exports from China decreased at an average annual rate of -6.1% from 2012 to 2021. At the same time, India (+8.1%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing exporter exported in Asia, with a CAGR of +8.1% from 2012-2021. Taiwan (Chinese) experienced a relatively flat trend pattern. From 2012 to 2021, the share of India increased by +3.9 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest vulcanised rubber erases supplier in Asia, comprising 84% of total exports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a 5.3% share of total exports.

From 2012 to 2021, the average annual growth rate of value in China stood at -1.3%. The remaining exporting countries recorded the following average annual rates of exports growth: Taiwan (Chinese) (+2.5% per year) and India (+12.9% per year).

Export Prices by Country

The export price in Asia stood at $X per ton in 2021, picking up by 11% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +4.5%. The most prominent rate of growth was recorded in 2016 an increase of 25%. As a result, the export price reached the peak level of $X per ton. From 2017 to 2021, the export prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+5.1%), while the other leaders experienced more modest paces of growth.

Vulcanised Rubber Erases Imports

Imports in Asia

In 2021, overseas purchases of erasers of vulcanised rubber decreased by -27.4% to X tons, falling for the fourth year in a row after two years of growth. Overall, imports showed a perceptible slump. The most prominent rate of growth was recorded in 2017 when imports increased by 33%. As a result, imports reached the peak of X tons. From 2018 to 2021, the growth of imports failed to regain momentum.

In value terms, vulcanised rubber erases imports fell modestly to $X in 2021. Over the period under review, imports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of 28% against the previous year. The level of import peaked at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

The purchases of the twelve major importers of erasers of vulcanised rubber, namely Pakistan, Indonesia, India, Vietnam, Thailand, China, the United Arab Emirates, Malaysia, Singapore, South Korea, Iraq and Sri Lanka, represented more than two-thirds of total import.

From 2012 to 2021, the biggest increases were recorded for China (with a CAGR of +12.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Vietnam ($X) and Indonesia ($X) were the countries with the highest levels of imports in 2021, together accounting for 31% of total imports.

Among the main importing countries, China, with a CAGR of +10.7%, 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

In 2021, the import price in Asia amounted to $X per ton, surging by 34% against the previous year. Over the last nine-year period, it increased at an average annual rate of +3.2%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was China ($X per ton), while Sri Lanka ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+15.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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