Asia: Extruded Rod Market 2022

Extruded Rod Market Size in Asia

In 2021, after four years of decline, there was growth in the Asian extruded rod market, when its value increased by X% to $X. Overall, consumption, however, recorded a abrupt contraction. The most prominent rate of growth was recorded in 2016 when the market value increased by X% against the previous year. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Extruded Rod Production in Asia

In value terms, extruded rod production totaled $X in 2021 estimated in export price. In general, production, however, saw a abrupt setback. The most prominent rate of growth was recorded in 2016 when the production volume increased by X%. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Extruded Rod Exports

Exports in Asia

Extruded rod exports soared to X tons in 2021, picking up by X% against the year before. Over the period under review, exports posted strong growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, extruded rod exports surged to $X in 2021. The total export value increased at an average annual rate of +X% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2021, the Philippines (X tons) was the key exporter of extruded rods and profile shapes of cellular vulcanised rubber, creating X% of total exports. South Korea (X tons) ranks second in terms of the total exports with a X% share, followed by China (X%), Malaysia (X%), Taiwan (Chinese) (X%) and Turkey (X%). Thailand (X tons) followed a long way behind the leaders.

The Philippines experienced a relatively flat trend pattern with regard to volume of exports of extruded rods and profile shapes of cellular vulcanised rubber. At the same time, Malaysia (+X%), Taiwan (Chinese) (+X%) and China (+X%) displayed positive paces of growth. Moreover, Malaysia emerged as the fastest-growing exporter exported in Asia, with a CAGR of +X% from 2012-2021. South Korea experienced a relatively flat trend pattern. By contrast, Thailand (-X%) and Turkey (-X%) illustrated a downward trend over the same period. From 2012 to 2021, the share of the Philippines, Malaysia, Taiwan (Chinese) and China increased by +X, +X, +X and +X percentage points, respectively. Thailand (-X p.p.), South Korea (-X p.p.) and Turkey (-X p.p.) saw their shares reduced.

In value terms, the Philippines ($X), South Korea ($X) and China ($X) were the countries with the highest levels of exports in 2021, with a combined X% share of total exports.

China, with a CAGR of +X%, recorded the highest growth rate of the value of exports, among 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

The export price in Asia stood at $X per ton in 2021, waning by -X% against the previous year. Overall, the export price recorded a noticeable decline. The pace of growth was the most pronounced in 2015 an increase of X%. The level of export peaked at $X per ton in 2016; however, from 2017 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was South Korea ($X per ton), while Thailand ($X per ton) was amongst the lowest.

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

Extruded Rod Imports

Imports in Asia

In 2021, purchases abroad of extruded rods and profile shapes of cellular vulcanised rubber increased by X% to X tons for the first time since 2018, thus ending a two-year declining trend. Overall, imports, however, recorded a perceptible slump. Over the period under review, imports attained the peak figure at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, extruded rod imports surged to $X in 2021. In general, imports, however, saw a noticeable reduction. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

The purchases of the four major importers of extruded rods and profile shapes of cellular vulcanised rubber, namely Japan, Thailand, the Philippines and Uzbekistan, represented more than half of total import. It was distantly followed by Israel (X tons), India (X tons) and Indonesia (X tons), together creating an X% share of total imports. Vietnam (X tons), Turkey (X tons), China (X tons), Malaysia (X tons), the United Arab Emirates (X tons) and Sri Lanka (X tons) held a relatively small share of total imports.

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

In value terms, the largest extruded rod importing markets in Asia were Thailand ($X), Uzbekistan ($X) and Japan ($X), together accounting for X% of total imports.

In terms of the main importing countries, Uzbekistan, with a CAGR of +X%, 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 Asia stood at $X per ton in 2021, surging by X% against the previous year. Over the period under review, the import price, however, showed a mild curtailment. The level of import peaked at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

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

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

Source: IndexBox Platform

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