Asia: Market for Extruded Solid Rubber Rods And Profiles 2024

Market Size for Extruded Solid Rubber Rods And Profiles in Asia

The Asian extruded solid rubber rod market was finally on the rise to reach $X in 2022, after two years of decline. Over the period under review, consumption, however, continues to indicate a noticeable curtailment. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Production of Extruded Solid Rubber Rods And Profiles in Asia

In value terms, extruded solid rubber rod production declined to $X in 2022 estimated in export price. In general, production recorded a mild shrinkage. The most prominent rate of growth was recorded in 2019 with an increase of 91%. As a result, production attained the peak level of $X. From 2020 to 2022, production growth remained at a somewhat lower figure.

Exports of Extruded Solid Rubber Rods And Profiles

Exports in Asia

Extruded solid rubber rod exports expanded modestly to X tons in 2022, picking up by 2.7% on the year before. In general, exports, however, showed a mild downturn. The most prominent rate of growth was recorded in 2021 when exports increased by 27%. Over the period under review, the exports reached the maximum at X tons in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, extruded solid rubber rod exports rose sharply to $X in 2022. Over the period under review, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by 39%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Turkey (X tons) and China (X tons) were the largest exporters of extruded solid rubber rods and profiles in 2022, resulting at near 36% and 24% of total exports, respectively. India (X tons) took the next position in the ranking, followed by Malaysia (X tons) and the United Arab Emirates (X tons). All these countries together took approx. 23% share of total exports. The following exporters - South Korea (X tons) and Thailand (X tons) - together made up 7.5% of total exports.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +8.8%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, the largest extruded solid rubber rod supplying countries in Asia were China ($X), Turkey ($X) and India ($X), together accounting for 68% of total exports.

China, with a CAGR of +14.0%, 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 mixed trends in the exports figures.

Export Prices by Country

The export price in Asia stood at $X per ton in 2022, picking up by 5.3% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 an increase of 11%. Over the period under review, the export prices reached the maximum in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was China ($X per ton), while India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+4.9%), while the other leaders experienced more modest paces of growth.

Imports of Extruded Solid Rubber Rods And Profiles

Imports in Asia

In 2022, supplies from abroad of extruded solid rubber rods and profiles increased by 21% to X tons, rising for the second consecutive year after three years of decline. Overall, imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of 32%. As a result, imports attained the peak of X tons. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, extruded solid rubber rod imports amounted to $X in 2022. In general, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when imports increased by 30%. The level of import peaked at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Iran (X tons), distantly followed by Vietnam (X tons), India (X tons), Kazakhstan (X tons), the United Arab Emirates (X tons), Turkey (X tons) and Saudi Arabia (X tons) were the largest importers of extruded solid rubber rods and profiles, together constituting 64% of total imports. Bahrain (X tons), Thailand (X tons), China (X tons), Oman (X tons), Malaysia (X tons) and the Philippines (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Iran (with a CAGR of +18.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X), India ($X) and Turkey ($X) constituted the countries with the highest levels of imports in 2022, together accounting for 35% of total imports.

In terms of the main importing countries, Vietnam, with a CAGR of +11.2%, 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 2022, the import price in Asia amounted to $X per ton, falling by -16.6% against the previous year. In general, the import price recorded a slight downturn. The pace of growth appeared the most rapid in 2020 an increase of 15%. As a result, import price reached the peak level of $X per ton. From 2021 to 2022, the import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (+6.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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