Asia: Market for Rubber-to-Metal and Moulded Articles 2025

Market Size for Rubber-to-Metal and Moulded Articles in Asia

In 2021, the Asian rubber-to-metal and moulded article market decreased by -3.3% to $X, falling for the second consecutive year after two years of growth. The market value increased at an average annual rate of +3.3% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Production of Rubber-to-Metal and Moulded Articles in Asia

In value terms, rubber-to-metal and moulded article production expanded remarkably to $X in 2021 estimated in export price. The total production indicated a notable expansion from 2012 to 2021: its value increased at an average annual rate of +4.8% 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 -18.7% against 2019 indices. The most prominent rate of growth was recorded in 2018 with an increase of 23%. The level of production peaked at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Exports of Rubber-to-Metal and Moulded Articles

Exports in Asia

In 2021, overseas shipments of rubber-to-metal and moulded articles were finally on the rise to reach X tons after two years of decline. The total export volume increased at an average annual rate of +2.9% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, rubber-to-metal and moulded article exports soared to $X in 2021. The total export value increased at an average annual rate of +1.6% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2021, China (X tons) represented the main exporter of rubber-to-metal and moulded articles, constituting 40% of total exports. It was distantly followed by Turkey (X tons), Thailand (X tons), India (X tons), Japan (X tons) and South Korea (X tons), together achieving a 45% share of total exports. Malaysia (X tons) and Singapore (X tons) followed a long way behind the leaders.

Exports from China increased at an average annual rate of +6.3% from 2012 to 2021. At the same time, Singapore (+6.4%), Turkey (+3.5%) and Malaysia (+2.3%) displayed positive paces of growth. Moreover, Singapore emerged as the fastest-growing exporter exported in Asia, with a CAGR of +6.4% from 2012-2021. India, Thailand and South Korea experienced a relatively flat trend pattern. By contrast, Japan (-3.3%) illustrated a downward trend over the same period. China (+10 p.p.) significantly strengthened its position in terms of the total exports, while Thailand and Japan saw its share reduced by -3% and -4.2% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest rubber-to-metal and moulded article supplier in Asia, comprising 34% of total exports. The second position in the ranking was taken by Japan ($X), with a 16% share of total exports. It was followed by Turkey, with a 13% share.

From 2012 to 2021, the average annual growth rate of value in China stood at +9.0%. In the other countries, the average annual rates were as follows: Japan (-3.1% per year) and Turkey (+2.0% per year).

Export Prices by Country

In 2021, the export price in Asia amounted to $X per ton, rising by 5.2% against the previous year. Overall, the export price, however, showed a mild slump. The level of export peaked at $X per ton in 2016; however, from 2017 to 2021, the export prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+4.3%), while the other leaders experienced more modest paces of growth.

Imports of Rubber-to-Metal and Moulded Articles

Imports in Asia

After two years of decline, purchases abroad of rubber-to-metal and moulded articles increased by 18% to X tons in 2021. The total import volume increased at an average annual rate of +4.4% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, rubber-to-metal and moulded article imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +1.5% over the period from 2012 to 2021; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

Japan (X tons) and China (X tons) represented roughly 39% of total imports in 2021. It was distantly followed by Thailand (X tons), India (X tons), South Korea (X tons) and Turkey (X tons), together comprising a 24% share of total imports. The following importers - Vietnam (X tons), Indonesia (X tons), the Philippines (X tons), the United Arab Emirates (X tons), Saudi Arabia (X tons), Malaysia (X tons) and Singapore (X tons) - together made up 23% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by the Philippines (with a CAGR of +15.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest rubber-to-metal and moulded article importing markets in Asia were China ($X), Japan ($X) and India ($X), with a combined 49% share of total imports. These countries were followed by Turkey, Vietnam, South Korea, Indonesia, the United Arab Emirates, Saudi Arabia, Malaysia, the Philippines and Singapore, which together accounted for a further 38%.

In terms of the main importing countries, the Philippines, with a CAGR of +16.2%, 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, standing approx. at the previous year. Overall, the import price continues to indicate a noticeable descent. The most prominent rate of growth was recorded in 2018 an increase of 1.6% against the previous year. The level of import peaked at $X per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

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 Singapore ($X per ton), while Japan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+2.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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