Asia: Market for Natural Rubber And Gums 2024

Market Size for Natural Rubber And Gums in Asia

In 2022, after four years of decline, there was growth in the Asian natural rubber and gum market, when its value increased by 2% to $X. Over the period under review, consumption continues to indicate a perceptible decrease. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Production of Natural Rubber And Gums in Asia

In value terms, natural rubber and gum production reduced modestly to $X in 2022 estimated in export price. Overall, production recorded a abrupt curtailment. The pace of growth appeared the most rapid in 2017 with an increase of 17%. The level of production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

The countries with the highest volumes of production in 2022 were Thailand (X tons), Indonesia (X tons) and Vietnam (X tons), with a combined 73% share of total production.

From 2012 to 2022, the biggest increases were recorded for Vietnam (with a CAGR of +3.6%), while production for the other leaders experienced more modest paces of growth.

In 2022, the average natural rubber and gum yield in Asia reduced modestly to X tons per ha, remaining stable against the year before. In general, the yield showed a slight slump. The pace of growth appeared the most rapid in 2017 when the yield increased by 2.4%. Over the period under review, the natural rubber and gum yield reached the peak level at X tons per ha in 2012; however, from 2013 to 2022, the yield stood at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The natural rubber and gum harvested area declined slightly to X ha in 2022, approximately mirroring the year before. The harvested area increased at an average annual rate of +1.9% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The growth pace was the most rapid in 2014 with an increase of 4.5% against the previous year. The level of harvested area peaked at X ha in 2021, and then fell modestly in the following year.

Exports of Natural Rubber And Gums

Exports in Asia

After two years of growth, overseas shipments of natural rubber and gums decreased by -8% to X tons in 2022. The total export volume increased at an average annual rate of +3.1% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2017 when exports increased by 13% against the previous year. The volume of export peaked at X tons in 2021, and then fell in the following year.

In value terms, natural rubber and gum exports contracted to $X in 2022. Over the period under review, exports saw a perceptible shrinkage. The pace of growth appeared the most rapid in 2017 with an increase of 42%. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Thailand represented the largest exporting country with an export of around X tons, which amounted to 77% of total exports. Vietnam (X tons) took the second position in the ranking, distantly followed by Lao People's Democratic Republic (X tons). All these countries together held near 18% share of total exports. Malaysia (X tons) followed a long way behind the leaders.

Exports from Thailand increased at an average annual rate of +1.5% from 2012 to 2022. At the same time, Lao People's Democratic Republic (+37.5%), Vietnam (+13.6%) and Malaysia (+6.3%) displayed positive paces of growth. Moreover, Lao People's Democratic Republic emerged as the fastest-growing exporter exported in Asia, with a CAGR of +37.5% from 2012-2022. Vietnam (+8.4 p.p.) and Lao People's Democratic Republic (+4.5 p.p.) significantly strengthened its position in terms of the total exports, while Thailand saw its share reduced by -12.5% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Thailand ($X) remains the largest natural rubber and gum supplier in Asia, comprising 78% of total exports. The second position in the ranking was taken by Vietnam ($X), with a 13% share of total exports. It was followed by Malaysia, with a 5.5% share.

In Thailand, natural rubber and gum exports contracted by an average annual rate of -3.7% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Vietnam (+7.4% per year) and Malaysia (-2.9% per year).

Export Prices by Country

The export price in Asia stood at $X per ton in 2022, waning by -4.3% against the previous year. Overall, the export price recorded a drastic downturn. The most prominent rate of growth was recorded in 2017 an increase of 26%. Over the period under review, the export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, 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 Malaysia ($X per ton), while Lao People's Democratic Republic ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (-5.1%), while the other leaders experienced a decline in the export price figures.

Imports of Natural Rubber And Gums

Imports in Asia

In 2022, natural rubber and gum imports in Asia reduced to X tons, declining by -7.9% against 2021. Overall, imports, however, showed a pronounced expansion. The pace of growth was the most pronounced in 2017 when imports increased by 47%. The volume of import peaked at X tons in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, natural rubber and gum imports expanded markedly to $X in 2022. In general, imports saw a slight decrease. The most prominent rate of growth was recorded in 2017 with an increase of 36% against the previous year. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X tons) represented the key importer of natural rubber and gums, committing 54% of total imports. It was distantly followed by Malaysia (X tons), achieving a 30% share of total imports. The following importers - Turkey (X tons), Indonesia (X tons), Vietnam (X tons), Iran (X tons) and South Korea (X tons) - each recorded a 9.3% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Vietnam (with a CAGR of +19.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Malaysia ($X) and Turkey ($X) appeared to be the countries with the highest levels of imports in 2022, together comprising 87% of total imports. Indonesia, Vietnam, South Korea and Iran lagged somewhat behind, together accounting for a further 6.6%.

In terms of the main importing countries, Vietnam, with a CAGR of +17.0%, 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 2022, rising by 15% against the previous year. Overall, the import price, however, continues to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2021 when the import price increased by 27% against the previous year. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, 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 Malaysia ($X per ton), while China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (-2.5%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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