Asia-Pacific: Vulcanised Rubber Erases Market 2024

Vulcanised Rubber Erases Market Size in Asia-Pacific

The Asia-Pacific vulcanised rubber erases market reached $X in 2021, flattening at the previous year. Over the period under review, consumption, however, saw a buoyant expansion. As a result, consumption reached the peak level of $X. From 2017 to 2021, the growth of the market remained at a lower figure.

Vulcanised Rubber Erases Production in Asia-Pacific

In value terms, vulcanised rubber erases production fell 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 most prominent rate of growth was recorded 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 lower figure.

Vulcanised Rubber Erases Exports

Exports in Asia-Pacific

For the fourth consecutive year, Asia-Pacific recorded decline in overseas shipments of erasers of vulcanised rubber, which decreased by -5.8% to X tons in 2021. In general, exports recorded a deep downturn. The pace of growth appeared the most rapid in 2017 when exports increased by 42% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, vulcanised rubber erases exports expanded slightly to $X in 2021. Over the period under review, exports saw a mild descent. The most prominent rate of growth was recorded in 2015 when exports increased by 15% against the previous year. As a result, the exports reached the peak of $X. From 2016 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

China prevails in exports structure, resulting at X tons, which was near 87% of total exports in 2021. It was distantly followed by India (X tons), committing a 5.7% share of total exports. Taiwan (Chinese) (X tons) took a relatively small share of total exports.

From 2012 to 2021, average annual rates of growth with regard to vulcanised rubber erases exports from China stood at -6.1%. At the same time, India (+8.1%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of +8.1% from 2012-2021. Taiwan (Chinese) experienced a relatively flat trend pattern. While the share of India (+4 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of China (-5.6 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest vulcanised rubber erases supplier in Asia-Pacific, comprising 85% of total exports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a 5.3% share of total exports.

In China, vulcanised rubber erases exports plunged by an average annual rate of -1.3% over the period from 2012-2021. 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

In 2021, the export price in Asia-Pacific amounted to $X per ton, rising by 11% against the previous year. Export price indicated pronounced growth from 2012 to 2021: its price increased at an average annual rate of +4.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, vulcanised rubber erases export price increased by +22.9% against 2018 indices. The pace of growth appeared the most rapid in 2016 when the export price increased by 25% against the previous year. 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.

There were significant differences in the average prices amongst the major exporting countries. In 2021, 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-Pacific

In 2021, purchases abroad of erasers of vulcanised rubber decreased by -27.8% to X tons, falling for the fourth consecutive year after four years of growth. In general, imports recorded a noticeable reduction. The most prominent rate of growth was recorded in 2017 when imports increased by 36% against the previous year. As a result, imports reached the peak of X tons. From 2018 to 2021, the growth of imports remained at a lower figure.

In value terms, vulcanised rubber erases imports amounted to $X in 2021. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when imports increased by 34% 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

Pakistan (X tons), Indonesia (X tons), India (X tons), Vietnam (X tons), Thailand (X tons), China (X tons), Malaysia (X tons), Singapore (X tons), South Korea (X tons) and Sri Lanka (X tons) represented roughly 85% of total imports in 2021.

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, the largest vulcanised rubber erases importing markets in Asia-Pacific were China ($X), Vietnam ($X) and Indonesia ($X), with a combined 37% share of total imports.

In terms of the main importing countries, China, with a CAGR of +10.7%, recorded 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 2021, the import price in Asia-Pacific amounted to $X per ton, picking up by 41% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.8%. As a result, import price reached 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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