Asia-Pacific: Extruded Rod Market 2022

Extruded Rod Market Size in Asia-Pacific

The Asia-Pacific extruded rod market amounted to $X in 2021, increasing by X% against the previous year. In general, consumption, however, continues to indicate a abrupt setback. The most prominent rate of growth was recorded in 2016 when the market value increased by X%. The level of consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Extruded Rod Production in Asia-Pacific

In value terms, extruded rod production rose modestly to $X in 2021 estimated in export price. In general, production, however, showed a deep reduction. The most prominent rate of growth was recorded in 2016 when the production volume increased by X%. The level of production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Extruded Rod Exports

Exports in Asia-Pacific

Extruded rod exports skyrocketed to X tons in 2021, rising by X% against the previous year. In general, exports showed a prominent increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, extruded rod exports skyrocketed to $X in 2021. Total exports indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded 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

The Philippines represented the key exporting country with an export of about X tons, which amounted to 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%) and Taiwan (Chinese) (X%). The following exporters - Thailand (X tons) and India (X tons) - each finished at a X% share of total exports.

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%), China (+X%) and India (+X%) displayed positive paces of growth. Moreover, Malaysia emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of +X% from 2012-2021. South Korea experienced a relatively flat trend pattern. By contrast, Thailand (-X%) illustrated a downward trend over the same period. The Philippines (+X p.p.), Malaysia (+X p.p.) and Taiwan (Chinese) (+X p.p.) significantly strengthened its position in terms of the total exports, while India, Thailand and South Korea saw its share reduced by -X%, -X% and -X% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest extruded rod supplying countries in Asia-Pacific were the Philippines ($X), South Korea ($X) and China ($X), together accounting for X% 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

In 2021, the export price in Asia-Pacific amounted to $X per ton, declining by -X% against the previous year. Overall, the export price saw a noticeable downturn. The most prominent rate of growth was recorded in 2015 an increase of X%. Over the period under review, the export prices reached the peak figure at $X per ton in 2016; however, from 2017 to 2021, the export prices failed to regain momentum.

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 South Korea (+X%), while the other leaders experienced a decline in the export price figures.

Extruded Rod Imports

Imports in Asia-Pacific

In 2021, after two years of decline, there was significant growth in overseas purchases of extruded rods and profile shapes of cellular vulcanised rubber, when their volume increased by X% to X tons. Over the period under review, imports, however, continue to indicate a perceptible downturn. Over the period under review, imports reached the maximum at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, extruded rod imports skyrocketed to $X in 2021. In general, imports, however, showed a abrupt shrinkage. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

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 Australia, represented more than half of total import. India (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Indonesia (X%) and Vietnam (X%).

From 2012 to 2021, the biggest increases were in Vietnam (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-Pacific were Thailand ($X), Japan ($X) and Indonesia ($X), with a combined X% share of total imports. The Philippines, Vietnam, Australia and India lagged somewhat behind, together accounting for a further X, with a CAGR of +X%, recorded the highest growth rate of the value of imports, in terms of the main importing countries 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, with an increase of X% against the previous year. Overall, the import price, however, recorded a perceptible decrease. The growth pace was the most rapid in 2013 an increase of X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2014 to 2021, the import prices failed to regain momentum.

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

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

Source: IndexBox Platform

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