Asia-Pacific: Market for Extruded Solid Rubber Rods And Profiles 2024

Market Size for Extruded Solid Rubber Rods And Profiles in Asia-Pacific

The Asia-Pacific extruded solid rubber rod market contracted slightly to $X in 2022, approximately equating the previous year. In general, consumption showed a noticeable downturn. The most prominent rate of growth was recorded in 2020 with an increase of 0.2% against the previous year. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Production of Extruded Solid Rubber Rods And Profiles in Asia-Pacific

In value terms, extruded solid rubber rod production reached $X in 2022 estimated in export price. In general, production showed a perceptible shrinkage. The growth pace was the most rapid in 2020 with an increase of 1% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Exports of Extruded Solid Rubber Rods And Profiles

Exports in Asia-Pacific

In 2022, exports of extruded solid rubber rods and profiles in Asia-Pacific rose notably to X tons, picking up by 8.2% compared with the previous year. Over the period under review, exports, however, recorded a noticeable downturn. The most prominent rate of growth was recorded in 2018 when exports increased by 38% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, extruded solid rubber rod exports expanded sharply to $X in 2022. Overall, exports, however, saw a pronounced downturn. The most prominent rate of growth was recorded in 2021 when exports increased by 35% against the previous year. 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

China was the largest exporter of extruded solid rubber rods and profiles in Asia-Pacific, with the volume of exports reaching X tons, which was approx. 43% of total exports in 2022. India (X tons) took the second position in the ranking, distantly followed by Malaysia (X tons), South Korea (X tons) and Thailand (X tons). All these countries together took approx. 45% share of total exports. The following exporters - Taiwan (Chinese) (X tons), Vietnam (X tons) and Japan (X tons) - together made up 6.9% of total exports.

China was also the fastest-growing in terms of the extruded solid rubber rods and profiles exports, with a CAGR of +8.8% from 2012 to 2022. Vietnam experienced a relatively flat trend pattern. India (-4.1%), Taiwan (Chinese) (-4.9%), South Korea (-6.6%), Malaysia (-7.4%), Japan (-11.2%) and Thailand (-15.5%) illustrated a downward trend over the same period. From 2012 to 2022, the share of China increased by +30 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest extruded solid rubber rod supplier in Asia-Pacific, comprising 48% of total exports. The second position in the ranking was taken by India ($X), with a 13% share of total exports. It was followed by Malaysia, with an 8.5% share.

In China, extruded solid rubber rod exports increased at an average annual rate of +14.0% over the period from 2012-2022. In the other countries, the average annual rates were as follows: India (-4.1% per year) and Malaysia (-9.9% per year).

Export Prices by Country

The export price in Asia-Pacific stood at $X per ton in 2022, picking up by 5.6% against the previous year. Over the last decade, it increased at an average annual rate of +1.1%. The pace of growth appeared the most rapid in 2020 an increase of 17%. Over the period under review, the export prices reached the peak figure 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 Japan ($X per ton), while India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+12.3%), while the other leaders experienced more modest paces of growth.

Imports of Extruded Solid Rubber Rods And Profiles

Imports in Asia-Pacific

Extruded solid rubber rod imports shrank to X tons in 2022, reducing by -1.7% compared with the year before. Overall, imports showed a perceptible descent. The pace of growth appeared the most rapid in 2017 when imports increased by 27% against the previous year. 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 shrank to $X in 2022. In general, imports recorded a mild slump. The pace of growth appeared the most rapid in 2017 when imports increased by 30%. The level of import peaked at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The purchases of the three major importers of extruded solid rubber rods and profiles, namely Vietnam, India and Australia, represented more than half of total import. Thailand (X tons) held the next position in the ranking, followed by China (X tons). All these countries together took approx. 12% share of total imports. Malaysia (X tons), the Philippines (X tons), Indonesia (X tons), South Korea (X tons), Japan (X tons), Sri Lanka (X tons) and Singapore (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 main importing countries, was attained by Vietnam (with a CAGR of +14.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest extruded solid rubber rod importing markets in Asia-Pacific were Vietnam ($X), India ($X) and Australia ($X), together accounting for 54% of total imports. China, Indonesia, Thailand, South Korea, Singapore, Japan, the Philippines, Malaysia and Sri Lanka lagged somewhat behind, together accounting for a further 41%.

Sri Lanka, with a CAGR of +15.8%, saw the highest rates of growth with regard to the value of imports, among 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 2022, the import price in Asia-Pacific amounted to $X per ton, almost unchanged from the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.5%. The pace of growth was the most pronounced in 2018 an increase of 16% against the previous year. The level of import peaked in 2022 and is expected to retain growth in years to come.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+14.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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