Asia-Pacific: Vulcanised Rubber Mats Market 2024

Vulcanised Rubber Mats Market Size in Asia-Pacific

For the third consecutive year, the Asia-Pacific vulcanised rubber mats market recorded decline in sales value, which decreased by -1% to $X in 2021. Over the period under review, consumption, however, recorded a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2019 to 2021, the growth of the market failed to regain momentum.

Vulcanised Rubber Mats Production in Asia-Pacific

In value terms, vulcanised rubber mats production rose significantly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.4% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The pace of growth was the most pronounced in 2018 when the production volume increased by 18% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2021, production growth remained at a lower figure.

Vulcanised Rubber Mats Exports

Exports in Asia-Pacific

In 2021, exports of floor coverings and mats of vulcanised rubber in Asia-Pacific skyrocketed to X tons, growing by 36% on the previous year's figure. The total export volume increased at an average annual rate of +3.5% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded 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, vulcanised rubber mats exports soared to $X in 2021. Total exports indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +5.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +72.4% against 2016 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

China (X tons) and India (X tons) prevails in exports structure, together comprising 79% of total exports. It was distantly followed by Malaysia (X tons), generating a 6.5% share of total exports. The following exporters - Thailand (X tons), Sri Lanka (X tons) and Indonesia (X tons) - together made up 10% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by India (with a CAGR of +8.0%), while the other leaders experienced more modest paces of growth.

In value terms, China ($X) remains the largest vulcanised rubber mats supplier in Asia-Pacific, comprising 52% of total exports. The second position in the ranking was taken by India ($X), with a 23% share of total exports. It was followed by Malaysia, with a 6.8% share.

From 2012 to 2021, the average annual growth rate of value in China stood at +6.7%. In the other countries, the average annual rates were as follows: India (+9.6% per year) and Malaysia (+7.6% per year).

Export Prices by Country

In 2021, the export price in Asia-Pacific amounted to $X per ton, with an increase of 6.6% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.0%. The pace of growth appeared the most rapid in 2013 when the export price increased by 9.5% against the previous year. Over the period under review, the export prices reached the maximum at $X per ton in 2015; afterwards, it flattened through to 2021.

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 China ($X per ton), while India ($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 (+4.9%), while the other leaders experienced more modest paces of growth.

Vulcanised Rubber Mats Imports

Imports in Asia-Pacific

In 2021, approx. X tons of floor coverings and mats of vulcanised rubber were imported in Asia-Pacific; rising by 15% compared with 2020. The total import volume increased at an average annual rate of +5.1% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2014 when imports increased by 16%. Over the period under review, imports hit record highs in 2021 and are likely to see gradual growth in the immediate term.

In value terms, vulcanised rubber mats imports soared to $X in 2021. The total import value increased at an average annual rate of +5.1% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The purchases of the three major importers of floor coverings and mats of vulcanised rubber, namely Japan, the Philippines and Australia, represented more than half of total import. It was distantly followed by South Korea (X tons), China (X tons) and Hong Kong SAR (X tons), together committing a 19% share of total imports. Taiwan (Chinese) (X tons), Malaysia (X tons), Indonesia (X tons), India (X tons), Singapore (X tons), New Zealand (X tons) and Thailand (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for the Philippines (with a CAGR of +25.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest vulcanised rubber mats importing markets in Asia-Pacific were Japan ($X), Australia ($X) and China ($X), with a combined 50% share of total imports. South Korea, the Philippines, Hong Kong SAR, Singapore, New Zealand, Malaysia, India, Indonesia, Taiwan (Chinese) and Thailand lagged somewhat behind, together accounting for a further 44%.

The Philippines, with a CAGR of +23.1%, saw the highest growth rate of 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

The import price in Asia-Pacific stood at $X per ton in 2021, rising by 4% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the import price increased by 13%. As a result, import price reached the peak level of $X per ton. From 2019 to 2021, the 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 China ($X per ton), while the Philippines ($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 (+6.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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