Asia-Pacific: Market for Natural Rubber And Gums 2025

Market Size for Natural Rubber And Gums in Asia-Pacific

In 2022, the Asia-Pacific natural rubber and gum market was finally on the rise to reach $X after four years of decline. In general, consumption recorded a noticeable decrease. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Production of Natural Rubber And Gums in Asia-Pacific

In value terms, natural rubber and gum production reduced slightly to $X in 2022 estimated in export price. Overall, production saw a abrupt contraction. The pace of growth was the most pronounced in 2017 with an increase of 17%. The level of production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of production, amongst the key producing countries, was attained by Vietnam (with a CAGR of +3.6%), while production for the other leaders experienced more modest paces of growth.

In 2022, the average yield of natural rubber and gums in Asia-Pacific shrank to X tons per ha, stabilizing at 2021 figures. In general, the yield showed a mild reduction. The pace of growth was the most pronounced in 2017 when the yield increased by 2.4% against the previous year. The level of yield peaked at X tons per ha in 2012; however, from 2013 to 2022, the yield remained at a 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 dropped 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 only minor fluctuations throughout the analyzed period. The growth pace was the most rapid in 2014 with an increase of 4.5%. The level of harvested area peaked at X ha in 2021, and then reduced modestly in the following year.

Exports of Natural Rubber And Gums

Exports in Asia-Pacific

In 2022, after two years of growth, there was significant decline in shipments abroad of natural rubber and gums, when their volume decreased by -7.9% to X tons. The total export volume increased at an average annual rate of +3.0% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2017 when exports increased by 13% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2021, and then declined in the following year.

In value terms, natural rubber and gum exports contracted to $X in 2022. In general, exports saw a perceptible descent. The most prominent rate of growth was recorded in 2017 when exports increased by 42%. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Thailand represented the major exporting country with an export of around X tons, which recorded 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.

From 2012 to 2022, average annual rates of growth with regard to natural rubber and gum exports from Thailand stood at +1.5%. 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-Pacific, with a CAGR of +37.5% from 2012-2022. While the share of Vietnam (+8.4 p.p.) and Lao People's Democratic Republic (+4.5 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Thailand (-12.4 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2012 to 2022, the average annual rate of growth in terms of value in Thailand totaled -3.7%. 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

In 2022, the export price in Asia-Pacific amounted to $X per ton, declining by -4.3% against the previous year. In general, the export price recorded a deep downturn. The pace of growth appeared the most rapid in 2017 an increase of 26%. Over the period under review, the export prices attained the maximum 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-Pacific

Natural rubber and gum imports declined to X tons in 2022, reducing by -7.6% on the previous year. Over the period under review, imports, however, posted a noticeable increase. The pace of growth was the most pronounced in 2017 with an increase of 52%. The volume of import peaked at X tons in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, natural rubber and gum imports rose remarkably to $X in 2022. In general, imports saw a perceptible setback. The pace of growth was the most pronounced in 2017 when imports increased by 40% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

China was the main importer of natural rubber and gums in Asia-Pacific, with the volume of imports recording X tons, which was near 57% of total imports in 2022. It was distantly followed by Malaysia (X tons), achieving a 32% share of total imports. The following importers - Indonesia (X tons), Vietnam (X tons), South Korea (X tons) and Sri Lanka (X tons) - each amounted to a 7.3% 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 Indonesia ($X) constituted the countries with the highest levels of imports in 2022, together comprising 91% of total imports. Vietnam, Sri Lanka and South Korea lagged somewhat behind, together accounting for a further 5%.

Vietnam, with a CAGR of +17.0%, 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

The import price in Asia-Pacific stood at $X per ton in 2022, increasing by 16% against the previous year. Over the period under review, the import price, however, recorded a abrupt downturn. 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.

There were significant differences in the average prices amongst the major importing countries. In 2022, 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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