Asia-Pacific: Market for Plates, Sheets, Strips For Floor Covering Of Solid Vulcanised Rubber 2022

Market Size for Plates, Sheets, Strips For Floor Covering Of Solid Vulcanised Rubber in Asia-Pacific

In 2021, the Asia-Pacific solid vulcanised rubber sheet market was finally on the rise to reach $X after four years of decline. In general, consumption, however, continues to indicate a abrupt descent. The level of consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Production of Plates, Sheets, Strips For Floor Covering Of Solid Vulcanised Rubber in Asia-Pacific

In value terms, solid vulcanised rubber sheet production totaled $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a deep contraction. The most prominent rate of growth was recorded in 2016 when the production volume increased by 14% against the previous year. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Exports of Plates, Sheets, Strips For Floor Covering Of Solid Vulcanised Rubber

Exports in Asia-Pacific

In 2021, solid vulcanised rubber sheet exports in Asia-Pacific surged to X tons, with an increase of 22% against 2020 figures. The total export volume increased at an average annual rate of +1.5% 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, solid vulcanised rubber sheet exports soared to $X in 2021. The total export value increased at an average annual rate of +2.8% 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.

Exports by Country

In 2021, China (X tons) was the key exporter of plates, sheets, strips for floor covering of solid vulcanised rubber, generating 66% of total exports. It was distantly followed by India (X tons), achieving a 13% share of total exports. Malaysia (X tons), South Korea (X tons), Japan (X tons), Thailand (X tons) and Taiwan (Chinese) (X tons) followed a long way behind the leaders.

Exports from China increased at an average annual rate of +2.1% from 2012 to 2021. At the same time, Thailand (+12.5%), India (+9.7%) and Japan (+1.4%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of +12.5% from 2012-2021. By contrast, South Korea (-1.1%), Malaysia (-4.2%) and Taiwan (Chinese) (-11.6%) illustrated a downward trend over the same period. While the share of India (+6.5 p.p.), China (+3.4 p.p.) and Thailand (+1.8 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Malaysia (-3 p.p.) and Taiwan (Chinese) (-3.9 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest solid vulcanised rubber sheet supplier in Asia-Pacific, comprising 46% of total exports. The second position in the ranking was taken by Japan ($X), with a 16% share of total exports. It was followed by India, with a 13% share.

In China, solid vulcanised rubber sheet exports expanded at an average annual rate of +6.4% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Japan (-0.2% per year) and India (+9.1% per year).

Export Prices by Country

The export price in Asia-Pacific stood at $X per ton in 2021, remaining relatively unchanged against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.3%. The pace of growth was the most pronounced in 2014 when the export price increased by 9.4% against the previous year. Over the period under review, the export prices attained the maximum at $X per ton in 2015; however, from 2016 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, the country with the highest price was Japan ($X per ton), while China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+4.9%), while the other leaders experienced more modest paces of growth.

Imports of Plates, Sheets, Strips For Floor Covering Of Solid Vulcanised Rubber

Imports in Asia-Pacific

In 2021, purchases abroad of plates, sheets, strips for floor covering of solid vulcanised rubber increased by 14% to X tons for the first time since 2018, thus ending a two-year declining trend. The total import volume increased at an average annual rate of +1.3% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2017 with an increase of 22%. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the near future.

In value terms, solid vulcanised rubber sheet imports surged to $X in 2021. Overall, imports continue to indicate a modest increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, South Korea (X tons), China (X tons), Vietnam (X tons), Australia (X tons), Japan (X tons), Taiwan (Chinese) (X tons), Indonesia (X tons), the Philippines (X tons), Thailand (X tons), New Zealand (X tons), Cambodia (X tons) and India (X tons) represented the largest importer of plates, sheets, strips for floor covering of solid vulcanised rubber in Asia-Pacific, committing 88% of total import.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Cambodia (with a CAGR of +20.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest solid vulcanised rubber sheet importing markets in Asia-Pacific were China ($X), Vietnam ($X) and Australia ($X), with a combined 53% share of total imports.

Vietnam, with a CAGR of +11.5%, recorded 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 2021, surging by 1.9% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2016 an increase of 11% against the previous year. As a result, import price reached the peak level of $X per ton. From 2017 to 2021, the import prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was China ($X per ton), while South Korea ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+5.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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