Asia-Pacific: Prepared Rubber Accelerators Market 2024

Prepared Rubber Accelerators Market Size in Asia-Pacific

In 2021, after two years of decline, there was growth in the Asia-Pacific prepared rubber accelerators market, when its value increased by 1.8% to $X. The total consumption indicated tangible growth from 2012 to 2021: its value increased at an average annual rate of +4.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -5.5% against 2018 indices. As a result, consumption reached the peak level of $X. From 2019 to 2021, the growth of the market remained at a lower figure.

Prepared Rubber Accelerators Production in Asia-Pacific

In value terms, prepared rubber accelerators production expanded modestly to $X in 2021 estimated in export price. The total production indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +6.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -6.7% against 2018 indices. The most prominent rate of growth was recorded in 2018 when the production volume increased by 26%. As a result, production reached the peak level of $X. From 2019 to 2021, production growth remained at a somewhat lower figure.

Prepared Rubber Accelerators Exports

Exports in Asia-Pacific

In 2021, after two years of decline, there was significant growth in overseas shipments of prepared rubber accelerators, when their volume increased by 25% to X tons. Total exports indicated a strong expansion from 2012 to 2021: its volume increased at an average annual rate of +9.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when exports increased by 38%. The volume of export peaked in 2021 and is expected to retain growth in the immediate term.

In value terms, prepared rubber accelerators exports skyrocketed to $X in 2021. Total exports indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +10.5% over the last nine years. 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

China represented the main exporter of prepared rubber accelerators in Asia-Pacific, with the volume of exports accounting for X tons, which was near 69% of total exports in 2021. Malaysia (X tons) took the second position in the ranking, followed by Taiwan (Chinese) (X tons). All these countries together held approx. 20% share of total exports. The following exporters - South Korea (X tons) and India (X tons) - together made up 7.8% of total exports.

China was also the fastest-growing in terms of the prepared rubber accelerators exports, with a CAGR of +11.1% from 2012 to 2021. At the same time, Malaysia (+10.3%), Taiwan (Chinese) (+9.1%), India (+5.0%) and South Korea (+4.7%) displayed positive paces of growth. From 2012 to 2021, the share of China increased by +6.9 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest prepared rubber accelerators supplier in Asia-Pacific, comprising 71% of total exports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a 6.8% share of total exports. It was followed by Malaysia, with a 6.1% share.

In China, prepared rubber accelerators exports increased at an average annual rate of +13.2% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Taiwan (Chinese) (+7.9% per year) and Malaysia (+9.2% per year).

Export Prices by Country

In 2021, the export price in Asia-Pacific amounted to $X per ton, with an increase of 23% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. Over the period under review, the export prices hit record highs at $X per ton in 2016; however, from 2017 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, amid the top suppliers, the country with the highest price was India ($X per ton), while Malaysia ($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 (+1.9%), while the other leaders experienced more modest paces of growth.

Prepared Rubber Accelerators Imports

Imports in Asia-Pacific

Prepared rubber accelerators imports soared to X tons in 2021, with an increase of 17% on 2020. Total imports indicated a buoyant expansion from 2012 to 2021: its volume increased at an average annual rate of +7.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +24.8% against 2019 indices. The most prominent rate of growth was recorded in 2014 when imports increased by 25%. Over the period under review, imports attained the maximum in 2021 and are expected to retain growth in years to come.

In value terms, prepared rubber accelerators imports soared to $X in 2021. Total imports indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +6.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Thailand (X tons), Indonesia (X tons), India (X tons), Vietnam (X tons) and China (X tons) was the key importer of prepared rubber accelerators in Asia-Pacific, making up 79% of total import. Malaysia (X tons), South Korea (X tons), Sri Lanka (X tons), Hong Kong SAR (X tons) and Taiwan (Chinese) (X tons) took a little share of total imports.

From 2012 to 2021, the biggest increases were recorded for Thailand (with a CAGR of +12.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Thailand ($X), India ($X) and Indonesia ($X) appeared to be the countries with the highest levels of imports in 2021, together accounting for 52% of total imports. These countries were followed by China, Vietnam, South Korea, Malaysia, Sri Lanka, Taiwan (Chinese) and Hong Kong SAR, which together accounted for a further 43%.

Vietnam, with a CAGR of +13.0%, saw 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

The import price in Asia-Pacific stood at $X per ton in 2021, jumping by 18% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. Over the period under review, import prices attained the maximum at $X per ton in 2018; however, from 2019 to 2021, 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 South Korea ($X per ton), while Hong Kong SAR ($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 (+2.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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