Asia-Pacific: Non-Reinforced Rubber Tubing Market 2024

Non-Reinforced Rubber Tubing Market Size in Asia-Pacific

After three years of growth, the Asia-Pacific non-reinforced rubber tubing market decreased by -3.7% to $X in 2021. The market value increased at an average annual rate of +2.0% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market attained the maximum level at $X in 2020, and then shrank slightly in the following year.

Non-Reinforced Rubber Tubing Production in Asia-Pacific

In value terms, non-reinforced rubber tubing production shrank slightly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.1% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2019 with an increase of 16%. Over the period under review, production attained the maximum level at $X in 2020, and then reduced modestly in the following year.

Non-Reinforced Rubber Tubing Exports

Exports in Asia-Pacific

In 2021, after two years of decline, there was significant growth in overseas shipments of rubber tubing not reinforced, when their volume increased by 11% to X tons. The total export volume increased at an average annual rate of +1.7% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2017 when exports increased by 15% against the previous year. The volume of export peaked in 2021 and is likely to continue growth in the near future.

In value terms, non-reinforced rubber tubing exports soared to $X in 2021. Over the period under review, exports continue to indicate a relatively flat trend pattern. The level of export peaked at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

In 2021, China (X tons) represented the major exporter of rubber tubing not reinforced, mixing up 53% of total exports. Thailand (X tons) ranks second in terms of the total exports with a 14% share, followed by Malaysia (8.8%) and Japan (8.3%). India (X tons), South Korea (X tons) and Hong Kong SAR (X tons) followed a long way behind the leaders.

Exports from China increased at an average annual rate of +5.6% from 2012 to 2021. At the same time, India (+8.9%), South Korea (+5.7%) and Hong Kong SAR (+5.3%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of +8.9% from 2012-2021. By contrast, Malaysia (-1.7%), Thailand (-1.8%) and Japan (-6.1%) illustrated a downward trend over the same period. While the share of China (+15 p.p.) and India (+1.7 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Malaysia (-3.2 p.p.), Thailand (-5.3 p.p.) and Japan (-8.8 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest non-reinforced rubber tubing supplying countries in Asia-Pacific were China ($X), Japan ($X) and Thailand ($X), with a combined 79% share of total exports. Malaysia, South Korea, India and Hong Kong SAR lagged somewhat behind, together accounting for a further 15%.

Among the main exporting countries, India, with a CAGR of +18.3%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Asia-Pacific stood at $X per ton in 2021, picking up by 6.1% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. Over the period under review, the export prices attained the peak figure at $X per ton in 2012; however, from 2013 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 Japan ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+8.6%), while the other leaders experienced more modest paces of growth.

Non-Reinforced Rubber Tubing Imports

Imports in Asia-Pacific

After three years of decline, overseas purchases of rubber tubing not reinforced increased by 11% to X tons in 2021. Overall, imports, however, saw a relatively flat trend pattern. Over the period under review, imports attained the maximum at X tons in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

In value terms, non-reinforced rubber tubing imports skyrocketed to $X in 2021. In general, imports saw a relatively flat trend pattern. The level of import peaked at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X tons), Japan (X tons), Vietnam (X tons), Hong Kong SAR (X tons), Thailand (X tons), Indonesia (X tons), South Korea (X tons), India (X tons), Malaysia (X tons), Singapore (X tons), the Philippines (X tons) and Taiwan (Chinese) (X tons) represented the largest importer of rubber tubing not reinforced in Asia-Pacific, creating 86% of total import.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by the Philippines (with a CAGR of +15.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constitutes the largest market for imported rubber tubing not reinforced in Asia-Pacific, comprising 33% of total imports. The second position in the ranking was taken by Japan ($X), with a 14% share of total imports. It was followed by Vietnam, with a 7.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value in China was relatively modest. The remaining importing countries recorded the following average annual rates of imports growth: Japan (+0.4% per year) and Vietnam (+1.4% per year).

Import Prices by Country

In 2021, the import price in Asia-Pacific amounted to $X per ton, picking up by 5.2% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the import price increased by 15% against the previous year. Over the period under review, import prices reached the maximum in 2021 and is likely to continue growth in the near future.

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 Singapore (+3.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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