Asia-Pacific: Market for Tubes, Pipes And Hoses Of Vulcanized Rubber 2024

Market Size for Tubes, Pipes And Hoses Of Vulcanized Rubber in Asia-Pacific

The Asia-Pacific rubber tube and pipe market shrank slightly to $X in 2021, dropping by -1.6% against the previous year. Over the period under review, consumption continues to indicate a slight slump. The growth pace was the most rapid in 2018 with an increase of 6.1%. The level of consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Production of Tubes, Pipes And Hoses Of Vulcanized Rubber in Asia-Pacific

In value terms, rubber tube and pipe production totaled $X in 2021 estimated in export price. In general, production, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 with an increase of 14% 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.

Exports of Tubes, Pipes And Hoses Of Vulcanized Rubber

Exports in Asia-Pacific

In 2021, after two years of decline, there was significant growth in shipments abroad of tubes, pipes and hoses of vulcanized rubber, when their volume increased by 32% to X tons. The total export volume increased at an average annual rate of +4.3% 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 reached the peak and are likely to continue growth in the immediate term.

In value terms, rubber tube and pipe exports soared to $X in 2021. The total export value increased at an average annual rate of +3.0% from 2012 to 2021; however, the trend pattern 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 prevails in exports structure, amounting to X tons, which was near 58% of total exports in 2021. Thailand (X tons) held an 8.6% share (based on physical terms) of total exports, which put it in second place, followed by Malaysia (8.5%), India (7.6%) and Japan (6%). The following exporters - South Korea (X tons) and Singapore (X tons) - together made up 7.2% of total exports.

Exports from China increased at an average annual rate of +6.2% from 2012 to 2021. At the same time, India (+9.4%), Thailand (+3.3%), South Korea (+2.6%) and Malaysia (+1.5%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of +9.4% from 2012-2021. Singapore experienced a relatively flat trend pattern. By contrast, Japan (-2.3%) illustrated a downward trend over the same period. China (+8.7 p.p.) and India (+2.6 p.p.) significantly strengthened its position in terms of the total exports, while Singapore, Malaysia and Japan saw its share reduced by -1.6%, -2.4% and -4.8% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest rubber tube and pipe supplier in Asia-Pacific, comprising 42% of total exports. The second position in the ranking was held by Japan ($X), with a 17% share of total exports. It was followed by Thailand, with a 12% share.

In China, rubber tube and pipe exports increased at an average annual rate of +6.5% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Japan (-4.3% per year) and Thailand (+5.5% per year).

Export Prices by Country

In 2021, the export price in Asia-Pacific amounted to $X per ton, approximately mirroring the previous year. Overall, the export price, however, showed a mild shrinkage. The growth pace was the most rapid in 2015 an increase of 5% against the previous year. The level of export peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

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 (+4.4%), while the other leaders experienced more modest paces of growth.

Imports of Tubes, Pipes And Hoses Of Vulcanized Rubber

Imports in Asia-Pacific

In 2021, overseas purchases of tubes, pipes and hoses of vulcanized rubber were finally on the rise to reach X tons after two years of decline. Over the period under review, imports, however, showed a mild downturn. The volume of import peaked at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, rubber tube and pipe imports skyrocketed to $X in 2021. In general, imports saw a relatively flat trend pattern. The level of import peaked at $X in 2018; afterwards, it flattened through to 2021.

Imports by Country

In 2021, China (X tons), distantly followed by India (X tons), Indonesia (X tons), Japan (X tons), Australia (X tons), Thailand (X tons), South Korea (X tons), the Philippines (X tons) and Singapore (X tons) represented the key importers of tubes, pipes and hoses of vulcanized rubber, together achieving 82% of total imports. Malaysia (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to rubber tube and pipe imports into China stood at +2.1%. At the same time, the Philippines (+20.7%), Malaysia (+2.4%), Thailand (+1.4%) and South Korea (+1.4%) displayed positive paces of growth. Moreover, the Philippines emerged as the fastest-growing importer imported in Asia-Pacific, with a CAGR of +20.7% from 2012-2021. Japan experienced a relatively flat trend pattern. By contrast, India (-2.3%), Singapore (-3.5%), Indonesia (-4.4%) and Australia (-11.8%) illustrated a downward trend over the same period. The Philippines (+5.6 p.p.) and China (+5.4 p.p.) significantly strengthened its position in terms of the total imports, while Indonesia and Australia saw its share reduced by -3.1% and -13.6% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported tubes, pipes and hoses of vulcanized rubber in Asia-Pacific, comprising 32% of total imports. The second position in the ranking was held by Japan ($X), with an 8.8% share of total imports. It was followed by Australia, with an 8.7% share.

From 2012 to 2021, the average annual growth rate of value in China totaled +2.0%. In the other countries, the average annual rates were as follows: Japan (-1.1% per year) and Australia (-0.8% per year).

Import Prices by Country

In 2021, the import price in Asia-Pacific amounted to $X per ton, remaining stable against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.5%. The most prominent rate of growth was recorded in 2018 an increase of 13% against the previous year. The level of import peaked at $X per ton in 2020, and then declined slightly in the following year.

Prices varied noticeably by country of destination: 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 Australia (+12.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :