Asia-Pacific: Market for Vulcanised Cellular Rubber Articles For Technical Uses 2024

Market Size for Vulcanised Cellular Rubber Articles For Technical Uses in Asia-Pacific

In 2021, the Asia-Pacific vulcanised cellular rubber articles market decreased by -12.6% to $X for the first time since 2015, thus ending a five-year rising trend. The total consumption indicated a notable increase from 2012 to 2021: its value increased at an average annual rate of +4.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +76.7% against 2015 indices. As a result, consumption reached the peak level of $X, and then contracted in the following year.

Production of Vulcanised Cellular Rubber Articles For Technical Uses in Asia-Pacific

In value terms, vulcanised cellular rubber articles production reduced to $X in 2021 estimated in export price. The total production indicated noticeable growth from 2012 to 2021: its value increased at an average annual rate of +4.2% 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 increased by +65.9% against 2015 indices. The most prominent rate of growth was recorded in 2020 with an increase of 29% against the previous year. As a result, production reached the peak level of $X, and then dropped in the following year.

Exports of Vulcanised Cellular Rubber Articles For Technical Uses

Exports in Asia-Pacific

In 2021, approx. X tons of vulcanised cellular rubber articles for technical uses were exported in Asia-Pacific; picking up by 15% on the year before. The total export volume increased at an average annual rate of +5.3% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, vulcanised cellular rubber articles exports skyrocketed to $X in 2021. The total export value increased at an average annual rate of +6.9% 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

China prevails in exports structure, resulting at X tons, which was approx. 69% of total exports in 2021. Taiwan (Chinese) (X tons) took a 9.9% share (based on physical terms) of total exports, which put it in second place, followed by South Korea (8.4%). Singapore (X tons), Thailand (X tons) and Indonesia (X tons) took a minor share of total exports.

Exports from China increased at an average annual rate of +6.6% from 2012 to 2021. At the same time, Indonesia (+98.3%), Singapore (+42.0%) and Taiwan (Chinese) (+14.0%) displayed positive paces of growth. Moreover, Indonesia emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of +98.3% from 2012-2021. Thailand experienced a relatively flat trend pattern. By contrast, South Korea (-5.7%) illustrated a downward trend over the same period. From 2012 to 2021, the share of China, Taiwan (Chinese), Singapore and Indonesia increased by +7, +5, +3 and +1.6 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest vulcanised cellular rubber articles supplier in Asia-Pacific, comprising 61% of total exports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a 17% share of total exports. It was followed by South Korea, with a 7.2% share.

In China, vulcanised cellular rubber articles exports increased at an average annual rate of +11.1% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Taiwan (Chinese) (+13.5% per year) and South Korea (-9.9% per year).

Export Prices by Country

In 2021, the export price in Asia-Pacific amounted to $X per ton, rising by 12% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.5%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Taiwan (Chinese) ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+12.7%), while the other leaders experienced mixed trends in the export price figures.

Imports of Vulcanised Cellular Rubber Articles For Technical Uses

Imports in Asia-Pacific

After two years of growth, supplies from abroad of vulcanised cellular rubber articles for technical uses decreased by -0.3% to X tons in 2021. Total imports indicated a buoyant increase from 2012 to 2021: its volume increased at an average annual rate of +10.3% 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 +40.3% against 2018 indices. The growth pace was the most rapid in 2013 with an increase of 66% against the previous year. Over the period under review, imports attained the maximum at X tons in 2020, and then shrank slightly in the following year.

In value terms, vulcanised cellular rubber articles imports rose modestly to $X in 2021. The total import value increased at an average annual rate of +6.6% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 with an increase of 55%. The level of import peaked at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, South Korea (X tons), distantly followed by Malaysia (X tons), Indonesia (X tons), China (X tons), the Philippines (X tons), Japan (X tons), Vietnam (X tons) and Pakistan (X tons) were the major importers of vulcanised cellular rubber articles for technical uses, together making up 74% of total imports. Singapore (X tons), Taiwan (Chinese) (X tons), Thailand (X tons), Australia (X tons) and India (X tons) took a relatively small share of total imports.

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 +34.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constitutes the largest market for imported vulcanised cellular rubber articles for technical uses in Asia-Pacific, comprising 28% of total imports. The second position in the ranking was held by Malaysia ($X), with an 11% share of total imports. It was followed by South Korea, with a 10% share.

In China, vulcanised cellular rubber articles imports remained relatively stable over the period from 2012-2021. In the other countries, the average annual rates were as follows: Malaysia (+5.0% per year) and South Korea (+28.1% per year).

Import Prices by Country

In 2021, the import price in Asia-Pacific amounted to $X per ton, surging by 2.8% against the previous year. Overall, the import price, however, saw a perceptible decrease. The pace of growth appeared the most rapid in 2017 an increase of 3.8% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was China ($X per ton), while Pakistan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Philippines (+13.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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