Asia: 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

In 2021, the Asian solid vulcanised rubber sheet market was finally on the rise to reach $X after four years of decline. Over the period under review, consumption, however, continues to indicate a abrupt decrease. The growth pace was the most rapid in 2016 when the market value increased by 2.4%. The level of consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

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

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 abrupt curtailment. The most prominent rate of growth was recorded in 2016 when the production volume increased by 14% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

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

Exports in Asia

In 2021, exports of plates, sheets, strips for floor covering of solid vulcanised rubber in Asia soared to X tons, picking up by 23% on the previous year. The total export volume increased at an average annual rate of +1.9% 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.

In value terms, solid vulcanised rubber sheet exports skyrocketed to $X in 2021. The total export value increased at an average annual rate of +3.2% 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 was the main exporting country with an export of about X tons, which recorded 63% of total exports. It was distantly followed by India (X tons), constituting a 12% share of total exports. The following exporters - Malaysia (X tons), Turkey (X tons), South Korea (X tons), Japan (X tons) and Thailand (X tons) - together made up 18% of total exports.

Exports from China increased at an average annual rate of +2.1% from 2012 to 2021. At the same time, Turkey (+13.7%), Thailand (+12.5%), India (+9.7%) and Japan (+1.4%) displayed positive paces of growth. Moreover, Turkey emerged as the fastest-growing exporter exported in Asia, with a CAGR of +13.7% from 2012-2021. By contrast, South Korea (-1.1%) and Malaysia (-4.2%) illustrated a downward trend over the same period. From 2012 to 2021, the share of India, Turkey and Thailand increased by +5.9, +2.5 and +1.6 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest solid vulcanised rubber sheet supplier in Asia, comprising 44% of total exports. The second position in the ranking was held by Japan ($X), with a 15% share of total exports. It was followed by India, with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of value in China amounted to +6.4%. 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 stood at $X per ton in 2021, approximately mirroring the previous year. Over the last nine-year period, it increased at an average annual rate of +1.2%. The pace of growth appeared the most rapid in 2014 an increase of 8.9%. Over the period under review, the export prices reached the maximum at $X per ton in 2015; however, from 2016 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of origin: 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 China (+4.2%), while the other leaders experienced mixed trends in the export price figures.

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

Imports in Asia

After two years of decline, overseas purchases of plates, sheets, strips for floor covering of solid vulcanised rubber increased by 12% to X tons in 2021. Overall, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 21% against the previous year. Over the period under review, imports attained the maximum in 2021 and are likely to see steady growth in the immediate term.

In value terms, solid vulcanised rubber sheet imports rose rapidly to $X in 2021. In general, imports saw a relatively flat trend pattern. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, South Korea (X tons), China (X tons) and Vietnam (X tons) represented the largest importer of plates, sheets, strips for floor covering of solid vulcanised rubber in Asia, comprising 38% of total import. Japan (X tons) took the next position in the ranking, followed by the United Arab Emirates (X tons). All these countries together held near 12% share of total imports. Taiwan (Chinese) (X tons), Indonesia (X tons), Israel (X tons), the Philippines (X tons), Turkey (X tons), Thailand (X tons), Saudi Arabia (X tons) and Cambodia (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main 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 were China ($X), Vietnam ($X) and South Korea ($X), together accounting for 46% of total imports.

Vietnam, with a CAGR of +11.5%, 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 stood at $X per ton in 2021, remaining stable against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of 7.4%. As a result, import price reached the peak level of $X per ton. From 2017 to 2021, the import prices remained at a lower figure.

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 Turkey (+7.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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