Asia: Prepared Rubber Accelerators Market 2024

Prepared Rubber Accelerators Market Size in Asia

The Asian prepared rubber accelerators market was finally on the rise to reach $X in 2021, after two years of decline. The total consumption indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +5.0% 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 -4.1% against 2018 indices. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the market remained at a somewhat lower figure.

Prepared Rubber Accelerators Production in Asia

In value terms, prepared rubber accelerators production stood at $X in 2021 estimated in export price. The total production indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +6.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -4.8% against 2018 indices. The pace of growth appeared the most rapid 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 failed to regain momentum.

Prepared Rubber Accelerators Exports

Exports in Asia

In 2021, after two years of decline, there was significant growth in shipments abroad of prepared rubber accelerators, when their volume increased by 25% to X tons. Total exports indicated a buoyant expansion from 2012 to 2021: its volume increased at an average annual rate of +9.9% 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 39%. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the immediate term.

In value terms, prepared rubber accelerators exports skyrocketed to $X in 2021. Total exports indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +10.6% over the last nine-year period. 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, with the volume of exports resulting at X tons, which was near 68% of total exports in 2021. Malaysia (X tons) held a 10% share (based on physical terms) of total exports, which put it in second place, followed by Taiwan (Chinese) (9.2%). The following exporters - South Korea (X tons) and India (X tons) - together made up 7.7% 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. While the share of China (+6.6 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of India (-1.7 p.p.) and South Korea (-2.3 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest prepared rubber accelerators supplier in Asia, comprising 71% of total exports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a 6.7% share of total exports. It was followed by Malaysia, with a 6.1% share.

In China, prepared rubber accelerators exports expanded 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

The export price in Asia stood at $X per ton in 2021, picking up by 23% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. Over the period under review, the export prices attained the peak figure 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

In 2021, imports of prepared rubber accelerators in Asia soared to X tons, increasing by 18% against 2020 figures. Total imports indicated a strong expansion from 2012 to 2021: its volume increased at an average annual rate of +7.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +23.0% against 2019 indices. The most prominent rate of growth was recorded in 2014 when imports increased by 24% against the previous year. 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 a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +6.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The countries with the highest levels of prepared rubber accelerators imports in 2021 were Thailand (X tons), Indonesia (X tons), India (X tons), Vietnam (X tons) and China (X tons), together recording 74% of total import. The following importers - Malaysia (X tons), South Korea (X tons), Sri Lanka (X tons), Turkey (X tons), Hong Kong SAR (X tons), Taiwan (Chinese) (X tons) and Saudi Arabia (X tons) - together made up 19% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Saudi Arabia (with a CAGR of +23.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest prepared rubber accelerators importing markets in Asia were Thailand ($X), India ($X) and Indonesia ($X), with a combined 48% share of total imports. These countries were followed by China, Vietnam, South Korea, Malaysia, Turkey, Sri Lanka, Taiwan (Chinese), Saudi Arabia and Hong Kong SAR, which together accounted for a further 46%.

In terms of the main importing countries, Saudi Arabia, with a CAGR of +27.5%, saw the highest growth rate of the value of imports, 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, surging by 18% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. Over the period under review, import prices reached the maximum at $X per ton in 2018; however, from 2019 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of destination: 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 Saudi Arabia (+3.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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