Asia: Non-Reinforced Rubber Tubing Market 2024

Non-Reinforced Rubber Tubing Market Size in Asia

The Asian non-reinforced rubber tubing market totaled $X in 2021, with an increase of 1.9% against the previous year. The market value increased at an average annual rate of +1.5% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level of $X. From 2017 to 2021, the growth of the market failed to regain momentum.

Non-Reinforced Rubber Tubing Production in Asia

In value terms, non-reinforced rubber tubing production expanded markedly to $X in 2021 estimated in export price. The total production indicated a perceptible increase from 2012 to 2021: its value increased at an average annual rate of +2.6% 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 decreased by -28.2% against 2018 indices. The pace of growth appeared the most rapid in 2018 with an increase of 20%. As a result, production attained the peak level of $X. From 2019 to 2021, production growth remained at a lower figure.

Non-Reinforced Rubber Tubing Exports

Exports in Asia

In 2021, after two years of decline, there was significant growth in shipments abroad of rubber tubing not reinforced, when their volume increased by 10% to X tons. The total export volume increased at an average annual rate of +1.9% from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2017 with an increase of 16%. The volume of export peaked at X tons in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, non-reinforced rubber tubing exports surged to $X in 2021. Over the period under review, exports saw a mild expansion. Over the period under review, the exports hit record highs 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) was the key exporter of rubber tubing not reinforced, committing 49% of total exports. Thailand (X tons) held a 13% share (based on physical terms) of total exports, which put it in second place, followed by Malaysia (8.1%), Japan (7.7%) and Turkey (6.9%). The following exporters - India (X tons) and South Korea (X tons) - each recorded a 6.4% share of total exports.

From 2012 to 2021, average annual rates of growth with regard to non-reinforced rubber tubing exports from China stood at +5.6%. At the same time, Turkey (+12.2%), India (+8.9%) and South Korea (+5.7%) displayed positive paces of growth. Moreover, Turkey emerged as the fastest-growing exporter exported in Asia, with a CAGR of +12.2% from 2012-2021. By contrast, Malaysia (-1.7%), Thailand (-1.8%) and Japan (-6.1%) illustrated a downward trend over the same period. China (+13 p.p.), Turkey (+4 p.p.) and India (+1.5 p.p.) significantly strengthened its position in terms of the total exports, while Malaysia, Thailand and Japan saw its share reduced by -3.2%, -5.2% and -8.4% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X), Japan ($X) and Thailand ($X) appeared to be the countries with the highest levels of exports in 2021, with a combined 76% share of total exports. These countries were followed by Turkey, Malaysia, South Korea and India, which together accounted for a further 17%.

India, with a CAGR of +18.3%, saw the highest growth rate of the value of exports, among the main exporting countries 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 stood at $X per ton in 2021, rising by 7.3% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. 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 (+8.6%), while the other leaders experienced more modest paces of growth.

Non-Reinforced Rubber Tubing Imports

Imports in Asia

In 2021, purchases abroad of rubber tubing not reinforced decreased by -3% to X tons, falling for the second consecutive year after four years of growth. Overall, imports continue to indicate a noticeable slump. The growth pace was the most rapid in 2018 with an increase of 7.5% against the previous year. The volume of import peaked at X tons in 2014; however, from 2015 to 2021, imports failed to regain momentum.

In value terms, non-reinforced rubber tubing imports rose notably to $X in 2021. In general, imports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when imports increased by 16%. As a result, imports reached the peak of $X. From 2019 to 2021, the growth of imports failed to regain momentum.

Imports by Country

The countries with the highest levels of non-reinforced rubber tubing imports in 2021 were 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 Kazakhstan (X tons), together recording 69% of total import. Taiwan (Chinese) (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for the Philippines (with a CAGR of +15.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constitutes the largest market for imported rubber tubing not reinforced in Asia, comprising 29% of total imports. The second position in the ranking was held by Japan ($X), with a 12% share of total imports. It was followed by Vietnam, with a 6.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value in China was relatively modest. In the other countries, the average annual rates were as follows: Japan (+0.4% per year) and Vietnam (+1.4% per year).

Import Prices by Country

In 2021, the import price in Asia amounted to $X per ton, picking up by 10% against the previous year. Over the last nine years, it increased at an average annual rate of +2.5%. The growth pace was the most rapid in 2015 an increase of 10%. Over the period under review, import prices reached the peak figure in 2021 and is likely to see steady growth in the immediate term.

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

Source: IndexBox Platform

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