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

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

The Asian rubber tube and pipe market shrank modestly to $X in 2021, reducing by -2.1% against the previous year. Over the period under review, consumption recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 with an increase of 6.6% against the previous year. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

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

In value terms, rubber tube and pipe production stood at $X in 2021 estimated in export price. Overall, production, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the production volume increased by 15%. As a result, production attained the peak level of $X. From 2019 to 2021, production growth remained at a somewhat lower figure.

Exports of Tubes, Pipes And Hoses Of Vulcanized Rubber

Exports in Asia

In 2021, shipments abroad of tubes, pipes and hoses of vulcanized rubber increased by 39% to X tons for the first time since 2018, thus ending a two-year declining trend. The total export volume increased at an average annual rate of +4.5% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. 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 surged to $X in 2021. The total export value increased at an average annual rate of +3.7% 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.

Exports by Country

China represented the largest exporting country with an export of around X tons, which recorded 46% of total exports. Turkey (X tons) ranks second in terms of the total exports with a 20% share, followed by Thailand (6.8%), Malaysia (6.7%), India (6%) and Japan (4.8%). South Korea (X tons) took a minor share 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%), Turkey (+5.6%), 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, with a CAGR of +9.4% from 2012-2021. By contrast, Japan (-2.3%) illustrated a downward trend over the same period. While the share of China (+6.1 p.p.), India (+2 p.p.) and Turkey (+1.7 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Malaysia (-2 p.p.) and Japan (-4 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X), Turkey ($X) and Japan ($X) appeared to be the countries with the highest levels of exports in 2021, with a combined 67% share of total exports. Thailand, South Korea, India and Malaysia lagged somewhat behind, together comprising a further 26%.

India, with a CAGR of +14.2%, saw the highest rates of growth with regard to 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, flattening at the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2015 when the export price increased by 3.2% 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

In 2021, overseas purchases of tubes, pipes and hoses of vulcanized rubber were finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. In general, imports showed a relatively flat trend pattern. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, rubber tube and pipe imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +1.1% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X tons), distantly followed by the United Arab Emirates (X tons), India (X tons), Indonesia (X tons), Japan (X tons), Thailand (X tons), Turkey (X tons), South Korea (X tons) and the Philippines (X tons) represented the main importers of tubes, pipes and hoses of vulcanized rubber, together generating 62% of total imports. Singapore (X tons), Saudi Arabia (X tons), Kazakhstan (X tons) and Malaysia (X tons) followed a long way behind the leaders.

Imports into China increased at an average annual rate of +2.1% from 2012 to 2021. At the same time, the Philippines (+20.7%), Turkey (+4.1%), the United Arab Emirates (+2.5%), Malaysia (+2.4%), Thailand (+1.4%), South Korea (+1.4%) and Kazakhstan (+1.1%) displayed positive paces of growth. Moreover, the Philippines emerged as the fastest-growing importer imported in Asia, with a CAGR of +20.7% from 2012-2021. Saudi Arabia and Japan experienced a relatively flat trend pattern. By contrast, India (-2.3%), Singapore (-3.5%) and Indonesia (-4.4%) illustrated a downward trend over the same period. While the share of the Philippines (+3.9 p.p.) and China (+1.6 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of India (-2.1 p.p.), Singapore (-2.2 p.p.) and Indonesia (-3.9 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported tubes, pipes and hoses of vulcanized rubber in Asia, comprising 27% of total imports. The second position in the ranking was held by Japan ($X), with a 7.5% share of total imports. It was followed by Thailand, with a 7.2% share.

In China, rubber tube and pipe imports increased at an average annual rate of +2.0% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Japan (-1.1% per year) and Thailand (-2.7% per year).

Import Prices by Country

In 2021, the import price in Asia amounted to $X per ton, increasing by 3.1% against the previous year. Overall, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 an increase of 6.5% against the previous year. As a result, import price attained the peak level of $X per ton. From 2019 to 2021, the import prices remained at a somewhat lower figure.

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 India (+3.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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