Asia: Unvulcanized Rubber Market 2024

Unvulcanized Rubber Market Size in Asia

The Asian unvulcanized rubber market reduced modestly to $X in 2022, with a decrease of -1.6% against the previous year. The market value increased at an average annual rate of +2.9% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market failed to regain momentum.

Unvulcanized Rubber Production in Asia

In value terms, unvulcanized rubber production fell to $X in 2022 estimated in export price. The total production indicated a modest increase from 2012 to 2022: its value increased at an average annual rate of +1.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +7.6% against 2020 indices. The most prominent rate of growth was recorded in 2018 with an increase of 53%. The level of production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Unvulcanized Rubber Exports

Exports in Asia

In 2022, after two years of growth, there was decline in overseas shipments of unvulcanized rubber and articles thereof, when their volume decreased by -1.2% to X tons. In general, exports recorded a deep downturn. The pace of growth appeared the most rapid in 2021 with an increase of 15% against the previous year. The volume of export peaked at X tons in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, unvulcanized rubber exports expanded notably to $X in 2022. Overall, exports showed a deep slump. The pace of growth was the most pronounced in 2021 with an increase of 27% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

China (X tons) and Thailand (X tons) represented roughly 55% of total exports in 2022. Malaysia (X tons) took the next position in the ranking, followed by Turkey (X tons), India (X tons), Japan (X tons) and South Korea (X tons). All these countries together held near 35% share of total exports.

From 2012 to 2022, the biggest increases were recorded for India (with a CAGR of +6.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Thailand ($X) and Japan ($X) were the countries with the highest levels of exports in 2022, together accounting for 62% of total exports.

China, with a CAGR of +9.6%, recorded the highest growth rate of the value of exports, in terms of 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 2022, surging by 7.4% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2016 when the export price increased by 21%. The level of export peaked in 2022 and is likely to continue growth in the near future.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Japan ($X per ton), while Turkey ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+5.7%), while the other leaders experienced mixed trends in the export price figures.

Unvulcanized Rubber Imports

Imports in Asia

In 2022, the amount of unvulcanized rubber and articles thereof imported in Asia shrank modestly to X tons, approximately mirroring the year before. Overall, imports recorded a abrupt setback. The most prominent rate of growth was recorded in 2021 with an increase of 13%. The volume of import peaked at X tons in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, unvulcanized rubber imports shrank slightly to $X in 2022. In general, imports showed a deep setback. The growth pace was the most rapid in 2021 with an increase of 23%. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X tons) and India (X tons) represented the main importers of unvulcanized rubber and articles thereof in Asia, together comprising 41% of total imports. Turkey (X tons) took the next position in the ranking, followed by Vietnam (X tons). All these countries together held approx. 20% share of total imports. The following importers - South Korea (X tons), Thailand (X tons), Indonesia (X tons), Malaysia (X tons), the United Arab Emirates (X tons), Japan (X tons), Taiwan (Chinese) (X tons), Bangladesh (X tons) and Sri Lanka (X tons) - together made up 27% of total imports.

From 2012 to 2022, the biggest increases were recorded for India (with a CAGR of +13.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constitutes the largest market for imported unvulcanized rubber and articles thereof in Asia, comprising 31% of total imports. The second position in the ranking was taken by India ($X), with an 11% share of total imports. It was followed by Vietnam, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value in China stood at -15.8%. In the other countries, the average annual rates were as follows: India (+11.1% per year) and Vietnam (+11.6% per year).

Import Prices by Country

In 2022, the import price in Asia amounted to $X per ton, approximately equating the previous year. In general, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the import price increased by 37%. Over the period under review, import prices hit record highs at $X per ton in 2012; afterwards, it flattened through to 2022.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was China ($X per ton), while India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+3.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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