Asia: Market for Vulcanised Cellular Rubber Articles For Technical Uses 2024

Market Size for Vulcanised Cellular Rubber Articles For Technical Uses in Asia

In 2021, after five years of growth, there was significant decline in the Asian vulcanised cellular rubber articles market, when its value decreased by -12.6% to $X. The total consumption indicated a moderate expansion from 2012 to 2021: its value increased at an average annual rate of +4.8% 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 increased by +74.7% against 2015 indices. As a result, consumption reached the peak level of $X, and then declined in the following year.

Production of Vulcanised Cellular Rubber Articles For Technical Uses in Asia

In value terms, vulcanised cellular rubber articles production declined to $X in 2021 estimated in export price. The total production indicated a notable increase from 2012 to 2021: its value increased at an average annual rate of +4.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +62.5% against 2015 indices. The growth pace was the most rapid in 2020 with an increase of 29% against the previous year. As a result, production reached the peak level of $X, and then contracted in the following year.

Exports of Vulcanised Cellular Rubber Articles For Technical Uses

Exports in Asia

In 2021, shipments abroad of vulcanised cellular rubber articles for technical uses increased by 20% to X tons, rising for the fifth year in a row after two years of decline. The total export volume increased at an average annual rate of +6.7% over the period 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.

In value terms, vulcanised cellular rubber articles exports soared to $X in 2021. The total export value increased at an average annual rate of +7.4% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2013 when exports increased by 30%. Over the period under review, the exports reached the maximum in 2021 and are likely to continue growth in the near future.

Exports by Country

China prevails in exports structure, reaching X tons, which was near 58% of total exports in 2021. Turkey (X tons) ranks second in terms of the total exports with a 9.8% share, followed by Taiwan (Chinese) (8.3%), South Korea (7%) and the United Arab Emirates (6.6%). Singapore (X tons) and Thailand (X tons) took a minor share of total exports.

From 2012 to 2021, average annual rates of growth with regard to vulcanised cellular rubber articles exports from China stood at +6.6%. At the same time, Singapore (+42.0%), Turkey (+19.1%), the United Arab Emirates (+18.2%) and Taiwan (Chinese) (+14.0%) displayed positive paces of growth. Moreover, Singapore emerged as the fastest-growing exporter exported in Asia, with a CAGR of +42.0% from 2012-2021. Thailand experienced a relatively flat trend pattern. By contrast, South Korea (-5.7%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Turkey, the United Arab Emirates, Taiwan (Chinese) and Singapore increased by +6.2, +4, +3.7 and +2.5 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest vulcanised cellular rubber articles supplier in Asia, comprising 56% of total exports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a 15% share of total exports. It was followed by South Korea, with a 6.6% share.

From 2012 to 2021, the average annual growth rate of value in China stood at +11.1%. In the other countries, the average annual rates were as follows: Taiwan (Chinese) (+13.5% per year) and South Korea (-9.9% per year).

Export Prices by Country

The export price in Asia stood at $X per ton in 2021, increasing by 6.7% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of 13%. As a result, the export price reached the peak level of $X per ton. From 2015 to 2021, the export prices remained at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was Taiwan (Chinese) ($X per ton), while the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+12.7%), while the other leaders experienced more modest paces of growth.

Imports of Vulcanised Cellular Rubber Articles For Technical Uses

Imports in Asia

In 2021, purchases abroad of vulcanised cellular rubber articles for technical uses decreased by -5.4% to X tons for the first time since 2018, thus ending a two-year rising trend. Total imports indicated a prominent increase from 2012 to 2021: its volume increased at an average annual rate of +10.2% 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 +139.3% against 2012 indices. The growth pace was the most rapid in 2013 when imports increased by 51% against the previous year. The volume of import peaked at X tons in 2020, and then shrank in the following year.

In value terms, vulcanised cellular rubber articles imports reduced modestly to $X in 2021. The total import value increased at an average annual rate of +6.6% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 when imports increased by 49% against the previous year. Over the period under review, imports hit record highs at $X in 2020, and then fell in the following year.

Imports by Country

In 2021, Saudi Arabia (X tons) and South Korea (X tons) were the largest importers of vulcanised cellular rubber articles for technical uses in Asia, together achieving 26% of total imports. Malaysia (X tons) held the next position in the ranking, followed by Indonesia (X tons), China (X tons) and the Philippines (X tons). All these countries together held approx. 25% share of total imports. Japan (X tons), Vietnam (X tons), Turkey (X tons), the United Arab Emirates (X tons), Pakistan (X tons), Singapore (X tons) and Taiwan (Chinese) (X tons) held a relatively small share 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 the Philippines (with a CAGR of +34.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constitutes the largest market for imported vulcanised cellular rubber articles for technical uses in Asia, comprising 22% of total imports. The second position in the ranking was taken by Malaysia ($X), with an 8.6% share of total imports. It was followed by South Korea, with an 8.2% share.

From 2012 to 2021, the average annual growth rate of value in China was relatively modest. In the other countries, the average annual rates were as follows: Malaysia (+5.0% per year) and South Korea (+28.1% per year).

Import Prices by Country

In 2021, the import price in Asia amounted to $X per ton, rising by 5.2% against the previous year. Overall, the import price, however, showed a perceptible downturn. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was China ($X per ton), while Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Philippines (+13.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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