China: Vulcanised Rubber Erases Market 2024

Vulcanised Rubber Erases Market Size in China

The Chinese vulcanised rubber erases market amounted to $X in 2021, increasing by 9.5% against the previous year. Over the period under review, consumption showed strong growth. Vulcanised rubber erases consumption peaked at $X in 2016; however, from 2017 to 2021, consumption stood at a somewhat lower figure.

Vulcanised Rubber Erases Production in China

In value terms, vulcanised rubber erases production shrank to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.4% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2016 with an increase of 26%. As a result, production attained the peak level of $X. From 2017 to 2021, production growth failed to regain momentum.

Vulcanised Rubber Erases Exports

Exports from China

In 2021, the amount of erasers of vulcanised rubber exported from China dropped to X tons, which is down by -10% on the previous year. In general, exports continue to indicate a deep slump. The most prominent rate of growth was recorded in 2017 when exports increased by 48% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, vulcanised rubber erases exports rose slightly to $X in 2021. Over the period under review, exports showed a slight slump. The most prominent rate of growth was recorded in 2015 when exports increased by 18% against the previous year. As a result, the exports attained the peak of $X. From 2016 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The United States (X tons) was the main destination for vulcanised rubber erases exports from China, with a 19% share of total exports. Moreover, vulcanised rubber erases exports to the United States exceeded the volume sent to the second major destination, Mexico (X tons), threefold. The third position in this ranking was taken by Russia (X tons), with a 4.1% share.

From 2012 to 2021, the average annual growth rate of volume to the United States stood at -6.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (-0.2% per year) and Russia (+10.6% per year).

In value terms, the United States ($X) remains the key foreign market for erasers of vulcanised rubber exports from China, comprising 14% of total exports. The second position in the ranking was taken by the UK ($X), with a 4.3% share of total exports. It was followed by Mexico, with a 3.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States totaled -5.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+1.5% per year) and Mexico (+0.0% per year).

Export Prices by Country

In 2021, the average vulcanised rubber erases export price amounted to $X per ton, with an increase of 13% against the previous year. Over the period under review, export price indicated resilient growth from 2012 to 2021: its price increased at an average annual rate of +5.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, vulcanised rubber erases export price increased by +24.7% against 2018 indices. The pace of growth appeared the most rapid in 2016 when the average export price increased by 29% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2017 to 2021, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Pakistan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Nigeria (+10.4%), while the prices for the other major destinations experienced more modest paces of growth.

Vulcanised Rubber Erases Imports

Imports into China

Vulcanised rubber erases imports into China surged to X tons in 2021, with an increase of 38% on the previous year's figure. In general, imports recorded a resilient expansion. The most prominent rate of growth was recorded in 2013 with an increase of 85% against the previous year. Imports peaked at X tons in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, vulcanised rubber erases imports soared to $X in 2021. Overall, imports continue to indicate a buoyant increase. The growth pace was the most rapid in 2013 when imports increased by 62% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Japan (X tons) constituted the largest supplier of vulcanised rubber erases to China, with a 61% share of total imports. Moreover, vulcanised rubber erases imports from Japan exceeded the figures recorded by the second-largest supplier, Malaysia (X tons), threefold. Spain (X tons) ranked third in terms of total imports with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Japan amounted to +21.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+10.9% per year) and Spain (+52.2% per year).

In value terms, Japan ($X) constituted the largest supplier of erasers of vulcanised rubber to China, comprising 64% of total imports. The second position in the ranking was held by Malaysia ($X), with a 16% share of total imports. It was followed by Spain, with a 4.2% share.

From 2012 to 2021, the average annual growth rate of value from Japan stood at +17.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+14.8% per year) and Spain (+41.6% per year).

Import Prices by Country

The average vulcanised rubber erases import price stood at $X per ton in 2021, waning by -2.2% against the previous year. Over the period under review, the import price saw a mild slump. The growth pace was the most rapid in 2017 an increase of 55% against the previous year. The import price peaked at $X per ton in 2018; however, from 2019 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Spain ($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 United Arab Emirates (+31.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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