China: Market for Natural Rubber And Gums 2024

Market Size for Natural Rubber And Gums in China

The Chinese natural rubber and gum market rose markedly to $X in 2022, picking up by 9.6% against the previous year. Over the period under review, consumption, however, showed a perceptible curtailment. Natural rubber and gum consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Production of Natural Rubber And Gums in China

In value terms, natural rubber and gum production reached $X in 2022 estimated in export price. Over the period under review, production showed a deep contraction. The most prominent rate of growth was recorded in 2017 when the production volume increased by 25% against the previous year. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

The average yield of natural rubber and gums in China contracted to X kg per ha in 2022, which is down by -4% on the previous year's figure. Over the period under review, the yield continues to indicate a noticeable slump. The pace of growth appeared the most rapid in 2021 with an increase of 8.8%. The natural rubber and gum yield peaked at X tons per ha in 2013; however, from 2014 to 2022, the yield remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the natural rubber and gum harvested area in China contracted slightly to X ha, standing approx. at 2021 figures. The harvested area increased at an average annual rate of +1.4% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2015 with an increase of 5.5% against the previous year. Over the period under review, the harvested area dedicated to natural rubber and gum production reached the maximum at X ha in 2021, and then declined modestly in the following year.

Exports of Natural Rubber And Gums

Exports from China

In 2022, approx. X tons of natural rubber and gums were exported from China; picking up by 102% on the previous year's figure. Overall, exports showed a significant increase. The most prominent rate of growth was recorded in 2013 when exports increased by 5,702%. As a result, the exports reached the peak of X tons. From 2014 to 2022, the growth of the exports remained at a lower figure.

In value terms, natural rubber and gum exports soared to $X in 2022. In general, exports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2013 with an increase of 4,027%. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Russia (X tons), Vietnam (X tons) and Iran (X tons) were the main destinations of natural rubber and gum exports from China, with a combined 52% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Russia (with a CAGR of +554.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X) emerged as the key foreign market for natural rubber and gums exports from China, comprising 34% of total exports. The second position in the ranking was taken by Vietnam ($X), with a 16% share of total exports. It was followed by Iran, with a 9.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Russia stood at +712.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (+9.8% per year) and Iran (+16.0% per year).

Export Prices by Country

The average natural rubber and gum export price stood at $X per ton in 2022, surging by 6.7% against the previous year. In general, the export price, however, showed a noticeable reduction. The pace of growth was the most pronounced in 2020 an increase of 29%. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Bangladesh ($X per ton), while the average price for exports to Mongolia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+39.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Natural Rubber And Gums

Imports into China

In 2022, natural rubber and gum imports into China skyrocketed to X tons, growing by 20% compared with the year before. Over the period under review, total imports indicated a prominent expansion from 2012 to 2022: its volume increased at an average annual rate of +7.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 with an increase of 40% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in the near future.

In value terms, natural rubber and gum imports expanded rapidly to $X in 2022. Overall, total imports indicated a modest expansion from 2012 to 2022: its value increased at an average annual rate of +1.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +37.7% against 2019 indices. The growth pace was the most rapid in 2017 when imports increased by 49% against the previous year. Imports peaked in 2022 and are likely to see steady growth in years to come.

Imports by Country

In 2022, Thailand (X tons) constituted the largest supplier of natural rubber and gum to China, accounting for a 69% share of total imports. Moreover, natural rubber and gum imports from Thailand exceeded the figures recorded by the second-largest supplier, Vietnam (X tons), twofold.

From 2012 to 2022, the average annual growth rate of volume from Thailand totaled +4.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+44.3% per year) and Malaysia (-3.9% per year).

In value terms, Thailand ($X) constituted the largest supplier of natural rubber and gums to China, comprising 71% of total imports. The second position in the ranking was held by Vietnam ($X), with a 27% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Thailand stood at -1.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+35.3% per year) and Malaysia (-7.4% per year).

Import Prices by Country

The average natural rubber and gum import price stood at $X per ton in 2022, with a decrease of -4.5% against the previous year. In general, the import price continues to indicate a drastic downturn. The pace of growth appeared the most rapid in 2021 an increase of 14%. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Malaysia ($X per ton), while the price for Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (-3.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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