China: Vulcanised Rubber Thread Market 2024

Vulcanised Rubber Thread Market Size in China

The Chinese vulcanised rubber thread market was finally on the rise to reach $X in 2021, after three years of decline. In general, consumption continues to indicate a prominent increase. Over the period under review, the market hit record highs in 2021 and is likely to see gradual growth in the immediate term.

Vulcanised Rubber Thread Exports

Exports from China

In 2021, the amount of vulcanised rubber thread and cord exported from China expanded markedly to X tons, growing by 9.1% on 2020 figures. In general, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 88%. As a result, the exports attained the peak of X tons. From 2015 to 2021, the growth of the exports failed to regain momentum.

In value terms, vulcanised rubber thread exports expanded remarkably to $X in 2021. Over the period under review, exports showed a pronounced expansion. The most prominent rate of growth was recorded in 2014 when exports increased by 132% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Vietnam (X tons), the United States (X tons) and Mexico (X tons) were the main destinations of vulcanised rubber thread exports from China, together comprising 22% of total exports. Sudan, India, Thailand, the Philippines, Uzbekistan, Angola, Germany, Bangladesh, Iraq and Indonesia lagged somewhat behind, together comprising a further 30%.

From 2012 to 2021, the biggest increases were recorded for Uzbekistan (with a CAGR of +44.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Mexico ($X) and Vietnam ($X) constituted the largest markets for vulcanised rubber thread exported from China worldwide, together accounting for 22% of total exports. These countries were followed by Thailand, India, Sudan, the Philippines, Germany, Iraq, Uzbekistan, Angola, Indonesia and Bangladesh, which together accounted for a further 29%.

In terms of the main countries of destination, Uzbekistan, with a CAGR of +43.2%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average vulcanised rubber thread export price amounted to $X per ton, picking up by 3.9% against the previous year. In general, export price indicated a measured expansion from 2012 to 2021: its price increased at an average annual rate of +3.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, vulcanised rubber thread export price increased by +79.3% against 2016 indices. The pace of growth appeared the most rapid in 2017 when the average export price increased by 53%. The export price peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Mexico ($X per ton), while the average price for exports to Bangladesh ($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 Thailand (+8.3%), while the prices for the other major destinations experienced more modest paces of growth.

Vulcanised Rubber Thread Imports

Imports into China

In 2021, the amount of vulcanised rubber thread and cord imported into China soared to X tons, increasing by 22% compared with the year before. Overall, imports showed resilient growth. The pace of growth was the most pronounced in 2015 when imports increased by 55% against the previous year. Imports peaked in 2021 and are expected to retain growth in the near future.

In value terms, vulcanised rubber thread imports skyrocketed to $X in 2021. In general, imports continue to indicate a buoyant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Thailand (X tons) constituted the largest vulcanised rubber thread supplier to China, with a 75% share of total imports. Moreover, vulcanised rubber thread imports from Thailand exceeded the figures recorded by the second-largest supplier, Malaysia (X tons), fourfold. Vietnam (X tons) ranked third in terms of total imports with a 2.1% share.

From 2012 to 2021, the average annual growth rate of volume from Thailand stood at +14.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (-0.5% per year) and Vietnam (+70.6% per year).

In value terms, Thailand ($X) constituted the largest supplier of vulcanised rubber thread and cord to China, comprising 73% of total imports. The second position in the ranking was taken by Malaysia ($X), with a 22% share of total imports. It was followed by Indonesia, with a 2.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Thailand stood at +12.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (-1.3% per year) and Indonesia (+2.9% per year).

Import Prices by Country

The average vulcanised rubber thread import price stood at $X per ton in 2021, growing by 32% against the previous year. Over the period under review, the import price, however, saw a slight decline. The import price peaked at $X per ton in 2012; however, from 2013 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 Indonesia ($X per ton), while the price for Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Indonesia (+0.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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