Eastern Asia: Vulcanised Rubber Mats Market 2024

Vulcanised Rubber Mats Market Size in Eastern Asia

After two years of decline, the East Asian vulcanised rubber mats market increased by 2.1% to $X in 2021. The market value increased at an average annual rate of +1.8% from 2012 to 2021; however, the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the market remained at a somewhat lower figure.

Vulcanised Rubber Mats Production in Eastern Asia

In value terms, vulcanised rubber mats production expanded modestly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.9% from 2012 to 2021; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The growth pace was the most rapid in 2018 when the production volume increased by 16% against the previous year. Over the period under review, production attained the maximum level at $X in 2016; however, from 2017 to 2021, production failed to regain momentum.

Vulcanised Rubber Mats Exports

Exports in Eastern Asia

In 2021, shipments abroad of floor coverings and mats of vulcanised rubber increased by 16% to X tons, rising for the fifth consecutive year after four years of decline. Total exports indicated a mild expansion from 2012 to 2021: its volume increased at an average annual rate of +1.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +87.1% against 2016 indices. The most prominent rate of growth was recorded in 2017 when exports increased by 37% against the previous year. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the immediate term.

In value terms, vulcanised rubber mats exports surged to $X in 2021. Total exports indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +5.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +103.9% against 2016 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

China dominates exports structure, finishing at X tons, which was near 95% of total exports in 2021. Taiwan (Chinese) (X tons) took a minor share of total exports.

China was also the fastest-growing in terms of the floor coverings and mats of vulcanised rubber exports, with a CAGR of +1.8% from 2012 to 2021. Taiwan (Chinese) (-1.4%) illustrated a downward trend over the same period. China (+3.7 p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest vulcanised rubber mats supplier in Eastern Asia, comprising 91% of total exports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a 3.5% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in China stood at +6.7%.

Export Prices by Country

The export price in Eastern Asia stood at $X per ton in 2021, growing by 23% against the previous year. Over the last nine years, it increased at an average annual rate of +3.8%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($X per ton), while China totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+4.9%).

Vulcanised Rubber Mats Imports

Imports in Eastern Asia

In 2021, overseas purchases of floor coverings and mats of vulcanised rubber increased by 10% to X tons, rising for the second consecutive year after two years of decline. The total import volume increased at an average annual rate of +3.2% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 with an increase of 20% against the previous year. Over the period under review, imports attained the maximum in 2021 and are likely to continue growth in the immediate term.

In value terms, vulcanised rubber mats imports soared to $X in 2021. The total import value increased at an average annual rate of +3.4% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2014 with an increase of 21%. Over the period under review, imports hit record highs in 2021 and are likely to see gradual growth in the near future.

Imports by Country

Japan was the key importing country with an import of about X tons, which recorded 44% of total imports. South Korea (X tons) took a 16% share (based on physical terms) of total imports, which put it in second place, followed by China (16%), Hong Kong SAR (12%) and Taiwan (Chinese) (10%).

From 2012 to 2021, average annual rates of growth with regard to vulcanised rubber mats imports into Japan stood at +5.9%. At the same time, China (+6.2%), Taiwan (Chinese) (+4.7%) and South Korea (+3.7%) displayed positive paces of growth. Moreover, China emerged as the fastest-growing importer imported in Eastern Asia, with a CAGR of +6.2% from 2012-2021. By contrast, Hong Kong SAR (-5.5%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Japan and China increased by +9.2 and +3.7 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest vulcanised rubber mats importing markets in Eastern Asia were Japan ($X), China ($X) and South Korea ($X), with a combined 83% share of total imports.

Among the main importing countries, South Korea, with a CAGR of +10.1%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Eastern Asia stood at $X per ton in 2021, picking up by 4.9% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 15%. As a result, import price reached the peak level of $X per ton; afterwards, it flattened through to 2021.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was China ($X per ton), while Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+6.2%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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