Eastern Asia: Market for Plates, Sheets, Strips For Floor Covering Of Solid Vulcanised Rubber 2022

Market Size for Plates, Sheets, Strips For Floor Covering Of Solid Vulcanised Rubber in Eastern Asia

After four years of decline, the East Asian solid vulcanised rubber sheet market increased by 2.4% to $X in 2021. In general, consumption, however, saw a abrupt descent. The level of consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Production of Plates, Sheets, Strips For Floor Covering Of Solid Vulcanised Rubber in Eastern Asia

In value terms, solid vulcanised rubber sheet production totaled $X in 2021 estimated in export price. In general, production, however, saw a abrupt descent. The pace of growth appeared the most rapid in 2016 with an increase of 35%. The level of production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Exports of Plates, Sheets, Strips For Floor Covering Of Solid Vulcanised Rubber

Exports in Eastern Asia

In 2021, the amount of plates, sheets, strips for floor covering of solid vulcanised rubber exported in Eastern Asia soared to X tons, increasing by 19% compared with the previous year's figure. The total export volume increased at an average annual rate of +1.1% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 with an increase of 25%. The volume of export peaked in 2021 and is likely to see steady growth in years to come.

In value terms, solid vulcanised rubber sheet exports surged to $X in 2021. The total export value increased at an average annual rate of +2.7% 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.

Exports by Country

China prevails in exports structure, amounting to X tons, which was approx. 87% of total exports in 2021. It was distantly followed by South Korea (X tons), mixing up a 4.9% share of total exports. Japan (X tons) and Taiwan (Chinese) (X tons) followed a long way behind the leaders.

China was also the fastest-growing in terms of the plates, sheets, strips for floor covering of solid vulcanised rubber exports, with a CAGR of +2.1% from 2012 to 2021. At the same time, Japan (+1.4%) displayed positive paces of growth. By contrast, South Korea (-1.1%) and Taiwan (Chinese) (-11.6%) illustrated a downward trend over the same period. While the share of China (+7.4 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Taiwan (Chinese) (-4.8 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest solid vulcanised rubber sheet supplier in Eastern Asia, comprising 64% of total exports. The second position in the ranking was taken by Japan ($X), with a 22% share of total exports. It was followed by South Korea, with a 7.9% share.

In China, solid vulcanised rubber sheet exports expanded at an average annual rate of +6.4% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Japan (-0.2% per year) and South Korea (+1.6% per year).

Export Prices by Country

The export price in Eastern Asia stood at $X per ton in 2021, growing by 2.2% against the previous year. Over the last nine years, it increased at an average annual rate of +1.6%. The pace of growth was the most pronounced in 2014 when the export price increased by 11%. Over the period under review, the export prices attained the peak figure at $X per ton in 2015; however, from 2016 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Japan ($X per ton), while China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+4.9%), while the other leaders experienced more modest paces of growth.

Imports of Plates, Sheets, Strips For Floor Covering Of Solid Vulcanised Rubber

Imports in Eastern Asia

In 2021, solid vulcanised rubber sheet imports in Eastern Asia expanded remarkably to X tons, with an increase of 6.4% on the year before. Overall, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 16%. The volume of import peaked at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, solid vulcanised rubber sheet imports rose notably to $X in 2021. In general, imports, however, showed a mild reduction. The level of import peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, South Korea (X tons) and China (X tons) were the key importers of plates, sheets, strips for floor covering of solid vulcanised rubber in Eastern Asia, together accounting for approx. 68% of total imports. Japan (X tons) held a 16% share (based on physical terms) of total imports, which put it in second place, followed by Taiwan (Chinese) (11%). Hong Kong SAR (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Taiwan (Chinese) (with a CAGR of +4.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constitutes the largest market for imported plates, sheets, strips for floor covering of solid vulcanised rubber in Eastern Asia, comprising 58% of total imports. The second position in the ranking was taken by South Korea ($X), with a 15% share of total imports. It was followed by Japan, with a 13% share.

In China, solid vulcanised rubber sheet imports remained relatively stable over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: South Korea (+1.1% per year) and Japan (-4.2% per year).

Import Prices by Country

The import price in Eastern Asia stood at $X per ton in 2021, approximately reflecting the previous year. In general, the import price, however, saw a slight shrinkage. The growth pace was the most rapid in 2016 an increase of 10%. As a result, import price attained the peak level of $X per ton. From 2017 to 2021, the import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Hong Kong SAR ($X per ton), while South Korea ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+6.6%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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