Eastern Asia: Non-Reinforced Rubber Tubing Market 2024

Non-Reinforced Rubber Tubing Market Size in Eastern Asia

After two years of growth, the East Asian non-reinforced rubber tubing market decreased by -5.2% to $X in 2021. The market value increased at an average annual rate of +1.5% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. Over the period under review, the market attained the maximum level at $X in 2020, and then fell in the following year.

Non-Reinforced Rubber Tubing Production in Eastern Asia

In value terms, non-reinforced rubber tubing production declined to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.4% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2019 with an increase of 19%. The level of production peaked at $X in 2020, and then dropped slightly in the following year.

Non-Reinforced Rubber Tubing Exports

Exports in Eastern Asia

In 2021, non-reinforced rubber tubing exports in Eastern Asia surged to X tons, rising by 15% compared with the previous year. The total export volume increased at an average annual rate of +3.1% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2017 when exports increased by 22%. Over the period under review, the exports attained the peak figure in 2021 and are likely to see gradual growth in years to come.

In value terms, non-reinforced rubber tubing exports surged to $X in 2021. In general, exports, however, continue to indicate a relatively flat trend pattern. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

China represented the major exporting country with an export of about X tons, which amounted to 78% of total exports. Japan (X tons) held the second position in the ranking, distantly followed by South Korea (X tons). All these countries together took approx. 17% share of total exports. Hong Kong SAR (X tons) took a relatively small share of total exports.

Exports from China increased at an average annual rate of +5.6% from 2012 to 2021. At the same time, South Korea (+5.7%) and Hong Kong SAR (+5.3%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing exporter exported in Eastern Asia, with a CAGR of +5.7% from 2012-2021. By contrast, Japan (-6.1%) illustrated a downward trend over the same period. From 2012 to 2021, the share of China increased by +15 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest non-reinforced rubber tubing supplying countries in Eastern Asia were China ($X), Japan ($X) and South Korea ($X), with a combined 95% share of total exports.

China, with a CAGR of +8.9%, recorded the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2021, the export price in Eastern Asia amounted to $X per ton, growing by 7% against the previous year. Over the period under review, the export price, however, recorded a pronounced slump. The level of export peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, 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 China (+3.2%), while the other leaders experienced a decline in the export price figures.

Non-Reinforced Rubber Tubing Imports

Imports in Eastern Asia

In 2021, supplies from abroad of rubber tubing not reinforced was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Overall, imports continue to indicate a relatively flat trend pattern. The volume of import peaked at X tons in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

In value terms, non-reinforced rubber tubing imports soared to $X in 2021. Over the period under review, imports continue to indicate a relatively flat trend pattern. The level of import peaked at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

The purchases of the three major importers of rubber tubing not reinforced, namely China, Japan and Hong Kong SAR, represented more than two-thirds of total import. South Korea (X tons) held the next position in the ranking, followed by Taiwan (Chinese) (X tons). All these countries together took approx. 20% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Taiwan (Chinese) (with a CAGR of +8.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constitutes the largest market for imported rubber tubing not reinforced in Eastern Asia, comprising 56% of total imports. The second position in the ranking was taken by Japan ($X), with a 24% share of total imports. It was followed by Hong Kong SAR, with an 8% share.

From 2012 to 2021, the average annual growth rate of value in China was relatively modest. In the other countries, the average annual rates were as follows: Japan (+0.4% per year) and Hong Kong SAR (+2.6% per year).

Import Prices by Country

In 2021, the import price in Eastern Asia amounted to $X per ton, picking up by 4% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 9.3% against the previous year. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was China ($X per ton), while Hong Kong SAR ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+2.6%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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