Eastern Asia: Unvulcanised Rubber Market 2024

Unvulcanised Rubber Market Size in Eastern Asia

After two years of decline, the East Asian unvulcanised rubber market increased by 9.5% to $X in 2021. Overall, consumption, however, continues to indicate a mild shrinkage. The level of consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Unvulcanised Rubber Production in Eastern Asia

In value terms, unvulcanised rubber production expanded significantly to $X in 2021 estimated in export price. In general, production, however, recorded a mild slump. The most prominent rate of growth was recorded in 2018 when the production volume increased by 17%. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Unvulcanised Rubber Exports

Exports in Eastern Asia

In 2021, overseas shipments of unvulcanised rubber were finally on the rise to reach X tons after two years of decline. Total exports indicated prominent growth from 2012 to 2021: its volume increased at an average annual rate of +5.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 with an increase of 27% against the previous year. Over the period under review, the exports hit record highs at X tons in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, unvulcanised rubber exports skyrocketed to $X in 2021. The total export value increased at an average annual rate of +4.0% 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 2014 when exports increased by 31% against the previous year. The level of export peaked in 2021 and is expected to retain growth in the near future.

Exports by Country

In 2021, Japan (X tons) and South Korea (X tons) were the major exporters of unvulcanised rubber in Eastern Asia, together accounting for near 78% of total exports. It was distantly followed by China (X tons), comprising a 17% share of total exports. Taiwan (Chinese) (X tons) held a minor share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by China (with a CAGR of +16.8%), while the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), South Korea ($X) and China ($X) constituted the countries with the highest levels of exports in 2021, with a combined 94% share of total exports. Taiwan (Chinese) lagged somewhat behind, comprising a further 5%.

In terms of the main exporting countries, Taiwan (Chinese), with a CAGR of +21.5%, recorded 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

The export price in Eastern Asia stood at $X per ton in 2021, rising by 13% against the previous year. In general, the export price, however, recorded a slight contraction. Over the period under review, the export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2021, major exporting countries recorded the following prices: in Taiwan (Chinese) ($X per ton) and Japan ($X per ton), while China ($X per ton) and South Korea ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+10.5%), while the other leaders experienced a decline in the export price figures.

Unvulcanised Rubber Imports

Imports in Eastern Asia

In 2021, after two years of decline, there was significant growth in supplies from abroad of unvulcanised rubber, when their volume increased by 9.1% to X tons. In general, imports, however, continue to indicate a deep reduction. The growth pace was the most rapid in 2014 when imports increased by 20%. As a result, imports attained the peak of X tons. From 2015 to 2021, the growth of imports failed to regain momentum.

In value terms, unvulcanised rubber imports totaled $X in 2021. Overall, imports, however, showed a deep setback. The level of import peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

China dominates imports structure, finishing at X tons, which was approx. 81% of total imports in 2021. Japan (X tons) held the second position in the ranking, followed by Taiwan (Chinese) (X tons). All these countries together held approx. 14% share of total imports. South Korea (X tons) held a relatively small share of total imports.

From 2012 to 2021, average annual rates of growth with regard to unvulcanised rubber imports into China stood at -9.8%. Taiwan (Chinese) experienced a relatively flat trend pattern. South Korea (-1.1%) and Japan (-9.9%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Taiwan (Chinese) and South Korea increased by +3.8 and +2 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported unvulcanised rubber in Eastern Asia, comprising 85% of total imports. The second position in the ranking was taken by Japan ($X), with a 6.8% share of total imports. It was followed by Taiwan (Chinese), with a 4.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value in China amounted to -8.6%. The remaining importing countries recorded the following average annual rates of imports growth: Japan (-11.9% per year) and Taiwan (Chinese) (-2.1% per year).

Import Prices by Country

In 2021, the import price in Eastern Asia amounted to $X per ton, with an increase of 4.6% against the previous year. In general, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when the import price increased by 18% against the previous year. Over the period under review, import prices attained the maximum in 2021 and is likely to continue growth in the near future.

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 China (+1.4%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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