Overview of the Global Market for Natural Rubber And Gums

Market Size for Natural Rubber And Gums

The global natural rubber and gum market reached $X in 2022, remaining relatively unchanged against the previous year. Overall, consumption, however, recorded a mild setback. Global consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Production of Natural Rubber And Gums

In value terms, natural rubber and gum production declined slightly to $X in 2022 estimated in export price. Overall, production saw a pronounced shrinkage. The most prominent rate of growth was recorded in 2017 with an increase of 27%. Global production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

The countries with the highest volumes of production in 2022 were Thailand (X tons), Indonesia (X tons) and Vietnam (X tons), together comprising 64% of global production. Cote d'Ivoire, India, China and Malaysia lagged somewhat behind, together accounting for a further 20%.

From 2012 to 2022, the biggest increases were recorded for Cote d'Ivoire (with a CAGR of +12.5%), while production for the other global leaders experienced more modest paces of growth.

In 2022, the global average natural rubber and gum yield stood at X tons per ha, almost unchanged from 2021 figures. Overall, the yield, however, showed a mild descent. The most prominent rate of growth was recorded in 2016 with an increase of 0.6%. The global yield peaked at X tons per ha in 2012; however, from 2013 to 2022, the yield remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The global natural rubber and gum harvested area shrank slightly to X ha in 2022, therefore, remained relatively stable against 2021. The harvested area increased at an average annual rate of +2.1% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2014 when the harvested area increased by 4.3% against the previous year. The global harvested area peaked at X ha in 2021, and then reduced modestly in the following year.

Exports of Natural Rubber And Gums

Exports

After two years of growth, overseas shipments of natural rubber and gums decreased by -9.8% to X tons in 2022. The total export volume increased at an average annual rate of +2.2% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The pace of growth was the most pronounced in 2017 with an increase of 12%. The global exports peaked at X tons in 2021, and then contracted in the following year.

In value terms, natural rubber and gum exports reduced to $X in 2022. Overall, exports showed a perceptible slump. The pace of growth was the most pronounced in 2017 when exports increased by 39% against the previous year. Over the period under review, the global exports reached the peak figure at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, Thailand (X tons) represented the largest exporter of natural rubber and gums, creating 71% of total exports. It was distantly followed by Vietnam (X tons), generating a 12% share of total exports. The following exporters - Lao People's Democratic Republic (X tons), Guatemala (X tons) and Malaysia (X tons) - each recorded a 12% share of total exports.

Exports from Thailand increased at an average annual rate of +1.5% from 2012 to 2022. At the same time, Lao People's Democratic Republic (+37.5%), Vietnam (+13.6%), Malaysia (+6.3%) and Guatemala (+5.4%) displayed positive paces of growth. Moreover, Lao People's Democratic Republic emerged as the fastest-growing exporter exported in the world, with a CAGR of +37.5% from 2012-2022. From 2012 to 2022, the share of Vietnam and Lao People's Democratic Republic increased by +8.1 and +4.2 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Thailand ($X) remains the largest natural rubber and gum supplier worldwide, comprising 68% of global exports. The second position in the ranking was held by Vietnam ($X), with an 11% share of global exports. It was followed by Malaysia, with a 4.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Thailand amounted to -3.7%. The remaining exporting countries recorded the following average annual rates of exports growth: Vietnam (+7.4% per year) and Malaysia (-2.9% per year).

Export Prices by Country

The average natural rubber and gum export price stood at $X per ton in 2022, with a decrease of -4.5% against the previous year. Over the period under review, the export price saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2017 when the average export price increased by 25%. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Malaysia ($X per ton), while Lao People's Democratic Republic ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Guatemala (-4.2%), while the other global leaders experienced a decline in the export price figures.

Imports of Natural Rubber And Gums

Imports

In 2022, global imports of natural rubber and gums contracted to X tons, reducing by -10.1% against the previous year's figure. In general, total imports indicated a temperate increase from 2012 to 2022: its volume increased at an average annual rate of +2.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -18.9% against 2020 indices. The growth pace was the most rapid in 2017 when imports increased by 37% against the previous year. Global imports peaked at X tons in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, natural rubber and gum imports shrank modestly to $X in 2022. Over the period under review, imports recorded a pronounced decline. The pace of growth was the most pronounced in 2017 with an increase of 33% against the previous year. Global imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X tons) represented the largest importer of natural rubber and gums, committing 44% of total imports. It was distantly followed by Malaysia (X tons), constituting a 25% share of total imports. The United States (X tons), Brazil (X tons), Mexico (X tons), Turkey (X tons), the Netherlands (X tons), Italy (X tons), Indonesia (X tons) and Vietnam (X tons) took a minor share of total imports.

From 2012 to 2022, the biggest increases were recorded for Vietnam (with a CAGR of +19.9%), while purchases for the other global leaders experienced more modest paces of growth.

In value terms, the largest natural rubber and gum importing markets worldwide were China ($X), Malaysia ($X) and the United States ($X), together accounting for 70% of global imports. Brazil, the Netherlands, Mexico, Italy, Turkey, Indonesia and Vietnam lagged somewhat behind, together accounting for a further 14%.

Vietnam, with a CAGR of +17.0%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

The average natural rubber and gum import price stood at $X per ton in 2022, surging by 9.7% against the previous year. Overall, the import price, however, recorded a abrupt slump. The pace of growth was the most pronounced in 2021 an increase of 29%. Over the period under review, average import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (-2.5%), while the other global leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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