Malaysia: Vulcanised Rubber Erases Market 2024

Vulcanised Rubber Erases Market Size in Malaysia

The Malaysian vulcanised rubber erases market rose to $X in 2021, surging by 1.5% against the previous year. Overall, consumption continues to indicate a strong increase. Vulcanised rubber erases consumption peaked in 2021 and is expected to retain growth in the immediate term.

Vulcanised Rubber Erases Production in Malaysia

In value terms, vulcanised rubber erases production declined modestly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.7% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The pace of growth appeared the most rapid in 2015 when the production volume increased by 15%. Over the period under review, production hit record highs at $X in 2020, and then reduced modestly in the following year.

Vulcanised Rubber Erases Exports

Exports from Malaysia

After two years of decline, overseas shipments of erasers of vulcanised rubber increased by 27% to X tons in 2021. Overall, exports, however, continue to indicate a abrupt slump. The growth pace was the most rapid in 2018 with an increase of 29%. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, vulcanised rubber erases exports soared to $X in 2021. Over the period under review, exports, however, continue to indicate a abrupt setback. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

China (X tons), Germany (X tons) and Turkey (X tons) were the main destinations of vulcanised rubber erases exports from Malaysia, together comprising 42% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by China (with a CAGR of +16.2%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), China ($X) and Turkey ($X) constituted the largest markets for vulcanised rubber erases exported from Malaysia worldwide, together accounting for 36% of total exports. These countries were followed by Australia, Russia, the UK, Indonesia, the United States, Peru, Lebanon, the Netherlands, Papua New Guinea and Thailand, which together accounted for a further 20%.

Russia, with a CAGR of +21.9%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average vulcanised rubber erases export price amounted to $X per ton, standing approx. at the previous year. Over the last nine years, it increased at an average annual rate of +2.2%. The pace of growth appeared the most rapid in 2017 when the average export price increased by 22% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2018 to 2021, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Indonesia ($X per ton), while the average price for exports to Papua New Guinea ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (+10.8%), while the prices for the other major destinations experienced more modest paces of growth.

Vulcanised Rubber Erases Imports

Imports into Malaysia

In 2021, overseas purchases of erasers of vulcanised rubber were finally on the rise to reach X tons after two years of decline. Overall, imports posted strong growth. The most prominent rate of growth was recorded in 2018 when imports increased by 55% against the previous year. As a result, imports reached the peak of X tons. From 2019 to 2021, the growth of imports failed to regain momentum.

In value terms, vulcanised rubber erases imports soared to $X in 2021. Over the period under review, imports enjoyed resilient growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X tons) constituted the largest vulcanised rubber erases supplier to Malaysia, accounting for a 66% share of total imports. Moreover, vulcanised rubber erases imports from China exceeded the figures recorded by the second-largest supplier, Thailand (X tons), eightfold. The third position in this ranking was taken by Indonesia (X tons), with a 6.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +4.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+22.2% per year) and Indonesia (+28.2% per year).

In value terms, China ($X) constituted the largest supplier of erasers of vulcanised rubber to Malaysia, comprising 50% of total imports. The second position in the ranking was held by the United States ($X), with a 7.9% share of total imports. It was followed by Indonesia, with a 7.8% share.

From 2012 to 2021, the average annual growth rate of value from China stood at +10.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-3.9% per year) and Indonesia (+31.5% per year).

Import Prices by Country

The average vulcanised rubber erases import price stood at $X per ton in 2021, waning by -2.9% against the previous year. Over the last nine years, it increased at an average annual rate of +1.4%. The pace of growth was the most pronounced in 2020 when the average import price increased by 34%. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Singapore ($X per ton), while the price for Hong Kong SAR ($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 (+6.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :