Malaysia: Vulcanised Rubber Mats Market 2024

Vulcanised Rubber Mats Market Size in Malaysia

The Malaysian vulcanised rubber mats market dropped slightly to $X in 2021, declining by -3.4% against the previous year. The market value increased at an average annual rate of +1.3% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the market remained at a somewhat lower figure.

Vulcanised Rubber Mats Production in Malaysia

In value terms, vulcanised rubber mats production rose remarkably to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.5% 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 with an increase of 28% against the previous year. Over the period under review, production reached the maximum level at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

Vulcanised Rubber Mats Exports

Exports from Malaysia

In 2021, the amount of floor coverings and mats of vulcanised rubber exported from Malaysia soared to X tons, increasing by 44% against the previous year. Overall, total exports indicated a resilient increase from 2012 to 2021: its volume increased at an average annual rate of +6.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -12.1% against 2019 indices. The most prominent rate of growth was recorded in 2014 when exports increased by 48% against the previous year. The exports peaked at X tons in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, vulcanised rubber mats exports skyrocketed to $X in 2021. Over the period under review, total exports indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +7.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States (X tons), Australia (X tons) and the UK (X tons) were the main destinations of vulcanised rubber mats exports from Malaysia, with a combined 56% share of total exports. Hong Kong SAR, Singapore, Japan, Germany, Italy, China, India, the Netherlands, the United Arab Emirates and Thailand lagged somewhat behind, together comprising a further 30%.

From 2012 to 2021, the biggest increases were recorded for India (with a CAGR of +35.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Australia ($X) and Japan ($X) constituted the largest markets for vulcanised rubber mats exported from Malaysia worldwide, with a combined 47% share of total exports. The UK, Germany, Singapore, China, Hong Kong SAR, Italy, India, the United Arab Emirates, Thailand and the Netherlands lagged somewhat behind, together comprising a further 31%.

India, with a CAGR of +44.9%, 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 mats export price amounted to $X per ton, increasing by 11% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.4%. The pace of growth appeared the most rapid in 2020 when the average export price increased by 12%. The export price peaked in 2021 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($X per ton), while the average price for exports to Hong Kong SAR ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to India (+7.4%), while the prices for the other major destinations experienced more modest paces of growth.

Vulcanised Rubber Mats Imports

Imports into Malaysia

In 2021, approx. X tons of floor coverings and mats of vulcanised rubber were imported into Malaysia; with an increase of 33% on the year before. In general, imports showed a prominent expansion. The most prominent rate of growth was recorded in 2013 with an increase of 197%. Over the period under review, imports reached the peak figure at X tons in 2016; however, from 2017 to 2021, imports failed to regain momentum.

In value terms, vulcanised rubber mats imports soared to $X in 2021. Overall, imports showed buoyant growth. The most prominent rate of growth was recorded in 2013 when imports increased by 214%. Over the period under review, imports reached the maximum at $X in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X tons) was the main supplier of vulcanised rubber mats to Malaysia, accounting for a 92% share of total imports. It was followed by South Korea (X tons), with a 0.9% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from China stood at +22.9%.

In value terms, China ($X) constituted the largest supplier of floor coverings and mats of vulcanised rubber to Malaysia, comprising 85% of total imports. The second position in the ranking was held by South Korea ($X), with a 1.8% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled +25.5%.

Import Prices by Country

In 2021, the average vulcanised rubber mats import price amounted to $X per ton, surging by 4.2% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 an increase of 27%. Over the period under review, average import prices attained the maximum at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was South Korea ($X per ton), while the price for China amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+8.0%).

Source: IndexBox Platform

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