Malaysia: Market for Natural Rubber And Gums 2024

Market Size for Natural Rubber And Gums in Malaysia

The Malaysian natural rubber and gum market rose remarkably to $X in 2022, with an increase of 5.8% against the previous year. Overall, consumption showed a abrupt downturn. The growth pace was the most rapid in 2017 when the market value increased by 8.1%. Natural rubber and gum consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Production of Natural Rubber And Gums in Malaysia

In value terms, natural rubber and gum production fell to $X in 2022 estimated in export price. Overall, production, however, saw a abrupt slump. The pace of growth was the most pronounced in 2021 when the production volume increased by 14%. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

The average yield of natural rubber and gums in Malaysia expanded modestly to X kg per ha in 2022, increasing by 4.7% compared with the year before. Over the period under review, the yield, however, saw a drastic downturn. The most prominent rate of growth was recorded in 2017 when the yield increased by 9.5%. Over the period under review, the average natural rubber and gum yield reached the peak level at X kg per ha in 2012; however, from 2013 to 2022, the yield stood at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The natural rubber and gum harvested area in Malaysia stood at X ha in 2022, almost unchanged from the previous year. In general, the harvested area showed a relatively flat trend pattern. The growth pace was the most rapid in 2019 when the harvested area increased by 2.8% against the previous year. Over the period under review, the harvested area dedicated to natural rubber and gum production attained the maximum at X ha in 2020; afterwards, it flattened through to 2022.

Exports of Natural Rubber And Gums

Exports from Malaysia

In 2022, exports of natural rubber and gums from Malaysia contracted to X tons, with a decrease of -1.8% against the previous year's figure. Over the period under review, exports, however, continue to indicate a strong expansion. The most prominent rate of growth was recorded in 2017 when exports increased by 185% against the previous year. As a result, the exports attained the peak of X tons. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, natural rubber and gum exports shrank to $X in 2022. In general, exports showed a pronounced setback. The growth pace was the most rapid in 2017 when exports increased by 148%. As a result, the exports attained the peak of $X. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

China (X tons), Italy (X tons) and Spain (X tons) were the main destinations of natural rubber and gum exports from Malaysia, with a combined 37% share of total exports. Japan, India, the UK, the Netherlands, Sri Lanka, Argentina, Poland, France and Brazil lagged somewhat behind, together accounting for a further 28%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by India (with a CAGR of +43.5%), while the other leaders experienced more modest paces of growth.

In value terms, China ($X), Italy ($X) and Spain ($X) appeared to be the largest markets for natural rubber and gum exported from Malaysia worldwide, with a combined 35% share of total exports. Japan, the UK, India, Argentina, France, Poland, the Netherlands, Sri Lanka and Brazil lagged somewhat behind, together accounting for a further 27%.

Among the main countries of destination, India, with a CAGR of +30.3%, saw 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

In 2022, the average natural rubber and gum export price amounted to $X per ton, shrinking by -11.1% against the previous year. Overall, the export price saw a abrupt slump. The growth pace was the most rapid in 2021 an increase of 30%. The export price peaked 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 for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Argentina (-6.8%), while the prices for the other major destinations experienced a decline.

Imports of Natural Rubber And Gums

Imports into Malaysia

In 2022, the amount of natural rubber and gums imported into Malaysia dropped notably to X tons, waning by -35.3% on 2021. In general, imports, however, showed a modest expansion. The most prominent rate of growth was recorded in 2017 when imports increased by 81%. 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 expanded modestly to $X in 2022. Overall, imports recorded a pronounced reduction. The most prominent rate of growth was recorded in 2017 with an increase of 32%. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Sri Lanka (X tons) was the main supplier of natural rubber and gum to Malaysia, with a 94% share of total imports. Moreover, natural rubber and gum imports from Sri Lanka exceeded the figures recorded by the second-largest supplier, the UK (X tons), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume from Sri Lanka amounted to +614.7%.

In value terms, Sri Lanka ($X) constituted the largest supplier of natural rubber and gums to Malaysia, comprising 86% of total imports. The second position in the ranking was held by the UK ($X), with a 7.1% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Sri Lanka amounted to +535.3%.

Import Prices by Country

In 2022, the average natural rubber and gum import price amounted to $X per ton, with an increase of 58% against the previous year. In general, the import price, however, continues to indicate a abrupt shrinkage. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($X per ton), while the price for Sri Lanka amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (-6.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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