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Report Update Nov 1, 2024

Malaysia - Synthetic Latex Rubber - Market Analysis, Forecast, Size, Trends and Insights

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Malaysia: Synthetic Latex Rubber Market 2024

Synthetic Latex Rubber Market Size in Malaysia

For the fifth year in a row, the Malaysian synthetic latex rubber market recorded growth in sales value, which increased by 75% to $X in 2021. Over the period under review, consumption recorded a prominent increase. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Synthetic Latex Rubber Exports

Exports from Malaysia

In 2021, overseas shipments of synthetic latex rubber increased by 62% to X tons, rising for the second year in a row after three years of decline. Over the period under review, exports recorded strong growth. The most prominent rate of growth was recorded in 2016 when exports increased by 92%. The exports peaked in 2021 and are expected to retain growth in the near future.

In value terms, synthetic latex rubber exports skyrocketed to $X in 2021. In general, exports enjoyed a remarkable increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Thailand (X tons) was the main destination for synthetic latex rubber exports from Malaysia, accounting for a 55% share of total exports. Moreover, synthetic latex rubber exports to Thailand exceeded the volume sent to the second major destination, China (X tons), threefold. The third position in this ranking was taken by Sri Lanka (X tons), with a 7.2% share.

From 2012 to 2021, the average annual growth rate of volume to Thailand totaled +8.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+16.8% per year) and Sri Lanka (-0.5% per year).

In value terms, Thailand ($X) remains the key foreign market for synthetic latex rubber exports from Malaysia, comprising 55% of total exports. The second position in the ranking was taken by China ($X), with a 23% share of total exports. It was followed by Sri Lanka, with a 7.3% share.

From 2012 to 2021, the average annual growth rate of value to Thailand stood at +11.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+19.6% per year) and Sri Lanka (+1.5% per year).

Export Prices by Country

The average synthetic latex rubber export price stood at $X per ton in 2021, jumping by 61% against the previous year. In general, export price indicated a pronounced expansion from 2012 to 2021: its price increased at an average annual rate of +2.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat for the major external markets. In 2021, amid the top suppliers, the countries with the highest prices were China ($X per ton) and Sri Lanka ($X per ton), while the average price for exports to Vietnam ($X per ton) and the United States ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (+3.5%), while the prices for the other major destinations experienced more modest paces of growth.

Synthetic Latex Rubber Imports

Imports into Malaysia

In 2021, approx. X tons of synthetic latex rubber were imported into Malaysia; rising by 34% compared with the previous year. Over the period under review, imports saw resilient growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, synthetic latex rubber imports soared to $X in 2021. In general, imports continue to indicate a strong increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, South Korea (X tons) constituted the largest synthetic latex rubber supplier to Malaysia, with a 66% share of total imports. Moreover, synthetic latex rubber imports from South Korea exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X tons), threefold. Japan (X tons) ranked third in terms of total imports with a 4% share.

From 2012 to 2021, the average annual growth rate of volume from South Korea totaled +19.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+10.5% per year) and Japan (+9.1% per year).

In value terms, the largest synthetic latex rubber suppliers to Malaysia were South Korea ($X), Taiwan (Chinese) ($X) and Thailand ($X), with a combined 89% share of total imports. These countries were followed by Japan and China, which together accounted for a further 9.2%.

China, with a CAGR of +46.9%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average synthetic latex rubber import price amounted to $X per ton, increasing by 51% against the previous year. Overall, the import price continues to indicate a slight increase. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 Thailand ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+5.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for synthetic latex rubber in the world?

China remains the largest synthetic latex rubber consuming country worldwide, comprising approx. 20% of total volume. Moreover, synthetic latex rubber consumption in China exceeded the figures recorded by the second-largest consumer, Malaysia, twofold. India ranked third in terms of total consumption with a 7.9% share.

What are the largest producers of synthetic latex rubber in the world?

The countries with the highest volumes of synthetic latex rubber production in 2021 were China, South Korea and India, with a combined 40% share of global production.

What are the leading suppliers of synthetic latex rubber to Malaysia?

In value terms, South Korea, Taiwan Chinese) and China constituted the largest synthetic latex rubber suppliers to Malaysia, with a combined 88% share of total imports.

What are the leading importers of synthetic latex rubber from Malaysia?

In value terms, Australia, Canada and New Zealand constituted the largest markets for synthetic latex rubber exported from Malaysia worldwide, with a combined 53% share of total exports.

What is the average export price for synthetic latex rubber in Malaysia?

The average synthetic latex rubber export price stood at $1,954 per ton in 2021, with an increase of 82% against the previous year.

What is the average import price for synthetic latex rubber in Malaysia?

The average synthetic latex rubber import price stood at $1,111 per ton in 2021, picking up by 1.8% against the previous year.

This report provides an in-depth analysis of the synthetic latex rubber market in Malaysia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 20171050 - Synthetic latex rubber

Country coverage:

Malaysia

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Malaysia
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023