Malaysia: Vulcanised Rubber Thread Market 2024

Vulcanised Rubber Thread Market Size in Malaysia

The Malaysian vulcanised rubber thread market reduced slightly to $X in 2021, falling by -1.6% against the previous year. Overall, consumption, however, continues to indicate a noticeable decline. As a result, consumption reached the peak level of $X. From 2015 to 2021, the growth of the market remained at a somewhat lower figure.

Vulcanised Rubber Thread Production in Malaysia

In value terms, vulcanised rubber thread production dropped modestly to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a noticeable curtailment. The pace of growth appeared the most rapid in 2017 when the production volume increased by 41%. Vulcanised rubber thread production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Vulcanised Rubber Thread Exports

Exports from Malaysia

In 2021, the amount of vulcanised rubber thread and cord exported from Malaysia expanded significantly to X tons, with an increase of 12% against the previous year. Over the period under review, exports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of 45% against the previous year. The exports peaked in 2021 and are likely to see steady growth in the immediate term.

In value terms, vulcanised rubber thread exports skyrocketed to $X in 2021. In general, exports, however, continue to indicate a relatively flat trend pattern. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

China (X tons) was the main destination for vulcanised rubber thread exports from Malaysia, accounting for a 40% share of total exports. Moreover, vulcanised rubber thread exports to China exceeded the volume sent to the second major destination, Bangladesh (X tons), threefold. Indonesia (X tons) ranked third in terms of total exports with a 6.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to China was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Bangladesh (+10.5% per year) and Indonesia (+4.5% per year).

In value terms, China ($X) remains the key foreign market for vulcanised rubber thread and cord exports from Malaysia, comprising 42% of total exports. The second position in the ranking was held by Bangladesh ($X), with a 15% share of total exports. It was followed by Indonesia, with a 5.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value to China was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Bangladesh (+9.9% per year) and Indonesia (+2.6% per year).

Export Prices by Country

The average vulcanised rubber thread export price stood at $X per ton in 2021, rising by 34% against the previous year. In general, the export price, however, recorded a slight shrinkage. Over the period under review, the average export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major foreign markets. In 2021, amid the top suppliers, the countries with the highest prices were Argentina ($X per ton) and India ($X per ton), while the average price for exports to Indonesia ($X per ton) and South Korea ($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 Vietnam (+0.7%), while the prices for the other major destinations experienced a decline.

Vulcanised Rubber Thread Imports

Imports into Malaysia

In 2021, overseas purchases of vulcanised rubber thread and cord increased by 12% to X tons, rising for the third consecutive year after two years of decline. Over the period under review, imports recorded buoyant growth. The growth pace was the most rapid in 2020 with an increase of 70%. Over the period under review, imports reached the maximum in 2021 and are expected to retain growth in years to come.

In value terms, vulcanised rubber thread imports expanded modestly to $X in 2021. Overall, imports recorded a buoyant increase. The growth pace was the most rapid in 2020 with an increase of 89% against the previous year. Over the period under review, imports attained the maximum in 2021 and are likely to continue growth in the immediate term.

Imports by Country

China (X tons), Thailand (X tons) and Germany (X tons) were the main suppliers of vulcanised rubber thread imports to Malaysia, together accounting for 98% of total imports.

From 2012 to 2021, the biggest increases were recorded for Germany (with a CAGR of +61.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of vulcanised rubber thread and cord to Malaysia, comprising 71% of total imports. The second position in the ranking was held by Thailand ($X), with a 23% share of total imports. It was followed by Germany, with a 3.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to +36.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (-5.6% per year) and Germany (+56.0% per year).

Import Prices by Country

In 2021, the average vulcanised rubber thread import price amounted to $X per ton, waning by -8.2% against the previous year. In general, the import price recorded a pronounced curtailment. The most prominent rate of growth was recorded in 2020 an increase of 11%. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 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 India ($X per ton), while the price for Thailand ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+15.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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