Singapore: Market for Natural Rubber And Gums 2025

Market Size for Natural Rubber And Gums in Singapore

In 2022, the Singaporean natural rubber and gum market increased by 474% to $X, rising for the second consecutive year after two years of decline. Over the period under review, consumption showed a strong increase. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Production of Natural Rubber And Gums in Singapore

In value terms, natural rubber and gum production totaled less than $X in 2022 estimated in export price. Overall, production saw a relatively flat trend pattern.

The average yield of natural rubber and gums in Singapore totaled less than X kg per ha in 2022, approximately equating the year before. Over the period under review, the yield showed a relatively flat trend pattern. 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 Singapore stood at less than X ha in 2022, remaining constant against the previous year. Overall, the harvested area saw a relatively flat trend pattern.

Exports of Natural Rubber And Gums

Exports from Singapore

Natural rubber and gum exports from Singapore reduced dramatically to X tons in 2022, shrinking by -96.9% on 2021. Over the period under review, exports, however, recorded a prominent increase. The most prominent rate of growth was recorded in 2021 when exports increased by 13,613%. As a result, the exports reached the peak of X tons, and then reduced markedly in the following year.

In value terms, natural rubber and gum exports dropped dramatically to $X in 2022. In general, exports showed a precipitous setback. The most prominent rate of growth was recorded in 2016 with an increase of 9,514% against the previous year. Over the period under review, the exports reached the maximum at $X in 2021, and then declined sharply in the following year.

Exports by Country

Indonesia (X tons), Germany (X tons) and South Africa (X tons) were the main destinations of natural rubber and gum exports from Singapore, with a combined 94% share of total exports. China, Japan and the United States lagged somewhat behind, together accounting for a further 4.4%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Japan (with a CAGR of +109.4%), while the other leaders experienced more modest paces of growth.

In value terms, Indonesia ($X) emerged as the key foreign market for natural rubber and gums exports from Singapore, comprising 66% of total exports. The second position in the ranking was taken by Germany ($X), with a 14% share of total exports. It was followed by South Africa, with a 12% share.

From 2012 to 2022, the average annual growth rate of value to Indonesia stood at +49.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+15.0% per year) and South Africa (+13.9% per year).

Export Prices by Country

The average natural rubber and gum export price stood at $X per ton in 2022, surging by 92% against the previous year. Over the period under review, the export price, however, recorded a significant contraction. The most prominent rate of growth was recorded in 2017 an increase of 250%. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a 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 Japan ($X per ton), while the average price for exports to China ($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 the United States (+18.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Natural Rubber And Gums

Imports into Singapore

In 2022, the amount of natural rubber and gums imported into Singapore declined significantly to X tons, waning by -95.3% on the previous year's figure. In general, imports saw a precipitous curtailment. The most prominent rate of growth was recorded in 2021 when imports increased by 902% against the previous year. As a result, imports attained the peak of X tons, and then contracted remarkably in the following year.

In value terms, natural rubber and gum imports contracted remarkably to $X in 2022. Over the period under review, imports saw a abrupt shrinkage. The pace of growth was the most pronounced in 2021 with an increase of 655% against the previous year. As a result, imports reached the peak of $X, and then dropped markedly in the following year.

Imports by Country

Malaysia (X tons), China (X tons) and Denmark (X tons) were the main suppliers of natural rubber and gum imports to Singapore, with a combined 91% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Denmark (with a CAGR of +51.8%), while imports for the other leaders experienced mixed trend patterns.

In value terms, China ($X), Malaysia ($X) and Denmark ($X) were the largest natural rubber and gum suppliers to Singapore, with a combined 83% share of total imports.

Among the main suppliers, Denmark, with a CAGR of +53.8%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average natural rubber and gum import price stood at $X per ton in 2022, increasing by 116% against the previous year. In general, the import price recorded a strong increase. The pace of growth was the most pronounced in 2020 when the average import price increased by 220%. The import price peaked at $X per ton in 2017; however, from 2018 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Japan ($X per ton), while the price for Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+30.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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