Report Update Nov 1, 2024

Singapore - Reclaimed Rubber - Market Analysis, Forecast, Size, Trends and Insights

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Singapore: Reclaimed Rubber Market 2024

Reclaimed Rubber Market Size in Singapore

The Singaporean reclaimed rubber market dropped sharply to $X in 2021, which is down by -37.4% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption recorded a abrupt descent. As a result, consumption attained the peak level of $X. From 2017 to 2021, the growth of the market failed to regain momentum.

Reclaimed Rubber Exports

Exports from Singapore

In 2021, shipments abroad of reclaimed rubber increased by 15% to X tons, rising for the third year in a row after four years of decline. In general, exports enjoyed modest growth. The pace of growth appeared the most rapid in 2019 when exports increased by 192%. The exports peaked at X tons in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, reclaimed rubber exports surged to $X in 2021. Over the period under review, exports saw a significant expansion. The growth pace was the most rapid in 2019 when exports increased by 734% against the previous year. The exports peaked in 2021 and are expected to retain growth in the near future.

Exports by Country

Hong Kong SAR (X tons), Thailand (X tons) and China (X tons) were the main destinations of reclaimed rubber exports from Singapore, with a combined 93% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Thailand (with a CAGR of +386.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Thailand ($X), Hong Kong SAR ($X) and China ($X) constituted the largest markets for reclaimed rubber exported from Singapore worldwide, with a combined 95% share of total exports.

Thailand, with a CAGR of +289.6%, recorded the highest growth rate of the value of exports, among 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

The average reclaimed rubber export price stood at $X per ton in 2021, jumping by 29% against the previous year. In general, the export price continues to indicate a buoyant increase. The most prominent rate of growth was recorded in 2017 when the average export price increased by 454%. Over the period under review, the average export prices hit record highs in 2021 and is likely to see gradual growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Thailand ($X per ton), while the average price for exports to Malaysia ($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 Hong Kong SAR (+75.9%), while the prices for the other major destinations experienced more modest paces of growth.

Reclaimed Rubber Imports

Imports into Singapore

Reclaimed rubber imports into Singapore totaled X tons in 2021, growing by 5.5% on the previous year's figure. Over the period under review, imports, however, saw a abrupt descent. The growth pace was the most rapid in 2019 when imports increased by 59% against the previous year. Imports peaked at X tons in 2016; however, from 2017 to 2021, imports remained at a lower figure.

In value terms, reclaimed rubber imports shrank significantly to $X in 2021. In general, imports showed resilient growth. The pace of growth was the most pronounced in 2014 with an increase of 151%. Over the period under review, imports attained the peak figure at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Canada (X tons) constituted the largest supplier of reclaimed rubber to Singapore, with a 42% share of total imports. Moreover, reclaimed rubber imports from Canada exceeded the figures recorded by the second-largest supplier, China (X tons), twofold. The third position in this ranking was held by Portugal (X tons), with an 18% share.

From 2012 to 2021, the average annual growth rate of volume from Canada totaled +213.5%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-6.9% per year) and Portugal (0.0% per year).

In value terms, South Korea ($X) constituted the largest supplier of reclaimed rubber to Singapore, comprising 52% of total imports. The second position in the ranking was taken by Canada ($X), with a 21% share of total imports. It was followed by China, with a 16% share.

From 2012 to 2021, the average annual growth rate of value from South Korea totaled +68.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (+268.5% per year) and China (+0.8% per year).

Import Prices by Country

In 2021, the average reclaimed rubber import price amounted to $X per ton, reducing by -40.4% against the previous year. In general, the import price, however, enjoyed a prominent increase. The pace of growth was the most pronounced in 2014 an increase of 80% against the previous year. The import price peaked at $X per ton in 2020, and then declined remarkably in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Korea ($X per ton), while the price for Portugal ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+95.4%), 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 reclaimed rubber in the world?

The country with the largest volume of reclaimed rubber consumption was China, accounting for 21% of total volume. Moreover, reclaimed rubber consumption in China exceeded the figures recorded by the second-largest consumer, the U.S., twofold. India ranked third in terms of total consumption with a 8.5% share.

What are the largest producers of reclaimed rubber in the world?

The countries with the highest volumes of reclaimed rubber production in 2020 were China, India and the U.S., with a combined 38% share of global production. These countries were followed by Canada, Japan, the UK, Russia, Thailand, Brazil, Indonesia, France, Turkey and Malaysia, which together accounted for a further 33%.

What are the leading suppliers of reclaimed rubber to Singapore?

In value terms, South Korea constituted the largest supplier of reclaimed rubber to Singapore, comprising 83% of total imports. The second position in the ranking was occupied by China, with a 7.7% share of total imports. It was followed by Canada, with a 3.1% share.

What are the leading importers of reclaimed rubber from Singapore?

In value terms, Thailand remains the key foreign market for reclaimed rubber exports from Singapore, comprising 65% of total exports. The second position in the ranking was occupied by Hong Kong SAR, with a 27% share of total exports.

What is the average export price for reclaimed rubber in Singapore?

In 2020, the average reclaimed rubber export price amounted to $825 per ton, declining by -26.6% against the previous year.

What is the average import price for reclaimed rubber in Singapore?

In 2020, the average reclaimed rubber import price amounted to $2,548 per ton, surging by 38% against the previous year.

This report provides an in-depth analysis of the reclaimed rubber market in Singapore. 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 22191000 - Reclaimed rubber in primary forms or in plates, sheets or strips

Country coverage:

Singapore

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Singapore
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