Singapore: Market for Vulcanised Cellular Rubber Articles For Technical Uses 2025

Market Size for Vulcanised Cellular Rubber Articles For Technical Uses in Singapore

The Singaporean vulcanised cellular rubber articles market surged to $X in 2021, rising by 30% against the previous year. In general, consumption recorded a moderate increase. Vulcanised cellular rubber articles consumption peaked at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Production of Vulcanised Cellular Rubber Articles For Technical Uses in Singapore

In value terms, vulcanised cellular rubber articles production expanded sharply to $X in 2021 estimated in export price. Over the period under review, production continues to indicate a significant increase. The pace of growth appeared the most rapid in 2018 with an increase of 1,504%. As a result, production reached the peak level of $X. From 2019 to 2021, production growth remained at a somewhat lower figure.

Exports of Vulcanised Cellular Rubber Articles For Technical Uses

Exports from Singapore

In 2021, vulcanised cellular rubber articles exports from Singapore surged to X tons, picking up by 19% on 2020 figures. In general, exports enjoyed a significant increase. The pace of growth was the most pronounced in 2018 with an increase of 364%. The exports peaked at X tons in 2019; afterwards, it flattened through to 2021.

In value terms, vulcanised cellular rubber articles exports declined to $X in 2021. Overall, exports posted a significant increase. The growth pace was the most rapid in 2018 when exports increased by 505%. As a result, the exports attained the peak of $X. From 2019 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

China (X tons) was the main destination for vulcanised cellular rubber articles exports from Singapore, with a 41% share of total exports. Moreover, vulcanised cellular rubber articles exports to China exceeded the volume sent to the second major destination, Malaysia (X tons), twofold. Taiwan (Chinese) (X tons) ranked third in terms of total exports with a 7.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to China stood at +62.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (+54.6% per year) and Taiwan (Chinese) (+70.0% per year).

In value terms, China ($X) remains the key foreign market for vulcanised cellular rubber articles for technical uses exports from Singapore, comprising 41% of total exports. The second position in the ranking was held by Malaysia ($X), with a 17% share of total exports. It was followed by Taiwan (Chinese), with a 7.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value to China amounted to +31.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (+23.0% per year) and Taiwan (Chinese) (+68.6% per year).

Export Prices by Country

The average vulcanised cellular rubber articles export price stood at $X per ton in 2021, shrinking by -26.9% against the previous year. Overall, the export price showed a abrupt downturn. The pace of growth appeared the most rapid in 2018 an increase of 30% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Average prices varied noticeably for the major external markets. In 2021, the highest price was recorded for prices to the Philippines ($X per ton) and Japan ($X per ton), while the average price for exports to Taiwan (Chinese) ($X per ton) and Thailand ($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 Hong Kong SAR (+30.7%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Vulcanised Cellular Rubber Articles For Technical Uses

Imports into Singapore

Vulcanised cellular rubber articles imports into Singapore skyrocketed to X tons in 2021, rising by 47% against the previous year. In general, imports continue to indicate prominent growth. The most prominent rate of growth was recorded in 2013 with an increase of 349% against the previous year. Over the period under review, imports hit record highs at X tons in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, vulcanised cellular rubber articles imports surged to $X in 2021. Over the period under review, imports posted a buoyant expansion. The growth pace was the most rapid in 2013 when imports increased by 301%. Over the period under review, imports attained the maximum at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

China (X tons), Japan (X tons) and the United States (X tons) were the main suppliers of vulcanised cellular rubber articles imports to Singapore, with a combined 70% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United States (with a CAGR of +22.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest vulcanised cellular rubber articles suppliers to Singapore were China ($X), Japan ($X) and the United States ($X), together comprising 66% of total imports.

Among the main suppliers, the United States, with a CAGR of +21.9%, recorded the highest rates of growth with regard to the value of imports, 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 vulcanised cellular rubber articles import price amounted to $X per ton, increasing by 15% against the previous year. In general, the import price, however, continues to indicate a mild decrease. Over the period under review, average import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2021, the highest price was recorded for prices from the UK ($X per ton) and Taiwan (Chinese) ($X per ton), while the price for South Korea ($X per ton) and China ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+0.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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