South-Eastern Asia: Vulcanised Rubber Erases Market 2024

Vulcanised Rubber Erases Market Size in South-Eastern Asia

In 2021, the Southeast Asian vulcanised rubber erases market decreased by -0.8% to $X, falling for the third consecutive year after four years of growth. The market value increased at an average annual rate of +3.2% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Vulcanised Rubber Erases Production in South-Eastern Asia

In value terms, vulcanised rubber erases production declined slightly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.0% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The pace of growth was the most pronounced in 2015 with an increase of 14%. The level of production peaked at $X in 2020, and then declined in the following year.

Vulcanised Rubber Erases Exports

Exports in South-Eastern Asia

Vulcanised rubber erases exports rose rapidly to X tons in 2021, surging by 8.8% against the year before. In general, exports, however, saw a abrupt setback. The most prominent rate of growth was recorded in 2014 when exports increased by 30%. The volume of export peaked at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, vulcanised rubber erases exports skyrocketed to $X in 2021. Overall, exports, however, continue to indicate a deep downturn. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Malaysia was the key exporting country with an export of about X tons, which amounted to 44% of total exports. Thailand (X tons) ranks second in terms of the total exports with a 28% share, followed by Singapore (17%) and Vietnam (9.6%).

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Vietnam (with a CAGR of +13.9%), while the other leaders experienced more modest paces of growth.

In value terms, Malaysia ($X) remains the largest vulcanised rubber erases supplier in South-Eastern Asia, comprising 56% of total exports. The second position in the ranking was held by Singapore ($X), with a 17% share of total exports. It was followed by Thailand, with a 16% share.

In Malaysia, vulcanised rubber erases exports shrank by an average annual rate of -10.2% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Singapore (+3.7% per year) and Thailand (-10.1% per year).

Export Prices by Country

The export price in South-Eastern Asia stood at $X per ton in 2021, increasing by 6.3% against the previous year. In general, the export price, however, recorded a mild decrease. The pace of growth appeared the most rapid in 2019 an increase of 11%. The level of export peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Malaysia ($X per ton), while Thailand ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+3.4%), while the other leaders experienced more modest paces of growth.

Vulcanised Rubber Erases Imports

Imports in South-Eastern Asia

In 2021, purchases abroad of erasers of vulcanised rubber decreased by -16.2% to X tons, falling for the third year in a row after seven years of growth. Overall, imports showed a pronounced setback. The pace of growth was the most pronounced in 2017 when imports increased by 14% against the previous year. Over the period under review, imports reached the maximum at X tons in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, vulcanised rubber erases imports totaled $X in 2021. Over the period under review, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 36% against the previous year. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

Indonesia (X tons), Vietnam (X tons), Thailand (X tons), Malaysia (X tons) and Singapore (X tons) represented roughly 93% of total imports in 2021. The Philippines (X tons) and Cambodia (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Singapore (with a CAGR of +6.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest vulcanised rubber erases importing markets in South-Eastern Asia were Vietnam ($X), Indonesia ($X) and Malaysia ($X), together comprising 61% of total imports.

In terms of the main importing countries, Vietnam, with a CAGR of +8.8%, saw 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 import price in South-Eastern Asia amounted to $X per ton, picking up by 26% against the previous year. Import price indicated a perceptible increase from 2012 to 2021: its price increased at an average annual rate of +2.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, vulcanised rubber erases import price increased by +77.7% against 2016 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Malaysia ($X per ton), while Cambodia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Philippines (+13.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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