South-Eastern Asia: Market for Plates, Sheets, Strips For Floor Covering Of Solid Vulcanised Rubber 2022

Market Size for Plates, Sheets, Strips For Floor Covering Of Solid Vulcanised Rubber in South-Eastern Asia

In 2021, the Southeast Asian solid vulcanised rubber sheet market was finally on the rise to reach $X for the first time since 2012, thus ending a eight-year declining trend. In general, consumption, however, recorded a abrupt descent. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Production of Plates, Sheets, Strips For Floor Covering Of Solid Vulcanised Rubber in South-Eastern Asia

In value terms, solid vulcanised rubber sheet production expanded sharply to $X in 2021 estimated in export price. Overall, production, however, showed a abrupt downturn. The level of production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Exports of Plates, Sheets, Strips For Floor Covering Of Solid Vulcanised Rubber

Exports in South-Eastern Asia

In 2021, overseas shipments of plates, sheets, strips for floor covering of solid vulcanised rubber were finally on the rise to reach X tons after two years of decline. Over the period under review, exports, however, recorded a pronounced contraction. The volume of export peaked at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, solid vulcanised rubber sheet exports reached $X in 2021. In general, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when exports increased by 20% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Malaysia was the key exporting country with an export of about X tons, which finished at 46% of total exports. It was distantly followed by Thailand (X tons), Vietnam (X tons) and Indonesia (X tons), together mixing up a 52% share of total exports. Singapore (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Thailand (with a CAGR of +12.5%), while the other leaders experienced mixed trends in the exports figures.

In value terms, Malaysia ($X), Thailand ($X) and Vietnam ($X) were the countries with the highest levels of exports in 2021, with a combined 92% share of total exports.

Vietnam, with a CAGR of +10.8%, saw the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2021, the export price in South-Eastern Asia amounted to $X per ton, leveling off at the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.1%. The most prominent rate of growth was recorded in 2018 an increase of 9.3%. The level of export peaked at $X per ton in 2020, and then fell modestly in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (+5.7%), while the other leaders experienced mixed trends in the export price figures.

Imports of Plates, Sheets, Strips For Floor Covering Of Solid Vulcanised Rubber

Imports in South-Eastern Asia

In 2021, solid vulcanised rubber sheet imports in South-Eastern Asia surged to X tons, growing by 28% against 2020 figures. Total imports indicated a strong expansion from 2012 to 2021: its volume increased at an average annual rate of +5.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +26.9% against 2018 indices. The growth pace was the most rapid in 2017 with an increase of 35% against the previous year. Over the period under review, imports reached the maximum in 2021 and are likely to continue growth in the immediate term.

In value terms, solid vulcanised rubber sheet imports skyrocketed to $X in 2021. Total imports indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +6.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +104.3% against 2016 indices. The most prominent rate of growth was recorded in 2018 when imports increased by 26% against the previous year. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in years to come.

Imports by Country

Vietnam represented the largest importing country with an import of about X tons, which recorded 39% of total imports. Indonesia (X tons) ranks second in terms of the total imports with a 14% share, followed by the Philippines (13%), Thailand (10%), Cambodia (8.6%), Malaysia (6.6%) and Singapore (6.6%).

Imports into Vietnam increased at an average annual rate of +8.5% from 2012 to 2021. At the same time, Cambodia (+20.6%), the Philippines (+14.2%), Thailand (+5.6%) and Indonesia (+1.6%) displayed positive paces of growth. Moreover, Cambodia emerged as the fastest-growing importer imported in South-Eastern Asia, with a CAGR of +20.6% from 2012-2021. By contrast, Malaysia (-1.6%) and Singapore (-6.2%) illustrated a downward trend over the same period. While the share of Vietnam (+9.4 p.p.), the Philippines (+6.9 p.p.) and Cambodia (+6.1 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Indonesia (-5.3 p.p.), Malaysia (-5.4 p.p.) and Singapore (-12 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Vietnam ($X) constitutes the largest market for imported plates, sheets, strips for floor covering of solid vulcanised rubber in South-Eastern Asia, comprising 47% of total imports. The second position in the ranking was held by Indonesia ($X), with a 15% share of total imports. It was followed by Thailand, with a 13% share.

In Vietnam, solid vulcanised rubber sheet imports expanded at an average annual rate of +11.5% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Indonesia (+5.3% per year) and Thailand (+4.7% per year).

Import Prices by Country

In 2021, the import price in South-Eastern Asia amounted to $X per ton, dropping by -1.8% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.1%. The pace of growth appeared the most rapid in 2019 an increase of 9.7%. The level of import peaked at $X per ton in 2016; however, from 2017 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+5.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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