South-Eastern Asia: Prepared Rubber Accelerators Market 2024

Prepared Rubber Accelerators Market Size in South-Eastern Asia

In 2021, the Southeast Asian prepared rubber accelerators market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. The total consumption indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +8.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Prepared Rubber Accelerators Production in South-Eastern Asia

In value terms, prepared rubber accelerators production rose sharply to $X in 2021 estimated in export price. The total production indicated a tangible expansion from 2012 to 2021: its value increased at an average annual rate of +4.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -10.7% against 2019 indices. The most prominent rate of growth was recorded in 2019 when the production volume increased by 44% against the previous year. As a result, production attained the peak level of $X. From 2020 to 2021, production growth remained at a somewhat lower figure.

Prepared Rubber Accelerators Exports

Exports in South-Eastern Asia

In 2021, shipments abroad of prepared rubber accelerators increased by 25% to X tons, rising for the second consecutive year after three years of decline. Total exports indicated a resilient increase from 2012 to 2021: its volume increased at an average annual rate of +9.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +32.1% against 2019 indices. The most prominent rate of growth was recorded in 2015 with an increase of 26% against the previous year. Over the period under review, the exports reached the peak figure in 2021 and are expected to retain growth in the immediate term.

In value terms, prepared rubber accelerators exports skyrocketed to $X in 2021. Total exports indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +7.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Malaysia prevails in exports structure, accounting for X tons, which was near 88% of total exports in 2021. It was distantly followed by Thailand (X tons), creating a 7.9% share of total exports. Singapore (X tons) held a minor share of total exports.

Malaysia was also the fastest-growing in terms of the prepared rubber accelerators exports, with a CAGR of +10.3% from 2012 to 2021. At the same time, Thailand (+8.5%) displayed positive paces of growth. By contrast, Singapore (-7.6%) illustrated a downward trend over the same period. While the share of Malaysia (+9 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Singapore (-8.1 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Malaysia ($X) remains the largest prepared rubber accelerators supplier in South-Eastern Asia, comprising 84% of total exports. The second position in the ranking was taken by Thailand ($X), with an 8.1% share of total exports.

In Malaysia, prepared rubber accelerators exports increased at an average annual rate of +9.2% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Thailand (+11.2% per year) and Singapore (-5.4% per year).

Export Prices by Country

In 2021, the export price in South-Eastern Asia amounted to $X per ton, with an increase of 14% against the previous year. In general, the export price, however, continues to indicate a slight curtailment. Over the period under review, the export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+2.5%), while the other leaders experienced mixed trends in the export price figures.

Prepared Rubber Accelerators Imports

Imports in South-Eastern Asia

In 2021, imports of prepared rubber accelerators in South-Eastern Asia soared to X tons, picking up by 21% against the previous year's figure. Total imports indicated a remarkable increase from 2012 to 2021: its volume increased at an average annual rate of +8.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +40.3% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, prepared rubber accelerators imports surged to $X in 2021. Total imports indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +8.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Thailand (X tons), Indonesia (X tons) and Vietnam (X tons) was the largest importer of prepared rubber accelerators in South-Eastern Asia, achieving 90% of total import. It was distantly followed by Malaysia (X tons), mixing up a 7.3% share of total imports. The Philippines (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Thailand (with a CAGR of +12.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest prepared rubber accelerators importing markets in South-Eastern Asia were Thailand ($X), Indonesia ($X) and Vietnam ($X), with a combined 89% share of total imports.

Among the main importing countries, Vietnam, with a CAGR of +13.0%, recorded the highest growth rate of 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, rising by 19% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. Over the period under review, import prices reached the peak figure at $X per ton in 2018; afterwards, it flattened through to 2021.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Vietnam ($X per ton), while the Philippines ($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 (+2.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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