South-Eastern Asia: Non-Reinforced Rubber Tubing Market 2024

Non-Reinforced Rubber Tubing Market Size in South-Eastern Asia

The Southeast Asian non-reinforced rubber tubing market stood at $X in 2021, increasing by 4.3% against the previous year. The total consumption indicated a noticeable expansion from 2012 to 2021: its value increased at an average annual rate of +4.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -7.8% against 2019 indices. The level of consumption peaked at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Non-Reinforced Rubber Tubing Production in South-Eastern Asia

In value terms, non-reinforced rubber tubing production stood at $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.0% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2014 when the production volume increased by 12%. Over the period under review, production attained the maximum level at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Non-Reinforced Rubber Tubing Exports

Exports in South-Eastern Asia

Non-reinforced rubber tubing exports dropped modestly to X tons in 2021, falling by -1.7% against 2020 figures. Over the period under review, exports saw a pronounced decline. The pace of growth was the most pronounced in 2014 with an increase of 11% against the previous year. Over the period under review, the exports hit record highs at X tons in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

In value terms, non-reinforced rubber tubing exports totaled $X in 2021. The total export value increased at an average annual rate of +1.6% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2014 with an increase of 25% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

Exports by Country

In 2021, Thailand (X tons) represented the key exporter of rubber tubing not reinforced, committing 55% of total exports. Malaysia (X tons) held a 34% share (based on physical terms) of total exports, which put it in second place, followed by Singapore (4.8%). The following exporters - Vietnam (X tons) and Indonesia (X tons) - together made up 5.3% of total exports.

From 2012 to 2021, the biggest increases were recorded for Indonesia (with a CAGR of +8.8%), while shipments for the other leaders experienced a decline in the exports figures.

In value terms, Thailand ($X) remains the largest non-reinforced rubber tubing supplier in South-Eastern Asia, comprising 71% of total exports. The second position in the ranking was held by Malaysia ($X), with an 18% share of total exports. It was followed by Singapore, with a 4.1% share.

In Thailand, non-reinforced rubber tubing exports expanded at an average annual rate of +2.6% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Malaysia (-0.1% per year) and Singapore (-7.5% per year).

Export Prices by Country

In 2021, the export price in South-Eastern Asia amounted to $X per ton, increasing by 3.2% against the previous year. Over the last nine-year period, it increased at an average annual rate of +3.7%. The most prominent rate of growth was recorded in 2014 when the export price increased by 12% against the previous year. Over the period under review, the export prices hit record highs in 2021 and is likely to continue growth in the near future.

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 Thailand ($X per ton), while Malaysia ($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 (+4.5%), while the other leaders experienced more modest paces of growth.

Non-Reinforced Rubber Tubing Imports

Imports in South-Eastern Asia

In 2021, non-reinforced rubber tubing imports in South-Eastern Asia expanded markedly to X tons, growing by 6.7% compared with 2020 figures. The total import volume increased at an average annual rate of +1.6% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2018 with an increase of 14% against the previous year. Over the period under review, imports reached the maximum at X tons in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, non-reinforced rubber tubing imports totaled $X in 2021. In general, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 26%. As a result, imports reached the peak of $X. From 2019 to 2021, the growth of imports remained at a lower figure.

Imports by Country

The purchases of the six major importers of rubber tubing not reinforced, namely Vietnam, Thailand, Indonesia, Malaysia, Singapore and the Philippines, represented more than two-thirds of total import. Cambodia (X tons) took a relatively small share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by the Philippines (with a CAGR of +15.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X), Thailand ($X) and Malaysia ($X) appeared to be the countries with the highest levels of imports in 2021, with a combined 66% share of total imports. Indonesia, Singapore, the Philippines and Cambodia lagged somewhat behind, together comprising a further 32%.

The Philippines, with a CAGR of +16.2%, recorded the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in South-Eastern Asia stood at $X per ton in 2021, approximately mirroring the previous year. Overall, the import price continues to indicate a mild shrinkage. The most prominent rate of growth was recorded in 2018 an increase of 11%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, 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 Singapore (+3.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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