South-Eastern Asia: Market for Tubes, Pipes And Hoses Of Vulcanized Rubber 2024

Market Size for Tubes, Pipes And Hoses Of Vulcanized Rubber in South-Eastern Asia

For the fifth year in a row, the Southeast Asian rubber tube and pipe market recorded growth in sales value, which increased by 0.6% to $X in 2021. The market value increased at an average annual rate of +2.7% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the maximum level in 2021 and is expected to retain growth in the immediate term.

Production of Tubes, Pipes And Hoses Of Vulcanized Rubber in South-Eastern Asia

In value terms, rubber tube and pipe production stood at $X in 2021 estimated in export price. The total production indicated perceptible growth 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, production decreased by -0.6% against 2019 indices. The pace of growth appeared the most rapid in 2018 with an increase of 30%. The level of production peaked at $X in 2019; afterwards, it flattened through to 2021.

Exports of Tubes, Pipes And Hoses Of Vulcanized Rubber

Exports in South-Eastern Asia

In 2021, overseas shipments of tubes, pipes and hoses of vulcanized rubber were finally on the rise to reach X tons after two years of decline. The total export volume increased at an average annual rate of +2.0% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2017 when exports increased by 34%. Over the period under review, the exports attained the peak figure at X tons in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, rubber tube and pipe exports soared to $X in 2021. The total export value increased at an average annual rate of +3.7% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2017 when exports increased by 23%. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

Thailand (X tons) and Malaysia (X tons) represented roughly 78% of total exports in 2021. It was distantly followed by Singapore (X tons) and Indonesia (X tons), together generating an 18% share of total exports. Vietnam (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Vietnam (with a CAGR of +10.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Thailand ($X) remains the largest rubber tube and pipe supplier in South-Eastern Asia, comprising 52% of total exports. The second position in the ranking was held by Malaysia ($X), with a 23% share of total exports. It was followed by Singapore, with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Thailand totaled +5.5%. In the other countries, the average annual rates were as follows: Malaysia (+2.0% per year) and Singapore (-1.8% per year).

Export Prices by Country

The export price in South-Eastern Asia stood at $X per ton in 2021, growing by 1.7% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.7%. The most prominent rate of growth was recorded in 2015 when the export price increased by 15% against the previous year. As a result, the export price attained the peak level of $X per ton; afterwards, it flattened through to 2021.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+4.9%), while the other leaders experienced more modest paces of growth.

Imports of Tubes, Pipes And Hoses Of Vulcanized Rubber

Imports in South-Eastern Asia

In 2021, overseas purchases of tubes, pipes and hoses of vulcanized rubber were finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Overall, imports continue to indicate a relatively flat trend pattern. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, rubber tube and pipe imports surged to $X in 2021. Over the period under review, imports, however, showed a relatively flat trend pattern. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

The countries with the highest levels of rubber tube and pipe imports in 2021 were Indonesia (X tons), Thailand (X tons), the Philippines (X tons) and Singapore (X tons), together amounting to 76% of total import. Malaysia (X tons) ranks next in terms of the total imports with a 9.9% share, followed by Vietnam (9.9%).

From 2012 to 2021, the biggest increases were recorded for the Philippines (with a CAGR of +20.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest rubber tube and pipe importing markets in South-Eastern Asia were Thailand ($X), Indonesia ($X) and Singapore ($X), together comprising 65% of total imports. These countries were followed by Vietnam, Malaysia and the Philippines, which together accounted for a further 32%.

Among the main importing countries, the Philippines, with a CAGR of +16.6%, 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

The import price in South-Eastern Asia stood at $X per ton in 2021, waning by -2.8% against the previous year. In general, the import price showed a mild curtailment. The pace of growth appeared the most rapid in 2017 an increase of 8.6% against the previous year. 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 ($X per ton), while the Philippines ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (+3.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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