South-Eastern Asia: Unvulcanised Rubber Market 2024

Unvulcanised Rubber Market Size in South-Eastern Asia

The Southeast Asian unvulcanised rubber market expanded sharply to $X in 2021, surging by 12% against the previous year. The market value increased at an average annual rate of +1.0% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Unvulcanised Rubber Production in South-Eastern Asia

In value terms, unvulcanised rubber production soared to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a relatively flat trend pattern. The level of production peaked at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Unvulcanised Rubber Exports

Exports in South-Eastern Asia

In 2021, overseas shipments of unvulcanised rubber increased by 25% to X tons, rising for the second year in a row after five years of decline. Overall, exports, however, showed a perceptible contraction. The most prominent rate of growth was recorded in 2014 when exports increased by 26% against the previous year. 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, unvulcanised rubber exports skyrocketed to $X in 2021. Over the period under review, exports, however, showed a abrupt setback. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Thailand was the key exporter of unvulcanised rubber in South-Eastern Asia, with the volume of exports amounting to X tons, which was approx. 61% of total exports in 2021. It was distantly followed by Malaysia (X tons) and Indonesia (X tons), together generating a 36% share of total exports. Vietnam (X tons) held a minor share of total exports.

Exports from Thailand decreased at an average annual rate of -5.6% from 2012 to 2021. At the same time, Vietnam (+20.5%) and Malaysia (+11.1%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of +20.5% from 2012-2021. By contrast, Indonesia (-1.8%) illustrated a downward trend over the same period. Malaysia (+15 p.p.) significantly strengthened its position in terms of the total exports, while Thailand saw its share reduced by -18.1% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Thailand ($X) remains the largest unvulcanised rubber supplier in South-Eastern Asia, comprising 65% of total exports. The second position in the ranking was held by Malaysia ($X), with a 16% share of total exports. It was followed by Indonesia, with a 14% share.

In Thailand, unvulcanised rubber exports shrank by an average annual rate of -7.1% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Malaysia (+1.9% per year) and Indonesia (-4.1% per year).

Export Prices by Country

The export price in South-Eastern Asia stood at $X per ton in 2021, growing by 13% against the previous year. Over the period under review, the export price, however, saw a perceptible setback. The most prominent rate of growth was recorded in 2017 when the export price increased by 30%. The level of export peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2021, major exporting countries recorded the following prices: in Thailand ($X per ton) and Vietnam ($X per ton), while Malaysia ($X per ton) and Indonesia ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (-1.6%), while the other leaders experienced a decline in the export price figures.

Unvulcanised Rubber Imports

Imports in South-Eastern Asia

After two years of growth, supplies from abroad of unvulcanised rubber decreased by -0.1% to X tons in 2021. Overall, imports, however, saw strong growth. The most prominent rate of growth was recorded in 2019 when imports increased by 43% against the previous year. The volume of import peaked at X tons in 2020, and then contracted in the following year.

In value terms, unvulcanised rubber imports reached $X in 2021. Over the period under review, imports, however, recorded a remarkable increase. The growth pace was the most rapid in 2019 when imports increased by 40% against the previous year. As a result, imports reached the peak of $X. From 2020 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

Vietnam (X tons) and Thailand (X tons) represented the main importers of unvulcanised rubber in 2021, accounting for approx. 45% and 31% of total imports, respectively. Indonesia (X tons) took the next position in the ranking, distantly followed by the Philippines (X tons). All these countries together took near 19% share of total imports. Malaysia (X tons) and Singapore (X tons) held a little share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Thailand (with a CAGR of +25.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X), Thailand ($X) and Indonesia ($X) appeared to be the countries with the highest levels of imports in 2021, with a combined 84% share of total imports.

Vietnam, with a CAGR of +21.3%, 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

In 2021, the import price in South-Eastern Asia amounted to $X per ton, standing approx. at the previous year. Over the period under review, the import price, however, continues to indicate a deep contraction. The growth pace was the most rapid in 2018 when the import price increased by 6.1% 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 Singapore ($X per ton), while Thailand ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+3.0%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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