South-Eastern Asia: Market for Vulcanised Cellular Rubber Articles For Technical Uses 2024

Market Size for Vulcanised Cellular Rubber Articles For Technical Uses in South-Eastern Asia

After two years of growth, the Southeast Asian vulcanised cellular rubber articles market decreased by -17.5% to $X in 2021. The total consumption indicated a perceptible increase from 2012 to 2021: its value increased at an average annual rate of +3.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +28.6% against 2018 indices. As a result, consumption attained the peak level of $X, and then fell significantly in the following year.

Production of Vulcanised Cellular Rubber Articles For Technical Uses in South-Eastern Asia

In value terms, vulcanised cellular rubber articles production dropped remarkably to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a perceptible increase. The growth pace was the most rapid in 2020 when the production volume increased by 49%. As a result, production reached the peak level of $X, and then fell remarkably in the following year.

Exports of Vulcanised Cellular Rubber Articles For Technical Uses

Exports in South-Eastern Asia

In 2021, overseas shipments of vulcanised cellular rubber articles for technical uses were finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Over the period under review, exports enjoyed a resilient increase. The pace of growth appeared the most rapid in 2015 when exports increased by 38% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, vulcanised cellular rubber articles exports totaled $X in 2021. Overall, exports enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2018 when exports increased by 107% against the previous year. As a result, the exports attained the peak of $X. From 2019 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Singapore (X tons) and Thailand (X tons) represented the main exporters of vulcanised cellular rubber articles for technical uses in 2021, resulting at approx. 36% and 30% of total exports, respectively. Indonesia (X tons) held an 18% share (based on physical terms) of total exports, which put it in second place, followed by Malaysia (11%) and Vietnam (4.7%).

From 2012 to 2021, the biggest increases were recorded for Indonesia (with a CAGR of +98.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Singapore ($X), Thailand ($X) and Indonesia ($X) constituted the countries with the highest levels of exports in 2021, together accounting for 86% of total exports.

Indonesia, with a CAGR of +66.8%, saw the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in South-Eastern Asia stood at $X per ton in 2021, falling by -17.9% against the previous year. In general, the export price, however, enjoyed a noticeable increase. The most prominent rate of growth was recorded in 2018 when the export price increased by 79% against the previous year. The level of export peaked at $X per ton in 2020, and then contracted significantly in the following year.

Prices varied noticeably country of origin: 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 Thailand (+12.7%), while the other leaders experienced a decline in the export price figures.

Imports of Vulcanised Cellular Rubber Articles For Technical Uses

Imports in South-Eastern Asia

In 2021, imports of vulcanised cellular rubber articles for technical uses in South-Eastern Asia contracted to X tons, falling by -8.7% against 2020. Overall, imports, however, continue to indicate buoyant growth. The pace of growth was the most pronounced in 2013 with an increase of 158%. The volume of import peaked at X tons in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, vulcanised cellular rubber articles imports reduced remarkably to $X in 2021. In general, imports, however, recorded a strong increase. The pace of growth was the most pronounced in 2013 with an increase of 180%. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

The purchases of the five major importers of vulcanised cellular rubber articles for technical uses, namely Malaysia, Indonesia, the Philippines, Vietnam and Singapore, represented more than two-thirds of total import. It was distantly followed by Thailand (X tons), mixing up a 5.7% share of total imports. Cambodia (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 the Philippines (with a CAGR of +34.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Malaysia ($X), Indonesia ($X) and Vietnam ($X) appeared to be the countries with the highest levels of imports in 2021, with a combined 60% share of total imports. These countries were followed by Singapore, the Philippines, Thailand and Cambodia, which together accounted for a further 38%.

In terms of the main importing countries, the Philippines, with a CAGR of +52.5%, saw 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, falling by -7.5% against the previous year. Overall, the import price continues to indicate a pronounced contraction. The pace of growth appeared the most rapid in 2019 an increase of 12%. Over the period under review, import prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

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 the Philippines (+13.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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