South-Eastern Asia: Vulcanised Rubber Thread Market 2024

Vulcanised Rubber Thread Market Size in South-Eastern Asia

The Southeast Asian vulcanised rubber thread market expanded sharply to $X in 2021, growing by 6.1% against the previous year. Overall, consumption showed a deep slump. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market remained at a lower figure.

Vulcanised Rubber Thread Production in South-Eastern Asia

In value terms, vulcanised rubber thread production declined slightly to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a pronounced shrinkage. The most prominent rate of growth was recorded in 2017 with an increase of 25% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Vulcanised Rubber Thread Exports

Exports in South-Eastern Asia

For the third consecutive year, South-Eastern Asia recorded growth in overseas shipments of vulcanised rubber thread and cord, which increased by 15% to X tons in 2021. The total export volume increased at an average annual rate of +3.3% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, vulcanised rubber thread exports skyrocketed to $X in 2021. Total exports indicated modest growth from 2012 to 2021: its value increased at an average annual rate of +1.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +41.4% against 2017 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2021, Thailand (X tons) represented the major exporter of vulcanised rubber thread and cord, making up 67% of total exports. It was distantly followed by Malaysia (X tons), generating a 30% share of total exports. Vietnam (X tons) held a little share of total exports.

From 2012 to 2021, average annual rates of growth with regard to vulcanised rubber thread exports from Thailand stood at +4.8%. At the same time, Vietnam (+26.2%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of +26.2% from 2012-2021. Malaysia experienced a relatively flat trend pattern. Thailand (+7.9 p.p.) and Vietnam (+1.7 p.p.) significantly strengthened its position in terms of the total exports, while Malaysia saw its share reduced by -8.9% from 2012 to 2021, respectively.

In value terms, Thailand ($X) remains the largest vulcanised rubber thread supplier in South-Eastern Asia, comprising 67% of total exports. The second position in the ranking was held by Malaysia ($X), with a 30% share of total exports.

In Thailand, vulcanised rubber thread 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 (-0.8% per year) and Vietnam (+21.5% per year).

Export Prices by Country

In 2021, the export price in South-Eastern Asia amounted to $X per ton, increasing by 29% against the previous year. In general, the export price, however, showed a slight setback. The level of export peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Malaysia ($X per ton), while Vietnam ($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 (-1.2%), while the other leaders experienced a decline in the export price figures.

Vulcanised Rubber Thread Imports

Imports in South-Eastern Asia

In 2021, approx. X tons of vulcanised rubber thread and cord were imported in South-Eastern Asia; increasing by 9.6% against 2020. Overall, imports, however, continue to indicate a noticeable decrease. The pace of growth appeared the most rapid in 2013 when imports increased by 69%. As a result, imports attained the peak of X tons. From 2014 to 2021, the growth of imports failed to regain momentum.

In value terms, vulcanised rubber thread imports soared to $X in 2021. In general, imports, however, saw a perceptible slump. The growth pace was the most rapid in 2013 with an increase of 64% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, Indonesia (X tons) represented the largest importer of vulcanised rubber thread and cord, committing 50% of total imports. It was distantly followed by Vietnam (X tons) and Malaysia (X tons), together mixing up a 41% share of total imports. The following importers - the Philippines (X tons), Lao People's Democratic Republic (X tons) and Cambodia (X tons) - together made up 8.4% 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 Lao People's Democratic Republic (with a CAGR of +58.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest vulcanised rubber thread importing markets in South-Eastern Asia were Indonesia ($X), Vietnam ($X) and Malaysia ($X), with a combined 93% share of total imports. These countries were followed by the Philippines, Cambodia and Lao People's Democratic Republic, which together accounted for a further 5.8%.

Lao People's Democratic Republic, with a CAGR of +34.4%, saw the highest rates of growth with regard to the value of imports, in terms of 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, jumping by 27% against the previous year. Overall, the import price recorded a relatively flat trend pattern. Over the period under review, import prices hit record highs at $X per ton in 2017; 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 ($X per ton), while Lao People's Democratic Republic ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Cambodia (+1.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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