Southern Asia: Vulcanised Rubber Erases Market 2024

Vulcanised Rubber Erases Market Size in Southern Asia

In 2021, the South Asian vulcanised rubber erases market decreased by -57.4% to $X, falling for the fourth year in a row after four years of growth. Over the period under review, consumption showed a perceptible slump. Over the period under review, the market attained the peak level at $X in 2017; however, from 2018 to 2021, consumption failed to regain momentum.

Vulcanised Rubber Erases Production in Southern Asia

In value terms, vulcanised rubber erases production fell to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.2% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The growth pace was the most rapid in 2019 with an increase of 6% against the previous year. Over the period under review, production hit record highs at $X in 2020, and then contracted in the following year.

Vulcanised Rubber Erases Exports

Exports in Southern Asia

In 2021, after three years of decline, there was significant growth in shipments abroad of erasers of vulcanised rubber, when their volume increased by 94% to X tons. Total exports indicated a strong expansion from 2012 to 2021: its volume increased at an average annual rate of +8.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, vulcanised rubber erases exports soared to $X in 2021. In general, exports continue to indicate a buoyant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The biggest shipments were from India (X tons), together reaching 99% of total export.

India was also the fastest-growing in terms of the erasers of vulcanised rubber exports, with a CAGR of +8.1% from 2012 to 2021. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, India ($X) also remains the largest vulcanised rubber erases supplier in Southern Asia.

From 2012 to 2021, the average annual rate of growth in terms of value in India stood at +12.9%.

Export Prices by Country

The export price in Southern Asia stood at $X per ton in 2021, declining by -5.5% against the previous year. Export price indicated temperate growth from 2012 to 2021: its price increased at an average annual rate of +4.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, vulcanised rubber erases export price increased by +42.5% against 2016 indices. The pace of growth was the most pronounced in 2019 an increase of 20%. Over the period under review, the export prices hit record highs at $X per ton in 2020, and then declined in the following year.

As there is only one major export destination, the average price level is determined by prices for India.

From 2012 to 2021, the rate of growth in terms of prices for India amounted to +4.4% per year.

Vulcanised Rubber Erases Imports

Imports in Southern Asia

In 2021, the amount of erasers of vulcanised rubber imported in Southern Asia reduced sharply to X tons, declining by -49.2% compared with the previous year. In general, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 81% against the previous year. As a result, imports attained the peak of X tons. From 2018 to 2021, the growth of imports remained at a lower figure.

In value terms, vulcanised rubber erases imports declined rapidly to $X in 2021. Overall, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when imports increased by 54%. Over the period under review, imports attained the maximum at $X in 2017; however, from 2018 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Pakistan (X tons) and India (X tons) represented the major importers of erasers of vulcanised rubber in Southern Asia, together comprising 77% of total imports. It was distantly followed by Sri Lanka (X tons) and Bangladesh (X tons), together creating an 18% share of total imports. Nepal (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for India (with a CAGR of +10.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest vulcanised rubber erases importing markets in Southern Asia were Pakistan ($X), India ($X) and Sri Lanka ($X), together comprising 88% of total imports.

Among the main importing countries, India, with a CAGR of +5.7%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

The import price in Southern Asia stood at $X per ton in 2021, rising by 26% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The level of import peaked at $X per ton in 2015; however, from 2016 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Nepal ($X per ton), while Sri Lanka ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Bangladesh (+9.2%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :