Southern Asia: Market for Extruded Solid Rubber Rods And Profiles 2024

Market Size for Extruded Solid Rubber Rods And Profiles in Southern Asia

In 2022, the South Asian extruded solid rubber rod market increased by less than 0.1% to $X, rising for the third consecutive year after four years of decline. Overall, consumption showed a mild decrease. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Extruded Solid Rubber Rods And Profiles in Southern Asia

In value terms, extruded solid rubber rod production dropped to $X in 2022 estimated in export price. Over the period under review, production showed a mild decline. The growth pace was the most rapid in 2013 when the production volume increased by 9.1% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2022, production growth remained at a somewhat lower figure.

Exports of Extruded Solid Rubber Rods And Profiles

Exports in Southern Asia

In 2022, approx. X tons of extruded solid rubber rods and profiles were exported in Southern Asia; waning by -3.7% on 2021 figures. Over the period under review, exports saw a perceptible slump. The most prominent rate of growth was recorded in 2018 with an increase of 98%. Over the period under review, the exports hit record highs at X tons in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, extruded solid rubber rod exports reduced to $X in 2022. Overall, exports saw a pronounced curtailment. The pace of growth appeared the most rapid in 2018 when exports increased by 108% against the previous year. As a result, the exports reached the peak of $X. From 2019 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

The shipments of the one major exporters of extruded solid rubber rods and profiles, namely India, represented more than two-thirds of total export.

India was also the fastest-growing in terms of the extruded solid rubber rods and profiles exports, with a CAGR of -4.1% from 2012 to 2022. From 2012 to 2022, the share of India increased by +3.8 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) also remains the largest extruded solid rubber rod supplier in Southern Asia.

From 2012 to 2022, the average annual rate of growth in terms of value in India amounted to -4.1%.

Export Prices by Country

In 2022, the export price in Southern Asia amounted to $X per ton, almost unchanged from the previous year. Overall, the export price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of 11% against the previous year. As a result, the export price attained the peak level of $X per ton, leveling off 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 2022, the rate of growth in terms of prices for India amounted to +0.1% per year.

Imports of Extruded Solid Rubber Rods And Profiles

Imports in Southern Asia

In 2022, purchases abroad of extruded solid rubber rods and profiles increased by 28% to X tons, rising for the second consecutive year after two years of decline. Total imports indicated a mild increase from 2012 to 2022: its volume increased at an average annual rate of +1.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +87.4% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 47% against the previous year. The volume of import peaked at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, extruded solid rubber rod imports soared to $X in 2022. Overall, imports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by 76%. The level of import peaked in 2022 and is likely to see gradual growth in years to come.

Imports by Country

India dominates imports structure, finishing at X tons, which was near 85% of total imports in 2022. It was distantly followed by Sri Lanka (X tons), generating a 7% share of total imports. Pakistan (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to extruded solid rubber rod imports into India stood at +2.0%. At the same time, Sri Lanka (+8.7%) displayed positive paces of growth. Moreover, Sri Lanka emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of +8.7% from 2012-2022. By contrast, Pakistan (-2.3%) illustrated a downward trend over the same period. While the share of India (+7.4 p.p.) and Sri Lanka (+3.6 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Pakistan (-1.8 p.p.) displayed negative dynamics.

In value terms, India ($X) constitutes the largest market for imported extruded solid rubber rods and profiles in Southern Asia, comprising 84% of total imports. The second position in the ranking was taken by Sri Lanka ($X), with a 9.4% share of total imports.

In India, extruded solid rubber rod imports remained relatively stable over the period from 2012-2022. In the other countries, the average annual rates were as follows: Sri Lanka (+15.8% per year) and Pakistan (-2.7% per year).

Import Prices by Country

In 2022, the import price in Southern Asia amounted to $X per ton, which is down by -4.4% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the import price increased by 20% against the previous year. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sri Lanka (+6.5%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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