Southern Asia: Vulcanised Rubber Mats Market 2024

Vulcanised Rubber Mats Market Size in Southern Asia

In 2021, the South Asian vulcanised rubber mats market decreased by -31.3% to $X, falling for the second consecutive year after eight years of growth. In general, consumption continues to indicate a pronounced reduction. The pace of growth was the most pronounced in 2019 when the market value increased by 6.3%. As a result, consumption reached the peak level of $X. From 2020 to 2021, the growth of the market remained at a lower figure.

Vulcanised Rubber Mats Production in Southern Asia

In value terms, vulcanised rubber mats production amounted to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.5% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2013 with an increase of 12%. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Vulcanised Rubber Mats Exports

Exports in Southern Asia

In 2021, vulcanised rubber mats exports in Southern Asia skyrocketed to X tons, jumping by 71% against the year before. Total exports indicated a strong expansion from 2012 to 2021: its volume increased at an average annual rate of +7.7% 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 +57.7% against 2018 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, vulcanised rubber mats exports surged to $X in 2021. Total exports indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +9.0% 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 reached the peak and are likely to continue growth in the immediate term.

Exports by Country

India prevails in exports structure, finishing at X tons, which was near 92% of total exports in 2021. It was distantly followed by Sri Lanka (X tons), generating an 8.1% share of total exports.

India was also the fastest-growing in terms of the floor coverings and mats of vulcanised rubber exports, with a CAGR of +8.0% from 2012 to 2021. At the same time, Sri Lanka (+4.5%) displayed positive paces of growth. From 2012 to 2021, the share of India increased by +2.6 percentage points.

In value terms, India ($X) remains the largest vulcanised rubber mats supplier in Southern Asia, comprising 88% of total exports. The second position in the ranking was held by Sri Lanka ($X), with a 12% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in India totaled +9.6%.

Export Prices by Country

The export price in Southern Asia stood at $X per ton in 2021, with a decrease of -10.5% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.3%. The pace of growth appeared the most rapid in 2019 when the export price increased by 23%. As a result, the export price attained the peak level of $X per ton. From 2020 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Sri Lanka ($X per ton), while India amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+1.5%).

Vulcanised Rubber Mats Imports

Imports in Southern Asia

In 2021, approx. X tons of floor coverings and mats of vulcanised rubber were imported in Southern Asia; jumping by 32% on 2020 figures. Over the period under review, imports posted a resilient expansion. The pace of growth appeared the most rapid in 2018 with an increase of 65%. Over the period under review, imports reached the peak figure at X tons in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, vulcanised rubber mats imports skyrocketed to $X in 2021. Total imports indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +5.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -11.4% against 2018 indices. The pace of growth appeared the most rapid in 2018 when imports increased by 41%. As a result, imports attained the peak of $X. From 2019 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, India (X tons) represented the largest importer of floor coverings and mats of vulcanised rubber, achieving 70% of total imports. Pakistan (X tons) ranks second in terms of the total imports with a 12% share, followed by Nepal (6%). Bangladesh (X tons), Maldives (X tons) and Afghanistan (X tons) held a relatively small share of total imports.

Imports into India increased at an average annual rate of +19.1% from 2012 to 2021. At the same time, Pakistan (+26.3%), Nepal (+11.7%), Maldives (+3.3%) and Afghanistan (+2.4%) displayed positive paces of growth. Moreover, Pakistan emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of +26.3% from 2012-2021. By contrast, Bangladesh (-12.3%) illustrated a downward trend over the same period. From 2012 to 2021, the share of India and Pakistan increased by +39 and +8.9 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported floor coverings and mats of vulcanised rubber in Southern Asia, comprising 69% of total imports. The second position in the ranking was held by Pakistan ($X), with an 11% share of total imports. It was followed by Nepal, with a 6.8% share.

In India, vulcanised rubber mats imports expanded at an average annual rate of +8.0% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Pakistan (+25.1% per year) and Nepal (+10.2% per year).

Import Prices by Country

In 2021, the import price in Southern Asia amounted to $X per ton, with a decrease of -4.3% against the previous year. Overall, the import price recorded a noticeable setback. The most prominent rate of growth was recorded in 2014 when the import price increased by 15%. The level of import peaked at $X per ton in 2016; however, from 2017 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 Afghanistan ($X per ton), while Pakistan ($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 (+4.1%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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