Southern Asia: Market for Natural Rubber And Gums 2024

Market Size for Natural Rubber And Gums in Southern Asia

The South Asian natural rubber and gum market contracted to $X in 2022, almost unchanged from the previous year. In general, consumption recorded a abrupt decline. The pace of growth appeared the most rapid in 2018 when the market value increased by 9.3%. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Production of Natural Rubber And Gums in Southern Asia

In value terms, natural rubber and gum production dropped slightly to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a abrupt shrinkage. The pace of growth was the most pronounced in 2018 when the production volume increased by 20%. The level of production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

India (X tons) remains the largest natural rubber and gum producing country in Southern Asia, accounting for 88% of total volume. Moreover, natural rubber and gum production in India exceeded the figures recorded by the second-largest producer, Sri Lanka (X tons), ninefold.

In India, natural rubber and gum production shrank by an average annual rate of -2.2% over the period from 2012-2022. The remaining producing countries recorded the following average annual rates of production growth: Sri Lanka (-6.4% per year) and Bangladesh (+13.8% per year).

In 2022, the average yield of natural rubber and gums in Southern Asia shrank to X tons per ha, with a decrease of -1.7% against the year before. Over the period under review, the yield showed a slight curtailment. The pace of growth was the most pronounced in 2021 when the yield increased by 3.7%. Over the period under review, the natural rubber and gum yield attained the peak level at X tons per ha in 2012; however, from 2013 to 2022, the yield stood at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the total area harvested in terms of natural rubber and gums production in Southern Asia dropped to X ha, which is down by -1.8% against the previous year. In general, the harvested area saw a mild decrease. The pace of growth was the most pronounced in 2021 with an increase of 3.8%. The level of harvested area peaked at X ha in 2014; however, from 2015 to 2022, the harvested area remained at a lower figure.

Exports of Natural Rubber And Gums

Exports in Southern Asia

In 2022, overseas shipments of natural rubber and gums decreased by -78.4% to X tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, exports faced a deep setback. The growth pace was the most rapid in 2017 with an increase of 459%. As a result, the exports attained the peak of X tons. From 2018 to 2022, the growth of the exports remained at a lower figure.

In value terms, natural rubber and gum exports dropped markedly to $X in 2022. In general, exports showed a deep reduction. The most prominent rate of growth was recorded in 2017 when exports increased by 595% against the previous year. As a result, the exports attained the peak of $X. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Sri Lanka (X tons) and India (X tons) prevails in exports structure, together creating 96% of total exports. Bangladesh (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Sri Lanka (with a CAGR of -6.0%), while the other leaders experienced a decline in the exports figures.

In value terms, Sri Lanka ($X), India ($X) and Bangladesh ($X) were the countries with the highest levels of exports in 2022, with a combined 100% share of total exports.

Sri Lanka, with a CAGR of -13.9%, 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 a decline in the exports figures.

Export Prices by Country

In 2022, the export price in Southern Asia amounted to $X per ton, which is down by -25.5% against the previous year. In general, the export price recorded a pronounced decrease. The growth pace was the most rapid in 2018 an increase of 129%. As a result, the export price attained the peak level of $X per ton. From 2019 to 2022, 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 India ($X per ton), while Bangladesh ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bangladesh (-2.7%), while the other leaders experienced a decline in the export price figures.

Imports of Natural Rubber And Gums

Imports in Southern Asia

After three years of growth, overseas purchases of natural rubber and gums decreased by -3.8% to X tons in 2022. In general, imports, however, posted a resilient expansion. The pace of growth was the most pronounced in 2014 when imports increased by 74% against the previous year. The volume of import peaked at X tons in 2021, and then fell in the following year.

In value terms, natural rubber and gum imports rose notably to $X in 2022. Total imports indicated notable growth from 2012 to 2022: its value increased at an average annual rate of +3.0% 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 +52.3% against 2020 indices. The most prominent rate of growth was recorded in 2017 when imports increased by 51%. The level of import peaked in 2022 and is expected to retain growth in years to come.

Imports by Country

Sri Lanka (X tons) and Pakistan (X tons) represented the major importers of natural rubber and gums in 2022, resulting at near 43% and 35% of total imports, respectively. It was distantly followed by India (X tons), committing a 20% share of total imports. Bangladesh (X tons) held a relatively small share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Sri Lanka (with a CAGR of +15.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest natural rubber and gum importing markets in Southern Asia were Sri Lanka ($X), Pakistan ($X) and India ($X), together accounting for 98% of total imports.

Among the main importing countries, Sri Lanka, with a CAGR of +11.3%, recorded 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 2022, rising by 11% against the previous year. Over the period under review, the import price, however, showed a perceptible reduction. The pace of growth appeared the most rapid in 2016 an increase of 22%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Bangladesh ($X per ton) and Pakistan ($X per ton), while India ($X per ton) and Sri Lanka ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Pakistan (-2.8%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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