Southern Asia: Market for Plates, Sheets, Strips For Floor Covering Of Solid Vulcanised Rubber 2022

Market Size for Plates, Sheets, Strips For Floor Covering Of Solid Vulcanised Rubber in Southern Asia

The South Asian solid vulcanised rubber sheet market declined slightly to $X in 2021, therefore, remained relatively stable against the previous year. Over the period under review, consumption, however, saw a abrupt descent. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Production of Plates, Sheets, Strips For Floor Covering Of Solid Vulcanised Rubber in Southern Asia

In value terms, solid vulcanised rubber sheet production rose slightly to $X in 2021 estimated in export price. Over the period under review, production, however, saw a abrupt decline. The level of production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Exports of Plates, Sheets, Strips For Floor Covering Of Solid Vulcanised Rubber

Exports in Southern Asia

In 2021, shipments abroad of plates, sheets, strips for floor covering of solid vulcanised rubber increased by 56% to X tons, rising for the sixth consecutive year after two years of decline. Over the period under review, exports continue to indicate a prominent expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, solid vulcanised rubber sheet exports skyrocketed to $X in 2021. Total exports indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +8.5% 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 +107.5% against 2016 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

India represented the largest exporting country with an export of about X tons, which recorded 90% of total exports. It was distantly followed by Sri Lanka (X tons), achieving a 10% share of total exports.

India was also the fastest-growing in terms of the plates, sheets, strips for floor covering of solid vulcanised rubber exports, with a CAGR of +9.7% from 2012 to 2021. At the same time, Sri Lanka (+1.9%) displayed positive paces of growth. India (+7.8 p.p.) significantly strengthened its position in terms of the total exports, while Sri Lanka saw its share reduced by -7.7% from 2012 to 2021, respectively.

In value terms, India ($X) remains the largest solid vulcanised rubber sheet supplier in Southern Asia, comprising 86% of total exports. The second position in the ranking was taken by Sri Lanka ($X), with a 14% share of total exports.

In India, solid vulcanised rubber sheet exports increased at an average annual rate of +9.1% over the period from 2012-2021.

Export Prices by Country

The export price in Southern Asia stood at $X per ton in 2021, shrinking by -9.1% against the previous year. In general, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of 9.2% against the previous year. As a result, the export price reached the peak level of $X per ton, and then declined in the following year.

Average prices varied somewhat amongst the major exporting countries. In 2021, 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 Sri Lanka (+3.6%).

Imports of Plates, Sheets, Strips For Floor Covering Of Solid Vulcanised Rubber

Imports in Southern Asia

In 2021, imports of plates, sheets, strips for floor covering of solid vulcanised rubber in Southern Asia surged to X tons, picking up by 46% compared with the year before. In general, imports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of 61%. Over the period under review, imports reached the peak figure at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, solid vulcanised rubber sheet imports skyrocketed to $X in 2021. Total imports indicated tangible growth from 2012 to 2021: its value increased at an average annual rate of +2.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, imports hit record highs at $X in 2017; however, from 2018 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, India (X tons), Bangladesh (X tons) and Pakistan (X tons) represented the major importer of plates, sheets, strips for floor covering of solid vulcanised rubber in Southern Asia, committing 83% of total import. Sri Lanka (X tons) took the next position in the ranking, followed by Nepal (X tons). All these countries together held near 14% share of total imports. Bhutan (X tons) took a little share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Bhutan (with a CAGR of +14.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, India ($X) constitutes the largest market for imported plates, sheets, strips for floor covering of solid vulcanised rubber in Southern Asia, comprising 49% of total imports. The second position in the ranking was taken by Bangladesh ($X), with a 24% share of total imports. It was followed by Pakistan, with an 11% share.

In India, solid vulcanised rubber sheet imports remained relatively stable over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Bangladesh (+14.0% per year) and Pakistan (-5.8% per year).

Import Prices by Country

The import price in Southern Asia stood at $X per ton in 2021, which is down by -3.2% against the previous year. Over the last nine years, it increased at an average annual rate of +2.6%. The most prominent rate of growth was recorded in 2016 when the import price increased by 34% against the previous year. As a result, import price reached the peak level of $X per ton. From 2017 to 2021, the import prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was India ($X per ton), while Nepal ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+5.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :