Southern Asia: Prepared Rubber Accelerators Market 2024

Prepared Rubber Accelerators Market Size in Southern Asia

In 2021, the South Asian prepared rubber accelerators market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. The total consumption indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +6.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Prepared Rubber Accelerators Production in Southern Asia

In value terms, prepared rubber accelerators production reached $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.8% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2019 with an increase of 27% against the previous year. As a result, production attained the peak level of $X. From 2020 to 2021, production growth failed to regain momentum.

Prepared Rubber Accelerators Exports

Exports in Southern Asia

For the third year in a row, Southern Asia recorded growth in shipments abroad of prepared rubber accelerators, which increased by 16% to X tons in 2021. The total export volume increased at an average annual rate of +5.0% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, prepared rubber accelerators exports soared to $X in 2021. Total exports indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +6.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +61.2% against 2015 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The shipments of the one major exporters of prepared rubber accelerators, namely India, represented more than two-thirds of total export.

India was also the fastest-growing in terms of the prepared rubber accelerators exports, with a CAGR of +5.0% 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 prepared rubber accelerators supplier in Southern Asia.

From 2012 to 2021, the average annual growth rate of value in India amounted to +6.1%.

Export Prices by Country

In 2021, the export price in Southern Asia amounted to $X per ton, rising by 14% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.1%. Over the period under review, the export prices hit record highs at $X per ton in 2018; afterwards, it flattened through to 2021.

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 +1.1% per year.

Prepared Rubber Accelerators Imports

Imports in Southern Asia

In 2021, approx. X tons of prepared rubber accelerators were imported in Southern Asia; with an increase of 19% on the year before. In general, imports recorded a resilient increase. The growth pace was the most rapid in 2014 with an increase of 61%. Over the period under review, imports reached the maximum in 2021 and are expected to retain growth in the immediate term.

In value terms, prepared rubber accelerators imports soared to $X in 2021. Overall, imports showed strong growth. The most prominent rate of growth was recorded in 2014 with an increase of 71% against the previous year. Over the period under review, imports hit record highs in 2021 and are likely to continue growth in years to come.

Imports by Country

India represented the largest importing country with an import of about X tons, which reached 76% of total imports. It was distantly followed by Sri Lanka (X tons), comprising a 17% share of total imports. Bangladesh (X tons) and Pakistan (X tons) held a minor share of total imports.

Imports into India increased at an average annual rate of +11.2% from 2012 to 2021. At the same time, Bangladesh (+12.9%), Pakistan (+10.1%) and Sri Lanka (+7.4%) displayed positive paces of growth. Moreover, Bangladesh emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of +12.9% from 2012-2021. From 2012 to 2021, the share of India increased by +4.4 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported prepared rubber accelerators in Southern Asia, comprising 80% of total imports. The second position in the ranking was taken by Sri Lanka ($X), with a 15% share of total imports. It was followed by Pakistan, with a 2.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value in India amounted to +12.0%. In the other countries, the average annual rates were as follows: Sri Lanka (+6.7% per year) and Pakistan (+11.7% per year).

Import Prices by Country

The import price in Southern Asia stood at $X per ton in 2021, surging by 27% against the previous year. Overall, the import price recorded a relatively flat trend pattern. Over the period under review, import prices reached the maximum at $X per ton in 2018; however, from 2019 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 India ($X per ton), while Bangladesh ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Pakistan (+1.4%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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