Southern Asia: Reclaimed Rubber Market 2024

Reclaimed Rubber Market Size in Southern Asia

In 2021, the South Asian reclaimed rubber market decreased by -0.9% to $X for the first time since 2016, thus ending a four-year rising trend. The total consumption indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +7.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +45.7% against 2016 indices. The level of consumption peaked at $X in 2020, and then reduced in the following year.

Reclaimed Rubber Production in Southern Asia

In value terms, reclaimed rubber production expanded rapidly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +4.8% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2013 with an increase of 53% against the previous year. Over the period under review, production reached the peak level at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Reclaimed Rubber Exports

Exports in Southern Asia

In 2021, shipments abroad of reclaimed rubber was finally on the rise to reach X tons after two years of decline. The total export volume increased at an average annual rate of +2.0% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The volume of export peaked at X tons in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, reclaimed rubber exports soared to $X in 2021. In general, exports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when exports increased by 67% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

India (X tons) represented roughly 99% of total exports in 2021.

India was also the fastest-growing in terms of the reclaimed rubber exports, with a CAGR of +2.1% 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 reclaimed rubber supplier in Southern Asia.

In India, reclaimed rubber exports remained relatively stable over the period from 2012-2021.

Export Prices by Country

The export price in Southern Asia stood at $X per ton in 2021, flattening at the previous year. Over the period under review, the export price, however, recorded a mild downturn. The pace of growth was the most pronounced in 2013 when the export price increased by 33%. As a result, the export price attained the peak level of $X per ton. From 2014 to 2021, the export prices failed to regain momentum.

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 -2.0% per year.

Reclaimed Rubber Imports

Imports in Southern Asia

In 2021, approx. X tons of reclaimed rubber were imported in Southern Asia; rising by 26% compared with 2020 figures. Total imports indicated a notable increase from 2012 to 2021: its volume increased at an average annual rate of +3.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +43.1% against 2016 indices. The pace of growth appeared the most rapid in 2017 when imports increased by 33% against the previous year. Over the period under review, imports attained the maximum at X tons in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

In value terms, reclaimed rubber imports surged to $X in 2021. Total imports indicated a modest expansion from 2012 to 2021: its value increased at an average annual rate of +1.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 with an increase of 38%. The level of import peaked at $X in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Sri Lanka (X tons) was the key importer of reclaimed rubber, achieving 75% of total imports. Pakistan (X tons) ranks second in terms of the total imports with an 11% share, followed by Bangladesh (8.1%) and India (5.4%).

Sri Lanka was also the fastest-growing in terms of the reclaimed rubber imports, with a CAGR of +9.4% from 2012 to 2021. Bangladesh experienced a relatively flat trend pattern. Pakistan (-6.5%) and India (-9.3%) illustrated a downward trend over the same period. While the share of Sri Lanka (+30 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Bangladesh (-3.1 p.p.), India (-12.1 p.p.) and Pakistan (-15.5 p.p.) displayed negative dynamics.

In value terms, Sri Lanka ($X) constitutes the largest market for imported reclaimed rubber in Southern Asia, comprising 64% of total imports. The second position in the ranking was taken by Bangladesh ($X), with a 16% share of total imports. It was followed by Pakistan, with a 15% share.

In Sri Lanka, reclaimed rubber imports expanded at an average annual rate of +6.2% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Bangladesh (+4.7% per year) and Pakistan (-3.7% per year).

Import Prices by Country

The import price in Southern Asia stood at $X per ton in 2021, shrinking by -5.5% against the previous year. Over the period under review, the import price showed a slight slump. The growth pace was the most rapid in 2014 when the import price increased by 8.6%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

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 Bangladesh ($X per ton), while Sri Lanka ($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 (+5.1%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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