Southern Asia: Non-Reinforced Rubber Tubing Market 2024

Non-Reinforced Rubber Tubing Market Size in Southern Asia

In 2021, the South Asian non-reinforced rubber tubing market decreased by -1.4% to $X for the first time since 2015, thus ending a five-year rising trend. The total consumption indicated tangible growth from 2012 to 2021: its value increased at an average annual rate of +3.9% 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 +42.7% against 2015 indices. The level of consumption peaked at $X in 2020, and then contracted slightly in the following year.

Non-Reinforced Rubber Tubing Production in Southern Asia

In value terms, non-reinforced rubber tubing production fell slightly to $X in 2021 estimated in export price. The total production indicated moderate growth from 2012 to 2021: its value increased at an average annual rate of +4.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +53.3% against 2015 indices. The most prominent rate of growth was recorded in 2018 when the production volume increased by 23% against the previous year. The level of production peaked at $X in 2020, and then reduced modestly in the following year.

Non-Reinforced Rubber Tubing Exports

Exports in Southern Asia

In 2021, shipments abroad of rubber tubing not reinforced was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Overall, exports enjoyed a buoyant expansion. The pace of growth appeared the most rapid in 2017 with an increase of 112%. 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, non-reinforced rubber tubing exports soared to $X in 2021. Over the period under review, exports recorded a buoyant increase. The pace of growth appeared the most rapid in 2017 when exports increased by 89% against the previous year. The level of export peaked in 2021 and is expected to retain growth in years to come.

Exports by Country

In 2021, India (X tons) was the key exporter of rubber tubing not reinforced, creating 82% of total exports. Sri Lanka (X tons) held an 11% share (based on physical terms) of total exports, which put it in second place, followed by Pakistan (6.4%).

From 2012 to 2021, average annual rates of growth with regard to non-reinforced rubber tubing exports from India stood at +8.9%. At the same time, Pakistan (+27.7%) and Sri Lanka (+18.5%) displayed positive paces of growth. Moreover, Pakistan emerged as the fastest-growing exporter exported in Southern Asia, with a CAGR of +27.7% from 2012-2021. While the share of Sri Lanka (+5.4 p.p.) and Pakistan (+4.7 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of India (-9.9 p.p.) displayed negative dynamics.

In value terms, India ($X) remains the largest non-reinforced rubber tubing supplier in Southern Asia, comprising 88% of total exports. The second position in the ranking was taken by Sri Lanka ($X), with a 7.6% share of total exports.

In India, non-reinforced rubber tubing exports increased at an average annual rate of +18.3% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Sri Lanka (+18.3% per year) and Pakistan (+36.4% per year).

Export Prices by Country

The export price in Southern Asia stood at $X per ton in 2021, growing by 24% against the previous year. Over the period under review, the export price continues to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2016 an increase of 33% against the previous year. The level of export peaked in 2021 and is likely to see gradual growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was India ($X per ton), while Pakistan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+8.6%), while the other leaders experienced mixed trends in the export price figures.

Non-Reinforced Rubber Tubing Imports

Imports in Southern Asia

In 2021, after two years of decline, there was significant growth in overseas purchases of rubber tubing not reinforced, when their volume increased by 6.6% to X tons. In general, imports, however, recorded a noticeable shrinkage. The growth pace was the most rapid in 2017 when imports increased by 32% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, non-reinforced rubber tubing imports skyrocketed to $X in 2021. Over the period under review, imports showed a relatively flat trend pattern. The level of import peaked at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

India represented the largest importing country with an import of about X tons, which accounted for 46% of total imports. Pakistan (X tons) held a 19% share (based on physical terms) of total imports, which put it in second place, followed by Bangladesh (17%), Sri Lanka (9.9%) and Nepal (5%). Maldives (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to non-reinforced rubber tubing imports into India stood at -7.3%. At the same time, Bangladesh (+21.3%), Maldives (+6.7%), Nepal (+6.4%) and Sri Lanka (+5.1%) displayed positive paces of growth. Moreover, Bangladesh emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of +21.3% from 2012-2021. By contrast, Pakistan (-1.0%) illustrated a downward trend over the same period. Bangladesh (+15 p.p.), Sri Lanka (+5 p.p.), Nepal (+2.8 p.p.) and Pakistan (+2.7 p.p.) significantly strengthened its position in terms of the total imports, while India saw its share reduced by -25.6% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported rubber tubing not reinforced in Southern Asia, comprising 52% of total imports. The second position in the ranking was taken by Pakistan ($X), with a 24% share of total imports. It was followed by Bangladesh, with an 11% share.

In India, non-reinforced rubber tubing imports declined by an average annual rate of -4.0% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Pakistan (+11.4% per year) and Bangladesh (+22.4% per year).

Import Prices by Country

The import price in Southern Asia stood at $X per ton in 2021, picking up by 26% against the previous year. Over the last nine-year period, it increased at an average annual rate of +3.2%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Pakistan (+12.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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