Southern Asia: Unvulcanised Rubber Market 2024

Unvulcanised Rubber Market Size in Southern Asia

The South Asian unvulcanised rubber market soared to $X in 2021, jumping by 16% against the previous year. The market value increased at an average annual rate of +3.1% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2019; afterwards, it flattened through to 2021.

Unvulcanised Rubber Production in Southern Asia

In value terms, unvulcanised rubber production expanded notably to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.9% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2014 with an increase of 27% against the previous year. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Unvulcanised Rubber Exports

Exports in Southern Asia

Unvulcanised rubber exports skyrocketed to X tons in 2021, with an increase of 20% on the year before. In general, exports continue to indicate buoyant growth. The pace of growth appeared the most rapid in 2017 when exports increased by 100% against the previous year. The volume of export peaked at X tons in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, unvulcanised rubber exports shrank dramatically to $X in 2021. Over the period under review, exports saw buoyant growth. The growth pace was the most rapid in 2014 with an increase of 1,210%. As a result, the exports reached the peak of $X. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

India represented the largest exporter of unvulcanised rubber in Southern Asia, with the volume of exports resulting at X tons, which was approx. 73% of total exports in 2021. It was distantly followed by Sri Lanka (X tons), comprising a 27% share of total exports.

India was also the fastest-growing in terms of the unvulcanised rubber exports, with a CAGR of +23.8% from 2012 to 2021. At the same time, Sri Lanka (+11.2%) displayed positive paces of growth. India (+26 p.p.) significantly strengthened its position in terms of the total exports, while Sri Lanka saw its share reduced by -18.3% from 2012 to 2021, respectively.

In value terms, India ($X) remains the largest unvulcanised rubber supplier in Southern Asia, comprising 87% of total exports. The second position in the ranking was taken by Sri Lanka ($X), with a 13% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in India totaled +19.6%.

Export Prices by Country

In 2021, the export price in Southern Asia amounted to $X per ton, falling by -30.9% against the previous year. Over the period under review, the export price recorded a abrupt decline. The pace of growth appeared the most rapid in 2014 when the export price increased by 887%. As a result, the export price reached the peak level of $X per ton. From 2015 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was India ($X per ton), while Sri Lanka totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (-3.4%).

Unvulcanised Rubber Imports

Imports in Southern Asia

In 2021, approx. X tons of unvulcanised rubber were imported in Southern Asia; increasing by 32% compared with 2020 figures. Over the period under review, imports posted a significant expansion. The pace of growth appeared the most rapid in 2016 when imports increased by 147% 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.

In value terms, unvulcanised rubber imports surged to $X in 2021. In general, imports posted a significant increase. The pace of growth appeared the most rapid in 2016 when imports increased by 100% against the previous year. Over the period under review, imports reached the peak figure in 2021 and are expected to retain growth in years to come.

Imports by Country

India dominates imports structure, accounting for X tons, which was near 87% of total imports in 2021. Sri Lanka (X tons) held a 7.3% share (based on physical terms) of total imports, which put it in second place, followed by Pakistan (5.7%).

India was also the fastest-growing in terms of the unvulcanised rubber imports, with a CAGR of +31.8% from 2012 to 2021. At the same time, Pakistan (+26.5%) and Sri Lanka (+12.3%) displayed positive paces of growth. From 2012 to 2021, the share of India increased by +19 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported unvulcanised rubber in Southern Asia, comprising 87% of total imports. The second position in the ranking was taken by Sri Lanka ($X), with an 11% share of total imports.

In India, unvulcanised rubber imports expanded at an average annual rate of +25.8% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Sri Lanka (+8.7% per year) and Pakistan (+13.4% per year).

Import Prices by Country

In 2021, the import price in Southern Asia amounted to $X per ton, increasing by 8.3% against the previous year. Over the period under review, the import price, however, saw a drastic downturn. The most prominent rate of growth was recorded in 2017 when the import price increased by 9.4%. The level of import peaked at $X per ton in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

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 Sri Lanka ($X per ton), while Pakistan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sri Lanka (-3.2%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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