Southern Asia: Market for Vulcanised Cellular Rubber Articles For Technical Uses 2024

Market Size for Vulcanised Cellular Rubber Articles For Technical Uses in Southern Asia

In 2021, after five years of growth, there was decline in the South Asian vulcanised cellular rubber articles market, when its value decreased by -4.4% to $X. The total consumption indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +5.4% 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 +84.3% against 2015 indices. The level of consumption peaked at $X in 2020, and then declined modestly in the following year.

Production of Vulcanised Cellular Rubber Articles For Technical Uses in Southern Asia

In value terms, vulcanised cellular rubber articles production dropped modestly to $X in 2021 estimated in export price. The total production indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +5.1% 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 +88.4% against 2015 indices. The pace of growth was the most pronounced in 2016 with an increase of 27%. Over the period under review, production attained the maximum level at $X in 2020, and then reduced in the following year.

Exports of Vulcanised Cellular Rubber Articles For Technical Uses

Exports in Southern Asia

In 2021, overseas shipments of vulcanised cellular rubber articles for technical uses increased by 18% to X tons for the first time since 2018, thus ending a two-year declining trend. Overall, exports recorded a temperate expansion. The most prominent rate of growth was recorded in 2015 with an increase of 291% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

In value terms, vulcanised cellular rubber articles exports surged to $X in 2021. In general, exports saw tangible growth. The most prominent rate of growth was recorded in 2015 with an increase of 156% against the previous year. The level of export peaked at $X in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

Exports by Country

India represented the main exporting country with an export of about X tons, which recorded 67% of total exports. It was distantly followed by Sri Lanka (X tons), Bangladesh (X tons) and Pakistan (X tons), together comprising a 32% share of total exports.

Exports from India increased at an average annual rate of +18.5% from 2012 to 2021. At the same time, Bangladesh (+57.6%) displayed positive paces of growth. Moreover, Bangladesh emerged as the fastest-growing exporter exported in Southern Asia, with a CAGR of +57.6% from 2012-2021. By contrast, Pakistan (-3.9%) and Sri Lanka (-7.0%) illustrated a downward trend over the same period. While the share of India (+45 p.p.) and Bangladesh (+4.8 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Pakistan (-5.5 p.p.) and Sri Lanka (-43.7 p.p.) displayed negative dynamics.

In value terms, India ($X) remains the largest vulcanised cellular rubber articles supplier in Southern Asia, comprising 73% of total exports. The second position in the ranking was taken by Sri Lanka ($X), with a 20% share of total exports. It was followed by Bangladesh, with a 4.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value in India stood at +22.0%. In the other countries, the average annual rates were as follows: Sri Lanka (-12.1% per year) and Bangladesh (+51.3% per year).

Export Prices by Country

The export price in Southern Asia stood at $X per ton in 2021, growing by 14% against the previous year. In general, the export price, however, saw a perceptible reduction. The growth pace was the most rapid in 2016 an increase of 42%. The level of export peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2021, 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 (+3.0%), while the other leaders experienced a decline in the export price figures.

Imports of Vulcanised Cellular Rubber Articles For Technical Uses

Imports in Southern Asia

For the sixth consecutive year, Southern Asia recorded growth in supplies from abroad of vulcanised cellular rubber articles for technical uses, which increased by 16% to X tons in 2021. Overall, imports posted strong growth. The growth pace was the most rapid in 2014 with an increase of 55% against the previous year. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the immediate term.

In value terms, vulcanised cellular rubber articles imports surged to $X in 2021. In general, imports posted prominent growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Pakistan (X tons) represented the major importer of vulcanised cellular rubber articles for technical uses, comprising 45% of total imports. India (X tons) ranks second in terms of the total imports with a 17% share, followed by Sri Lanka (17%) and Bangladesh (17%). Nepal (X tons) took a relatively small share of total imports.

Imports into Pakistan increased at an average annual rate of +8.6% from 2012 to 2021. At the same time, Bangladesh (+62.0%), Sri Lanka (+34.2%) and Nepal (+14.0%) displayed positive paces of growth. Moreover, Bangladesh emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of +62.0% from 2012-2021. By contrast, India (-1.4%) illustrated a downward trend over the same period. While the share of Bangladesh (+17 p.p.) and Sri Lanka (+15 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Pakistan (-2.2 p.p.) and India (-26.1 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest vulcanised cellular rubber articles importing markets in Southern Asia were Pakistan ($X), India ($X) and Bangladesh ($X), together comprising 81% of total imports.

Among the main importing countries, Bangladesh, with a CAGR of +59.5%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in Southern Asia amounted to $X per ton, jumping by 24% against the previous year. Over the last nine years, it increased at an average annual rate of +1.2%. The level of import peaked at $X per ton in 2016; however, from 2017 to 2021, 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 (+2.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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