Southern Asia: Vulcanised Rubber Thread Market 2024

Vulcanised Rubber Thread Market Size in Southern Asia

The South Asian vulcanised rubber thread market expanded sharply to $X in 2021, increasing by 14% against the previous year. The market value increased at an average annual rate of +3.2% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of consumption peaked in 2021 and is likely to see gradual growth in the near future.

Vulcanised Rubber Thread Production in Southern Asia

In value terms, vulcanised rubber thread production shrank to $X in 2021 estimated in export price. The total production indicated a slight expansion from 2012 to 2021: its value increased at an average annual rate of +1.0% 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 +63.8% against 2015 indices. The pace of growth was the most pronounced in 2020 with an increase of 21% against the previous year. As a result, production reached the peak level of $X, and then fell in the following year.

Vulcanised Rubber Thread Exports

Exports in Southern Asia

For the third consecutive year, Southern Asia recorded growth in shipments abroad of vulcanised rubber thread and cord, which increased by 28% to X tons in 2021. Over the period under review, exports continue to indicate a significant expansion. The pace of growth was the most pronounced in 2020 when exports increased by 83% against the previous year. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the near future.

In value terms, vulcanised rubber thread exports skyrocketed to $X in 2021. In general, exports recorded a buoyant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 95%. The level of export peaked in 2021 and is expected to retain growth in the immediate term.

Exports by Country

In 2021, India (X tons) was the key exporter of vulcanised rubber thread and cord in Southern Asia, mixing up 99% of total export.

India was also the fastest-growing in terms of the vulcanised rubber thread and cord exports, with a CAGR of +24.1% from 2012 to 2021. While the share of India (+4 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) also remains the largest vulcanised rubber thread supplier in Southern Asia.

In India, vulcanised rubber thread exports expanded at an average annual rate of +20.2% over the period from 2012-2021.

Export Prices by Country

The export price in Southern Asia stood at $X per ton in 2021, picking up by 12% against the previous year. In general, the export price, however, saw a perceptible shrinkage. The pace of growth was the most pronounced in 2017 when the export price increased by 27%. The level of export peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

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 -3.2% per year.

Vulcanised Rubber Thread Imports

Imports in Southern Asia

In 2021, vulcanised rubber thread imports in Southern Asia skyrocketed to X tons, with an increase of 28% compared with the previous year's figure. Total imports indicated a strong increase from 2012 to 2021: its volume increased at an average annual rate of +10.0% 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 +135.5% against 2012 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, vulcanised rubber thread imports skyrocketed to $X in 2021. Overall, imports showed a strong increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Bangladesh (X tons) was the key importer of vulcanised rubber thread and cord, committing 73% of total imports. India (X tons) ranks second in terms of the total imports with a 14% share, followed by Pakistan (7.1%). Sri Lanka (X tons) took a relatively small share of total imports.

Bangladesh was also the fastest-growing in terms of the vulcanised rubber thread and cord imports, with a CAGR of +14.3% from 2012 to 2021. At the same time, Sri Lanka (+13.8%) and Pakistan (+11.7%) displayed positive paces of growth. India experienced a relatively flat trend pattern. From 2012 to 2021, the share of Bangladesh increased by +21 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Bangladesh ($X) constitutes the largest market for imported vulcanised rubber thread and cord in Southern Asia, comprising 73% of total imports. The second position in the ranking was held by India ($X), with a 15% share of total imports. It was followed by Pakistan, with a 7% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Bangladesh totaled +12.4%. The remaining importing countries recorded the following average annual rates of imports growth: India (+1.3% per year) and Pakistan (+9.1% per year).

Import Prices by Country

In 2021, the import price in Southern Asia amounted to $X per ton, increasing by 33% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Average prices varied noticeably amongst the major importing countries. In 2021, major importing countries recorded the following prices: in India ($X per ton) and Bangladesh ($X per ton), while Sri Lanka ($X per ton) and Pakistan ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+2.3%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :