Thailand: Vulcanised Rubber Erases Market 2024

Vulcanised Rubber Erases Market Size in Thailand

The Thai vulcanised rubber erases market dropped markedly to $X in 2021, waning by -38.8% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption continues to indicate a deep setback. Vulcanised rubber erases consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Vulcanised Rubber Erases Exports

Exports from Thailand

In 2021, exports of erasers of vulcanised rubber from Thailand reduced rapidly to X tons, with a decrease of -16.6% on the year before. In general, exports, however, enjoyed a buoyant expansion. The pace of growth was the most pronounced in 2017 when exports increased by 77%. Over the period under review, the exports reached the peak figure at X tons in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, vulcanised rubber erases exports declined to $X in 2021. Over the period under review, exports continue to indicate a abrupt downturn. The pace of growth appeared the most rapid in 2017 when exports increased by 31% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X tons), Cote d'Ivoire (X tons) and Japan (X tons) were the main destinations of vulcanised rubber erases exports from Thailand, together comprising 38% of total exports. Australia, South Korea, Kenya, Malaysia, Yemen, Vietnam, China, India and the United Arab Emirates lagged somewhat behind, together comprising a further 53%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by China (with a CAGR of +181.0%), while the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), South Korea ($X) and Australia ($X) appeared to be the largest markets for vulcanised rubber erases exported from Thailand worldwide, with a combined 38% share of total exports. Germany, Cote d'Ivoire, Vietnam, Malaysia, China, Kenya, Yemen, India and the United Arab Emirates lagged somewhat behind, together accounting for a further 51%.

Among the main countries of destination, China, with a CAGR of +202.2%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average vulcanised rubber erases export price stood at $X per ton in 2021, increasing by 17% against the previous year. Overall, the export price, however, showed a deep contraction. Over the period under review, the average export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to Kenya ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Kenya (+31.9%), while the prices for the other major destinations experienced more modest paces of growth.

Vulcanised Rubber Erases Imports

Imports into Thailand

Vulcanised rubber erases imports into Thailand shrank significantly to X tons in 2021, falling by -31.6% compared with 2020. In general, imports saw a noticeable contraction. The growth pace was the most rapid in 2020 when imports increased by 80%. As a result, imports attained the peak of X tons, and then reduced notably in the following year.

In value terms, vulcanised rubber erases imports dropped remarkably to $X in 2021. Over the period under review, imports showed a noticeable setback. The most prominent rate of growth was recorded in 2020 when imports increased by 42% against the previous year. As a result, imports reached the peak of $X, and then contracted sharply in the following year.

Imports by Country

In 2021, China (X tons) was the main vulcanised rubber erases supplier to Thailand, with a 94% share of total imports. It was followed by France (X tons), with a 2.1% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at -2.3%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+26.0% per year) and Japan (-15.7% per year).

In value terms, China ($X) constituted the largest supplier of erasers of vulcanised rubber to Thailand, comprising 79% of total imports. The second position in the ranking was held by Japan ($X), with an 8% share of total imports.

From 2012 to 2021, the average annual growth rate of value from China amounted to +3.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-16.2% per year) and France (+15.9% per year).

Import Prices by Country

In 2021, the average vulcanised rubber erases import price amounted to $X per ton, approximately reflecting the previous year. Over the period under review, the import price, however, recorded a slight decrease. The pace of growth was the most pronounced in 2019 when the average import price increased by 47%. As a result, import price attained the peak level of $X per ton. From 2020 to 2021, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Japan ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+6.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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