Thailand: Market for Extruded Solid Rubber Rods And Profiles 2025

Market Size for Extruded Solid Rubber Rods And Profiles in Thailand

The Thai extruded solid rubber rod market contracted slightly to $X in 2022, declining by -4.7% against the previous year. Overall, consumption, however, recorded a perceptible shrinkage. Extruded solid rubber rod consumption peaked at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Production of Extruded Solid Rubber Rods And Profiles in Thailand

In value terms, extruded solid rubber rod production reduced to $X in 2022 estimated in export price. In general, production continues to indicate a perceptible setback. The growth pace was the most rapid in 2021 with an increase of 26%. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Exports of Extruded Solid Rubber Rods And Profiles

Exports from Thailand

Extruded solid rubber rod exports from Thailand reduced to X tons in 2022, declining by -13.3% against 2021. Over the period under review, exports showed a abrupt setback. The pace of growth appeared the most rapid in 2021 when exports increased by 15% against the previous year. The exports peaked at X tons in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, extruded solid rubber rod exports declined significantly to $X in 2022. In general, exports recorded a abrupt curtailment. The growth pace was the most rapid in 2021 with an increase of 32%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Japan (X tons), Malaysia (X tons) and the Czech Republic (X tons) were the main destinations of extruded solid rubber rod exports from Thailand, together comprising 64% of total exports. Lao People's Democratic Republic, India, the United States, Myanmar, South Korea, China and Turkey lagged somewhat behind, together comprising a further 28%.

From 2012 to 2022, the biggest increases were recorded for Myanmar (with a CAGR of +110.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, India ($X), Malaysia ($X) and Japan ($X) were the largest markets for extruded solid rubber rod exported from Thailand worldwide, with a combined 54% share of total exports. The United States, Lao People's Democratic Republic, the Czech Republic, Myanmar, China, South Korea and Turkey lagged somewhat behind, together accounting for a further 28%.

Among the main countries of destination, Myanmar, with a CAGR of +77.9%, recorded 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

In 2022, the average extruded solid rubber rod export price amounted to $X per ton, shrinking by -4.6% against the previous year. Over the period under review, export price indicated a moderate expansion from 2012 to 2022: its price increased at an average annual rate of +3.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, extruded solid rubber rod export price increased by +9.5% against 2020 indices. The growth pace was the most rapid in 2017 when the average export price increased by 34%. As a result, the export price reached the peak level of $X per ton. From 2018 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was India ($X per ton), while the average price for exports to the Czech Republic ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Pakistan (+16.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Extruded Solid Rubber Rods And Profiles

Imports into Thailand

In 2022, approx. X tons of extruded solid rubber rods and profiles were imported into Thailand; surging by 68% on the previous year. Overall, imports, however, recorded a slight curtailment. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, extruded solid rubber rod imports surged to $X in 2022. In general, imports, however, continue to indicate a abrupt curtailment. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

South Korea (X tons), China (X tons) and Japan (X tons) were the main suppliers of extruded solid rubber rod imports to Thailand, together accounting for 84% of total imports.

From 2012 to 2022, the biggest increases were recorded for South Korea (with a CAGR of +40.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X) constituted the largest supplier of extruded solid rubber rods and profiles to Thailand, comprising 36% of total imports. The second position in the ranking was held by China ($X), with an 18% share of total imports. It was followed by Poland, with a 10% share.

From 2012 to 2022, the average annual growth rate of value from Japan stood at -14.0%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+1.9% per year) and Poland (+36.4% per year).

Import Prices by Country

The average extruded solid rubber rod import price stood at $X per ton in 2022, waning by -30.9% against the previous year. Over the period under review, the import price continues to indicate a deep reduction. The pace of growth appeared the most rapid in 2021 when the average import price increased by 33%. Over the period under review, average import prices reached the maximum at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+1.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :