Thailand: Vulcanised Rubber Mats Market 2024

Vulcanised Rubber Mats Market Size in Thailand

The Thai vulcanised rubber mats market stood at $X in 2021, with an increase of 7.1% against the previous year. In general, consumption, however, recorded a relatively flat trend pattern. Vulcanised rubber mats consumption peaked at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Vulcanised Rubber Mats Production in Thailand

In value terms, vulcanised rubber mats production surged to $X in 2021 estimated in export price. Over the period under review, production continues to indicate a relatively flat trend pattern. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Vulcanised Rubber Mats Exports

Exports from Thailand

In 2021, overseas shipments of floor coverings and mats of vulcanised rubber increased by 28% to X tons, rising for the second year in a row after two years of decline. The total export volume increased at an average annual rate of +1.6% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The exports peaked at X tons in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

In value terms, vulcanised rubber mats exports soared to $X in 2021. The total export value increased at an average annual rate of +1.0% over the period from 2012 to 2021; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States (X tons) was the main destination for vulcanised rubber mats exports from Thailand, accounting for a 49% share of total exports. Moreover, vulcanised rubber mats exports to the United States exceeded the volume sent to the second major destination, Japan (X tons), threefold. The Netherlands (X tons) ranked third in terms of total exports with a 15% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States stood at +4.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (-4.0% per year) and the Netherlands (+8.1% per year).

In value terms, the largest markets for vulcanised rubber mats exported from Thailand were the United States ($X), Japan ($X) and the Netherlands ($X), with a combined 74% share of total exports. Canada, Sweden, Cambodia and Australia lagged somewhat behind, together comprising a further 9.2%.

Cambodia, with a CAGR of +32.0%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination 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 mats export price stood at $X per ton in 2021, picking up by 3.3% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when the average export price increased by 43% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2020 to 2021, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($X per ton), while the average price for exports to Sweden ($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 Canada (+3.7%), while the prices for the other major destinations experienced more modest paces of growth.

Vulcanised Rubber Mats Imports

Imports into Thailand

In 2021, the amount of floor coverings and mats of vulcanised rubber imported into Thailand contracted slightly to X tons, declining by -3.7% against 2020. Overall, imports, however, recorded a prominent increase. The most prominent rate of growth was recorded in 2020 when imports increased by 46% against the previous year. As a result, imports reached the peak of X tons, and then reduced slightly in the following year.

In value terms, vulcanised rubber mats imports fell to $X in 2021. Over the period under review, imports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of 29% against the previous year. Imports peaked at $X in 2020, and then declined in the following year.

Imports by Country

In 2021, China (X tons) constituted the largest vulcanised rubber mats supplier to Thailand, with a 89% share of total imports. Moreover, vulcanised rubber mats imports from China exceeded the figures recorded by the second-largest supplier, Malaysia (X tons), more than tenfold. The United States (X tons) ranked third in terms of total imports with a 2.1% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at +14.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (-5.4% per year) and the United States (+22.0% per year).

In value terms, China ($X) constituted the largest supplier of floor coverings and mats of vulcanised rubber to Thailand, comprising 65% of total imports. The second position in the ranking was held by Japan ($X), with a 15% share of total imports. It was followed by the United States, with a 6.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to +12.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-10.2% per year) and the United States (+7.3% per year).

Import Prices by Country

In 2021, the average vulcanised rubber mats import price amounted to $X per ton, increasing by 2.1% against the previous year. Overall, the import price, however, saw a abrupt descent. The pace of growth was the most pronounced in 2018 when the average import price increased by 15% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: 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 Malaysia (+8.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :