Thailand: Prepared Rubber Accelerators Market 2024

Prepared Rubber Accelerators Market Size in Thailand

The Thai prepared rubber accelerators market skyrocketed to $X in 2021, picking up by 33% 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). In general, consumption saw resilient growth. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Prepared Rubber Accelerators Exports

Exports from Thailand

In 2021, shipments abroad of prepared rubber accelerators increased by 34% to X tons, rising for the second consecutive year after three years of decline. Over the period under review, exports posted a buoyant increase. The pace of growth appeared the most rapid in 2020 with an increase of 68% against the previous year. The exports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, prepared rubber accelerators exports soared to $X in 2021. In general, exports recorded a prominent expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Indonesia (X tons) was the main destination for prepared rubber accelerators exports from Thailand, with a 60% share of total exports. Moreover, prepared rubber accelerators exports to Indonesia exceeded the volume sent to the second major destination, Saudi Arabia (X tons), sixfold. The third position in this ranking was held by Bangladesh (X tons), with a 7.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Indonesia stood at +10.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (+2,324.8% per year) and Bangladesh (+24.5% per year).

In value terms, Indonesia ($X) remains the key foreign market for prepared rubber accelerators exports from Thailand, comprising 53% of total exports. The second position in the ranking was held by Malaysia ($X), with an 8.8% share of total exports. It was followed by Saudi Arabia, with a 6.2% share.

From 2012 to 2021, the average annual growth rate of value to Indonesia amounted to +12.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (+12.1% per year) and Saudi Arabia (+865.7% per year).

Export Prices by Country

The average prepared rubber accelerators export price stood at $X per ton in 2021, surging by 2.6% against the previous year. Over the period under review, export price indicated tangible growth from 2012 to 2021: its price increased at an average annual rate of +2.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, prepared rubber accelerators export price decreased by -30.8% against 2019 indices. The most prominent rate of growth was recorded in 2019 when the average export price increased by 35% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2020 to 2021, the average export prices remained at a somewhat 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 India ($X per ton), while the average price for exports to Bangladesh ($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 Vietnam (+16.3%), while the prices for the other major destinations experienced more modest paces of growth.

Prepared Rubber Accelerators Imports

Imports into Thailand

In 2021, the amount of prepared rubber accelerators imported into Thailand stood at X tons, picking up by 11% against the year before. Over the period under review, imports posted a buoyant increase. The pace of growth appeared the most rapid in 2020 with an increase of 44% against the previous year. Imports peaked in 2021 and are likely to continue growth in the near future.

In value terms, prepared rubber accelerators imports soared to $X in 2021. Overall, imports showed a buoyant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of prepared rubber accelerators to Thailand, accounting for a 68% share of total imports. Moreover, prepared rubber accelerators imports from China exceeded the figures recorded by the second-largest supplier, Malaysia (X tons), fivefold. The third position in this ranking was held by Japan (X tons), with a 4.2% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at +17.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+7.7% per year) and Japan (+8.0% per year).

In value terms, China ($X) constituted the largest supplier of prepared rubber accelerators to Thailand, comprising 65% of total imports. The second position in the ranking was held by Japan ($X), with an 8.7% share of total imports. It was followed by Malaysia, with an 8.7% share.

From 2012 to 2021, the average annual growth rate of value from China totaled +17.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+0.3% per year) and Malaysia (+5.6% per year).

Import Prices by Country

The average prepared rubber accelerators import price stood at $X per ton in 2021, jumping by 31% against the previous year. In general, the import price, however, continues to indicate a mild setback. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

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 ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+4.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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