Report Update Nov 1, 2024

Thailand - Reclaimed Rubber - Market Analysis, Forecast, Size, Trends and Insights

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Thailand: Reclaimed Rubber Market 2024

Reclaimed Rubber Market Size in Thailand

In 2021, the Thai reclaimed rubber market decreased by -58.1% to $X, falling for the second year in a row after two years of growth. Over the period under review, consumption saw a deep downturn. As a result, consumption attained the peak level of $X. From 2020 to 2021, the growth of the market remained at a somewhat lower figure.

Reclaimed Rubber Production in Thailand

In value terms, reclaimed rubber production expanded modestly to $X in 2021 estimated in export price. Over the period under review, production, however, saw a resilient increase. The growth pace was the most rapid in 2018 when the production volume increased by 74% against the previous year. Reclaimed rubber production peaked at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Reclaimed Rubber Exports

Exports from Thailand

In 2021, the amount of reclaimed rubber exported from Thailand surged to X tons, growing by 28% on the previous year. In general, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2016 when exports increased by 197%. Over the period under review, the exports attained the peak figure in 2021 and are likely to see gradual growth in the immediate term.

In value terms, reclaimed rubber exports surged to $X in 2021. Over the period under review, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2016 with an increase of 153% against the previous year. Over the period under review, the exports reached the maximum in 2021 and are expected to retain growth in the immediate term.

Exports by Country

China (X tons) was the main destination for reclaimed rubber exports from Thailand, with a approx. 99% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to China amounted to +60.3%.

In value terms, China ($X) also remains the key foreign market for reclaimed rubber exports from Thailand.

From 2012 to 2021, the average annual growth rate of value to China totaled +48.2%.

Export Prices by Country

In 2021, the average reclaimed rubber export price amounted to $X per ton, dropping by -2.4% against the previous year. Overall, the export price recorded a deep slump. The pace of growth appeared the most rapid in 2019 when the average export price increased by 18%. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for China.

From 2012 to 2021, the rate of growth in terms of prices for China amounted to -7.6% per year.

Reclaimed Rubber Imports

Imports into Thailand

In 2021, overseas purchases of reclaimed rubber increased by 18% to X tons, rising for the second year in a row after two years of decline. Over the period under review, imports showed strong growth. The most prominent rate of growth was recorded in 2017 with an increase of 47% against the previous year. As a result, imports reached the peak of X tons. From 2018 to 2021, the growth of imports remained at a lower figure.

In value terms, reclaimed rubber imports skyrocketed to $X in 2021. Overall, total imports indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +7.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2014 when imports increased by 26%. Imports peaked in 2021 and are expected to retain growth in the near future.

Imports by Country

India (X tons), China (X tons) and Vietnam (X tons) were the main suppliers of reclaimed rubber imports to Thailand, together accounting for 90% of total imports. These countries were followed by Taiwan (Chinese), Malaysia and the United States, which together accounted for a further 8.2%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United States (with a CAGR of +46.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, India ($X), China ($X) and the United States ($X) constituted the largest reclaimed rubber suppliers to Thailand, with a combined 89% share of total imports.

In terms of the main suppliers, the United States, with a CAGR of +37.9%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average reclaimed rubber import price stood at $X per ton in 2021, standing approx. at the previous year. In general, the import price, however, showed a pronounced decline. The most prominent rate of growth was recorded in 2019 when the average import price increased by 25% against the previous year. Over the period under review, average import prices attained the maximum 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 the United States ($X per ton), while the price for Vietnam ($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 (-1.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for reclaimed rubber in the world?

China constituted the country with the largest volume of reclaimed rubber consumption, comprising approx. 21% of total volume. Moreover, reclaimed rubber consumption in China exceeded the figures recorded by the second-largest consumer, the U.S., twofold. The third position in this ranking was occupied by India, with a 8.5% share.

What are the largest producers of reclaimed rubber in the world?

The countries with the highest volumes of reclaimed rubber production in 2020 were China, India and the U.S., together accounting for 38% of global production. Canada, Japan, the UK, Russia, Thailand, Brazil, Indonesia, France, Turkey and Malaysia lagged somewhat behind, together comprising a further 33%.

What are the leading suppliers of reclaimed rubber to Thailand?

In value terms, India, China and Taiwan Chinese) constituted the largest reclaimed rubber suppliers to Thailand, together comprising 88% of total imports.

What are the leading importers of reclaimed rubber from Thailand?

In value terms, China remains the key foreign market for reclaimed rubber exports from Thailand.

What is the average export price for reclaimed rubber in Thailand?

In 2020, the average reclaimed rubber export price amounted to $359 per ton, dropping by -47.8% against the previous year.

What is the average import price for reclaimed rubber in Thailand?

The average reclaimed rubber import price stood at $828 per ton in 2020, with a decrease of -14.1% against the previous year.

This report provides an in-depth analysis of the reclaimed rubber market in Thailand. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 22191000 - Reclaimed rubber in primary forms or in plates, sheets or strips

Country coverage:

Thailand

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Thailand
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023