Thailand: Market for Tubes, Pipes And Hoses Of Vulcanized Rubber 2025

Market Size for Tubes, Pipes And Hoses Of Vulcanized Rubber in Thailand

The Thai rubber tube and pipe market reached $X in 2021, with an increase of 4.6% against the previous year. The market value increased at an average annual rate of +2.0% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Rubber tube and pipe consumption peaked at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Production of Tubes, Pipes And Hoses Of Vulcanized Rubber in Thailand

In value terms, rubber tube and pipe production rose remarkably to $X in 2021 estimated in export price. Over the period under review, the total production indicated a measured increase from 2012 to 2021: its value increased at an average annual rate of +3.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -6.2% against 2019 indices. The pace of growth was the most pronounced in 2015 when the production volume increased by 23% against the previous year. Over the period under review, production reached the peak level at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Exports of Tubes, Pipes And Hoses Of Vulcanized Rubber

Exports from Thailand

In 2021, after two years of decline, there was significant growth in shipments abroad of tubes, pipes and hoses of vulcanized rubber, when their volume increased by 14% to X tons. The total export volume increased at an average annual rate of +3.3% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2016 when exports increased by 23%. Over the period under review, the exports hit record highs at X tons in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, rubber tube and pipe exports surged to $X in 2021. Overall, total exports indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +5.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

The United States (X tons) was the main destination for rubber tube and pipe exports from Thailand, accounting for a 27% share of total exports. Moreover, rubber tube and pipe exports to the United States exceeded the volume sent to the second major destination, Germany (X tons), threefold. The third position in this ranking was taken by China (X tons), with a 9.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States stood at +2.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+21.6% per year) and China (+10.1% per year).

In value terms, the United States ($X), China ($X) and Japan ($X) were the largest markets for rubber tube and pipe exported from Thailand worldwide, with a combined 45% share of total exports. Argentina, South Africa, Indonesia, Germany, India, Malaysia, Vietnam, Italy, the Philippines and Lao People's Democratic Republic lagged somewhat behind, together accounting for a further 34%.

Italy, with a CAGR of +33.9%, recorded the highest growth rate of 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

In 2021, the average rubber tube and pipe export price amounted to $X per ton, picking up by 5.1% against the previous year. Over the last nine-year period, it increased at an average annual rate of +2.1%. The most prominent rate of growth was recorded in 2015 an increase of 21% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2019; however, from 2020 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Argentina ($X per ton), while the average price for exports to Germany ($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 China (+8.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Tubes, Pipes And Hoses Of Vulcanized Rubber

Imports into Thailand

In 2021, supplies from abroad of tubes, pipes and hoses of vulcanized rubber increased by 32% to X tons for the first time since 2018, thus ending a two-year declining trend. In general, total imports indicated mild growth from 2012 to 2021: its volume increased at an average annual rate of +1.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2014 when imports increased by 33%. As a result, imports attained the peak of X tons. From 2015 to 2021, the growth of imports remained at a lower figure.

In value terms, rubber tube and pipe imports skyrocketed to $X in 2021. Over the period under review, imports, however, showed a pronounced curtailment. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest rubber tube and pipe supplier to Thailand, accounting for a 41% share of total imports. Moreover, rubber tube and pipe imports from China exceeded the figures recorded by the second-largest supplier, Japan (X tons), twofold. The third position in this ranking was taken by Malaysia (X tons), with a 6.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +11.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-4.5% per year) and Malaysia (-1.9% per year).

In value terms, Japan ($X) constituted the largest supplier of tubes, pipes and hoses of vulcanized rubber to Thailand, comprising 36% of total imports. The second position in the ranking was taken by China ($X), with a 16% share of total imports. It was followed by Germany, with an 8.8% share.

From 2012 to 2021, the average annual growth rate of value from Japan totaled -6.6%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+7.7% per year) and Germany (+2.1% per year).

Import Prices by Country

The average rubber tube and pipe import price stood at $X per ton in 2021, which is down by -2.1% against the previous year. In general, the import price recorded a pronounced setback. The growth pace was the most rapid in 2015 when the average import price increased by 42% 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.

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 Italy (+3.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :