Vietnam - Natural Rubber And Gums - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPrice for Natural Rubber and Gum in Vietnam - 2022
Contents:
- Price for Natural Rubber and Gum in Vietnam (FOB) - 2022
- Price for Natural Rubber and Gum in Vietnam (CIF) - 2022
- Exports of Natural Rubber and Gum in Vietnam
- Imports of Natural Rubber and Gum in Vietnam
Price for Natural Rubber and Gum in Vietnam (FOB) - 2022
The average natural rubber and gum export price stood at $926 per ton in December 2022, remaining stable against the previous month. Over the period under review, the export price, however, recorded a perceptible slump. The growth pace was the most rapid in February 2022 an increase of 10% m-o-m. Over the period under review, the average export prices reached the maximum at $1,491 per ton in April 2022; however, from May 2022 to December 2022, the export prices stood at a somewhat lower figure.
Average prices varied noticeably for the major foreign markets. In December 2022, the highest price was recorded for prices to Indonesia ($1,060 per ton) and Turkey ($1,039 per ton), while the average price for exports to Brazil ($883 per ton) and China ($906 per ton) were amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (-1.2%), while the prices for the other major destinations experienced a decline.
Price for Natural Rubber and Gum in Vietnam (CIF) - 2022
The average natural rubber and gum import price stood at $1,171 per ton in December 2022, reducing by -1.8% against the previous month. In general, the import price continues to indicate a mild slump. The most prominent rate of growth was recorded in May 2022 an increase of 8.5% against the previous month. As a result, import price attained the peak level of $1,672 per ton. From June 2022 to December 2022, the average import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for Thailand.
From December 2021 to December 2022, the rate of growth in terms of prices for Thailand amounted to -1.6% per month.
Exports of Natural Rubber and Gum in Vietnam
After three years of growth, overseas shipments of natural rubber and gums decreased by -1.3% to 194K tons in 2022. The total export volume increased at an average annual rate of +6.9% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 with an increase of 20%.
In value terms, natural rubber and gum exports declined to $225M in 2022. Over the period under review, total exports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +13.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +46.4% against 2019 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 33%.
| Export of Natural Rubber and Gum in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 82.0 | 138 | 124 | 111 | 10.6% |
| Turkey | 8.5 | 7.1 | 13.9 | 15.3 | 21.6% |
| Brazil | 8.6 | 7.2 | 9.2 | 15.2 | 20.9% |
| United States | 8.3 | 7.5 | 18.7 | 12.8 | 15.5% |
| Indonesia | 4.8 | 6.4 | 9.7 | 8.2 | 19.5% |
| Sri Lanka | 2.5 | 2.7 | 5.8 | 7.5 | 44.2% |
| Italy | 4.3 | 2.6 | 5.5 | 7.1 | 18.2% |
| Belgium | 4.5 | 6.0 | 8.4 | 7.1 | 16.4% |
| Spain | 2.9 | 3.4 | 4.9 | 5.6 | 24.5% |
| India | 4.1 | 1.5 | 4.1 | 4.5 | 3.2% |
| Germany | 2.8 | 1.8 | 6.8 | 4.5 | 17.1% |
| Pakistan | 1.8 | 2.7 | 5.2 | 4.4 | 34.7% |
| Netherlands | 4.2 | 3.3 | 5.2 | 0.7 | -45.0% |
| Others | 14.3 | 14.3 | 24.1 | 20.9 | 13.5% |
| Total | 154 | 204 | 246 | 225 | 13.5% |
Top Export Markets for Natural Rubber and Gum from Vietnam in 2022:
- China (109.7K tons)
- Turkey (10.4K tons)
- Brazil (10.1K tons)
- United States (9.7K tons)
- Indonesia (7.3K tons)
- Belgium (6.4K tons)
- Sri Lanka (5.9K tons)
- Italy (4.9K tons)
- India (3.7K tons)
- Pakistan (3.5K tons)
- Spain (3.5K tons)
- Germany (3.3K tons)
- Netherlands (0.5K tons)
Imports of Natural Rubber and Gum in Vietnam
In 2022, natural rubber and gum imports into Vietnam rose markedly to 25K tons, growing by 11% against the previous year. Over the period under review, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when imports increased by 12%. As a result, imports reached the peak of 27K tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, natural rubber and gum imports rose markedly to $32M in 2022. The total import value increased at an average annual rate of +2.6% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The growth pace was the most rapid in 2020 with an increase of 16%. As a result, imports reached the peak of $34M. From 2021 to 2022, the growth of imports remained at a lower figure.
| Import of Natural Rubber and Gum in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 25.0 | 29.6 | 22.4 | 23.5 | -2.0% |
| Cote d'Ivoire | 0.5 | 1.2 | 2.8 | 4.0 | 100.0% |
| Indonesia | 2.4 | 2.1 | 2.2 | 2.7 | 4.0% |
| Malaysia | 1.0 | 0.9 | 1.7 | 0.7 | -11.2% |
| Others | 0.9 | 0.7 | 0.6 | 1.2 | 10.1% |
| Total | 29.7 | 34.4 | 29.7 | 32.1 | 2.6% |
Top Suppliers of Natural Rubber and Gum to Vietnam in 2022:
- Thailand (17.1K tons)
- Cote d'Ivoire (6.0K tons)
- Indonesia (1.0K tons)
- Malaysia (0.3K tons)
This report provides an in-depth analysis of the market for natural rubber and gum in Vietnam. 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:
- FCL 836 - Natural rubber
Country coverage:
- Vietnam
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Vietnam
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- COUNTRIES WITH TOP YIELDS
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Yield And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Area Harvested, 2012–2023
- Yield, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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This report provides an in-depth analysis of the market for natural rubber and gum in Vietnam.
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This report provides an in-depth analysis of the global market for natural rubber and gum.
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This report provides an in-depth analysis of the market for natural rubber and gum in Vietnam.
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This report provides an in-depth analysis of the global market for natural rubber and gum.
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In the beginning of 2021, demand for natural rubber spiked and prices for rubber increased due to a quick rebound in China’s tire manufacturing and the heightened need for latex gloves during the pandemic. Rubber production is projected to climb up this year in line with rising demand, slowing down the price growth. There is a risk that droughts in Malaysia, Thailand and Indonesia will create a supply shortage in the market and enable the prices to soar again.
932
The global natural rubber and gum market amounted to $25.2B in 2019, therefore, remained relatively stable against...
970
In value terms, natural rubber, balata, gutta-percha, guayule imports stood at $X in 2016. In general, natural rubber, balata, gutta-percha, guayule imports continue to indicate a measured decline. ...
1382
In value terms, natural rubber, balata, gutta-percha, guayule exports stood at $X in 2016. Overall, natural rubber, balata, gutta-percha, guayule exports continue to indicate a significant deduction...
2821
Global natural rubber and gum consumption amounted to X thousand tons in 2015, moving up by +X% against the previous year level.
1119
In 2015, the countries with the highest levels of production were Thailand (X thousand tons), Indonesia (X thousand tons), Vietnam (X thousand tons), together accounting for X% of total output.
1684
Despite a drop in exports in 2014, Thailand continues to lead the way in the global natural rubber and gum trade. In 2014, Thailand exported X thousand tons of natural rubber and gums totaling X million USD, X% under the previous year. Its p
758
In the beginning of 2021, demand for natural rubber spiked and prices for rubber increased due to a quick rebound in China’s tire manufacturing and the heightened need for latex gloves during the pandemic. Rubber production is projected to climb up this year in line with rising demand, slowing down the price growth. There is a risk that droughts in Malaysia, Thailand and Indonesia will create a supply shortage in the market and enable the prices to soar again.
932
The global natural rubber and gum market amounted to $25.2B in 2019, therefore, remained relatively stable against...
970
In value terms, natural rubber, balata, gutta-percha, guayule imports stood at $X in 2016. In general, natural rubber, balata, gutta-percha, guayule imports continue to indicate a measured decline. ...
