Overview of the Global Market for Natural Rubber And Gums

Market Size for Natural Rubber And Gums

The global natural rubber and gum market contracted to $X in 2022, almost unchanged from the previous year. In general, consumption, however, continues to indicate a slight setback. Global consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Production of Natural Rubber And Gums

In value terms, natural rubber and gum production expanded to $X in 2022 estimated in export price. Overall, production, however, showed a mild slump. The most prominent rate of growth was recorded in 2017 when the production volume increased by X% against the previous year. Over the period under review, global production attained the peak level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

The countries with the highest volumes of production in 2022 were Thailand (X tons), Indonesia (X tons) and Vietnam (X tons), with a combined X% share of global production. Cote d'Ivoire, India, China, the Philippines and Cambodia lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of production, amongst the leading producing countries, was attained by Cambodia (with a CAGR of X%), while production for the other global leaders experienced more modest paces of growth.

In 2022, the global average natural rubber and gum yield stood at X tons per ha, remaining constant against the previous year's figure. Over the period under review, the yield, however, saw a mild setback. The growth pace was the most rapid in 2021 when the yield increased by X%. Over the period under review, the average natural rubber and gum yield attained the maximum level at X tons per ha in 2012; however, from 2013 to 2022, the yield failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The global natural rubber and gum harvested area was estimated at X ha in 2022, picking up by X% on 2021. The harvested area increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. Over the period under review, the harvested area dedicated to natural rubber and gum production reached the maximum in 2022 and is expected to retain growth in years to come.

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Exports of Natural Rubber And Gums

Exports

In 2022, approx. X tons of natural rubber and gums were exported worldwide; picking up by X% on the previous year's figure. The total export volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, natural rubber and gum exports rose sharply to $X in 2022. Overall, exports, however, recorded a mild descent. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. The global exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Thailand was the main exporter of natural rubber and gums in the world, with the volume of exports reaching X tons, which was near X% of total exports in 2022. Cote d'Ivoire (X tons) ranks second in terms of the total exports with a X% share, followed by Vietnam (X%). Guatemala (X tons) held a minor share of total exports.

From 2012 to 2022, average annual rates of growth with regard to natural rubber and gum exports from Thailand stood at X%. At the same time, Cote d'Ivoire (X%), Vietnam (X%) and Guatemala (X%) displayed positive paces of growth. Moreover, Cote d'Ivoire emerged as the fastest-growing exporter exported in the world, with a CAGR of X% from 2012-2022. While the share of Cote d'Ivoire (X p.p.) and Vietnam (X p.p.) increased significantly in terms of the global exports from 2012-2022, the share of Thailand (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Thailand ($X) remains the largest natural rubber and gum supplier worldwide, comprising X% of global exports. The second position in the ranking was taken by Vietnam ($X), with a X% share of global exports. It was followed by Cote d'Ivoire, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Thailand totaled X%. The remaining exporting countries recorded the following average annual rates of exports growth: Vietnam (X% per year) and Cote d'Ivoire (X% per year).

Export Prices by Country

In 2022, the average natural rubber and gum export price amounted to $X per ton, dropping by X% against the previous year. Overall, the export price saw a abrupt slump. The growth pace was the most rapid in 2017 when the average export price increased by X% against the previous year. The global export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Guatemala ($X per ton), while Cote d'Ivoire ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Guatemala (X%), while the other global leaders experienced a decline in the export price figures.

Imports of Natural Rubber And Gums

Imports

Global natural rubber and gum imports rose to X tons in 2022, growing by X% on 2021 figures. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. The pace of growth appeared the most rapid in 2017 with an increase of X%. Global imports peaked in 2022 and are likely to continue growth in the immediate term.

In value terms, natural rubber and gum imports shrank to $X in 2022. Over the period under review, imports, however, continue to indicate a pronounced reduction. The pace of growth appeared the most rapid in 2017 with an increase of X%. Global imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X tons) was the main importer of natural rubber and gums, making up X% of total imports. It was distantly followed by Malaysia (X tons), generating a X% share of total imports. The United States (X tons), Belgium (X tons), Brazil (X tons), the Netherlands (X tons), Mexico (X tons), Iran (X tons), Turkey (X tons) and Italy (X tons) followed a long way behind the leaders.

Imports into China increased at an average annual rate of X% from 2012 to 2022. At the same time, Iran (X%), the Netherlands (X%), Turkey (X%), Mexico (X%), Italy (X%) and Brazil (X%) displayed positive paces of growth. Moreover, Iran emerged as the fastest-growing importer imported in the world, with a CAGR of X% from 2012-2022. By contrast, the United States (X%), Malaysia (X%) and Belgium (X%) illustrated a downward trend over the same period. China (X p.p.) significantly strengthened its position in terms of the global imports, while Belgium and Malaysia saw its share reduced by X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X), Malaysia ($X) and the United States ($X) constituted the countries with the highest levels of imports in 2022, with a combined X% share of global imports. Brazil, the Netherlands, Belgium, Mexico, Italy, Turkey and Iran lagged somewhat behind, together comprising a further X%.

Among the main importing countries, the Netherlands, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average natural rubber and gum import price amounted to $X per ton, declining by X% against the previous year. Overall, the import price showed a deep downturn. The pace of growth was the most pronounced in 2021 an increase of X%. Over the period under review, average import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Malaysia ($X per ton), while China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (X%), while the other global leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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