Asia: Market for Natural Rubber And Gums 2024

Market Size for Natural Rubber And Gums in Asia

The Asian natural rubber and gum market stood at $X in 2022, almost unchanged from the previous year. Over the period under review, consumption, however, recorded a perceptible setback. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Production of Natural Rubber And Gums in Asia

In value terms, natural rubber and gum production stood at $X in 2022 estimated in export price. Overall, production, however, showed a noticeable downturn. The pace of growth appeared the most rapid in 2017 with an increase of X%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production remained at a 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 total production. India, China, the Philippines and Cambodia lagged somewhat behind, together comprising a further X%.

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

The average natural rubber and gum yield stood at X tons per ha in 2022, remaining constant against 2021. In general, the yield, however, recorded a mild decline. The most prominent rate of growth was recorded in 2017 when the yield increased by X% against the previous year. Over the period under review, the natural rubber and gum yield hit record highs at X tons per ha in 2012; however, from 2013 to 2022, the yield remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, approx. X ha of natural rubber and gums were harvested in Asia; surging by X% compared with 2021. The harvested area increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2014 with an increase of X%. Over the period under review, the harvested area dedicated to natural rubber and gum production reached the peak figure in 2022 and is expected to retain growth in years to come.

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

Exports of Natural Rubber And Gums

Exports in Asia

In 2022, after two years of growth, there was decline in overseas shipments of natural rubber and gums, when their volume decreased by X% to X tons. The total export 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 throughout the analyzed period. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. The volume of export peaked at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, natural rubber and gum exports dropped to $X in 2022. Over the period under review, exports saw a pronounced decrease. The most prominent rate of growth was recorded in 2017 when exports increased by X%. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Thailand represented the main exporter of natural rubber and gums in Asia, with the volume of exports recording X tons, which was near X% of total exports in 2022. It was distantly followed by Vietnam (X tons), making up a X% share of total exports.

Exports from Thailand increased at an average annual rate of X% from 2012 to 2022. At the same time, Vietnam (X%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in Asia, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of Vietnam increased by X percentage points.

In value terms, Thailand ($X) remains the largest natural rubber and gum supplier in Asia, comprising X% of total exports. The second position in the ranking was taken by Vietnam ($X), with an X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Thailand amounted to X%.

Export Prices by Country

The export price in Asia stood at $X per ton in 2022, with a decrease of X% against the previous year. Overall, the export price saw a abrupt curtailment. The most prominent rate of growth was recorded in 2017 when the export price increased by X% against the previous year. Over the period under review, the export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Thailand ($X per ton), while Vietnam amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (X%).

Imports of Natural Rubber And Gums

Imports in Asia

Natural rubber and gum imports expanded notably to X tons in 2022, with an increase of X% on 2021. The total import 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 throughout the analyzed period. The pace of growth appeared the most rapid in 2017 when imports increased by X% against the previous year. The volume of import peaked at X tons in 2020; afterwards, it flattened through to 2022.

In value terms, natural rubber and gum imports reduced slightly to $X in 2022. Over the period under review, imports, however, continue to indicate a perceptible downturn. The pace of growth was the most pronounced in 2017 with an increase of X%. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

China represented the main importer of natural rubber and gums in Asia, with the volume of imports amounting to X tons, which was near X% of total imports in 2022. It was distantly followed by Malaysia (X tons), creating a X% share of total imports. Iran (X tons), Turkey (X tons), Indonesia (X tons), South Korea (X tons) and Sri Lanka (X tons) held a little share of total imports.

From 2012 to 2022, average annual rates of growth with regard to natural rubber and gum imports into China stood at X%. At the same time, Sri Lanka (X%), Iran (X%), Turkey (X%) and Indonesia (X%) displayed positive paces of growth. Moreover, Sri Lanka emerged as the fastest-growing importer imported in Asia, with a CAGR of X% from 2012-2022. By contrast, Malaysia (X%) and South Korea (X%) illustrated a downward trend over the same period. While the share of China (X p.p.) and Iran (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of South Korea (X p.p.) and Malaysia (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X), Malaysia ($X) and Turkey ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined X% share of total imports. Iran, Sri Lanka, Indonesia and South Korea lagged somewhat behind, together accounting for a further X%.

In terms of the main importing countries, Sri Lanka, with a CAGR of X%, recorded the highest rates of growth with regard to 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 import price in Asia stood at $X per ton in 2022, falling by X% against the previous year. Overall, the import price showed a abrupt downturn. The growth pace was the most rapid in 2021 an increase of X%. The level of import peaked 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 Turkey (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :