Southern Asia: Market for Rubber-to-Metal and Moulded Articles 2024

Market Size for Rubber-to-Metal and Moulded Articles in Southern Asia

The South Asian rubber-to-metal and moulded article market dropped slightly to $X in 2023, flattening at the previous year. The market value increased at an average annual rate of X% from 2012 to 2023; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, the market reached the peak level at $X in 2020; however, from 2021 to 2023, consumption remained at a lower figure.

Production of Rubber-to-Metal and Moulded Articles in Southern Asia

In value terms, rubber-to-metal and moulded article production contracted modestly to $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. The level of production peaked at $X in 2020; however, from 2021 to 2023, production stood at a somewhat lower figure.

Exports of Rubber-to-Metal and Moulded Articles

Exports in Southern Asia

In 2023, overseas shipments of rubber-to-metal and moulded articles increased by less than X% to X tons, rising for the third year in a row after three years of decline. Overall, exports showed a modest increase. The most prominent rate of growth was recorded in 2021 with an increase of X%. The volume of export peaked at X tons in 2017; however, from 2018 to 2023, the exports remained at a lower figure.

In value terms, rubber-to-metal and moulded article exports contracted modestly to $X in 2023. The total export value increased at an average annual rate of X% from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when exports increased by X%. As a result, the exports attained the peak of $X. From 2022 to 2023, the growth of the exports failed to regain momentum.

Exports by Country

India was the main exporting country with an export of about X tons, which recorded X% of total exports. It was distantly followed by Sri Lanka (X tons), creating a X% share of total exports.

India was also the fastest-growing in terms of the rubber-to-metal and moulded articles exports, with a CAGR of X% from 2012 to 2023. Sri Lanka experienced a relatively flat trend pattern. India (X p.p.) significantly strengthened its position in terms of the total exports, while Sri Lanka saw its share reduced by X% from 2012 to 2023, respectively.

In value terms, India ($X) remains the largest rubber-to-metal and moulded article supplier in Southern Asia, comprising X% of total exports. The second position in the ranking was taken by Sri Lanka ($X), with a X% share of total exports.

In India, rubber-to-metal and moulded article exports expanded at an average annual rate of X% over the period from 2012-2023.

Export Prices by Country

The export price in Southern Asia stood at $X per ton in 2023, declining by X% against the previous year. Over the last eleven years, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2021 when the export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2022 to 2023, the export prices remained at a somewhat lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was India ($X per ton), while Sri Lanka totaled $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by India (X%).

Imports of Rubber-to-Metal and Moulded Articles

Imports in Southern Asia

In 2023, approx. X tons of rubber-to-metal and moulded articles were imported in Southern Asia; growing by X% on the previous year. Over the period under review, imports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when imports increased by X%. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2023, imports failed to regain momentum.

In value terms, rubber-to-metal and moulded article imports declined to $X in 2023. The total import value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. The level of import peaked at $X in 2022, and then reduced modestly in the following year.

Imports by Country

India was the main importer of rubber-to-metal and moulded articles in Southern Asia, with the volume of imports accounting for X tons, which was near X% of total imports in 2023. Bangladesh (X tons) ranks second in terms of the total imports with an X% share, followed by Sri Lanka (X%). Pakistan (X tons) followed a long way behind the leaders.

Imports into India decreased at an average annual rate of X% from 2012 to 2023. At the same time, Bangladesh (X%) and Sri Lanka (X%) displayed positive paces of growth. Moreover, Bangladesh emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of X% from 2012-2023. By contrast, Pakistan (X%) illustrated a downward trend over the same period. Bangladesh (X p.p.) and Sri Lanka (X p.p.) significantly strengthened its position in terms of the total imports, while Pakistan and India saw its share reduced by X% and X% from 2012 to 2023, respectively.

In value terms, India ($X) constitutes the largest market for imported rubber-to-metal and moulded articles in Southern Asia, comprising X% of total imports. The second position in the ranking was held by Bangladesh ($X), with a X% share of total imports. It was followed by Pakistan, with a X% share.

In India, rubber-to-metal and moulded article imports increased at an average annual rate of X% over the period from 2012-2023. The remaining importing countries recorded the following average annual rates of imports growth: Bangladesh (X% per year) and Pakistan (X% per year).

Import Prices by Country

The import price in Southern Asia stood at $X per ton in 2023, dropping by X% against the previous year. Over the last eleven-year period, it increased at an average annual rate of X%. The growth pace was the most rapid in 2013 when the import price increased by X% against the previous year. Over the period under review, import prices reached the maximum at $X per ton in 2016; however, from 2017 to 2023, import prices stood at a somewhat lower figure.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by India (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform