Vietnam: Market for Natural Rubber And Gums 2024

Market Size for Natural Rubber And Gums in Vietnam

The Vietnamese natural rubber and gum market contracted to $X in 2022, which is down by X% against the previous year. In general, consumption saw a mild shrinkage. Natural rubber and gum 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 Vietnam

In value terms, natural rubber and gum production rose modestly to $X in 2022 estimated in export price. Overall, production, however, showed a noticeable descent. The pace of growth was the most pronounced in 2017 with an increase of X%. Natural rubber and gum production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

In 2022, the average natural rubber and gum yield in Vietnam rose remarkably to X tons per ha, surging by X% compared with the previous year. Overall, the yield showed a relatively flat trend pattern. As a result, the yield attained the peak level and is likely to continue growth in the immediate term. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the harvested area of natural rubber and gums in Vietnam reduced modestly to X ha, waning by X% against 2021 figures. The harvested area 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 most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. The natural rubber and gum harvested area peaked at X ha in 2021, and then contracted slightly in the following year.

Exports of Natural Rubber And Gums

Exports from Vietnam

Natural rubber and gum exports from Vietnam soared to X tons in 2022, picking up by X% against 2021 figures. Overall, exports enjoyed buoyant growth. The most prominent rate of growth was recorded in 2019 when exports increased by X% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, natural rubber and gum exports soared to $X in 2022. Over the period under review, exports continue to indicate a strong expansion. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.

Exports by Country

China (X tons) was the main destination for natural rubber and gum exports from Vietnam, with a X% share of total exports. Moreover, natural rubber and gum exports to China exceeded the volume sent to the second major destination, Turkey (X tons), more than tenfold. The third position in this ranking was taken by Brazil (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to China totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (X% per year) and Brazil (X% per year).

In value terms, China ($X) remains the key foreign market for natural rubber and gums exports from Vietnam, comprising X% of total exports. The second position in the ranking was taken by Turkey ($X), with a X% share of total exports. It was followed by Brazil, with a X% share.

From 2012 to 2022, the average annual growth rate of value to China amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (X% per year) and Brazil (X% per year).

Export Prices by Country

In 2022, the average natural rubber and gum export price amounted to $X per ton, falling by X% against the previous year. In general, the export price showed a abrupt contraction. The most prominent rate of growth was recorded in 2017 an increase of X%. Over the period under review, the average export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were Sri Lanka ($X per ton) and Turkey ($X per ton), while the average price for exports to China ($X per ton) and Italy ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Sri Lanka (X%), while the prices for the other major destinations experienced a decline.

Imports of Natural Rubber And Gums

Imports into Vietnam

In 2022, approx. X tons of natural rubber and gums were imported into Vietnam; surging by X% against 2021. Overall, imports saw prominent growth. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, natural rubber and gum imports contracted to $X in 2022. Over the period under review, imports saw a prominent increase. The most prominent rate of growth was recorded in 2017 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Thailand (X tons) was the main supplier of natural rubber and gum to Vietnam, with a X% share of total imports. Moreover, natural rubber and gum imports from Thailand exceeded the figures recorded by the second-largest supplier, Malaysia (X tons), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Thailand totaled X%.

In value terms, Thailand ($X) constituted the largest supplier of natural rubber and gums to Vietnam, comprising X% of total imports. The second position in the ranking was taken by Malaysia ($X), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Thailand totaled X%.

Import Prices by Country

In 2022, the average natural rubber and gum import price amounted to $X per ton, falling by X% against the previous year. In general, the import price saw a perceptible slump. The most prominent rate of growth was recorded in 2017 when the average import price increased by X%. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Malaysia ($X per ton), while the price for Thailand totaled $X per ton.

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

Source: IndexBox Platform

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