Asia: Vulcanised Rubber Erases Market 2024

Vulcanised Rubber Erases Market Size in Asia

In 2023, the Asian vulcanised rubber erases market decreased by X% to $X, falling for the second year in a row after three years of growth. Overall, consumption, however, continues to indicate a slight expansion. As a result, consumption reached the peak level of $X. From 2017 to 2023, the growth of the market remained at a somewhat lower figure.

Vulcanised Rubber Erases Production in Asia

In value terms, vulcanised rubber erases production rose modestly to $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2016 with an increase of X%. As a result, production attained the peak level of $X. From 2017 to 2023, production growth failed to regain momentum.

Vulcanised Rubber Erases Exports

Exports in Asia

In 2023, overseas shipments of erasers of vulcanised rubber increased by X% to X tons, rising for the second consecutive year after three years of decline. Over the period under review, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2022 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2018; however, from 2019 to 2023, the exports failed to regain momentum.

In value terms, vulcanised rubber erases exports rose notably to $X in 2023. Total exports indicated a measured increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2022 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum in 2023 and are likely to see gradual growth in years to come.

Exports by Country

China prevails in exports structure, amounting to X tons, which was approx. X% of total exports in 2023. It was distantly followed by India (X tons), comprising a X% share of total exports. Taiwan (Chinese) (X tons) took a relatively small share of total exports.

China experienced a relatively flat trend pattern with regard to volume of exports of erasers of vulcanised rubber. At the same time, India (X%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing exporter exported in Asia, with a CAGR of X% from 2012-2023. By contrast, Taiwan (Chinese) (X%) illustrated a downward trend over the same period. India (X p.p.) significantly strengthened its position in terms of the total exports, while China saw its share reduced by X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest vulcanised rubber erases supplier in Asia, comprising X% of total exports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a X% share of total exports.

In China, vulcanised rubber erases exports expanded at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Taiwan (Chinese) (X% per year) and India (X% per year).

Export Prices by Country

In 2023, the export price in Asia amounted to $X per ton, flattening at the previous year. Export price indicated a perceptible increase from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, vulcanised rubber erases export price increased by X% against 2018 indices. The pace of growth appeared the most rapid in 2016 an increase of X%. As a result, the export price reached the peak level of $X per ton. From 2017 to 2023, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($X per ton), while India ($X per ton) was amongst the lowest.

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

Vulcanised Rubber Erases Imports

Imports in Asia

In 2023, the amount of erasers of vulcanised rubber imported in Asia shrank modestly to X tons, reducing by X% compared with 2022. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2022 when imports increased by X% against the previous year. The volume of import peaked at X tons in 2017; however, from 2018 to 2023, imports remained at a lower figure.

In value terms, vulcanised rubber erases imports fell significantly to $X in 2023. Total imports indicated a slight increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2021 indices. The most prominent rate of growth was recorded in 2022 with an increase of X% against the previous year. As a result, imports attained the peak of $X, and then fell rapidly in the following year.

Imports by Country

In 2023, India (X tons), distantly followed by Indonesia (X tons), Thailand (X tons), Vietnam (X tons), the United Arab Emirates (X tons), Malaysia (X tons), Iraq (X tons), Myanmar (X tons) and Pakistan (X tons) were the key importers of erasers of vulcanised rubber, together committing X% of total imports. The following importers - the Philippines (X tons), Sri Lanka (X tons), Turkey (X tons) and South Korea (X tons) - together made up X% of total imports.

India was also the fastest-growing in terms of the erasers of vulcanised rubber imports, with a CAGR of X% from 2012 to 2023. At the same time, Myanmar (X%), Malaysia (X%), the Philippines (X%), Turkey (X%), Iraq (X%), Sri Lanka (X%) and the United Arab Emirates (X%) displayed positive paces of growth. Thailand experienced a relatively flat trend pattern. By contrast, Pakistan (X%), Indonesia (X%), Vietnam (X%) and South Korea (X%) illustrated a downward trend over the same period. India (X p.p.), Myanmar (X p.p.), Malaysia (X p.p.), the Philippines (X p.p.), Iraq (X p.p.) and Turkey (X p.p.) significantly strengthened its position in terms of the total imports, while Pakistan, South Korea, Indonesia and Vietnam saw its share reduced by X%, X%, X% and X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Thailand ($X), India ($X) and Indonesia ($X) were the countries with the highest levels of imports in 2023, with a combined X% share of total imports. Iraq, Vietnam, Malaysia, the United Arab Emirates, South Korea, Turkey, the Philippines, Pakistan, Myanmar and Sri Lanka lagged somewhat behind, together accounting for a further X%.

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

Import Prices by Country

In 2023, the import price in Asia amounted to $X per ton, declining by X% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the import price increased by X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2022 to 2023, the import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was South Korea ($X per ton), while Myanmar ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform