Asia-Pacific: Vulcanised Rubber Erases Market 2024

Vulcanised Rubber Erases Market Size in Asia-Pacific

In 2023, the Asia-Pacific vulcanised rubber erases market decreased by X% to $X, falling for the second year in a row after three years of growth. Over the period under review, consumption, however, recorded a mild increase. The level of consumption peaked at $X in 2021; however, from 2022 to 2023, consumption stood at a somewhat lower figure.

Vulcanised Rubber Erases Production in Asia-Pacific

In value terms, vulcanised rubber erases production expanded 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 most prominent rate of growth was recorded 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-Pacific

In 2023, overseas shipments of erasers of vulcanised rubber increased by X% to X tons, rising for the second year in a row after three years of decline. Over the period under review, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2022 with an increase of X%. The volume of export peaked at X tons in 2018; however, from 2019 to 2023, the exports remained at a lower figure.

In value terms, vulcanised rubber erases exports expanded rapidly to $X in 2023. Total exports indicated noticeable growth 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, exports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2022 when exports increased by X% against the previous year. The level of export peaked in 2023 and is expected to retain growth in years to come.

Exports by Country

China dominates exports structure, resulting at X tons, which was near 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) followed a long way behind the leaders.

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-Pacific, with a CAGR of X% from 2012-2023. By contrast, Taiwan (Chinese) (X%) illustrated a downward trend over the same period. While the share of India (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of China (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2012 to 2023, the average annual rate of growth in terms of value in China stood at X%. The remaining exporting countries recorded the following average annual rates of exports growth: Taiwan (Chinese) (X% per year) and India (X% per year).

Export Prices by Country

In 2023, the export price in Asia-Pacific amounted to $X per ton, remaining relatively unchanged against the previous year. Export price indicated a noticeable expansion 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 attained the peak level of $X per ton. From 2017 to 2023, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: 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-Pacific

In 2023, approx. X tons of erasers of vulcanised rubber were imported in Asia-Pacific; stabilizing at the previous year. Total imports indicated a slight expansion from 2012 to 2023: its volume 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 pace of growth appeared the most rapid 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 failed to regain momentum.

In value terms, vulcanised rubber erases imports fell rapidly to $X in 2023. In general, imports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2022 when imports increased by X% against the previous year. The level of import peaked at $X in 2018; however, from 2019 to 2023, imports failed to regain momentum.

Imports by Country

India was the largest importer of erasers of vulcanised rubber in Asia-Pacific, with the volume of imports reaching X tons, which was near X% of total imports in 2023. Indonesia (X tons) held the second position in the ranking, followed by Thailand (X tons), Vietnam (X tons), Malaysia (X tons), Myanmar (X tons), Pakistan (X tons), the Philippines (X tons) and Sri Lanka (X tons). All these countries together took approx. X% share 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%) and Sri Lanka (X%) displayed positive paces of growth. Thailand experienced a relatively flat trend pattern. By contrast, Pakistan (X%), Indonesia (X%) and Vietnam (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of India, Myanmar, Malaysia and the Philippines increased by X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest vulcanised rubber erases importing markets in Asia-Pacific were Thailand ($X), India ($X) and Indonesia ($X), with a combined X% share of total imports. Vietnam, Malaysia, the Philippines, Pakistan, Myanmar and Sri Lanka lagged somewhat behind, together comprising 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

The import price in Asia-Pacific stood at $X per ton in 2023, falling by X% against the previous year. In general, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced 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 remained at a somewhat lower figure.

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 Thailand ($X per ton), while Myanmar ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform