Asia: Prepared Rubber Accelerators Market 2024

Prepared Rubber Accelerators Market Size in Asia

In 2022, the Asian prepared rubber accelerators market increased by X% to $X, rising for the second year in a row after two years of decline. The total consumption indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2020 indices. Over the period under review, the market attained the maximum level in 2022 and is expected to retain growth in years to come.

Prepared Rubber Accelerators Production in Asia

In value terms, prepared rubber accelerators production shrank modestly to $X in 2022 estimated in export price. The total production indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2018 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2022, production growth failed to regain momentum.

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Prepared Rubber Accelerators Exports

Exports in Asia

In 2022, exports of prepared rubber accelerators in Asia declined sharply to X tons, with a decrease of X% against the year before. Total exports indicated a buoyant increase from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2021, and then shrank significantly in the following year.

In value terms, prepared rubber accelerators exports stood at $X in 2022. Total exports indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by X%. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the immediate term.

Exports by Country

In 2022, China (X tons) was the major exporter of prepared rubber accelerators, mixing up X% of total exports. It was distantly followed by Malaysia (X tons), creating a X% share of total exports. The following exporters - South Korea (X tons), India (X tons) and Taiwan (Chinese) (X tons) - together made up X% of total exports.

China was also the fastest-growing in terms of the prepared rubber accelerators exports, with a CAGR of X% from 2012 to 2022. At the same time, Malaysia (X%) and India (X%) displayed positive paces of growth. By contrast, South Korea (X%) and Taiwan (Chinese) (X%) illustrated a downward trend over the same period. While the share of China (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of India (X p.p.), South Korea (X p.p.) and Taiwan (Chinese) (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest prepared rubber accelerators supplier in Asia, comprising X% of total exports. The second position in the ranking was taken by Malaysia ($X), with a X% share of total exports. It was followed by India, with a X% share.

In China, prepared rubber accelerators exports increased at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Malaysia (X% per year) and India (X% per year).

Export Prices by Country

In 2022, the export price in Asia amounted to $X per ton, increasing by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was India ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2022, 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.

Prepared Rubber Accelerators Imports

Imports in Asia

In 2022, purchases abroad of prepared rubber accelerators decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. Total imports indicated a prominent increase from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2019 indices. The growth pace was the most rapid in 2017 when imports increased by X%. The volume of import peaked at X tons in 2021, and then declined in the following year.

In value terms, prepared rubber accelerators imports reduced modestly to $X in 2022. Total imports indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of X%. As a result, imports reached the peak of $X, and then reduced in the following year.

Imports by Country

The purchases of the five major importers of prepared rubber accelerators, namely Thailand, Indonesia, India, China and Vietnam, represented more than two-thirds of total import. Malaysia (X tons), South Korea (X tons), Sri Lanka (X tons), Turkey (X tons), the Philippines (X tons), Japan (X tons) and Taiwan (Chinese) (X tons) took a minor share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Thailand (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Thailand ($X), India ($X) and Indonesia ($X) were the countries with the highest levels of imports in 2022, together comprising X% of total imports. Vietnam, China, South Korea, Sri Lanka, Malaysia, Turkey, Taiwan (Chinese), Japan and the Philippines lagged somewhat behind, together comprising a further X%.

Among the main importing countries, the Philippines, with a CAGR of X%, saw the highest growth rate of 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, with an increase of X% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the near future.

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

From 2012 to 2022, 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

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