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

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

The Asian rubber-to-metal and moulded article market rose sharply to $X in 2023, growing by X% against the previous year. The total consumption indicated a noticeable expansion 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, consumption increased by X% against 2020 indices. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2023, consumption stood at a somewhat lower figure.

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

In value terms, rubber-to-metal and moulded article production rose slightly to $X in 2023 estimated in export price. The total production indicated a notable expansion 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, production increased by X% against 2020 indices. The growth pace was the most rapid in 2018 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2023, production stood at a somewhat lower figure.

Exports of Rubber-to-Metal and Moulded Articles

Exports in Asia

After two years of growth, shipments abroad of rubber-to-metal and moulded articles decreased by X% to X tons in 2023. The total export volume increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when exports increased by X%. The volume of export peaked at X tons in 2022, and then reduced in the following year.

In value terms, rubber-to-metal and moulded article exports declined to $X in 2023. The total export value increased at an average annual rate of X% from 2012 to 2023; however, 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% against the previous year. The level of export peaked at $X in 2022, and then shrank modestly in the following year.

Exports by Country

In 2023, China (X tons) was the largest exporter of rubber-to-metal and moulded articles, generating X% of total exports. Turkey (X tons) held the second position in the ranking, followed by Thailand (X tons), India (X tons) and Japan (X tons). All these countries together held near X% share of total exports. The following exporters - Malaysia (X tons) and South Korea (X tons) - each recorded an X% share of total exports.

China 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. At the same time, Turkey (X%), Malaysia (X%) and India (X%) displayed positive paces of growth. Thailand experienced a relatively flat trend pattern. By contrast, South Korea (X%) and Japan (X%) illustrated a downward trend over the same period. China (X p.p.) significantly strengthened its position in terms of the total exports, while South Korea, Thailand and Japan saw its share reduced by 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, China ($X) remains the largest rubber-to-metal and moulded article supplier in Asia, comprising X% of total exports. The second position in the ranking was held by Turkey ($X), with a X% share of total exports. It was followed by Japan, with a X% share.

From 2012 to 2023, the average annual growth rate of value in China totaled X%. In the other countries, the average annual rates were as follows: Turkey (X% per year) and Japan (X% per year).

Export Prices by Country

The export price in Asia stood at $X per ton in 2023, declining by X% against the previous year. Overall, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of X%. The level of export peaked at $X per ton in 2016; however, from 2017 to 2023, the export prices remained at a lower figure.

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 Japan ($X per ton), while China ($X per ton) was amongst the lowest.

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

Imports of Rubber-to-Metal and Moulded Articles

Imports in Asia

In 2023, after three years of growth, there was decline in purchases abroad of rubber-to-metal and moulded articles, when their volume decreased by X% to X tons. The total import volume increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2022, and then declined modestly in the following year.

In value terms, rubber-to-metal and moulded article imports shrank modestly 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 recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2022 to 2023, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2023, Japan (X tons) and China (X tons) were the major importers of rubber-to-metal and moulded articles in Asia, together resulting at near X% of total imports. Thailand (X tons) ranks next in terms of the total imports with a X% share, followed by Malaysia (X%), Turkey (X%), India (X%), South Korea (X%) and the Philippines (X%). The following importers - Indonesia (X tons), Vietnam (X tons), the United Arab Emirates (X tons), Saudi Arabia (X tons) and Taiwan (Chinese) (X tons) - together made up X% of total imports.

From 2012 to 2023, the biggest increases were recorded for the Philippines (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Thailand ($X) and Japan ($X) were the countries with the highest levels of imports in 2023, together comprising X% of total imports. India, Turkey, Vietnam, South Korea, Indonesia, Malaysia, the United Arab Emirates, the Philippines, Taiwan (Chinese) and Saudi Arabia lagged somewhat behind, together accounting for a further X%.

Among the main importing countries, the Philippines, with a CAGR of X%, saw the highest rates of growth with regard to 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

In 2023, the import price in Asia amounted to $X per ton, which is down by X% against the previous year. Overall, the import price continues to indicate a mild decrease. The most prominent rate of growth was recorded in 2018 an increase of X%. Over the period under review, import prices hit record highs at $X per ton in 2014; however, from 2015 to 2023, 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 Thailand ($X per ton), while Malaysia ($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