Report Update: May 1, 2024

Thailand - Vulcanised Rubber Thread And Cord - Market Analysis, Forecast, Size, Trends And Insights

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Vulcanised Rubber Thread Price in Thailand - 2023

Vulcanised Rubber Thread Price in Thailand (FOB) - 2023

In September 2023, the average vulcanised rubber thread export price amounted to $2,326 per ton, almost unchanged from the previous month. In general, the export price, however, continues to indicate a mild contraction. The pace of growth appeared the most rapid in November 2022 when the average export price increased by 5.5% m-o-m. Over the period under review, the average export prices reached the maximum at $2,703 per ton in January 2023; however, from February 2023 to September 2023, the export prices remained at a lower figure.

Average prices varied somewhat for the major overseas markets. In September 2023, the highest price was recorded for prices to Iran ($3,041 per ton) and Italy ($2,533 per ton), while the average price for exports to Bangladesh ($2,238 per ton) and Indonesia ($2,279 per ton) were amongst the lowest.

From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Iran (-0.0%), while the prices for the other major destinations experienced a decline.

Vulcanised Rubber Thread Price in Thailand (CIF) - 2022

The average vulcanised rubber thread import price stood at $12,675 per ton in 2022, with an increase of 36% against the previous year. Overall, the import price continues to indicate a modest expansion. The pace of growth was the most pronounced in 2016 an increase of 270%. The import price peaked at $25,598 per ton in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Malaysia ($61,000 per ton), while the price for China ($6,117 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+29.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Vulcanised Rubber Thread Exports in Thailand

In 2022, after three years of growth, there was significant decline in overseas shipments of vulcanised rubber thread and cord, when their volume decreased by -11% to 125K tons. The total export volume increased at an average annual rate of +1.6% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The pace of growth was the most pronounced in 2021 when exports increased by 16%. As a result, the exports reached the peak of 141K tons, and then declined in the following year.

In value terms, vulcanised rubber thread exports reduced to $380M in 2022. In general, total exports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +8.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +29.3% against 2019 indices. The pace of growth was the most pronounced in 2021 when exports increased by 47%. As a result, the exports reached the peak of $439M, and then contracted in the following year.

Export of Vulcanised Rubber Thread in Thailand (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	185	172	276	233	8.0%
Vietnam	12.2	13.3	18.6	16.8	11.3%
Bangladesh	5.8	7.0	13.1	13.3	31.9%
Indonesia	9.5	9.4	15.3	12.0	8.1%
Iran	6.5	9.5	5.9	10.9	18.8%
Italy	7.1	7.0	6.9	8.5	6.2%
Brazil	6.4	8.1	9.7	7.9	7.3%
Turkey	5.1	4.8	5.9	7.0	11.1%
South Korea	5.8	5.1	8.1	5.4	-2.4%
Others	50.7	63.0	79.8	65.2	8.7%
Total	294	299	439	380	8.9%

Top Export Markets for Vulcanised Rubber Thread from Thailand in 2022:

China (79.0K tons)
Vietnam (5.5K tons)
Bangladesh (4.2K tons)
Indonesia (4.1K tons)
Iran (3.2K tons)
Italy (2.7K tons)
Brazil (2.6K tons)
Turkey (2.0K tons)
South Korea (1.7K tons)

Vulcanised Rubber Thread Imports in Thailand

In 2022, vulcanised rubber thread imports into Thailand skyrocketed to 17 tons, growing by 17% on the year before. Overall, imports saw a prominent increase. The pace of growth appeared the most rapid in 2020 when imports increased by 283%. As a result, imports reached the peak of 46 tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, vulcanised rubber thread imports soared to $215K in 2022. In general, imports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 160% against the previous year. As a result, imports reached the peak of $304K. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

Import of Vulcanised Rubber Thread in Thailand (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Singapore	61.7	93.9	63.7	149	34.2%
China	35.6	17.5	66.5	61.0	19.7%
United Kingdom	1.8	0.1	0.7	N/A	-37.6%
Others	17.9	192	3.8	5.0	-34.6%
Total	117	304	135	215	22.5%

Top Suppliers of Vulcanised Rubber Thread to Thailand in 2022:

China (10.0 tons)
Singapore (6.8 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the vulcanised rubber thread market in Thailand. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 22192050 - Vulcanised rubber thread and cord

Country coverage:

Thailand

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Thailand
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023