Report Update: Apr 1, 2024

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

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Vulcanised Rubber Thread Price in Vietnam - 2021

Vulcanised Rubber Thread Price in Vietnam (CIF) - 2022

The average vulcanised rubber thread import price stood at $3,267 per ton in 2022, shrinking by -12.7% against the previous year. In general, the import price continues to indicate a noticeable descent. The most prominent rate of growth was recorded in 2021 an increase of 32% against the previous year. Over the period under review, average import prices reached the peak figure at $4,146 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Thailand ($3,565 per ton) and Malaysia ($3,311 per ton), while the price for China ($2,680 per ton) and Hong Kong SAR ($2,758 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (-1.5%), while the prices for the other major suppliers experienced a decline.

Vulcanised Rubber Thread Price in Vietnam (FOB) - 2022

The average vulcanised rubber thread export price stood at $2,487 per ton in 2022, reducing by -7.6% against the previous year. Overall, the export price continues to indicate a perceptible curtailment. The pace of growth appeared the most rapid in 2021 when the average export price increased by 20% against the previous year. The export price peaked at $4,074 per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Indonesia ($3,458 per ton) and the United States ($2,704 per ton), while the average price for exports to China ($2,445 per ton) and Turkey ($2,445 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (-0.9%), while the prices for the other major destinations experienced a decline.

Vulcanised Rubber Thread Imports in Vietnam

In 2022, after two years of decline, there was significant growth in overseas purchases of vulcanised rubber thread and cord, when their volume increased by 5.3% to 6.2K tons. In general, imports, however, saw a abrupt decrease.

In value terms, vulcanised rubber thread imports shrank to $20M in 2022. Overall, imports, however, recorded a abrupt descent. The most prominent rate of growth was recorded in 2021 when imports increased by 19%.

Import of Vulcanised Rubber Thread in Vietnam (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Thailand	9.3	10.3	15.6	11.9	8.6%
China	11.7	3.6	1.2	4.1	-29.5%
Malaysia	3.4	2.9	3.7	2.8	-6.3%
South Korea	1.0	1.3	1.2	1.0	0.0%
Others	0.9	0.6	0.5	0.5	-17.8%
Total	26.3	18.6	22.2	20.4	-8.1%

Top Suppliers of Vulcanised Rubber Thread to Vietnam in 2022:

Thailand (3.3K tons)
China (1.5K tons)
Malaysia (0.9K tons)
South Korea (0.3K tons)

Vulcanised Rubber Thread Exports in Vietnam

After three years of growth, shipments abroad of vulcanised rubber thread and cord decreased by -9.2% to 3.9K tons in 2022. Over the period under review, total exports indicated buoyant growth from 2019 to 2022: its volume increased at an average annual rate of +12.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +41.6% against 2019 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 27%.

In value terms, vulcanised rubber thread exports contracted significantly to $9.7M in 2022. Overall, total exports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +15.1% 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 +52.4% against 2019 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 48%. As a result, the exports attained the peak of $12M, and then dropped markedly in the following year.

Export of Vulcanised Rubber Thread in Vietnam (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	0.8	1.5	4.7	4.3	75.2%
Turkey	3.6	4.4	4.2	3.8	1.8%
Japan	0.3	0.4	0.4	0.4	10.1%
Indonesia	N/A	0.4	0.3	0.3	-13.4%
United States	0.1	0.4	0.2	0.2	26.0%
Greece	0.6	N/A	N/A	N/A	0%
Others	0.8	0.8	1.7	0.6	-9.1%
Total	6.3	7.8	11.5	9.7	15.5%

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

China (1756.4 tons)
Turkey (1565.9 tons)
Japan (155.5 tons)
Indonesia (92.2 tons)
United States (70.5 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the vulcanised rubber thread market in Vietnam. 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:

Vietnam

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Vietnam
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