Malaysia: Vulcanised Rubber Erases Market 2024

Vulcanised Rubber Erases Market Size in Malaysia

The Malaysian vulcanised rubber erases market declined sharply to $X in 2023, which is down by X% against the previous year. In general, consumption, however, saw a relatively flat trend pattern. As a result, consumption attained the peak level of $X, and then contracted dramatically in the following year.

Vulcanised Rubber Erases Production in Malaysia

In value terms, vulcanised rubber erases production declined slightly to $X in 2023 estimated in export price. Overall, production, however, saw a slight decline. The growth pace was the most rapid in 2015 with an increase of X%. Vulcanised rubber erases production peaked at $X in 2012; however, from 2013 to 2023, production failed to regain momentum.

Vulcanised Rubber Erases Exports

Exports from Malaysia

In 2023, shipments abroad of erasers of vulcanised rubber decreased by X% to X tons for the first time since 2020, thus ending a two-year rising trend. Overall, total exports indicated a perceptible increase from 2012 to 2023: its volume 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, exports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. The exports peaked at X tons in 2014; however, from 2015 to 2023, the exports stood at a somewhat lower figure.

In value terms, vulcanised rubber erases exports contracted modestly to $X in 2023. Over the period under review, exports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2022 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2023, the exports remained at a lower figure.

Exports by Country

Germany (X tons), China (X tons) and Turkey (X tons) were the main destinations of vulcanised rubber erases exports from Malaysia, together comprising X% of total exports.

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

In value terms, the largest markets for vulcanised rubber erases exported from Malaysia were China ($X), Turkey ($X) and Germany ($X), together accounting for X% of total exports. Russia, Australia, the United States, Canada, Singapore, the United Arab Emirates, the Philippines, India, Peru and Japan lagged somewhat behind, together accounting for a further X%.

Among the main countries of destination, Russia, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average vulcanised rubber erases export price stood at $X per ton in 2023, surging by X% against the previous year. In general, the export price, however, recorded a pronounced downturn. The most prominent rate of growth was recorded in 2015 an increase of X%. Over the period under review, the average export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2023, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($X per ton), while the average price for exports to the Philippines ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Peru (X%), while the prices for the other major destinations experienced more modest paces of growth.

Vulcanised Rubber Erases Imports

Imports into Malaysia

Vulcanised rubber erases imports into Malaysia shrank rapidly to X tons in 2023, with a decrease of X% on 2022 figures. Overall, imports, however, saw a strong increase. The pace of growth was the most pronounced in 2022 with an increase of X% against the previous year. As a result, imports attained the peak of X tons, and then reduced markedly in the following year.

In value terms, vulcanised rubber erases imports shrank notably to $X in 2023. Over the period under review, imports, however, showed a buoyant expansion. The most prominent rate of growth was recorded in 2022 when imports increased by X% against the previous year. As a result, imports reached the peak of $X, and then contracted rapidly in the following year.

Imports by Country

In 2023, China (X tons) constituted the largest supplier of vulcanised rubber erases to Malaysia, accounting for a X% share of total imports. Moreover, vulcanised rubber erases imports from China exceeded the figures recorded by the second-largest supplier, Singapore (X tons), threefold. The third position in this ranking was taken by Taiwan (Chinese) (X tons), with an X% share.

From 2012 to 2023, the average annual growth rate of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (X% per year) and Taiwan (Chinese) (X% per year).

In value terms, the largest vulcanised rubber erases suppliers to Malaysia were China ($X), Singapore ($X) and Taiwan (Chinese) ($X), with a combined X% share of total imports.

In terms of the main suppliers, Singapore, with a CAGR of X%, recorded 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 average vulcanised rubber erases import price stood at $X per ton in 2023, which is down by X% against the previous year. Over the period under review, the import price recorded a slight decrease. The most prominent rate of growth was recorded in 2020 an increase of X%. The import price peaked at $X per ton in 2018; however, from 2019 to 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Japan ($X per ton), while the price for Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Indonesia (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform