Vulcanised Rubber Thread Market in Thailand
Market Overview
In 
, the Thai vulcanised rubber thread market decreased by -% to $, falling for the fourth year in a row after two years of growth. In general, consumption continues to indicate a perceptible setback. Over the period under review, the market reached the maximum level at $ in 2011; however, from 2012 to , consumption remained at a lower figure.
In value terms, vulcanised rubber thread production reached $ in estimated in export price. In general, the total production indicated a measured expansion from 2007 to : its value increased at an average annual rate of +% over the last fifteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, production decreased by -% against indices. The most prominent rate of growth was recorded in 2010 when the production volume increased by %. Vulcanised rubber thread production peaked at $ in 2011; however, from 2012 to , production stood at a somewhat lower figure.
, the Thai vulcanised rubber thread market decreased by -% to $, falling for the fourth year in a row after two years of growth. In general, consumption continues to indicate a perceptible setback. Over the period under review, the market reached the maximum level at $ in 2011; however, from 2012 to , consumption remained at a lower figure.In value terms, vulcanised rubber thread production reached $
in estimated in export price. In general, the total production indicated a measured expansion from 2007 to : its value increased at an average annual rate of +% over the last fifteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, production decreased by -% against indices. The most prominent rate of growth was recorded in 2010 when the production volume increased by %. Vulcanised rubber thread production peaked at $ in 2011; however, from 2012 to , production stood at a somewhat lower figure.Consumption
In , approx. tons of vulcanised rubber thread and cord were consumed in Thailand; approximately equating the previous year's figure. Overall, consumption continues to indicate a mild contraction. Over the period under review, consumption reached the maximum volume at tons in 2008; however, from 2009 to , consumption failed to regain momentum.
The value of the vulcanised rubber thread market in Thailand declined markedly to $ in , dropping by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption recorded a noticeable shrinkage. Over the period under review, the market hit record highs at $ in 2011; however, from 2012 to , consumption stood at a somewhat lower figure.
, approx. tons of vulcanised rubber thread and cord were consumed in Thailand; approximately equating the previous year's figure. Overall, consumption continues to indicate a mild contraction. Over the period under review, consumption reached the maximum volume at tons in 2008; however, from 2009 to , consumption failed to regain momentum.The value of the vulcanised rubber thread market in Thailand declined markedly to $
in , dropping by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption recorded a noticeable shrinkage. Over the period under review, the market hit record highs at $ in 2011; however, from 2012 to , consumption stood at a somewhat lower figure.Market Forecast
Depressed by shrinking demand for vulcanised rubber thread in Thailand, the market is expected to continue its downward consumption trend over the next eight years. The performance of the market is forecast to contract with an anticipated CAGR of -% for the period from to , which is projected to depress the market volume to tons by the end of .
In value terms, the market is forecast to contract with an anticipated CAGR of +% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .
% for the period from to , which is projected to depress the market volume to tons by the end of .In value terms, the market is forecast to contract with an anticipated CAGR of +
% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .Market Structure
Over the period under review, imports of vulcanised rubber thread in Thailand were negligibly small compared to the production volumes. Therefore, the share of imports in the total market was practically nonexistent, both in volume and in value terms. This situation has remained constant over the period under review, which means that domestic producers entirely meet the domestic demand for vulcanised rubber thread.
Trade Balance
Thailand remains a net exporter of vulcanised rubber thread; in physical and value terms, exports consistently exceeded imports from 2007 to . In , there was a significant trade surplus of tons, which was equal to $. This tangible trade surplus reflects the fact that the market remains buoyed by domestic production, and the industry is highly incorporated into the global market, which is likely to continue in the medium term.
. In , there was a significant trade surplus of tons, which was equal to $. This tangible trade surplus reflects the fact that the market remains buoyed by domestic production, and the industry is highly incorporated into the global market, which is likely to continue in the medium term.
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