Vulcanised Rubber Mats Market in Thailand
Market Overview
The Thai vulcanised rubber mats market was estimated at $
in , picking up 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). In general, consumption recorded a mild slump. As a result, consumption reached the peak level of $. From to , the growth of the market remained at a somewhat lower figure.
In value terms, vulcanised rubber mats production soared to $ in estimated in export price. Over the period under review, production, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when the production volume increased by %. As a result, production reached the peak level of $. From to , production growth failed to regain momentum.
in , picking up 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). In general, consumption recorded a mild slump. As a result, consumption reached the peak level of $. From to , the growth of the market remained at a somewhat lower figure.In value terms, vulcanised rubber mats production soared to $
in estimated in export price. Over the period under review, production, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when the production volume increased by %. As a result, production reached the peak level of $. From to , production growth failed to regain momentum.Consumption
In , consumption of floor coverings and mats of vulcanised rubber decreased by -% to tons, falling for the third year in a row after two years of growth. Over the period under review, consumption continues to indicate a slight contraction. Over the period under review, consumption hit record highs at tons in 2011; however, from 2012 to , consumption remained at a lower figure.
The revenue of the vulcanised rubber mats market in Thailand contracted modestly to $ in , almost unchanged from 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). Overall, consumption recorded a mild curtailment. As a result, consumption attained the peak level of $. From to , the growth of the market failed to regain momentum.
, consumption of floor coverings and mats of vulcanised rubber decreased by -% to tons, falling for the third year in a row after two years of growth. Over the period under review, consumption continues to indicate a slight contraction. Over the period under review, consumption hit record highs at tons in 2011; however, from 2012 to , consumption remained at a lower figure.The revenue of the vulcanised rubber mats market in Thailand contracted modestly to $
in , almost unchanged from 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). Overall, consumption recorded a mild curtailment. As a result, consumption attained the peak level of $. From to , the growth of the market failed to regain momentum.Market Forecast
Depressed by shrinking demand for vulcanised rubber mats in Thailand, the market is expected to continue its downward consumption trend over the next eight-year period. 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, the share of imports in terms of total vulcanised rubber mats consumption in Thailand was relatively small in physical terms, fluctuating under an % figure. In value terms the share of imports also stood at a low figure, which means that the Thailand vulcanised rubber mats market is largely supplied by domestic manufacturers. In , the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports remained relatively constant over the period under review.
% figure. In value terms the share of imports also stood at a low figure, which means that the Thailand vulcanised rubber mats market is largely supplied by domestic manufacturers. In , the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports remained relatively constant over the period under review.Trade Balance
Thailand remains a net exporter of vulcanised rubber mats; 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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