Updated Nov 9, 2022 09:45

Vulcanised Rubber Erases Market in China

Market Overview
The Chinese vulcanised rubber erases market expanded rapidly to $ in , growing 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 continues to indicate a strong expansion. Over the period under review, the market reached the maximum level at $ in 2016; however, from 2017 to , consumption remained at a lower figure.

In value terms, vulcanised rubber erases production declined modestly to $ in estimated in export price. Over the period under review, the total production indicated a pronounced expansion from 2007 to : its value increased at an average annual rate of +% over the last fourteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, production increased by +% against 2017 indices. The pace of growth was the most pronounced in 2016 with an increase of % against the previous year. As a result, production reached the peak level of $. From 2017 to , production growth remained at a lower figure.


Consumption
In , consumption of erasers of vulcanised rubber decreased by -% to tons for the first time since 2019, thus ending a two-year rising trend. In general, consumption, however, enjoyed noticeable growth. Vulcanised rubber erases consumption peaked at tons in , and then fell modestly in the following year.

The revenue of the vulcanised rubber erases market in China reached $ 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). Over the period under review, consumption, however, showed resilient growth. Over the period under review, the market attained the maximum level at $ in 2016; however, from 2017 to , consumption failed to regain momentum.


Market Forecast
The vulcanised rubber erases market is expected to start a downward consumption trend over the next eight-year period. The performance of the market is forecast to decrease slightly, with an anticipated CAGR of -% for the eight-year 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 erases consumption in China 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 China vulcanised rubber erases 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
China remains a net exporter of vulcanised rubber erases; 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.