Natural latex in primary forms market in South-eastern Asia

Earlier Report Observations

At the start of the period, Thai producers like Siam Latex Industry invested in high-quality manufacturing processes and sustainable operations, while retailers such as Mattress City expanded the availability of premium bedding products in the regional market. This activity coincided with the market volume reaching 11 317 thousand tonnes in 2019.

Following that peak, the market volume experienced a gradual contraction, declining to 9 489 thousand tonnes by 2023. By 2024, the sector faced significant headwinds from adverse weather, including storms in Thailand and leaf-fall disease in Vietnam, coupled with the implementation of the EU's new sustainability due diligence rules (EUDR), which pressured production and contributed to rising natural latex prices.

Production natural latex in primary forms in South-eastern Asia

In kind, 2017-2020, K t

Top producers of natural latex in primary forms, 2017-2020

World map of production of natural latex in primary forms, 2017-2020

After two consecutive years of growth, production of natural latex in primary forms in South-eastern Asia declined. In 2020, the region produced 10 895 K t, marking a modest decrease of 3.4% from the previous year. Production had peaked in 2019 at 11 278 K t, following the largest annual increase of 2.8% in 2018.

Annual dynamics of production in South-eastern Asia in kind, 2017-2020, K t

Exports natural latex in primary forms from South-eastern Asia

Exports in kind, K t

Export volumes showed significant volatility during the observed period. The lowest point was recorded in 2019 at 277 K t, while the highest was in 2017, creating a 3.9-fold difference between these years. In 2020, South-eastern Asia exported 840 K t of natural latex in primary forms, representing a substantial increase of 202.6% compared to 2019. The largest decline occurred in 2019, with a drop of 73.8%.

Annual dynamics of product's exports from South-eastern Asia in kind, 2017-2020, K t

From 2017 to 2020, South-eastern Asia's export partner portfolio for natural latex in primary forms was quite diverse. China accounted for 40.6% of exports in kind, the United States for 2.1%, and South Korea for 1.8%. Together, these three countries represented only 44.6% of total export flows, indicating a broad distribution across many other markets.

Structure of product's exports in kind by countries, 2017-2020

World map of product's exports from South-eastern Asia in kind, 2017-2020

Exports in value, M $ US

Export values experienced noticeable fluctuations during this period. The lowest point was recorded in 2019 at 282 M $ US, while the peak occurred in 2017, resulting in a 6.3-fold variation between these years. In 2020, export volumes from South-eastern Asia totaled 1 606 M $ US, which represents a dramatic increase of 470.5% from 2019. The largest decline was recorded in 2019 at 82.1%.

Annual dynamics of product's exports from South-eastern Asia in value, 2017-2020, M $ US

Between 2017 and 2020, the partner landscape for exports in value terms was similarly broad. China accounted for 40.2% of export value, the United States for 2.4%, and South Korea for 1.9%. Collectively, these three markets represented just 44.4% of total flows, with the remaining 55.6% distributed among numerous other countries.

Structure of product's exports in value by countries, 2017-2020

World map of product's exports from South-eastern Asia in value, 2017-2020

Imports natural latex in primary forms to South-eastern Asia

Imports in kind, K t

Import volumes demonstrated considerable volatility over the observed period. The minimum was recorded in 2018 at just 15 K t, while imports peaked in 2020, creating a 24-fold difference between these years. In 2020, South-eastern Asia imported 354 K t of natural latex in primary forms, an increase of 11.8% from the previous year. The largest decline occurred in 2018 at 15.3%, while the most significant increase was recorded in 2019 at 2,081.8%.

Annual dynamics of product's imports to South-eastern Asia in kind, 2017-2020, K t

Structure of product's imports in kind by countries, 2017-2020

World map of product's imports to South-eastern Asia in kind, 2017-2020

Imports in value, M $ US

Following two years of decline, imports of natural latex in primary forms to South-eastern Asia increased in 2020. The region imported 708 M $ US worth of natural latex that year, representing a substantial increase of 19.1% compared to 2019. The minimum value was recorded in 2019 at 594 M $ US, with the largest decline occurring in 2018 at 17.0%. Over the entire 2017-2020 period, imports decreased by 9.5%, equivalent to an annualized decline rate of 3.3%.

Annual dynamics of product's imports to South-eastern Asia in value, 2017-2020, M $ US

Structure of product's imports in value by countries, 2017-2020

World map of product's imports to South-eastern Asia in value, 2017-2020