Market Outlook for Malaysian Rubber Products in 2014 25 th February 2014
World Economic Scenario
World Economic Outlook For 2014 World growth increase from 3% in 2013 to 3.7% in 2014 Advanced economies increase form 1.3% in 2013 to 2.2% in 2014 Emerging economies & developing countries increase from 4.7% in 2013 to 5.1% in 2014 Source: IMF
Economic Growth By Countries/Regions, 2014 USA 2.8% EU 1% JAPAN CHINA 1.7% 7.5% INDIA ASEAN 5.1% 5.4% LATIN AMERICA/CARIBBEAN MIDDLE EAST/NORTH AFRICA S. AFRICA 3% 2.8% 3.3% SUB-SAHARAN COUNTRIES Source: IMF 6.1% 0 1 2 3 4 5 6 7 8 %
World Trade in Rubber Products
World Exporters Of Rubber Products, 2012 Malaysia 15 China, 28.8% ROW, 32.5% Spain, 2.3% Total exports US$262.3 billion Germany, 7.3% Thailand, 2.8% France, 3.3% Belgium, 3.5% Netherlands, 3.7% Italy, 4.2%% Japan, 4.8% USA, 6.7%
% World Exports Of Rubber Products By Types, 2012 40 35 30 34.7 31.8 25 20 15 10 8.2 7.9 5 4.3 3.4 2.5 2.2 1.6 0.9 2.4 0 Footwear New tyres Articles of rubber Catheters Mattress & support Hoses Gloves Beltings Profiles & sheets Retreaded tyres Others
World Imports Of Rubber Products By Destinations, 2012 ROW, 37.1% USA, 20.4% Total Imports US$245 billion Germany, 9.5% France, 5.3% Russia, 3.2% Belgium, 3.3% Canada, 3.6% Netherlands, 3.8% Italy, 4% UK, 4.8% Japan, 5%
World Imports Of Rubber Products By Types, 2012 Gloves, 2.6% Beltings, 2.2% Profiles & sheets, 1.4% Balls, 0.9% Mattress & supports, 3.8% Hoses, 3.7% Footwear, 37.1% Catheters, 7.6% Total Imports US$245 billion Articles of Rubber, 9.3% New Tyres, 29.3%
Malaysia s Exports and Imports of Rubber Products
Exports of Rubber and Rubber Products, 2009 2013 (RM billion) Export 2009 2010 2011 2012 2013 Rubber 7.35 13.46 18.24 14.25 12.29 Rubber Products 10.59 12.86 14.19 14.53 14.68 Total 17.94 26.32 32.43 28.78 26.97 Total Exports of Malaysia 553.3 639.4 694.55 702.19 719.81 % Share 3.24 4.12 4.67 4.10 3.75
RM billion Malaysia s Rubber Product Exports (2004 2013) 16.00 14.00 CAGR: 6.95% 12.86 14.19 14.53 14.68 12.00 10.00 8.00 8.02 8.16 9.35 10.47 11.24 10.59 6.00 4.00 2.00-2004 2005 2006 2007 2008 2009 2010 2011 2012 2013
Malaysia s Top Ten Exported Products in 2013 Rank Market Export Value (RM billion) % Share 1 Gloves 10.53 71.76 2 New Pneumatic Tyres 0.68 4.65 3 Latex Thread 0.58 3.92 4 Tubes, Pipes And Hoses 0.44 2.97 5 Condoms 0.35 2.41 6 Footwear 0.35 2.36 7 Catheters 0.32 2.16 8 Other Articles Of Unhardened Vulcanised Rubber 0.23 1.59 9 Other Articles Of Apparel And Clothing Accessories 0.16 1.08 10 Plates, sheets and strip of noncellular rubber 0.15 1.03 13.79 93.93
RM billion Malaysia s Exports of Gloves (2004 2013) 12.00 10.00 CAGR: 11.17% 8.92 9.89 10.56 10.53 8.00 7.03 7.15 6.00 4.00 4.06 4.50 5.38 5.88 2.00-2004 2005 2006 2007 2008 2009 2010 2011 2012 2013
Export Destination For Our Rubber Products(2013) ROW 51.19% (RM7.52 billion) Brazil 4.11% (RM0.60 billion) USA 27.36% (RM4.01 billion) Malaysia s Exports RM14.68 billion Japan 5.78% (RM0.85 billion) Germany 7.22% (RM1.06 billion) China 4.34% (RM0.64 billion)
Malaysia s Imports of Rubber Products
Malaysia s Imports of Rubber Products by Destinations, 2013 VIETNAM 4% GERMANY 4% HONG KONG KOREA 2% 2% ROW 11% THAILAND 25% USA 5% SINGAPORE 8% JAPAN 9% CHINA 21% INDONESIA 9% Total Value in 2013 = RM4.64 billion
Top Ten Imported Products in 2013 Rank Market Export Value (RM billion) % Share 1 New Pneumatic Tyres 1.54 33.32 2 Footwear 0.61 13.19 3 Catheters 0.31 6.64 4 Other Articles Of Unhardened Vulcanised Rubber 0.27 5.91 5 Gloves 0.26 5.70 6 Seals And Gaskets 0.26 5.66 7 Insulated Wire, Cable And Other Electric Conductors 0.20 4.27 8 Tubes, Pipes And Hoses 0.17 3.66 9 Conveyor Belts Or Belting 0.14 3.06 10 Part And Accesories of Automotive 0.11 2.36 3.87 83.77
Demand For Rubber Products By The Healthcare Sector
World Healthcare Expenditure, 2012 Health care at about 8.7% of global GDP in 2012, expected to reach 20% of global GDP by 2020 USA US$2.8 trillion Total healthcare expenditure US$6 trillion Non-US OECD US$2.6 trillion ROW US$0.6 trillion
Millions Population Aged 60 or over (world) 2,000 1,800 1,600 1,400 1,200 1,000 800 600 400 200 0 1950 1975 2000 2025 2050 In 2000, 10% of the global population was aged 60+. By 2015, this will be more than 21%. People aged 60+ utilize 3-5 times more healthcare services than younger people. Research shows that almost all people aged 60+ have one chronic condition, while 50% have two or more chronic conditions. Chronic diseases account for more than 60% of all health spending.
Market Overview for RMD CAGR: 8.2% 2009 World Imports US$20.4 billion 2012 World Imports US$25.9 billion
Market Outlook for Catheters Aging population in both developed and emerging markets key growth driver for the market. Global Market for Catheters USD 20.4 billion in 2011 USD 33.3 billion in 2017 CAGR of 8.5% from 2011 to 2017 Urological- Dialysis Urinary Foley Intermittent External
Malaysia s Position, Catheters 2010 2011 2012 2013 US$40 million US$51 million US$71 million US$96 million 2015 US$139 million
USD Billion Gloves, Outlook Global Import Value 6.4 6.2 6.2 6.3 Per capita consumption of gloves: 6 USA 83 pair 5.8 5.6 5.4 5.2 5.3 Russia 7.7 pair China 1.5 pair India 0.6 pair Potential in emerging markets 5 4.8 2010 2011 2012
Malaysia s Position, Rubber Gloves 2010 2011 2012 2013 US$2.7 billion US$3.2 billion US$3.4 billion US$3.3 billion 2015 US$4.7 billion
WHO Studies WHO DG WHO Market Outlook for Condoms The male latex condom is the single, most efficient, available technology to reduce the sexual transmission of HIV and other sexually transmitted infections. Marketing campaigns can double the likelihood of condom use Access to modern contraception is a fundamental right of every woman An estimated 222 million women and girls in developing countries who do not want to get pregnant lack access to contraceptives
HIV/AIDS Epidemic Prevalence of HIV among adults aged 15 to 49 Number of People (all ages) Africa 4.6% 23 million Americas 0.5% 3 million South East Asia 0.3% 3.5 million Europe 0.4% 2.3 million Eastern Mediterranean 0.2% 0.56 million Western Pacific 0.1% 1.3 million Global 0.8% 34 million Source: WHO
Malaysia Position, Condom 2010 2011 2012 2013 US$88 million US$91 million US$111 million US$112 million 2015 US$149 million
USD Billion Rubber Automotive Components 39 38 37 36 35 34 33 32 31 30 29 28 Global Import Value 37.8 37.4 31.9 2010 2011 2012 Key components: Hoses, beltings, seals and o-rings and engine mountings. Major companies include Dana, Delphi, Lear, Meritor, Visteon, Johson Controls, Robert Bosch Continental, DENSO and Aisin Seiki Faurecia and Magna International.
Market Outlook for Rubber Automotive Components 2012 Production Toyota Group Volkswagon Group Renault-Nissan General Motors Hyundai Ford Fiat-Chrysler Honda PSA Suzuki-Maruti 0 5 10 2019 Production Toyota Group Volkswagon Group Renault-Nissan General Motors Hyundai Ford Fiat-Chrysler Honda Suzuki-Maruti PSA 0 5 10 15 Million unit)
Malaysia Position, Rubber Automotive Components 2010 2011 2012 2013 US$327 million US$387 million US$389 million *US$276 million 2015 US$470 million *January-September 2013
USD Billion Industrial Rubber Goods 16 14 12 10 8 6 4 2 0 Global Import Value 14.8 14.6 12.3 2010 2011 2012 Key parts: Hoses, belts, bridge bearings, seismic bearings and cables. Major companies include Caterpillar Komatsu Ltd, Hitachi Construction, Hyundai Heavy Machinery, Ingersoll, China First Heavy Industrial.
Malaysia Position, Industrial Rubber Goods 2010 2011 2012 2013 US$123 million US$164 million US$178 million US$163 million 2015 US$274 million *Jan Sep 2013
Market Outlook for Mining & Construction Mining Equipment Increase 8.5% annually through 2015 to $92 billion Construction machinery expand 6.5% annually through 2015 to reach US$150 billion 50% additional demand Asia/Pacific region