Brazil - Synthetic Rubber (Excluding Latex) - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Synthetic Rubber (Excluding Latex) in Brazil - 2023
Contents:
- Price for Synthetic Rubber (Excluding Latex) in Brazil (CIF) - 2023
- Price for Synthetic Rubber (Excluding Latex) in Brazil (FOB) - 2022
- Imports of Synthetic Rubber (Excluding Latex) in Brazil
- Exports of Synthetic Rubber (Excluding Latex) in Brazil
Price for Synthetic Rubber (Excluding Latex) in Brazil (CIF) - 2023
The average synthetic rubber (excluding latex) import price stood at $2,380 per ton in October 2023, increasing by 3.5% against the previous month. Over the period under review, the import price, however, recorded a mild curtailment. The import price peaked at $2,935 per ton in November 2022; however, from December 2022 to October 2023, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In October 2023, the country with the highest price was Japan ($4,115 per ton), while the price for Saudi Arabia ($1,432 per ton) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Russia (-0.7%), while the prices for the other major suppliers experienced a decline.
Price for Synthetic Rubber (Excluding Latex) in Brazil (FOB) - 2022
In 2022, the average synthetic rubber (excluding latex) export price amounted to $2,970 per ton, increasing by 17% against the previous year. Over the period under review, the export price, however, saw a mild slump. The growth pace was the most rapid in 2021 when the average export price increased by 29%. Over the period under review, the average export prices attained the peak figure at $3,588 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Sri Lanka ($4,406 per ton), while the average price for exports to Singapore ($1,109 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+0.2%), while the prices for the other major destinations experienced a decline.
Imports of Synthetic Rubber (Excluding Latex) in Brazil
In 2022, after three years of growth, there was significant decline in purchases abroad of synthetic rubber (excluding latex), when their volume decreased by -6.6% to 308K tons. The total import volume increased at an average annual rate of +8.6% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 18% against the previous year. As a result, imports reached the peak of 330K tons, and then dropped in the following year.
In value terms, synthetic rubber (excluding latex) imports surged to $853M in 2022. Overall, total imports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +18.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +76.3% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 51% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the near future.
| Import of Synthetic Rubber (Excluding Latex) in Brazil (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 150 | 123 | 211 | 291 | 24.7% |
| Poland | 33.3 | 36.1 | 55.0 | 84.3 | 36.3% |
| Argentina | 19.4 | 32.4 | 61.5 | 70.2 | 53.5% |
| Russia | 77.6 | 55.6 | 89.6 | 64.2 | -6.1% |
| Mexico | 15.2 | 38.9 | 51.1 | 59.3 | 57.4% |
| Japan | 24.7 | 21.7 | 28.2 | 35.8 | 13.2% |
| Taiwan (Chinese) | 18.0 | 16.8 | 27.1 | 32.4 | 21.6% |
| Germany | 40.8 | 30.2 | 37.9 | 32.0 | -7.8% |
| Singapore | 9.7 | 7.7 | 15.6 | 26.2 | 39.3% |
| Czech Republic | 19.3 | 24.7 | 27.7 | 25.7 | 10.0% |
| China | 4.8 | 6.0 | 10.2 | 24.2 | 71.5% |
| France | 12.8 | 13.6 | 27.1 | 22.9 | 21.4% |
| South Korea | 9.7 | 9.5 | 10.9 | 18.6 | 24.2% |
| Others | 76.4 | 67.9 | 75.3 | 66.1 | -4.7% |
| Total | 512 | 484 | 729 | 853 | 18.5% |
Top Suppliers of Synthetic Rubber (Excluding Latex) to Brazil in 2022:
- United States (95.4K tons)
- Poland (36.5K tons)
- Argentina (30.8K tons)
- Russia (27.8K tons)
- Mexico (19.9K tons)
- Taiwan (Chinese) (12.4K tons)
- Czech Republic (11.7K tons)
- Singapore (9.5K tons)
- France (9.5K tons)
- Germany (9.5K tons)
- China (8.0K tons)
- Japan (7.9K tons)
- South Korea (6.5K tons)
Exports of Synthetic Rubber (Excluding Latex) in Brazil
Synthetic rubber (excluding latex) exports from Brazil reduced to 55K tons in 2022, with a decrease of -3.4% compared with the year before. The total export volume increased at an average annual rate of +4.7% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 33%. As a result, the exports attained the peak of 57K tons, and then dropped modestly in the following year.
In value terms, synthetic rubber (excluding latex) exports rose remarkably to $162M in 2022. In general, exports, however, continue to indicate a resilient increase. The pace of growth was the most pronounced in 2021 with an increase of 71%. The exports peaked in 2022 and are expected to retain growth in years to come.
| Export of Synthetic Rubber (Excluding Latex) in Brazil (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 12.8 | 13.5 | 21.9 | 33.6 | 37.9% |
| Thailand | 2.6 | 8.1 | 13.1 | 24.2 | 110.4% |
| Malaysia | 17.7 | 14.9 | 16.0 | 23.6 | 10.1% |
| Belgium | 4.9 | 3.7 | 7.1 | 11.0 | 30.9% |
| Netherlands | 5.2 | 5.0 | 9.1 | 10.7 | 27.2% |
| Argentina | 12.1 | 5.0 | 10.8 | 10.1 | -5.8% |
| Sri Lanka | 6.1 | 5.0 | 7.3 | 7.4 | 6.7% |
| China | 2.7 | 3.8 | 7.6 | 6.5 | 34.0% |
| Chile | 2.1 | 5.1 | 16.5 | 5.1 | 34.4% |
| Peru | 2.0 | 1.1 | 6.7 | 3.6 | 21.6% |
| Costa Rica | 1.3 | 1.4 | 1.6 | 2.8 | 29.1% |
| Canada | 2.2 | 2.4 | 2.7 | 2.5 | 4.4% |
| Singapore | 0.4 | N/A | N/A | 1.1 | 40.1% |
| Others | 26.6 | 14.5 | 22.7 | 20.2 | -8.8% |
| Total | 98.7 | 83.6 | 143 | 162 | 18.0% |
Top Export Markets for Synthetic Rubber (Excluding Latex) from Brazil in 2022:
- United States (10.9K tons)
- Belgium (6.1K tons)
- Thailand (5.6K tons)
- Malaysia (5.5K tons)
- Netherlands (3.9K tons)
- Argentina (3.4K tons)
- China (2.8K tons)
- Chile (2.0K tons)
- Sri Lanka (1.7K tons)
- Canada (1.4K tons)
- Peru (1.3K tons)
- Costa Rica (1.2K tons)
- Singapore (1.0K tons)
This report provides an in-depth analysis of the market for synthetic rubber (excluding latex) in Brazil. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 20171090 - Synthetic rubber (excluding latex)
Country coverage:
- Brazil
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Brazil
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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In February 2023, the synthetic rubber price stood at $2,531 per ton (CIF, Brazil), declining by -7.8% against the previous month.
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In 2016, the amount of synthetic rubber imported worldwide amounted to X tons, approximately mirroring the previous year level. The total import volume increased at an average annual rate of +X>
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In 2016, the amount of synthetic rubber imported worldwide amounted to X tons, approximately mirroring the previous year level. The total import volume increased at an average annual rate of +X>
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In February 2023, the synthetic rubber price stood at $2,531 per ton (CIF, Brazil), declining by -7.8% against the previous month.
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Discover the top import markets for synthetic rubber (excluding latex) with key statistics and analysis. Learn about the leading countries driving the demand for synthetic rubber. Read more on IndexBox market intelligence platform.
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In 2016, the amount of synthetic rubber imported worldwide amounted to X tons, approximately mirroring the previous year level. The total import volume increased at an average annual rate of +X>
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In 2016, the amount of synthetic rubber imported worldwide amounted to X tons, approximately mirroring the previous year level. The total import volume increased at an average annual rate of +X>
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