$Peru - Synthetic Latex Rubber - Market Analysis, Forecast, Size, Trends And Insights$

Report Update: May 3, 2024

Peru - Synthetic Latex Rubber - Market Analysis, Forecast, Size, Trends And Insights

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Synthetic Latex Rubber Price in Peru - 2021

Synthetic Latex Rubber Price in Peru (CIF) - 2022

The average synthetic latex rubber import price stood at $3,169 per ton in 2022, with an increase of 20% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average import price increased by 27% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the near future.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from the United States ($3,102 per ton) and Colombia ($2,566 per ton), while the price for Chile ($2,130 per ton) and Italy ($2,272 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (-0.2%), while the prices for the other major suppliers experienced a decline.

Synthetic Latex Rubber Price in Peru (FOB) - 2022

In 2022, the average synthetic latex rubber export price amounted to $1,842 per ton, reducing by -17.8% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The growth pace was the most rapid in 2019 when the average export price increased by 102%. As a result, the export price attained the peak level of $2,260 per ton. From 2020 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Ecuador ($2,065 per ton), while the average price for exports to Bolivia ($914 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 India (+42.7%), while the prices for the other major destinations experienced more modest paces of growth.

Synthetic Latex Rubber Imports in Peru

Synthetic latex rubber imports into Peru declined dramatically to 743 tons in 2022, reducing by -18.5% on the previous year's figure. Overall, imports showed a abrupt setback. The growth pace was the most rapid in 2021 with an increase of 10%. As a result, imports attained the peak of 911 tons, and then contracted significantly in the following year.

In value terms, synthetic latex rubber imports dropped to $2.4M in 2022. The total import value increased at an average annual rate of +1.5% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when imports increased by 39% against the previous year. As a result, imports attained the peak of $2.4M, and then reduced in the following year.

Import of Synthetic Latex Rubber in Peru (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United States	1,996	1,391	1,866	1,903	-1.6%
Colombia	54.6	75.9	69.3	76.0	11.7%
Italy	33.7	44.4	88.7	50.4	14.4%
Chile	44.2	31.4	28.7	31.4	-10.8%
Others	123	181	347	294	33.7%
Total	2,252	1,724	2,400	2,355	1.5%

Top Suppliers of Synthetic Latex Rubber to Peru in 2022:

United States (613.6 tons)
Colombia (29.6 tons)
Italy (22.2 tons)
Chile (14.8 tons)

Synthetic Latex Rubber Exports in Peru

In 2022, approx. 57 tons of synthetic latex rubber were exported from Peru; growing by 134% on the previous year's figure. In general, exports enjoyed significant growth. The pace of growth was the most pronounced in 2020 when exports increased by 540%. As a result, the exports attained the peak of 113 tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, synthetic latex rubber exports soared to $105K in 2022. Over the period under review, exports saw a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 443% against the previous year. As a result, the exports reached the peak of $216K. From 2021 to 2022, the growth of the exports remained at a lower figure.

Export of Synthetic Latex Rubber in Peru (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Chile	21.7	117	28.9	55.5	36.8%
Colombia	8.7	62.0	15.3	29.4	50.1%
Ecuador	7.8	29.9	7.2	14.0	21.5%
Bolivia	1.6	2.1	3.2	6.1	56.2%
Others	N/A	4.8	N/A	N/A	0%
Total	39.7	216	54.6	105	38.3%

Top Export Markets for Synthetic Latex Rubber from Peru in 2022:

Chile (29.0 tons)
Colombia (14.5 tons)
Ecuador (6.8 tons)
Bolivia (6.7 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the synthetic latex rubber market in Peru. 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 20171050 - Synthetic latex rubber

Country coverage:

Peru

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Peru
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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023