Brazil - Synthetic Rubber - Market Analysis, Forecast, Size, Trends And Insights
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View PricingSynthetic Rubber Price in Brazil - 2024
Contents:
- Synthetic Rubber Price in Brazil (CIF) - 2024
- Synthetic Rubber Price in Brazil (FOB) - 2024
- Synthetic Rubber Imports in Brazil
- Synthetic Rubber Exports in Brazil
Synthetic Rubber Price in Brazil (CIF) - 2024
The average synthetic rubber import price stood at $2,234 per ton in January 2024, which is down by -1.6% against the previous month. In general, the import price continues to indicate a slight decrease. The pace of growth was the most pronounced in October 2023 an increase of 3.2% m-o-m. The import price peaked at $2,744 per ton in January 2023; however, from February 2023 to January 2024, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In January 2024, the country with the highest price was Japan ($3,346 per ton), while the price for Poland ($1,510 per ton) was amongst the lowest.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was attained by Singapore (+1.2%), while the prices for the other major suppliers experienced a decline.
Synthetic Rubber Price in Brazil (FOB) - 2024
In January 2024, the average synthetic rubber export price amounted to $3,262 per ton, with an increase of 4.1% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +1.2%. The pace of growth appeared the most rapid in December 2023 when the average export price increased by 26% m-o-m. The export price peaked in January 2024.
Prices varied noticeably by the country of destination: the country with the highest price was Sri Lanka ($4,599 per ton), while the average price for exports to Canada ($1,268 per ton) was amongst the lowest.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was recorded for supplies to Sri Lanka (+2.7%), while the prices for the other major destinations experienced more modest paces of growth.
Synthetic Rubber Imports in Brazil
In 2022, after three years of growth, there was significant decline in supplies from abroad of synthetic rubber, when their volume decreased by -6.3% to 318K tons. In general, total imports indicated significant growth from 2019 to 2022: its volume increased at an average annual rate of +22.6% 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 +84.4% against 2019 indices. The pace of growth was the most pronounced in 2020 with an increase of 68%.
In value terms, synthetic rubber imports surged to $877M in 2022. Over the period under review, total imports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +19.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +76.6% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 50% against the previous year. Imports peaked in 2022 and are likely to continue growth in years to come.
| Import of Synthetic Rubber in Brazil (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 153 | 129 | 218 | 307 | 26.1% |
| Poland | 32.3 | 35.9 | 54.5 | 84.3 | 37.7% |
| Argentina | 18.8 | 32.1 | 60.9 | 70.3 | 55.2% |
| Russia | 75.1 | 55.2 | 89.1 | 64.6 | -4.9% |
| Mexico | 14.7 | 38.6 | 50.7 | 59.4 | 59.3% |
| Japan | 23.9 | 21.6 | 28.0 | 35.8 | 14.4% |
| Germany | 41.5 | 31.8 | 40.2 | 35.7 | -4.9% |
| Taiwan (Chinese) | 17.6 | 16.8 | 26.8 | 32.4 | 22.6% |
| Singapore | 9.4 | 7.7 | 15.4 | 26.2 | 40.7% |
| Czech Republic | 18.7 | 24.5 | 27.5 | 25.7 | 11.2% |
| China | 4.7 | 6.0 | 10.3 | 24.4 | 73.2% |
| France | 13.7 | 13.9 | 28.0 | 24.1 | 20.7% |
| South Korea | 9.5 | 9.6 | 11.3 | 18.8 | 25.5% |
| Others | 77.5 | 73.6 | 85.1 | 68.3 | -4.1% |
| Total | 511 | 496 | 745 | 877 | 19.7% |
Top Suppliers of Synthetic Rubber to Brazil in 2022:
- United States (101.9K tons)
- Poland (36.5K tons)
- Argentina (30.8K tons)
- Russia (28.0K tons)
- Mexico (19.9K tons)
- Taiwan (Chinese) (12.4K tons)
- Czech Republic (11.7K tons)
- Germany (11.1K tons)
- France (10.0K tons)
- Singapore (9.5K tons)
- China (8.1K tons)
- Japan (7.9K tons)
- South Korea (6.7K tons)
Synthetic Rubber Exports in Brazil
In 2022, synthetic rubber exports from Brazil declined to 62K tons, dropping by -12.4% on the previous year's figure. The total export volume increased at an average annual rate of +4.3% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 35% against the previous year. As a result, the exports reached the peak of 71K tons, and then contracted in the following year.
In value terms, synthetic rubber exports rose slightly to $173M in 2022. In general, exports, however, continue to indicate a remarkable increase. The pace of growth appeared the most rapid in 2021 when exports increased by 80% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.
| Export of Synthetic Rubber in Brazil (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 14.2 | 14.6 | 28.3 | 36.7 | 37.2% |
| Malaysia | 17.7 | 19.6 | 27.2 | 24.4 | 11.3% |
| Thailand | 2.6 | 8.1 | 13.2 | 24.2 | 110.4% |
| Argentina | 13.3 | 5.7 | 12.7 | 13.3 | 0.0% |
| Belgium | 4.9 | 3.7 | 7.2 | 11.0 | 30.9% |
| Netherlands | 5.2 | 5.0 | 9.1 | 10.7 | 27.2% |
| China | 6.5 | 5.7 | 9.8 | 8.5 | 9.4% |
| Sri Lanka | 6.1 | 5.0 | 7.5 | 7.7 | 8.1% |
| Chile | 2.1 | 5.2 | 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 | 27.6 | 15.1 | 23.8 | 21.7 | -7.7% |
| Total | 106 | 92.5 | 166 | 173 | 17.7% |
Top Export Markets for Synthetic Rubber from Brazil in 2022:
- United States (13.1K tons)
- Malaysia (6.1K tons)
- Belgium (6.1K tons)
- Thailand (5.6K tons)
- Argentina (5.6K tons)
- China (4.3K tons)
- Netherlands (3.9K tons)
- Chile (2.0K tons)
- Sri Lanka (1.9K 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 synthetic rubber market 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 20171050 - Synthetic latex rubber
- 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
-
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.
1396
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>
1351
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>
204
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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Discover the top import markets for synthetic latex rubber and their key statistics. Malaysia, China, and Thailand lead the way, according to IndexBox data.
404
In February 2023, the synthetic rubber price stood at $2,531 per ton (CIF, Brazil), declining by -7.8% against the previous month.
1396
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>
1351
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>
204
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.
331
Discover the top import markets for synthetic latex rubber and their key statistics. Malaysia, China, and Thailand lead the way, according to IndexBox data.
