Argentina: Market for Isoprene Rubber (IR) in Primary Forms 2024

Market Size for Isoprene Rubber (IR) in Primary Forms in Argentina

The Argentinian market for isoprene rubber (IR) in primary forms declined to $X in 2022, dropping by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, showed strong growth. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market remained at a lower figure.

Exports of Isoprene Rubber (IR) in Primary Forms

Exports from Argentina

In 2022, exports of isoprene rubber (ir) in primary forms from Argentina dropped to X kg, falling by X% compared with 2021. Overall, exports showed a abrupt downturn. The most prominent rate of growth was recorded in 2013 with an increase of X%. As a result, the exports reached the peak of X tons. From 2014 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of isoprene rubber (IR) in primary forms fell to $X in 2022. In general, exports recorded a deep downturn. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports of remained at a lower figure.

Exports by Country

Uruguay (X kg) was the main destination for exports of isoprene rubber (IR) in primary forms from Argentina, with a X% share of total exports. Moreover, exports of isoprene rubber (IR) in primary forms to Uruguay exceeded the volume sent to the second major destination, Brazil (X kg), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to Uruguay was relatively modest.

In value terms, Uruguay ($X) remains the key foreign market for isoprene rubber (IR) in primary forms exports from Argentina, comprising X% of total exports. The second position in the ranking was held by Brazil ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Uruguay stood at X%.

Export Prices by Country

The average export price for isoprene rubber (IR) in primary forms stood at $X per ton in 2022, with an increase of X% against the previous year. Overall, the export price, however, saw a noticeable descent. The growth pace was the most rapid in 2020 an increase of X% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Uruguay ($X per ton), while the average price for exports to Brazil amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Uruguay (X%).

Imports of Isoprene Rubber (IR) in Primary Forms

Imports into Argentina

In 2022, imports of isoprene rubber (IR) in primary forms into Argentina declined remarkably to X tons, shrinking by X% on the previous year. In general, imports, however, enjoyed a prominent increase. The pace of growth was the most pronounced in 2013 when imports increased by X%. Imports peaked at X tons in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of isoprene rubber (IR) in primary forms rose slightly to $X in 2022. Overall, imports, however, posted a buoyant increase. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports of failed to regain momentum.

Imports by Country

In 2022, Russia (X tons) constituted the largest supplier of isoprene rubber (IR) in primary form to Argentina, accounting for a X% share of total imports. Moreover, imports of isoprene rubber (IR) in primary forms from Russia exceeded the figures recorded by the second-largest supplier, China (X tons), sixfold. Brazil (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Russia stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Brazil (X% per year).

In value terms, Russia ($X) constituted the largest supplier of isoprene rubber (IR) in primary forms to Argentina, comprising X% of total imports. The second position in the ranking was taken by Brazil ($X), with a X% share of total imports. It was followed by China, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Russia stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (X% per year) and China (X% per year).

Import Prices by Country

The average import price for isoprene rubber (IR) in primary forms stood at $X per ton in 2022, increasing by X% against the previous year. Overall, the import price, however, showed a slight reduction. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Japan ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :