Brazil: Vulcanised Rubber Thread Market 2024

Vulcanised Rubber Thread Market Size in Brazil

In 2022, the Brazilian vulcanised rubber thread market decreased by X% to $X for the first time since 2019, thus ending a two-year rising trend. Overall, consumption showed a noticeable slump. Vulcanised rubber thread consumption peaked at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Vulcanised Rubber Thread Production in Brazil

In value terms, vulcanised rubber thread production contracted rapidly to $X in 2022 estimated in export price. Over the period under review, production faced a precipitous contraction. The pace of growth appeared the most rapid in 2018 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Vulcanised Rubber Thread Exports

Exports from Brazil

In 2022, overseas shipments of vulcanised rubber thread and cord decreased by X% to X tons, falling for the third year in a row after two years of growth. Overall, exports, however, continue to indicate a pronounced increase. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, vulcanised rubber thread exports reduced to $X in 2022. In general, exports, however, saw a prominent increase. The pace of growth was the most pronounced in 2015 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

Chile (X tons), Paraguay (X tons) and Nigeria (X tons) were the main destinations of vulcanised rubber thread exports from Brazil, with a combined X% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Chile (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Chile ($X) remains the key foreign market for vulcanised rubber thread and cord exports from Brazil, comprising X% of total exports. The second position in the ranking was held by Paraguay ($X), with a X% share of total exports. It was followed by Uruguay, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Chile stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Paraguay (X% per year) and Uruguay (X% per year).

Export Prices by Country

The average vulcanised rubber thread export price stood at $X per ton in 2022, rising by X% against the previous year. Over the period under review, export price indicated a resilient expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, vulcanised rubber thread export price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the average export price increased by X%. Over the period under review, the average export prices reached the peak figure in 2022 and is expected to retain growth in years to come.

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

Vulcanised Rubber Thread Imports

Imports into Brazil

After three years of growth, purchases abroad of vulcanised rubber thread and cord decreased by X% to X tons in 2022. In general, total imports indicated slight growth from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. Imports peaked at X tons in 2021, and then reduced dramatically in the following year.

In value terms, vulcanised rubber thread imports fell dramatically to $X in 2022. Overall, imports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when imports increased by X%. As a result, imports reached the peak of $X, and then shrank remarkably in the following year.

Imports by Country

Thailand (X tons), Malaysia (X tons) and India (X tons) were the main suppliers of vulcanised rubber thread imports to Brazil, together comprising X% of total imports.

From 2012 to 2022, the biggest increases were recorded for India (with a CAGR of X%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, Thailand ($X), Malaysia ($X) and India ($X) constituted the largest vulcanised rubber thread suppliers to Brazil, together comprising X% of total imports.

India, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2022, the average vulcanised rubber thread import price amounted to $X per ton, picking up by X% against the previous year. In general, the import price, however, continues to indicate a mild curtailment. The growth pace was the most rapid in 2021 an increase of X% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Malaysia ($X per ton), while the price for India ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :