Chile: Unvulcanized Rubber Market 2024

Unvulcanized Rubber Market Size in Chile

In 2022, the Chilean unvulcanized rubber market increased by X% to $X, rising for the second year in a row after two years of decline. Overall, consumption, however, continues to indicate a mild setback. Unvulcanized rubber consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Unvulcanized Rubber Production in Chile

In value terms, unvulcanized rubber production fell to $X in 2022 estimated in export price. Over the period under review, production, however, showed a deep contraction. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

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Unvulcanized Rubber Exports

Exports from Chile

In 2022, the amount of unvulcanized rubber and articles thereof exported from Chile declined modestly to X tons, approximately reflecting the previous year. In general, exports, however, posted resilient growth. The growth pace was the most rapid in 2018 with an increase of X%. The exports peaked at X tons in 2021, and then fell slightly in the following year.

In value terms, unvulcanized rubber exports skyrocketed to $X in 2022. Overall, exports, however, showed buoyant growth. The most prominent rate of growth was recorded in 2018 with an increase of X%. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Peru (X tons) was the main destination for unvulcanized rubber exports from Chile, accounting for a X% share of total exports. Moreover, unvulcanized rubber exports to Peru exceeded the volume sent to the second major destination, Argentina (X tons), fivefold. The third position in this ranking was held by Ecuador (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Peru amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Argentina (X% per year) and Ecuador (X% per year).

In value terms, Peru ($X) remains the key foreign market for unvulcanized rubber and articles thereof exports from Chile, comprising X% of total exports. The second position in the ranking was taken by Colombia ($X), with a X% share of total exports. It was followed by Argentina, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Peru amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Colombia (X% per year) and Argentina (X% per year).

Export Prices by Country

The average unvulcanized rubber export price stood at $X per ton in 2022, with an increase of X% against the previous year. Over the period under review, the export price, however, continues to indicate a pronounced downturn. The pace of growth was the most pronounced in 2019 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

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

Unvulcanized Rubber Imports

Imports into Chile

For the fifth consecutive year, Chile recorded growth in overseas purchases of unvulcanized rubber and articles thereof, which increased by X% to X tons in 2022. In general, imports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of X%. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, unvulcanized rubber imports expanded significantly to $X in 2022. Over the period under review, imports, however, recorded a slight shrinkage. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

China (X tons), Brazil (X tons) and Lithuania (X tons) were the main suppliers of unvulcanized rubber imports to Chile, together comprising X% of total imports.

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

In value terms, Brazil ($X), Lithuania ($X) and Germany ($X) appeared to be the largest unvulcanized rubber suppliers to Chile, together accounting for X% of total imports.

Lithuania, 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 more modest paces of growth.

Import Prices by Country

In 2022, the average unvulcanized rubber import price amounted to $X per ton, increasing by X% against the previous year. Overall, the import price, however, continues to indicate a slight decline. The pace of growth appeared the most rapid in 2017 when the average import price increased by X%. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Belgium ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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