Latin America and the Caribbean: Vulcanised Rubber Mats Market 2024

Vulcanised Rubber Mats Market Size in Latin America and the Caribbean

In 2022, the Latin American vulcanised rubber mats market increased by X% to $X, rising for the second year in a row after two years of decline. The total consumption indicated mild growth from 2012 to 2022: its value 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, consumption increased by X% against 2020 indices. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market remained at a lower figure.

Vulcanised Rubber Mats Production in Latin America and the Caribbean

In value terms, vulcanised rubber mats production reduced to $X in 2022 estimated in export price. The total production indicated a perceptible expansion from 2012 to 2022: its value 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, production increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2018 with an increase of X%. As a result, production reached the peak level of $X. From 2019 to 2022, production growth remained at a somewhat lower figure.

Vulcanised Rubber Mats Exports

Exports in Latin America and the Caribbean

In 2022, exports of floor coverings and mats of vulcanised rubber in Latin America and the Caribbean soared to X tons, rising by X% compared with the previous year's figure. Overall, exports continue to indicate a resilient increase. The growth pace was the most rapid in 2021 with an increase of X%. The volume of export peaked in 2022 and is likely to see gradual growth in years to come.

In value terms, vulcanised rubber mats exports skyrocketed to $X in 2022. In general, exports enjoyed buoyant growth. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, the exports reached the peak figure in 2022 and are likely to see gradual growth in years to come.

Exports by Country

Mexico was the largest exporting country with an export of about X tons, which reached X% of total exports. It was distantly followed by Brazil (X tons), creating a X% share of total exports. Guatemala (X tons) and Panama (X tons) followed a long way behind the leaders.

Exports from Mexico increased at an average annual rate of X% from 2012 to 2022. At the same time, Brazil (X%) and Guatemala (X%) displayed positive paces of growth. Moreover, Brazil emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of X% from 2012-2022. By contrast, Panama (X%) illustrated a downward trend over the same period. Mexico (X p.p.) and Brazil (X p.p.) significantly strengthened its position in terms of the total exports, while Panama saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X) remains the largest vulcanised rubber mats supplier in Latin America and the Caribbean, comprising X% of total exports. The second position in the ranking was taken by Brazil ($X), with an X% share of total exports. It was followed by Guatemala, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Mexico stood at X%. In the other countries, the average annual rates were as follows: Brazil (X% per year) and Guatemala (X% per year).

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per ton in 2022, falling by X% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the export price increased by X% against the previous year. Over the period under review, the export prices reached the peak figure at $X per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Panama ($X per ton), while Brazil ($X per ton) was amongst the lowest.

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

Vulcanised Rubber Mats Imports

Imports in Latin America and the Caribbean

In 2022, purchases abroad of floor coverings and mats of vulcanised rubber increased by X% to X tons, rising for the second consecutive year after two years of decline. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in years to come.

In value terms, vulcanised rubber mats imports surged to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, Mexico (X tons) represented the largest importer of floor coverings and mats of vulcanised rubber, mixing up X% of total imports. Chile (X tons) held the second position in the ranking, followed by the Dominican Republic (X tons), Colombia (X tons) and Brazil (X tons). All these countries together held near X% share of total imports. Argentina (X tons), Ecuador (X tons), Costa Rica (X tons), Peru (X tons), Guatemala (X tons) and Uruguay (X tons) held a minor share of total imports.

Mexico experienced a relatively flat trend pattern with regard to volume of imports of floor coverings and mats of vulcanised rubber. At the same time, Colombia (X%), the Dominican Republic (X%), Guatemala (X%), Ecuador (X%), Costa Rica (X%) and Argentina (X%) displayed positive paces of growth. Moreover, Colombia emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of X% from 2012-2022. Chile and Uruguay experienced a relatively flat trend pattern. By contrast, Peru (X%) and Brazil (X%) illustrated a downward trend over the same period. The Dominican Republic (X p.p.) and Colombia (X p.p.) significantly strengthened its position in terms of the total imports, while Brazil and Mexico saw its share reduced by X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X) constitutes the largest market for imported floor coverings and mats of vulcanised rubber in Latin America and the Caribbean, comprising X% of total imports. The second position in the ranking was taken by Chile ($X), with a X% share of total imports. It was followed by the Dominican Republic, with a X% share.

In Mexico, vulcanised rubber mats imports remained relatively stable over the period from 2012-2022. In the other countries, the average annual rates were as follows: Chile (X% per year) and the Dominican Republic (X% per year).

Import Prices by Country

In 2022, the import price in Latin America and the Caribbean amounted to $X per ton, surging by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2013 when the import price increased by X%. The level of import peaked at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Mexico ($X per ton) and Guatemala ($X per ton), while Uruguay ($X per ton) and Colombia ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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