Latin America and the Caribbean: Market for Natural Rubber And Gums 2024

Market Size for Natural Rubber And Gums in Latin America and the Caribbean

The Latin American natural rubber and gum market amounted to $X in 2022, remaining constant against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked in 2022 and is likely to continue growth in the immediate term.

Production of Natural Rubber And Gums in Latin America and the Caribbean

In value terms, natural rubber and gum production fell to $X in 2022 estimated in export price. In general, production saw a noticeable expansion. The most prominent rate of growth was recorded in 2014 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2017; however, from 2018 to 2022, production remained at a lower figure.

The country with the largest volume of natural rubber and gum production was Brazil (X tons), comprising approx. X% of total volume. Moreover, natural rubber and gum production in Brazil exceeded the figures recorded by the second-largest producer, Guatemala (X tons), twofold. The third position in this ranking was taken by Mexico (X tons), with a X% share.

In Brazil, natural rubber and gum production increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Guatemala (X% per year) and Mexico (X% per year).

The average natural rubber and gum yield rose modestly to X tons per ha in 2022, picking up by X% on 2021. Over the period under review, the yield, however, continues to indicate a noticeable shrinkage. The growth pace was the most rapid in 2019 when the yield increased by X%. Over the period under review, the natural rubber and gum yield reached the peak level at X tons per ha in 2014; however, from 2015 to 2022, the yield failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, approx. X ha of natural rubber and gums were harvested in Latin America and the Caribbean; therefore, remained relatively stable against the previous year. The harvested area increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when the harvested area increased by X%. As a result, the harvested area reached the peak level of X ha, leveling off in the following year.

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Exports of Natural Rubber And Gums

Exports in Latin America and the Caribbean

After five years of growth, shipments abroad of natural rubber and gums decreased by X% to X tons in 2022. Total exports indicated a buoyant expansion 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. Based on 2022 figures, exports increased by X% against 2016 indices. The growth pace was the most rapid in 2017 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2021, and then reduced in the following year.

In value terms, natural rubber and gum exports reduced to $X in 2022. Overall, exports, however, posted a mild expansion. The growth pace was the most rapid in 2017 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at $X in 2021, and then contracted in the following year.

Exports by Country

Guatemala dominates exports structure, reaching X tons, which was near X% of total exports in 2022. Colombia (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to natural rubber and gum exports from Guatemala stood at X%. At the same time, Colombia (X%) displayed positive paces of growth. Moreover, Colombia emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of X% from 2012-2022. Colombia (X p.p.) significantly strengthened its position in terms of the total exports, while Guatemala saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, Guatemala ($X) remains the largest natural rubber and gum supplier in Latin America and the Caribbean, comprising X% of total exports. The second position in the ranking was taken by Colombia ($X), with a X% share of total exports.

In Guatemala, natural rubber and gum exports remained relatively stable over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Latin America and the Caribbean amounted to $X per ton, with an increase of X% against the previous year. Overall, the export price, however, continues to indicate a noticeable downturn. The growth pace was the most rapid in 2017 an increase of X%. Over the period under review, the export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Guatemala ($X per ton), while Colombia totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Guatemala (X%).

Imports of Natural Rubber And Gums

Imports in Latin America and the Caribbean

In 2022, approx. X tons of natural rubber and gums were imported in Latin America and the Caribbean; growing by X% on 2021 figures. The total import volume increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The volume of import peaked in 2022 and is likely to continue growth in the immediate term.

In value terms, natural rubber and gum imports rose notably to $X in 2022. In general, imports, however, continue to indicate a mild reduction. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Brazil (X tons) and Mexico (X tons) represented the main importers of natural rubber and gums in Latin America and the Caribbean, together resulting at near X% of total imports. It was distantly followed by Colombia (X tons), generating a X% share of total imports. Argentina (X tons) and Ecuador (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Ecuador (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest natural rubber and gum importing markets in Latin America and the Caribbean were Brazil ($X), Mexico ($X) and Colombia ($X), together accounting for X% of total imports. Argentina and Ecuador lagged somewhat behind, together accounting for a further X%.

Among the main importing countries, Ecuador, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

The import price in Latin America and the Caribbean stood at $X per ton in 2022, growing by X% against the previous year. In general, the import price, however, continues to indicate a pronounced decrease. The growth pace was the most rapid in 2021 an increase of X%. Over the period under review, import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Argentina (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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