Latin America and the Caribbean: Reclaimed Rubber Market 2024

Reclaimed Rubber Market Size in Latin America and the Caribbean

The Latin American reclaimed rubber market was estimated at $X in 2023, surging by X% against the previous year. Over the period under review, consumption, however, showed a pronounced decline. As a result, consumption reached the peak level of $X. From 2014 to 2023, the growth of the market remained at a somewhat lower figure.

Reclaimed Rubber Production in Latin America and the Caribbean

In value terms, reclaimed rubber production expanded to $X in 2023 estimated in export price. In general, production, however, continues to indicate a pronounced curtailment. The pace of growth was the most pronounced in 2013 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2023, production growth failed to regain momentum.

Reclaimed Rubber Exports

Exports in Latin America and the Caribbean

In 2023, overseas shipments of reclaimed rubber decreased by X% to X tons, falling for the second year in a row after three years of growth. Overall, exports, however, continue to indicate measured growth. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, the exports reached the peak of X tons. From 2022 to 2023, the growth of the exports failed to regain momentum.

In value terms, reclaimed rubber exports shrank to $X in 2023. In general, exports, however, posted a slight expansion. The growth pace was the most rapid in 2021 when exports increased by X%. The level of export peaked at $X in 2022, and then dropped in the following year.

Exports by Country

Brazil prevails in exports structure, recording X tons, which was approx. X% of total exports in 2023. Venezuela (X tons) held an X% share (based on physical terms) of total exports, which put it in second place, followed by Peru (X%). The following exporters - Paraguay (X tons), Costa Rica (X tons) and Chile (X tons) - each reached a X% share of total exports.

Exports from Brazil increased at an average annual rate of X% from 2012 to 2023. At the same time, Venezuela (X%) and Peru (X%) displayed positive paces of growth. Moreover, Venezuela emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of X% from 2012-2023. By contrast, Paraguay (X%), Chile (X%) and Costa Rica (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Brazil, Venezuela, Peru, Paraguay and Chile increased by X, X, X, X and X percentage points, respectively.

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

In Brazil, reclaimed rubber exports increased at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Peru (X% per year) and Venezuela (X% per year).

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per ton in 2023, approximately equating the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the export price increased by X%. The level of export peaked at $X per ton in 2012; however, from 2013 to 2023, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Peru ($X per ton), while Chile ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Paraguay (X%), while the other leaders experienced more modest paces of growth.

Reclaimed Rubber Imports

Imports in Latin America and the Caribbean

In 2023, purchases abroad of reclaimed rubber decreased by X% to X tons for the first time since 2020, thus ending a two-year rising trend. Total imports indicated a moderate expansion from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2022 with an increase of X% against the previous year. As a result, imports attained the peak of X tons, and then dropped dramatically in the following year.

In value terms, reclaimed rubber imports shrank to $X in 2023. Overall, imports showed a perceptible decrease. The most prominent rate of growth was recorded in 2013 with an increase of X%. As a result, imports attained the peak of $X. From 2014 to 2023, the growth of imports remained at a somewhat lower figure.

Imports by Country

El Salvador (X tons) and Brazil (X tons) represented roughly X% of total imports in 2023. Argentina (X tons) ranks next in terms of the total imports with a X% share, followed by Mexico (X%), Ecuador (X%) and Chile (X%). Peru (X tons) held a little share of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by El Salvador (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Brazil ($X) constitutes the largest market for imported reclaimed rubber in Latin America and the Caribbean, comprising X% of total imports. The second position in the ranking was held by Mexico ($X), with a X% share of total imports. It was followed by Argentina, with a X% share.

In Brazil, reclaimed rubber imports shrank by an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Mexico (X% per year) and Argentina (X% per year).

Import Prices by Country

In 2023, the import price in Latin America and the Caribbean amounted to $X per ton, surging by X% against the previous year. Overall, the import price, however, recorded a perceptible shrinkage. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. Over the period under review, import prices attained the maximum at $X per ton in 2013; however, from 2014 to 2023, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Mexico ($X per ton), while El Salvador ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Peru (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform