Latin America and the Caribbean: Rubber Thread Market 2020

Rubber Thread Market Size in Latin America and the Caribbean

The revenue of the rubber thread market in Latin America and the Caribbean amounted to $X in 2017, surging by X% against the previous year. The total market indicated a modest increase from 2007 to 2017: its value increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the rubber thread consumption increased by +X% against 2015 indices. The most prominent rate of growth was recorded in 2010, when market value increased by X% y-o-y. Over the period under review, the rubber thread market reached its peak figure level of $X in 2012; however, from 2013 to 2017, it stood at a somewhat lower level.

Rubber Thread Production in Latin America and the Caribbean

In 2017, the amount of rubber thread and cord textile covered produced in Latin America and the Caribbean stood at X tons, remaining stable against the previous year. The rubber thread production continues to indicate a slight expansion. The most prominent rate of growth was recorded in 2010, when the output figure increased by X% year-to-year. Over the period under review, the rubber thread production reached its maximum volume in 2017, and is likely to continue its growth in the near future.

Rubber Thread Exports in Latin America and the Caribbean

The exports stood at X tons in 2017, coming down by -X% against the previous year. The rubber thread exports continue to indicate a significant shrinkage. The growth pace was the most rapid in 2015, when exports increased by X% year-to-year. The volume of exports peaked of X tons in 2007; however, from 2008 to 2017, it failed to regain its momentum.

In value terms, rubber thread exports amounted to $X in 2017. The rubber thread exports continue to indicate a mild drop. Over the period under review, the rubber thread exports reached its maximum level of $X in 2011; however, from 2012 to 2017, it stood at a somewhat lower level.

Rubber Thread Exports by Country in Latin America and the Caribbean

In 2017, Mexico (X tons), Peru (X tons), Antigua and Barbuda (X tons) and Brazil (X tons) represented the key exporters of rubber thread and cord textile covered in Latin America and the Caribbean, committing X% of total export. It was distantly followed by Chile (X tons), comprising X% share of total exports. The Dominican Republic (X tons) followed a long way behind the leaders.

From 2007 to 2017, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by Chile (+X% per year), while the other leaders experienced mixed trends in the exports figures.

In value terms, the largest rubber thread markets worldwide were Antigua and Barbuda ($X), Mexico ($X) and Peru ($X), together comprising X% of total exports.

Among the main exporting countries , Antigua and Barbuda (+X% per year) recorded the highest growth rate of exports, over the last decade, while the other leaders experienced more modest paces of growth.

Rubber Thread Export Prices by Country in Latin America and the Caribbean

The rubber thread export price in Latin America and the Caribbean stood at $X per ton in 2017, growing by X% against the previous year. Over the period from 2007 to 2017, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2016, when it surged by X% against the previous year. Over the period under review, the export prices for rubber thread and cord textile covered attained its peak figure level in 2017, and is likely to see steady growth in the near future.

Export prices varied noticeably by the country of destination; the country with the highest export price was Antigua and Barbuda ($X per kg), while Mexico ($X per ton) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by Antigua and Barbuda (+X% per year), while the other leaders experienced more modest paces of growth.

Rubber Thread Imports in Latin America and the Caribbean

In 2017, the amount of rubber thread and cord textile covered imported in Latin America and the Caribbean amounted to X tons, coming up by X% against the previous year. The total import volume increased an average annual rate of +X% from 2007 to 2017; however, the trend pattern indicated some noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2010, when it surged by X% against the previous year. Over the period under review, the rubber thread imports reached its peak figure volume of X tons in 2014; however, from 2015 to 2017, it stood at a somewhat lower level.

In value terms, rubber thread imports amounted to $X in 2017. The total import value increased an average annual rate of +X% over the period from 2007 to 2017; however, the trend pattern indicated some noticeable fluctuations throughout the analyzed period. Over the period under review, the rubber thread imports reached its peak figure level in 2017, and are expected to retain its growth in the near future.

Rubber Thread Imports by Country in Latin America and the Caribbean

Mexico prevails in rubber thread imports structure, finishing at X tons, which was approx. X% of total imports in 2017. It was distantly followed by Brazil (X tons) and Chile (X tons), together committing X% share of total imports. The following importers - Argentina (X tons), Guatemala (X tons), Colombia (X tons), the Dominican Republic (X tons), Honduras (X tons), Peru (X tons) and Ecuador (X tons) together made up X% of total imports.

Mexico was also the fastest growing in terms of the rubber thread and cord textile covered imports, with a CAGR of +X% from 2007 to 2017. At the same time, Ecuador (+X%) and Colombia (+X%) displayed positive paces of growth. Honduras experienced a relatively flat trend pattern. By contrast, Argentina (-X%), Chile (-X%), the Dominican Republic (-X%), Peru (-X%), Brazil (-X%) and Guatemala (-X%) illustrated a downward trend over the same period. Brazil (X%), Guatemala (X%), Chile (X%), the Dominican Republic (X%) and Peru (X%) significantly strengthened its position in terms of the global imports, while Mexico saw its share reduced by -X% from 2007 to 2017, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X) constitutes the largest market for imported rubber thread and cord textile covered in Latin America and the Caribbean, making up X% of global imports. The second position in the ranking was occupied by Brazil ($X), with a X% share of global imports. It was followed by Chile, with a X% share.

In Mexico, rubber thread imports increased at an average annual rate of +X% over the period from 2007-2017. The remaining importing countries recorded the following average annual rates of imports growth: Brazil (-X% per year) and Chile (-X% per year).

Rubber Thread Import Prices by Country in Latin America and the Caribbean

In 2017, the rubber thread import price in Latin America and the Caribbean amounted to $X per ton, coming up by X% against the previous year. The rubber thread import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016, when it surged by X% year-to-year. The level of import price peaked in 2017, and is likely to see steady growth in the immediate term.

There were significant differences in the average import prices amongst the major importing countries. In 2017, the country with the highest import price was Ecuador ($X per ton), while Honduras ($X per ton) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by Chile (+X% per year), while the other leaders experienced more modest paces of growth.

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Source: IndexBox Platform