Latin America and the Caribbean: Market for Synthetic Rubber (Excluding Latex) 2024

Market Size for Synthetic Rubber (Excluding Latex) in Latin America and the Caribbean

The Latin American synthetic rubber (excluding latex) market fell modestly to $X in 2022, dropping by X% against the previous year. Overall, consumption recorded a noticeable decrease. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Production of Synthetic Rubber (Excluding Latex) in Latin America and the Caribbean

In value terms, synthetic rubber (excluding latex) production dropped to $X in 2022 estimated in export price. Overall, production saw a abrupt slump. The growth pace was the most rapid in 2017 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Exports of Synthetic Rubber (Excluding Latex)

Exports in Latin America and the Caribbean

In 2022, the amount of synthetic rubber (excluding latex) exported in Latin America and the Caribbean expanded modestly to X tons, with an increase of X% on the previous year's figure. Overall, exports, however, continue to indicate a abrupt decline. The pace of growth was the most pronounced in 2014 when exports increased by X%. As a result, the exports attained the peak of X tons. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, synthetic rubber (excluding latex) exports surged to $X in 2022. In general, exports, however, saw a abrupt decline. The growth pace was the most rapid in 2017 when exports increased by X% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Mexico (X tons) and Brazil (X tons) represented the key exporters of synthetic rubber (excluding latex) in 2022, finishing at approx. X% and X% of total exports, respectively. It was distantly followed by Argentina (X tons), creating a X% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Argentina (with a CAGR of X%), while shipments for the other leaders experienced a decline in the exports figures.

In value terms, Mexico ($X), Brazil ($X) and Argentina ($X) appeared to be the countries with the highest levels of exports in 2022, together comprising X% of total exports.

Among the main exporting countries, Argentina, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per ton in 2022, growing by X% against the previous year. Overall, the export price, however, showed a mild decline. The pace of growth was the most pronounced in 2021 an increase of X% against the previous year. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Brazil ($X per ton), while Argentina ($X per ton) was amongst the lowest.

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

Imports of Synthetic Rubber (Excluding Latex)

Imports in Latin America and the Caribbean

In 2022, the amount of synthetic rubber (excluding latex) imported in Latin America and the Caribbean dropped to X tons, waning by X% on 2021 figures. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons, and then shrank in the following year.

In value terms, synthetic rubber (excluding latex) imports surged to $X in 2022. In general, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Brazil represented the major importing country with an import of around X tons, which accounted for X% of total imports. Mexico (X tons) ranks second in terms of the total imports with a X% share, followed by Argentina (X%) and Chile (X%). Colombia (X tons), Peru (X tons) and Costa Rica (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 main importing countries, was attained by Brazil (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest synthetic rubber (excluding latex) importing markets in Latin America and the Caribbean were Brazil ($X), Mexico ($X) and Argentina ($X), together comprising X% of total imports.

In terms of the main importing countries, Mexico, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Latin America and the Caribbean stood at $X per ton in 2022, with an increase of X% against the previous year. Overall, the import price, however, recorded a pronounced downturn. The most prominent rate of growth was recorded in 2021 an increase of X%. Over the period under review, import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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

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

Source: IndexBox Platform

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