Latin America and the Caribbean: Unvulcanised Rubber Market 2024

Unvulcanised Rubber Market Size in Latin America and the Caribbean

The Latin American unvulcanised rubber market dropped to $X in 2022, shrinking by X% against the previous year. In general, consumption showed a mild reduction. The level of consumption peaked at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Unvulcanised Rubber Production in Latin America and the Caribbean

In value terms, unvulcanised rubber production contracted to $X in 2022 estimated in export price. Overall, production showed a pronounced descent. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, production reached the peak level at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

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Unvulcanised Rubber Exports

Exports in Latin America and the Caribbean

In 2022, overseas shipments of unvulcanised rubber increased by X% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, exports, however, continue to indicate a abrupt curtailment. The pace of growth appeared the most rapid in 2021 with an increase of X%. The volume of export peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, unvulcanised rubber exports surged to $X in 2022. In general, exports, however, saw a abrupt slump. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Brazil (X tons) and Mexico (X tons) represented roughly X% of total exports in 2022. It was distantly followed by Uruguay (X tons), constituting a X% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Brazil (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 Uruguay ($X) appeared to be the countries with the highest levels of exports in 2022, with a combined X% share of total exports.

Among the main exporting countries, Brazil, with a CAGR of X%, saw the highest rates of growth with regard to 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

In 2022, the export price in Latin America and the Caribbean amounted to $X per ton, increasing by X% against the previous year. Over the period under review, the export price, however, recorded a noticeable downturn. 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 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 Mexico ($X per ton), while Brazil ($X per ton) was amongst the lowest.

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

Unvulcanised Rubber Imports

Imports in Latin America and the Caribbean

In 2022, approx. X tons of unvulcanised rubber were imported in Latin America and the Caribbean; with an increase of X% against 2021. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. The volume of import peaked at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, unvulcanised rubber 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; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. The level of import peaked in 2022 and is likely to continue growth in the near future.

Imports by Country

Mexico was the key importer of unvulcanised rubber in Latin America and the Caribbean, with the volume of imports accounting for X tons, which was approx. X% of total imports in 2022. Brazil (X tons) ranks second in terms of the total imports with an X% share, followed by Argentina (X%). The following importers - Chile (X tons) and Peru (X tons) - each recorded a X% share of total imports.

Imports into Mexico increased at an average annual rate of X% from 2012 to 2022. At the same time, Peru (X%) displayed positive paces of growth. Moreover, Peru emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of X% from 2012-2022. Argentina experienced a relatively flat trend pattern. By contrast, Chile (X%) and Brazil (X%) illustrated a downward trend over the same period. Mexico (X p.p.) and Peru (X p.p.) significantly strengthened its position in terms of the total imports, while Chile, Argentina and Brazil saw its share reduced by X%, X% and X% from 2012 to 2022, respectively.

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

In Mexico, unvulcanised rubber imports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Brazil (X% per year) and Argentina (X% per year).

Import Prices by Country

The import price in Latin America and the Caribbean stood at $X per ton in 2022, rising by X% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the import price increased by X%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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 Mexico ($X per ton), while Peru ($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 import price figures.

Source: IndexBox Platform

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