Latin America and the Caribbean: Unvulcanized Rubber Market 2024

Unvulcanized Rubber Market Size in Latin America and the Caribbean

The Latin American unvulcanized rubber market stood at $X in 2022, picking up by X% 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 relatively stable, with only minor fluctuations being observed throughout the analyzed period. The level of consumption peaked in 2022 and is likely to see gradual growth in the near future.

Unvulcanized Rubber Production in Latin America and the Caribbean

In value terms, unvulcanized rubber production reached $X in 2022 estimated in export price. Over the period under review, production, however, recorded a noticeable descent. The growth pace was the most rapid in 2016 when the production volume increased by X%. The level of production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

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Unvulcanized Rubber Exports

Exports in Latin America and the Caribbean

In 2022, overseas shipments of unvulcanized rubber and articles thereof increased by X% to X tons, rising for the second year in a row after eight years of decline. In general, exports, however, recorded a noticeable setback. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, unvulcanized rubber exports surged to $X in 2022. Overall, exports, however, showed a pronounced contraction. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

In 2022, Brazil (X tons) and Mexico (X tons) represented the largest exporters of unvulcanized rubber and articles thereof in Latin America and the Caribbean, together accounting for approx. X% of total exports. It was distantly followed by Uruguay (X tons), creating an X% share of total exports. The following exporters - Colombia (X tons) and Guatemala (X tons) - together made up X% of total exports.

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

In value terms, Mexico ($X), Brazil ($X) and Uruguay ($X) constituted the countries with the highest levels of exports in 2022, with a combined X% share of total exports. Colombia and Guatemala lagged somewhat behind, together accounting for a further X%.

In terms of the main exporting countries, Guatemala, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per ton in 2022, rising by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The level of export peaked at $X per ton in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Mexico ($X per ton), while Uruguay ($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 more modest paces of growth.

Unvulcanized Rubber Imports

Imports in Latin America and the Caribbean

In 2022, purchases abroad of unvulcanized rubber and articles thereof increased by X% to X tons, rising for the second year in a row after three years of decline. In general, imports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of X%. The volume of import peaked at X tons in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, unvulcanized rubber imports expanded markedly to $X in 2022. The total import value increased at an average annual rate of X% over the period 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. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, Mexico (X tons) represented the major importer of unvulcanized rubber and articles thereof, comprising X% of total imports. Brazil (X tons) ranks second in terms of the total imports with an X% share, followed by Argentina (X%) and Chile (X%). The following importers - Peru (X tons), Colombia (X tons) and Costa Rica (X tons) - together made up X% of total imports.

Imports into Mexico increased at an average annual rate of X% from 2012 to 2022. At the same time, Costa Rica (X%) and Peru (X%) displayed positive paces of growth. Moreover, Costa Rica emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of X% from 2012-2022. Chile experienced a relatively flat trend pattern. By contrast, Argentina (X%), Brazil (X%) and Colombia (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Mexico increased by X percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

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

In Mexico, unvulcanized rubber imports 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: 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, surging by X% against the previous year. Overall, the import price recorded a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Mexico ($X per ton) and Brazil ($X per ton), while Argentina ($X per ton) and Costa Rica ($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 more modest paces of growth.

Source: IndexBox Platform

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