Report Latin America and the Caribbean - Vulcanised Rubber Thread and Cord - Market Analysis, Forecast, Size, Trends and Insights for 499$
Latest Report Update: Apr 1, 2023

Latin America and the Caribbean - Vulcanised Rubber Thread and Cord - Market Analysis, Forecast, Size, Trends and Insights

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Latin America and the Caribbean: Vulcanised Rubber Thread Market 2023

Vulcanised Rubber Thread Market Size in Latin America and the Caribbean

The Latin American vulcanised rubber thread market surged to $X in 2021, rising by 31% against the previous year. In general, consumption continues to indicate a relatively flat trend pattern. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Vulcanised Rubber Thread Production in Latin America and the Caribbean

In value terms, vulcanised rubber thread production skyrocketed to $X in 2021 estimated in export price. Over the period under review, production, however, showed a pronounced contraction. Over the period under review, production reached the peak level at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

Vulcanised Rubber Thread Exports

Exports in Latin America and the Caribbean

In 2021, approx. X tons of vulcanised rubber thread and cord were exported in Latin America and the Caribbean; declining by -38.8% compared with 2020 figures. Over the period under review, exports, however, showed a mild expansion. The pace of growth was the most pronounced in 2019 with an increase of 76%. As a result, the exports reached the peak of X tons. From 2020 to 2021, the growth of the exports remained at a lower figure.

In value terms, vulcanised rubber thread exports shrank slightly to $X in 2021. Overall, exports, however, recorded a measured expansion. The pace of growth appeared the most rapid in 2016 when exports increased by 36% against the previous year. Over the period under review, the exports attained the maximum at $X in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Brazil (X tons) and Guatemala (X tons) dominates exports structure, together making up 78% of total exports. It was distantly followed by Peru (X tons), committing a 6.5% share of total exports. The Dominican Republic (X tons), Mexico (X tons), Colombia (X tons) and Argentina (X tons) held a relatively small share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Guatemala (with a CAGR of +59.6%), while the other leaders experienced more modest paces of growth.

In value terms, Brazil ($X) remains the largest vulcanised rubber thread supplier in Latin America and the Caribbean, comprising 82% of total exports. The second position in the ranking was held by the Dominican Republic ($X), with a 3.9% share of total exports. It was followed by Guatemala, with a 3.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Brazil totaled +13.2%. In the other countries, the average annual rates were as follows: the Dominican Republic (-7.9% per year) and Guatemala (+45.7% per year).

Export Prices by Country

In 2021, the export price in Latin America and the Caribbean amounted to $X per ton, jumping by 58% against the previous year. Export price indicated a modest expansion from 2012 to 2021: its price increased at an average annual rate of +1.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the export prices attained the maximum at $X per ton in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Brazil ($X per ton), while Peru ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Colombia (+5.9%), while the other leaders experienced more modest paces of growth.

Vulcanised Rubber Thread Imports

Imports in Latin America and the Caribbean

In 2021, supplies from abroad of vulcanised rubber thread and cord increased by 10% to X tons, rising for the second year in a row after two years of decline. The total import volume increased at an average annual rate of +3.2% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 36% against the previous year. The volume of import peaked in 2021 and is expected to retain growth in years to come.

In value terms, vulcanised rubber thread imports skyrocketed to $X in 2021. Total imports indicated mild growth from 2012 to 2021: its value increased at an average annual rate of +1.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +69.2% against 2019 indices. The pace of growth appeared the most rapid in 2020 when imports increased by 30% against the previous year. Over the period under review, imports reached the maximum in 2021 and are expected to retain growth in the immediate term.

Imports by Country

Brazil was the largest importing country with an import of around X tons, which resulted at 40% of total imports. Mexico (X tons) took a 16% share (based on physical terms) of total imports, which put it in second place, followed by Argentina (9.8%), Colombia (8.9%) and Peru (8.7%). El Salvador (X tons) and Ecuador (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to vulcanised rubber thread imports into Brazil stood at +4.9%. At the same time, Colombia (+7.9%), Argentina (+5.7%), Mexico (+3.0%), Peru (+2.1%) and Ecuador (+2.0%) displayed positive paces of growth. Moreover, Colombia emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of +7.9% from 2012-2021. By contrast, El Salvador (-2.9%) illustrated a downward trend over the same period. Brazil (+5.6 p.p.), Colombia (+2.9 p.p.) and Argentina (+1.9 p.p.) significantly strengthened its position in terms of the total imports, while El Salvador saw its share reduced by -2.6% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) constitutes the largest market for imported vulcanised rubber thread and cord in Latin America and the Caribbean, comprising 37% of total imports. The second position in the ranking was taken by Mexico ($X), with a 17% share of total imports. It was followed by Argentina, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Brazil amounted to +2.5%. The remaining importing countries recorded the following average annual rates of imports growth: Mexico (+0.9% per year) and Argentina (+4.5% per year).

Import Prices by Country

The import price in Latin America and the Caribbean stood at $X per ton in 2021, with an increase of 18% against the previous year. Over the period under review, the import price, however, showed a noticeable curtailment. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Average prices varied somewhat amongst the major importing countries. In 2021, major importing countries recorded the following prices: in El Salvador ($X per ton) and Ecuador ($X per ton), while Colombia ($X per ton) and Brazil ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Argentina (-1.1%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Market Intelligence Platform

Base Year Historical Period Forecast Period Units
2022 2012-2022 2023-2030 US$, Tons

Frequently Asked Questions (FAQ) :

What are the largest markets for vulcanised rubber thread and cord in LatAmerica and the Caribbean?
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Brazil remains the largest vulcanised rubber thread consuming country in Latin America and the Caribbean, accounting for 43% of total volume. Moreover, vulcanised rubber thread consumption in Brazil exceeded the figures recorded by the second-largest consumer, Mexico, threefold. The third position in this ranking was taken by Argentina, with an 8.9% share.
What are the largest producers of vulcanised rubber thread and cord in LatAmerica and the Caribbean?
+
Brazil remains the largest vulcanised rubber thread producing country in Latin America and the Caribbean, comprising approx. 67% of total volume. Moreover, vulcanised rubber thread production in Brazil exceeded the figures recorded by the second-largest producer, Panama, fourfold. The third position in this ranking was held by Guatemala, with a 6.6% share.
What are the leading exporters of vulcanised rubber thread and cord in LatAmerica and the Caribbean?
+
In value terms, Brazil remains the largest vulcanised rubber thread supplier in Latin America and the Caribbean, comprising 82% of total exports. The second position in the ranking was taken by the Dominican Republic, with a 3.9% share of total exports. It was followed by Guatemala, with a 3.3% share.
What are the leading importers of vulcanised rubber thread and cord in LatAmerica and the Caribbean?
+
In value terms, Brazil constitutes the largest market for imported vulcanised rubber thread and cord in Latin America and the Caribbean, comprising 37% of total imports. The second position in the ranking was held by Mexico, with a 17% share of total imports. It was followed by Argentina, with an 11% share.
What is the average export price for vulcanised rubber thread and cord in LatAmerica and the Caribbean?
+
In 2021, the export price in Latin America and the Caribbean amounted to $6,822 per ton, surging by 58% against the previous year.
What is the average import price for vulcanised rubber thread and cord in LatAmerica and the Caribbean?
+
The import price in Latin America and the Caribbean stood at $3,627 per ton in 2021, rising by 18% against the previous year.

This report provides an in-depth analysis of the vulcanised rubber thread market in Latin America and the Caribbean. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.


Product coverage:
• Prodcom 22192050 - Vulcanised rubber thread and cord
Country coverage:
• Anguilla
• Antigua and Barbuda
• Aruba
• Bahamas
• Barbados
• Belize
• Bolivia
• British Virgin Islands
• Cayman Islands
• Costa Rica
• Curacao
• El Salvador
• Falkland Islands (Malvinas)
• French Guiana
• Grenada
• Guadeloupe
• Guatemala
• Guyana
• Haiti
• Honduras
• Jamaica
• Martinique
• Montserrat
• Nicaragua
• Panama
• Paraguay
• Saint Kitts and Nevis
• Saint Lucia
• Saint Maarten (Dutch part)
• Saint Vincent and the Grenadines
• Suriname
• Trinidad and Tobago
• Turks and Caicos Islands
• United States Virgin Islands

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Production in Latin America and the Caribbean, split by region and country
• Trade (exports and imports) in Latin America and the Caribbean
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
REPORT DESCRIPTION
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
CONSUMPTION BY COUNTRY
3.3
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
7.2
PRODUCTION BY COUNTRY
8. IMPORTS

The Largest Importers on The Market and How They Succeed

8.1
IMPORTS FROM 2012–2022
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Exporters on The Market and How They Succeed

9.1
EXPORTS FROM 2012–2022
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

11. COUNTRY PROFILES

The Largest Markets And Their Profiles

• Anguilla
• Antigua and Barbuda
• Argentina
• Aruba
• Bahamas
• Barbados
• Belize
• Bolivia
• Brazil
• British Virgin Islands
• Cayman Islands
• Chile
• Colombia
• Costa Rica
• Cuba
• Curacao
• Dominica
• Dominican Republic
• Ecuador
• El Salvador
• Falkland Islands (Malvinas)
• French Guiana
• Grenada
• Guadeloupe
• Guatemala
• Guyana
• Haiti
• Honduras
• Jamaica
• Martinique
• Mexico
• Montserrat
• Nicaragua
• Panama
• Paraguay
• Peru
• Saint Kitts and Nevis
• Saint Lucia
• Saint Vincent and the Grenadines
• Saint Maarten (Dutch part)
• Suriname
• Trinidad and Tobago
• Turks and Caicos Islands
• United States Virgin Islands
• Uruguay
• Venezuela
• Puerto Rico
LIST OF TABLES
Table 1:
Key Findings In 2022
Table 2:
Market Volume, In Physical Terms, 2012–2022
Table 3:
Market Value, 2012–2022
Table 4:
Per Capita Consumption, By Country, 2018–2022
Table 5:
Production, In Physical Terms, By Country, 2012–2022
Table 6:
Imports, In Physical Terms, By Country, 2012–2022
Table 7:
Imports, In Value Terms, By Country, 2012–2022
Table 8:
Import Prices, By Country Of Destination, 2012–2022
Table 9:
Exports, In Physical Terms, By Country, 2012–2022
Table 10:
Exports, In Value Terms, By Country, 2012–2022
Table 11:
Export Prices, By Country Of Origin, 2012–2022
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2012–2022
Figure 2:
Market Value, 2012–2022
Figure 3:
Consumption, By Country, 2022
Figure 4:
Market Forecast To 2030
Figure 5:
Products: Market Size And Growth, By Type
Figure 6:
Products: Average Per Capita Consumption, By Type
Figure 7:
Products: Exports And Growth, By Type
Figure 8:
Products: Export Prices And Growth, By Type
Figure 9:
Production Volume And Growth
Figure 10:
Exports And Growth
Figure 11:
Export Prices And Growth
Figure 12:
Market Size And Growth
Figure 13:
Per Capita Consumption
Figure 14:
Imports And Growth
Figure 15:
Import Prices
Figure 16:
Production, In Physical Terms, 2012–2022
Figure 17:
Production, In Value Terms, 2012–2022
Figure 18:
Production, By Country, 2022
Figure 19:
Production, In Physical Terms, By Country, 2012–2022
Figure 20:
Imports, In Physical Terms, 2012–2022
Figure 21:
Imports, In Value Terms, 2012–2022
Figure 22:
Imports, In Physical Terms, By Country, 2022
Figure 23:
Imports, In Physical Terms, By Country, 2012–2022
Figure 24:
Imports, In Value Terms, By Country, 2012–2022
Figure 25:
Import Prices, By Country, 2012–2022
Figure 26:
Exports, In Physical Terms, 2012–2022
Figure 27:
Exports, In Value Terms, 2012–2022
Figure 28:
Exports, In Physical Terms, By Country, 2022
Figure 29:
Exports, In Physical Terms, By Country, 2012–2022
Figure 30:
Exports, In Value Terms, By Country, 2012–2022
Figure 31:
Export Prices, 2012–2022
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