Liberia: Market for Natural Rubber And Gums 2019

Market Size for Natural Rubber And Gums in Liberia

The revenue of the natural rubber and gum market in Liberia amounted to $X in 2018, dropping by -X% against the previous year. Over the period under review, natural rubber and gum consumption, however, continues to indicate a strong increase. The most prominent rate of growth was recorded in 2010 when the market value increased by X% against the previous year. Liberia natural rubber and gum consumption peaked at $X in 2012; however, from 2013 to 2018, consumption failed to regain its momentum.

Production of Natural Rubber And Gums in Liberia

In value terms, natural rubber and gum production totaled $X in 2018 estimated in export prices. Overall, natural rubber and gum production continues to indicate a drastic decrease. The most prominent rate of growth was recorded in 2010 when production volume increased by X% y-o-y. Over the period under review, natural rubber and gum production attained its maximum level at $X in 2008; however, from 2009 to 2018, production failed to regain its momentum.

Average yield of natural rubber and gums in Liberia stood at X kg per ha in 2018, remaining stable against the previous year. In general, the natural rubber and gum yield continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2010 when yield increased by X% y-o-y. In that year, the natural rubber and gum yield reached its peak level of X kg per ha. From 2011 to 2018, the growth of the natural rubber and gum yield remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2018, the total area harvested in terms of natural rubber and gums production in Liberia stood at X ha, going down by -X% against the previous year. In general, the natural rubber and gum harvested area continues to indicate a mild setback. The most prominent rate of growth was recorded in 2012 when harvested area increased by X% against the previous year. Over the period under review, the harvested area dedicated to natural rubber and gum production attained its maximum at X ha in 2007; however, from 2008 to 2018, harvested area remained at a lower figure.

Exports of Natural Rubber And Gums

Exports from Liberia

In 2018, the exports of natural rubber and gums from Liberia totaled X tons, going down by -X% against the previous year. Over the period under review, natural rubber and gum exports continue to indicate a drastic contraction. The most prominent rate of growth was recorded in 2012 when exports decreased by -X% against the previous year. Liberia exports peaked at X tons in 2007; however, from 2008 to 2018, exports stood at a somewhat lower figure.

In value terms, natural rubber and gum exports totaled $X in 2018. In general, natural rubber and gum exports continue to indicate an abrupt deduction. The growth pace was the most rapid in 2008 with an increase of X% against the previous year. In that year, natural rubber and gum exports reached their peak of $X. From 2009 to 2018, the growth of natural rubber and gum exports failed to regain its momentum.

Exports by Country

Thailand dominates natural rubber and gum exports structure, amounting to X tons, which was near X% of total exports in 2018. Vietnam (X tons) took an X% share (based on tons) of total exports, which put it in second place, followed by Malaysia (X%). The following exporters - Guatemala (X tons), the Netherlands (X tons) and Belgium (X tons) - together made up X% of total exports.

Thailand experienced a relatively flat trend pattern of natural rubber and gums exports. At the same time, the Netherlands (+X%) and Guatemala (+X%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest-growing exporter in the world, with a CAGR of +X% from 2007-2018. Malaysia and Vietnam experienced a relatively flat trend pattern. By contrast, Belgium (-X%) illustrated a downward trend over the same period. From 2007 to 2018, the share of the Netherlands increased by +X% percentage points, while Belgium (-X p.p.) and Thailand (-X p.p.) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Thailand ($X) remains the largest natural rubber and gum supplier from Liberia, comprising X% of global exports. The second position in the ranking was occupied by Vietnam ($X), with a X% share of global exports. It was followed by Malaysia, with a X% share.

In Thailand, natural rubber and gum exports expanded at an average annual rate of +X% over the period from 2007-2018. The remaining exporting countries recorded the following average annual rates of exports growth: Vietnam (-X% per year) and Malaysia (-X% per year).

Export Prices by Country

In 2018, the natural rubber and gum export price in Liberia amounted to $X per ton, coming down by -X% against the previous year. Over the period under review, the natural rubber and gum export price continues to indicate a perceptible drop. The most prominent rate of growth was recorded in 2010 an increase of X% against the previous year. Liberia export price peaked at $X per ton in 2011; however, from 2012 to 2018, export prices failed to regain their momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2018, the country with the highest price was Thailand ($X per ton), while Belgium ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Thailand, while the other leaders experienced mixed trends in the export price figures.

Imports of Natural Rubber And Gums

Imports into Liberia

In 2018, the amount of natural rubber and gums imported into Liberia totaled X tons, rising by X% against the previous year. Overall, natural rubber and gum imports continue to indicate a prominent increase. The pace of growth appeared the most rapid in 2018 when imports increased by X% y-o-y. In that year, natural rubber and gum imports attained their peak and are likely to continue its growth in the immediate term.

In value terms, natural rubber and gum imports amounted to $X in 2018. Overall, natural rubber and gum imports continue to indicate a strong expansion. The growth pace was the most rapid in 2018 when imports increased by X% year-to-year. In that year, natural rubber and gum imports reached their peak and are likely to continue its growth in the immediate term.

Imports by Country

Malaysia (X tons) and China (X tons) prevails in natural rubber and gum imports structure, together generating X% of total imports. The U.S. (X tons), South Korea (X tons), Brazil (X tons), Belgium (X tons), Mexico (X tons) and Indonesia (X tons) took a little share of total imports.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Liberia, while the other leaders experienced more modest paces of growth.

In value terms, China ($X), Malaysia ($X) and the U.S. ($X) were the countries with the highest levels of imports in 2018, with a combined X% share of total imports. South Korea, Belgium, Brazil, Mexico, Indonesia and Liberia lagged somewhat behind, together accounting for a further X recorded the highest rates of growth with regard to imports, among the main importing countries over the last eleven years, while the other leaders experienced more modest paces of growth.

Import Prices by Country

The natural rubber and gum import price in Liberia stood at $X per ton in 2018, going down by -X% against the previous year. In general, the natural rubber and gum import price continues to indicate a mild deduction. The pace of growth was the most pronounced in 2017 when the import price increased by X% year-to-year. In that year, the import prices for natural rubber and gums attained their peak level of $X per ton, and then declined slightly in the following year.

Prices varied noticeably by the country of destination; the country with the highest price was Belgium ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by South Korea, while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform