MERCOSUR: Synthetic Rubber Market 2024

Synthetic Rubber Market Size in MERCOSUR

In 2022, the MERCOSUR synthetic rubber market increased by X% to $X, rising for the second year in a row after two years of decline. In general, consumption continues to indicate a perceptible shrinkage. Over the period under review, the market reached the peak level at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Synthetic Rubber Production in MERCOSUR

In value terms, synthetic rubber production reduced to $X in 2022 estimated in export price. Overall, production, however, saw a deep slump. The pace of growth was the most pronounced in 2017 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Synthetic Rubber Exports

Exports in MERCOSUR

In 2022, overseas shipments of synthetic rubber increased by X% to X tons, rising for the third year in a row after two years of decline. Over the period under review, exports, however, recorded a noticeable setback. The pace of growth appeared the most rapid in 2020 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, synthetic rubber exports skyrocketed to $X in 2022. Overall, exports, however, recorded a abrupt downturn. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, Brazil (X tons) represented the major exporter of synthetic rubber, constituting X% of total exports. It was distantly followed by Argentina (X tons), constituting a X% share of total exports.

Exports from Brazil decreased at an average annual rate of X% from 2012 to 2022. At the same time, Argentina (X%) displayed positive paces of growth. Moreover, Argentina emerged as the fastest-growing exporter exported in MERCOSUR, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of Argentina increased by X percentage points.

In value terms, Brazil ($X) remains the largest synthetic rubber supplier in MERCOSUR, comprising X% of total exports. The second position in the ranking was taken by Argentina ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Brazil amounted to X%.

Export Prices by Country

In 2022, the export price in MERCOSUR amounted to $X per ton, growing by X% against the previous year. Overall, the export price, however, saw a pronounced curtailment. The most prominent rate of growth was recorded in 2021 an increase of X%. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

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 stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (X%).

Synthetic Rubber Imports

Imports in MERCOSUR

In 2022, supplies from abroad of synthetic rubber decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. The total import volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2021, and then contracted modestly in the following year.

In value terms, synthetic rubber imports skyrocketed to $X in 2022. Over the period under review, imports showed a slight downturn. The pace of growth appeared the most rapid in 2021 with an increase of X%. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Brazil dominates imports structure, recording X tons, which was approx. X% of total imports in 2022. It was distantly followed by Argentina (X tons), Chile (X tons) and Colombia (X tons), together mixing up a X% share of total imports. Peru (X tons) and Ecuador (X tons) held a relatively small share of total imports.

Brazil was also the fastest-growing in terms of the synthetic rubber imports, with a CAGR of X% from 2012 to 2022. At the same time, Chile (X%) and Colombia (X%) displayed positive paces of growth. By contrast, Ecuador (X%), Argentina (X%) and Peru (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Brazil increased by X percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) constitutes the largest market for imported synthetic rubber in MERCOSUR, comprising X% of total imports. The second position in the ranking was held by Argentina ($X), with an X% share of total imports. It was followed by Chile, with a X% share.

In Brazil, synthetic 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: Argentina (X% per year) and Chile (X% per year).

Import Prices by Country

The import price in MERCOSUR stood at $X per ton in 2022, jumping by X% against the previous year. In general, the import price, however, saw a noticeable descent. The growth pace was the most rapid in 2017 when the import price increased by X%. Over the period under review, import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Ecuador ($X per ton) and Colombia ($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 Ecuador (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :