MERCOSUR: Market for Tubes, Pipes And Hoses Of Vulcanized Rubber 2024

Market Size for Tubes, Pipes And Hoses Of Vulcanized Rubber in MERCOSUR

After two years of growth, the MERCOSUR rubber tube and pipe market decreased by X% to $X in 2023. Over the period under review, consumption recorded a relatively flat trend pattern. The level of consumption peaked at $X in 2022, and then dropped in the following year.

Production of Tubes, Pipes And Hoses Of Vulcanized Rubber in MERCOSUR

In value terms, rubber tube and pipe production shrank modestly to $X in 2023 estimated in export price. Overall, production, however, recorded a abrupt shrinkage. The growth pace was the most rapid in 2022 with an increase of X% against the previous year. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2023, production stood at a somewhat lower figure.

Exports of Tubes, Pipes And Hoses Of Vulcanized Rubber

Exports in MERCOSUR

In 2023, shipments abroad of tubes, pipes and hoses of vulcanized rubber increased by X% to X tons, rising for the third consecutive year after two years of decline. Over the period under review, exports, however, recorded a mild decline. The most prominent rate of growth was recorded in 2018 with an increase of X%. As a result, the exports reached the peak of X tons. From 2019 to 2023, the growth of the exports failed to regain momentum.

In value terms, rubber tube and pipe exports soared to $X in 2023. In general, exports, however, recorded a perceptible slump. The most prominent rate of growth was recorded in 2018 when exports increased by X%. The level of export peaked at $X in 2012; however, from 2013 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

Brazil represented the major exporter of tubes, pipes and hoses of vulcanized rubber in MERCOSUR, with the volume of exports accounting for X tons, which was approx. X% of total exports in 2023. It was distantly followed by Argentina (X tons) and Peru (X tons), together creating a X% share of total exports. The following exporters - Colombia (X tons) and Chile (X tons) - each amounted to a X% share of total exports.

Brazil experienced a relatively flat trend pattern with regard to volume of exports of tubes, pipes and hoses of vulcanized rubber. At the same time, Peru (X%) and Colombia (X%) displayed positive paces of growth. Moreover, Peru emerged as the fastest-growing exporter exported in MERCOSUR, with a CAGR of X% from 2012-2023. By contrast, Argentina (X%) and Chile (X%) illustrated a downward trend over the same period. While the share of Brazil (X p.p.) and Peru (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of Chile (X p.p.) and Argentina (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) remains the largest rubber tube and pipe supplier in MERCOSUR, comprising X% of total exports. The second position in the ranking was held by Argentina ($X), with a X% share of total exports. It was followed by Peru, with a X% share.

In Brazil, rubber tube and pipe exports shrank by an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Argentina (X% per year) and Peru (X% per year).

Export Prices by Country

The export price in MERCOSUR stood at $X per ton in 2023, picking up by X% against the previous year. Overall, the export price, however, recorded a mild decline. The growth pace was the most rapid in 2019 when the export price increased by X% against the previous year. The level of export peaked at $X per ton in 2014; however, from 2015 to 2023, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Chile ($X per ton), while Peru ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Chile (X%), while the other leaders experienced mixed trends in the export price figures.

Imports of Tubes, Pipes And Hoses Of Vulcanized Rubber

Imports in MERCOSUR

After two years of growth, overseas purchases of tubes, pipes and hoses of vulcanized rubber decreased by X% to X tons in 2023. Total imports indicated a temperate increase from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of X%. The volume of import peaked at X tons in 2022, and then shrank in the following year.

In value terms, rubber tube and pipe imports dropped to $X in 2023. Total imports indicated slight growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at $X in 2022, and then shrank in the following year.

Imports by Country

In 2023, Brazil (X tons) was the key importer of tubes, pipes and hoses of vulcanized rubber, comprising X% of total imports. Argentina (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Peru (X%), Colombia (X%) and Chile (X%). Ecuador (X tons) and Suriname (X tons) followed a long way behind the leaders.

From 2012 to 2023, average annual rates of growth with regard to rubber tube and pipe imports into Brazil stood at X%. At the same time, Suriname (X%), Peru (X%), Argentina (X%), Colombia (X%), Chile (X%) and Ecuador (X%) displayed positive paces of growth. Moreover, Suriname emerged as the fastest-growing importer imported in MERCOSUR, with a CAGR of X% from 2012-2023. While the share of Brazil (X p.p.) and Suriname (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

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

In Brazil, rubber tube and pipe imports expanded at an average annual rate of X% over the period from 2012-2023. The remaining importing countries recorded the following average annual rates of imports growth: Argentina (X% per year) and Chile (X% per year).

Import Prices by Country

In 2023, the import price in MERCOSUR amounted to $X per ton, increasing by X% against the previous year. In general, the import price, however, showed a slight curtailment. The growth pace was the most rapid in 2022 when the import price increased by X%. Over the period under review, import prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2023, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Chile ($X per ton), while Suriname ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Peru (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform