Northern America: Synthetic Latex Rubber Market 2024

Synthetic Latex Rubber Market Size in Northern America

The North American synthetic latex rubber market amounted to $X in 2022, with an increase of X% against the previous year. The total consumption indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2012 indices. The level of consumption peaked in 2022 and is likely to continue growth in the immediate term.

Synthetic Latex Rubber Production in Northern America

In value terms, synthetic latex rubber production reached $X in 2022 estimated in export price. The total production indicated strong growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2020 indices. The growth pace was the most rapid in 2018 with an increase of X%. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

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Synthetic Latex Rubber Exports

Exports in Northern America

After four years of decline, overseas shipments of synthetic latex rubber increased by X% to X tons in 2022. Over the period under review, exports, however, continue to indicate a pronounced reduction. The volume of export peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, synthetic latex rubber exports expanded remarkably to $X in 2022. Overall, exports, however, saw a mild decline. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The biggest shipments were from the United States (X tons), together reaching X% of total export.

The United States was also the fastest-growing in terms of the synthetic latex rubber exports, with a CAGR of X% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) also remains the largest synthetic latex rubber supplier in Northern America.

From 2012 to 2022, the average annual rate of growth in terms of value in the United States totaled X%.

Export Prices by Country

In 2022, the export price in Northern America amounted to $X per ton, leveling off at the previous year. In general, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of X%. The level of export peaked in 2022 and is expected to retain growth in the near future.

As there is only one major export destination, the average price level is determined by prices for the United States.

From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to X% per year.

Synthetic Latex Rubber Imports

Imports in Northern America

In 2022, overseas purchases of synthetic latex rubber increased by X% 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 X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. The volume of import peaked in 2022 and is expected to retain growth in the immediate term.

In value terms, synthetic latex rubber imports surged to $X in 2022. Total imports indicated noticeable growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.

Imports by Country

The United States represented the largest importer of synthetic latex rubber in Northern America, with the volume of imports reaching X tons, which was approx. X% of total imports in 2022. It was distantly followed by Canada (X tons), committing a X% share of total imports.

The United States was also the fastest-growing in terms of the synthetic latex rubber imports, with a CAGR of X% from 2012 to 2022. Canada (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of the United States increased by X percentage points.

In value terms, the United States ($X) constitutes the largest market for imported synthetic latex rubber in Northern America, comprising X% of total imports. The second position in the ranking was taken by Canada ($X), with a X% share of total imports.

In the United States, synthetic latex rubber imports expanded at an average annual rate of X% over the period from 2012-2022.

Import Prices by Country

In 2022, the import price in Northern America amounted to $X per ton, growing by X% against the previous year. In general, the import price, however, recorded a mild downturn. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while Canada amounted to $X per ton.

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

Source: IndexBox Platform

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