U.S.: Overview of the Market for Natural Rubber And Gums 2021

Market Size for Natural Rubber And Gums in the U.S.

The U.S. natural rubber and gum market reduced modestly to $X in 2019, falling by -X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, continues to indicate a deep downturn. The pace of growth appeared the most rapid in 2017 with an increase of X% y-o-y. Over the period under review, the market reached the peak level at $X in 2008; however, from 2009 to 2019, consumption remained at a lower figure.

Exports of Natural Rubber And Gums

Exports from the U.S.

After three years of decline, overseas shipments of natural rubber and gums increased by X% to X tonnes in 2019. In general, exports, however, recorded a abrupt decline. The pace of growth was the most pronounced in 2010 when exports increased by X% year-to-year. Over the period under review, exports reached the maximum at X tonnes in 2007; however, from 2008 to 2019, exports remained at a lower figure.

In value terms, natural rubber and gum exports shrank markedly to $X in 2019. Overall, exports, however, continue to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2010 with an increase of X% year-to-year. Exports peaked at $X in 2007; however, from 2008 to 2019, exports remained at a lower figure.

Exports by Country

Canada (X tonnes) was the main destination for natural rubber and gum exports from the U.S., accounting for a X% share of total exports. Moreover, natural rubber and gum exports to Canada exceeded the volume sent to the second major destination, Mexico (X tonnes), threefold. The third position in this ranking was occupied by China (X tonnes), with a X% share.

From 2007 to 2019, the average annual growth rate of volume to Canada stood at -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (+X% per year) and China (-X% per year).

In value terms, the largest markets for natural rubber and gum exported from the U.S. were Mexico ($X), Canada ($X) and Hong Kong SAR ($X), with a combined X% share of total exports. The UK, Germany, China, South Africa, the Netherlands and Chile lagged somewhat behind, together accounting for a further X Africa recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average natural rubber and gum export price stood at $X per tonne in 2019, dropping by -X% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2010 an increase of X% against the previous year. Over the period under review, average export prices reached the maximum at $X per tonne in 2011; however, from 2012 to 2019, export prices remained at a lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Hong Kong SAR ($X per tonne), while the average price for exports to Canada ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Chile, while the prices for the other major destinations experienced mixed trend patterns.

Imports of Natural Rubber And Gums

Imports into the U.S.

In 2019, imports of natural rubber and gums into the U.S. rose significantly to X tonnes, increasing by X% on the previous year. In general, imports, however, showed a abrupt descent. The most prominent rate of growth was recorded in 2017 with an increase of X% y-o-y. Imports peaked at X tonnes in 2008; however, from 2009 to 2019, imports failed to regain the momentum.

In value terms, natural rubber and gum imports fell to $X in 2019. Over the period under review, imports, however, continue to indicate a abrupt decrease. The pace of growth appeared the most rapid in 2017 with an increase of X% year-to-year. Over the period under review, imports reached the peak figure at $X in 2008; however, from 2009 to 2019, imports remained at a lower figure.

Imports by Country

Thailand (X tonnes), Cameroon (X tonnes) and Viet Nam (X tonnes) were the main suppliers of natural rubber and gum imports to the U.S., together accounting for X% of total imports. These countries were followed by Guatemala and Malaysia, which together accounted for a further X 2007 to 2019, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Guatemala, while imports for the other leaders experienced more modest paces of growth.

In value terms, Thailand ($X), Malaysia ($X) and Guatemala ($X) appeared to be the largest natural rubber and gum suppliers to the U.S., with a combined X% share of total imports.

Guatemala recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2019, the average natural rubber and gum import price amounted to $X per tonne, dropping by -X% against the previous year. In general, the import price showed a noticeable downturn. The pace of growth was the most pronounced in 2010 when the average import price increased by X% against the previous year. The import price peaked at $X per tonne in 2011; however, from 2012 to 2019, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Malaysia ($X per tonne), while the price for Cameroon ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Malaysia, while the prices for the other major suppliers experienced a decline.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for natural rubber and gums in the world?

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The countries with the highest volumes of natural rubber and gum consumption in 2019 were Thailand (4M tonnes), Indonesia (3.7M tonnes) and China (1.4M tonnes), together accounting for 62% of global consumption. Viet Nam, Malaysia, India and Cote d'Ivoire lagged somewhat behind, together comprising a further 25%.

What are the largest producers of natural rubber and gums in the world?

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The countries with the highest volumes of natural rubber and gum production in 2019 were Thailand (4.9M tonnes), Indonesia (3.7M tonnes) and Viet Nam (1.2M tonnes), together accounting for 67% of global production. India, China, Malaysia and Cote d'Ivoire lagged somewhat behind, together comprising a further 21%.

What are the leading suppliers of natural rubber and gums to the U.S.?

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In value terms, Thailand ($15M), Malaysia ($9.3M) and Guatemala ($9.2M) were the largest natural rubber and gum suppliers to the U.S., together comprising 63% of total imports.

What are the leading importers of natural rubber and gums from the U.S.?

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In value terms, Mexico ($2.1M), Canada ($1.6M) and Hong Kong SAR ($866K) appeared to be the largest markets for natural rubber and gum exported from the U.S. worldwide, with a combined 41% share of total exports. These countries were followed by the UK, Germany, China, South Africa, the Netherlands and Chile, which together accounted for a further 33%.

What is the average export price for natural rubber and gums in the U.S.?

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The average natural rubber and gum export price stood at $2,264 per tonne in 2019, waning by -20.9% against the previous year.

What is the average import price for natural rubber and gums in the U.S.?

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The average natural rubber and gum import price stood at $1,115 per tonne in 2019, waning by -12.9% against the previous year.