U.S. - Natural Rubber And Gums - Market Analysis, Forecast, Size, Trends and Insights

U.S.: Overview of the Market for Natural Rubber And Gums 2019

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

The revenue of the natural rubber and gum market in the U.S. amounted to $X in 2018, standing approx. at 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, natural rubber and gum consumption, however, continues to indicate a deep reduction. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. Natural rubber and gum consumption peaked at $X in 2008; however, from 2009 to 2018, consumption remained at a lower figure.

Exports of Natural Rubber And Gums

Exports from the U.S.

In 2018, the amount of natural rubber and gums exported from the U.S. stood at X tonnes, reducing by -X% against the previous year. Over the period under review, natural rubber and gum exports continue to indicate an abrupt curtailment. The most prominent rate of growth was recorded in 2010 with an increase of X% year-to-year. Exports peaked at X tonnes in 2011; however, from 2012 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 a drastic setback. The pace of growth was the most pronounced in 2010 with an increase of X% y-o-y. Over the period under review, natural rubber and gum exports attained their maximum at $X in 2007; however, from 2008 to 2018, exports stood at a somewhat lower figure.

Exports by Country

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

From 2007 to 2018, the average annual rate of growth in terms of volume to Canada amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: China, Hong Kong SAR (-X% per year) and Mexico (-X% per year).

In value terms, Canada ($X) remains the key foreign market for natural rubber and gum exports from the U.S., comprising X% of total natural rubber and gum exports. The second position in the ranking was occupied by Mexico ($X), with a X% share of total exports. It was followed by China, Hong Kong SAR, with a X% share.

From 2007 to 2018, the average annual growth rate of value to Canada totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (+X% per year) and China, Hong Kong SAR (-X% per year).

Export Prices by Country

The average natural rubber and gum export price stood at $X per tonne in 2018, picking up by X% against the previous year. In general, the natural rubber and gum export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2012 an increase of X% against the previous year. The export price peaked in 2018 and is likely to see steady growth in the near future.

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

From 2007 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to Thailand, while the prices for the other major destinations experienced more modest paces of growth.

Imports of Natural Rubber And Gums

Imports into the U.S.

In 2018, the amount of natural rubber and gums imported into the U.S. totaled X tonnes, going up by X% against the previous year. Overall, natural rubber and gum imports, however, continue to indicate a deep descent. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. Over the period under review, natural rubber and gum imports attained their peak figure at X tonnes in 2008; however, from 2009 to 2018, imports remained at a lower figure.

In value terms, natural rubber and gum imports amounted to $X in 2018. Overall, natural rubber and gum imports, however, continue to indicate a deep descent. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Imports peaked at $X in 2008; however, from 2009 to 2018, imports failed to regain their momentum.

Imports by Country

In 2018, Thailand (X tonnes) constituted the largest supplier of natural rubber and gum to the U.S., accounting for a X% share of total imports. Moreover, natural rubber and gum imports from Thailand exceeded the figures recorded by the second-largest supplier, Viet Nam (X tonnes), twofold. The third position in this ranking was occupied by Liberia (X tonnes), with a X% share.

From 2007 to 2018, the average annual growth rate of volume from Thailand amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Viet Nam (-X% per year) and Liberia (-X% per year).

In value terms, Thailand ($X), Viet Nam ($X) and Guatemala ($X) constituted the largest natural rubber and gum suppliers to the U.S., together accounting for X% of total imports.

In terms of the main suppliers, Guatemala experienced the highest growth rate of imports, over the last eleven years, while the other leaders experienced mixed trend patterns.

Import Prices by Country

The average natural rubber and gum import price stood at $X per tonne in 2018, declining by -X% against the previous year. In general, the natural rubber and gum import price continues to indicate a drastic slump. The most prominent rate of growth was recorded in 2010 an increase of X% against the previous year. The import price peaked at $X per tonne in 2011; however, from 2012 to 2018, import prices failed to regain their momentum.

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 2018, 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