U.S.: Synthetic Latex Rubber Market 2024

Synthetic Latex Rubber Market Size in the U.S.

The U.S. synthetic latex rubber market was estimated at $X in 2022, remaining constant against the previous year. Over the period under review, the total consumption indicated a buoyant 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. Over the period under review, the market hit record highs in 2022 and is likely to see steady growth in the immediate term.

Synthetic Latex Rubber Production in the U.S.

In value terms, synthetic latex rubber production totaled $X in 2022. Over the period under review, the total production indicated a remarkable 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, production decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2018 when the production volume increased by X% against the previous year. 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 from the U.S.

In 2022, overseas shipments of synthetic latex rubber were finally on the rise to reach X tons after four years of decline. In general, exports, however, recorded a pronounced reduction. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, synthetic latex rubber exports rose rapidly to $X in 2022. Overall, exports, however, continue to indicate a slight shrinkage. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Canada (X tons) was the main destination for synthetic latex rubber exports from the United States, with a X% share of total exports. Moreover, synthetic latex rubber exports to Canada exceeded the volume sent to the second major destination, China (X tons), sixfold. Mexico (X tons) ranked third in terms of total exports with an X% share.

From 2012 to 2022, the average annual growth rate of volume to Canada amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (X% per year) and Mexico (X% per year).

In value terms, Canada ($X) remains the key foreign market for synthetic latex rubber exports from the United States, comprising X% of total exports. The second position in the ranking was taken by Mexico ($X), with a X% share of total exports. It was followed by China, with an X% share.

From 2012 to 2022, the average annual growth rate of value to Canada amounted to 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).

Export Prices by Country

In 2022, the average synthetic latex rubber export price amounted to $X per ton, approximately reflecting the previous year. Overall, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Mexico ($X per ton), while the average price for exports to Canada ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Canada (X%), while the prices for the other major destinations experienced a decline.

Synthetic Latex Rubber Imports

Imports into the U.S.

In 2022, supplies from abroad of synthetic latex rubber increased by X% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, imports recorded a resilient expansion. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are likely to see gradual growth in years to come.

In value terms, synthetic latex rubber imports skyrocketed to $X in 2022. Overall, imports saw strong growth. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

South Korea (X tons), Germany (X tons) and Japan (X tons) were the main suppliers of synthetic latex rubber imports to the United States, with a combined X% share of total imports. France, Italy, Brazil, Taiwan (Chinese), Malaysia and China lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for France (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest synthetic latex rubber suppliers to the United States were South Korea ($X), Germany ($X) and Japan ($X), with a combined X% share of total imports. France, Italy, Taiwan (Chinese), Brazil, Malaysia and China lagged somewhat behind, together comprising a further X%.

France, with a CAGR of X%, recorded the highest growth rate of 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 2022, the average synthetic latex rubber import price amounted to $X per ton, growing by X% against the previous year. In general, the import price, however, recorded a perceptible contraction. Over the period under review, average import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Taiwan (Chinese) ($X per ton), while the price for Japan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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