U.S.: Market for Synthetic Rubber (Excluding Latex) 2024

Market Size for Synthetic Rubber (Excluding Latex) in the U.S.

The U.S. synthetic rubber (excluding latex) market contracted to $X in 2022, falling by X% against the previous year. Over the period under review, consumption saw a perceptible reduction. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Production of Synthetic Rubber (Excluding Latex) in the U.S.

In value terms, synthetic rubber (excluding latex) production shrank to $X in 2022. Overall, production saw a drastic downturn. The pace of growth was the most pronounced in 2017 with an increase of X%. Synthetic rubber (excluding latex) production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

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Exports of Synthetic Rubber (Excluding Latex)

Exports from the U.S.

Synthetic rubber (excluding latex) exports from the United States reduced to X tons in 2022, with a decrease of X% on the previous year. In general, exports recorded a pronounced decrease. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. The exports peaked at X tons in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, synthetic rubber (excluding latex) exports surged to $X in 2022. Over the period under review, exports showed a perceptible setback. The pace of growth appeared the most rapid in 2021 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Mexico (X tons), Belgium (X tons) and Canada (X tons) were the main destinations of synthetic rubber (excluding latex) exports from the United States, together comprising X% of total exports. Brazil, Singapore, China, the Netherlands, the UK, Japan, India, Chile, Thailand and Luxembourg lagged somewhat behind, together comprising a further X%.

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

In value terms, Mexico ($X), Canada ($X) and Belgium ($X) constituted the largest markets for synthetic rubber (excluding latex) exported from the United States worldwide, together comprising X% of total exports. Brazil, Japan, China, the Netherlands, Singapore, the UK, India, Thailand, Chile and Luxembourg lagged somewhat behind, together accounting for a further X%.

Singapore, with a CAGR of X%, saw the highest rates of growth with regard to 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

In 2022, the average synthetic rubber (excluding latex) export price amounted to $X per ton, rising by X% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of X%. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($X per ton), while the average price for exports to Luxembourg ($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 Japan (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Synthetic Rubber (Excluding Latex)

Imports into the U.S.

In 2022, the amount of synthetic rubber (excluding latex) imported into the United States expanded to X tons, increasing by X% on the year before. The total import volume increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2014 with an increase of X%. Over the period under review, imports hit record highs at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, synthetic rubber (excluding latex) imports soared to $X in 2022. Overall, imports, however, recorded a slight downturn. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

South Korea (X tons), Japan (X tons) and Germany (X tons) were the main suppliers of synthetic rubber (excluding latex) imports to the United States, together accounting for X% of total imports. France, Mexico, Taiwan (Chinese), Russia, Canada, Saudi Arabia, Singapore, China, the Czech Republic and Brazil lagged somewhat behind, together accounting for a further X%.

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

In value terms, South Korea ($X), Japan ($X) and Germany ($X) constituted the largest synthetic rubber (excluding latex) suppliers to the United States, together accounting for X% of total imports. Mexico, France, Taiwan (Chinese), Canada, Russia, Singapore, Saudi Arabia, Brazil, China and the Czech Republic lagged somewhat behind, together comprising a further X%.

Singapore, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average synthetic rubber (excluding latex) import price stood at $X per ton in 2022, rising by X% against the previous year. Overall, the import price, however, showed a noticeable shrinkage. 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 remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Japan ($X per ton), while the price for Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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