U.S. - Synthetic Rubber - Market Analysis, Forecast, Size, Trends And Insights
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View PricingSynthetic Rubber Price in the United States - 2023
Contents:
- Synthetic Rubber Price in the United States (FOB) - 2023
- Synthetic Rubber Price in the United States (CIF) - 2023
- Synthetic Rubber Exports in the United States
- Synthetic Rubber Imports in the United States
Synthetic Rubber Price in the United States (FOB) - 2023
The average synthetic rubber export price stood at $2,560 per ton in August 2023, shrinking by -6.4% against the previous month. In general, the export price showed a mild setback. The most prominent rate of growth was recorded in March 2023 when the average export price increased by 5.6% against the previous month. Over the period under review, the average export prices hit record highs at $3,322 per ton in October 2022; however, from November 2022 to August 2023, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major external markets. In August 2023, the country with the highest price was Japan ($5,646 per ton), while the average price for exports to Turkey ($1,604 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Brazil (-0.4%), while the prices for the other major destinations experienced a decline.
Synthetic Rubber Price in the United States (CIF) - 2023
The average synthetic rubber import price stood at $2,366 per ton in August 2023, falling by -5.1% against the previous month. Over the period under review, the import price saw a mild shrinkage. The most prominent rate of growth was recorded in January 2023 an increase of 3.6% against the previous month. The import price peaked at $2,885 per ton in October 2022; however, from November 2022 to August 2023, import prices stood at a somewhat lower figure.
Average prices varied somewhat amongst the major supplying countries. In August 2023, the highest price was recorded for prices from France ($2,869 per ton) and the Netherlands ($2,840 per ton), while the price for Poland ($1,929 per ton) and Mexico ($2,049 per ton) were amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by France (+0.8%), while the prices for the other major suppliers experienced a decline.
Synthetic Rubber Exports in the United States
In 2022, exports of synthetic rubber from the United States reduced slightly to 941K tons, waning by -1.9% on 2021 figures. Over the period under review, exports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when exports increased by 4%. As a result, the exports attained the peak of 960K tons, and then dropped modestly in the following year.
In value terms, synthetic rubber exports shrank to $2.2B in 2022. Overall, exports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 33%. As a result, the exports attained the peak of $2.5B, and then shrank in the following year.
| Export of Synthetic Rubber in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
| Mexico | 320 | 264 | 429 | 15.8% | |
| Canada | 290 | 237 | 362 | 11.7% | |
| Belgium | 219 | 218 | 239 | 4.5% | |
| Brazil | 144 | 130 | 227 | 25.6% | |
| China | 203 | 180 | 141 | -16.7% | |
| Singapore | 126 | 108 | 109 | -7.0% | |
| Netherlands | 83.1 | 79.7 | 104 | 11.9% | |
| Japan | 95.8 | 75.2 | 97.6 | 0.9% | |
| India | 52.2 | 59.3 | 69.2 | 15.1% | |
| Thailand | 55.1 | 49.0 | 67.5 | 10.7% | |
| United Kingdom | 43.9 | 35.0 | 61.9 | 18.7% | |
| Taiwan (Chinese) | 38.9 | 47.1 | 53.1 | 16.8% | |
| Turkey | 23.4 | 23.7 | 34.0 | 20.5% | |
| Others | 526 | 382 | 515 | -1.1% | |
| Total | 2,220 | 1,889 | 2,508 | 6.3% | |
Top Export Markets for Synthetic Rubber from the United States in 2022:
- Canada (169.7K tons)
- Mexico (161.6K tons)
- Belgium (99.5K tons)
- Brazil (89.7K tons)
- Singapore (49.7K tons)
- China (46.5K tons)
- India (27.0K tons)
- Netherlands (26.4K tons)
- United Kingdom (26.4K tons)
- Thailand (24.7K tons)
- Japan (21.9K tons)
- Taiwan (Chinese) (19.2K tons)
- Turkey (18.3K tons)
Synthetic Rubber Imports in the United States
Synthetic rubber imports into the United States shrank to 608K tons in 2022, falling by -6% compared with the previous year. Over the period under review, imports recorded a noticeable shrinkage. The pace of growth appeared the most rapid in 2021 with an increase of 14%.
In value terms, synthetic rubber imports declined to $1.3B in 2022. Overall, imports showed a abrupt descent. The pace of growth appeared the most rapid in 2021 when imports increased by 35%.
| Import of Synthetic Rubber in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
| South Korea | 208 | 126 | 204 | -1.0% | |
| Japan | 256 | 168 | 196 | -12.5% | |
| Germany | 197 | 144 | 184 | -3.4% | |
| Mexico | 128 | 93.3 | 140 | 4.6% | |
| France | 128 | 97.1 | 122 | -2.4% | |
| Russia | 147 | 75.7 | 114 | -11.9% | |
| Taiwan (Chinese) | 100 | 65.1 | 88.7 | -5.8% | |
| Canada | 94.3 | 66.1 | 74.1 | -11.4% | |
| Spain | 46.2 | 29.1 | 44.8 | -1.5% | |
| Belgium | 36.0 | 28.6 | 33.9 | -3.0% | |
| Italy | 31.0 | 23.8 | 33.0 | 3.2% | |
| Brazil | 21.1 | 19.8 | 32.3 | 23.7% | |
| Czech Republic | 38.9 | 21.5 | 31.5 | -10.0% | |
| Others | 170 | 127 | 162 | -2.4% | |
| Total | 1,602 | 1,085 | 1,460 | -4.5% | |
Top Suppliers of Synthetic Rubber to the United States in 2022:
- South Korea (97.3K tons)
- Japan (76.8K tons)
- Germany (75.4K tons)
- Russia (58.4K tons)
- Mexico (57.8K tons)
- France (52.1K tons)
- Taiwan (Chinese) (35.2K tons)
- Canada (34.6K tons)
- Spain (21.1K tons)
- Czech Republic (16.3K tons)
- Belgium (15.9K tons)
- Brazil (13.8K tons)
- Italy (12.8K tons)
This report provides an in-depth analysis of the synthetic rubber market in the U.S.. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 20171050 - Synthetic latex rubber
- Prodcom 20171090 - Synthetic rubber (excluding latex)
Country coverage:
- United States
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the U.S.
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
-
3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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In February 2023, the price of synthetic rubber was $2,802/ton (FOB, US), a decrease of -4.4% compared to the previous month.
438
After a 15%-drop in 2020, U.S. synthetic rubber exports surged to $2.5B in 2021.
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In 2016, the amount of synthetic rubber imported worldwide amounted to X tons, approximately mirroring the previous year level. The total import volume increased at an average annual rate of +X>
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In February 2023, the price of synthetic rubber was $2,802/ton (FOB, US), a decrease of -4.4% compared to the previous month.
438
After a 15%-drop in 2020, U.S. synthetic rubber exports surged to $2.5B in 2021.
1393
In 2016, the amount of synthetic rubber imported worldwide amounted to X tons, approximately mirroring the previous year level. The total import volume increased at an average annual rate of +X>
1348
In 2016, the amount of synthetic rubber imported worldwide amounted to X tons, approximately mirroring the previous year level. The total import volume increased at an average annual rate of +X>
