Brazil: Market for Natural Rubber And Gums 2024

Market Size for Natural Rubber And Gums in Brazil

The Brazilian natural rubber and gum market reached $X in 2022, standing approx. at the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs in 2022 and is likely to see steady growth in the near future.

Production of Natural Rubber And Gums in Brazil

In value terms, natural rubber and gum production declined to $X in 2022 estimated in export price. Over the period under review, production saw a remarkable increase. The most prominent rate of growth was recorded in 2014 when the production volume increased by X% against the previous year. Over the period under review, production attained the maximum level at $X in 2017; however, from 2018 to 2022, production stood at a somewhat lower figure.

In 2022, the average natural rubber and gum yield in Brazil reached X tons per ha, almost unchanged from 2021 figures. In general, the yield recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 with an increase of X%. Over the period under review, the average natural rubber and gum yield attained the peak level at X tons per ha in 2020; afterwards, it flattened through to 2022. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the total area harvested in terms of natural rubber and gums production in Brazil rose to X ha, growing by X% against the previous year's figure. The harvested area increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, the harvested area dedicated to natural rubber and gum production reached the peak figure in 2022 and is expected to retain growth in the immediate term.

Exports of Natural Rubber And Gums

Exports from Brazil

In 2022, the amount of natural rubber and gums exported from Brazil skyrocketed to X tons, rising by X% compared with the year before. Overall, exports posted a notable expansion. The pace of growth was the most pronounced in 2020 when exports increased by X%. The exports peaked at X tons in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, natural rubber and gum exports dropped slightly to $X in 2022. In general, exports posted a buoyant expansion. The most prominent rate of growth was recorded in 2014 with an increase of X%. Over the period under review, the exports reached the maximum at $X in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

Exports by Country

Bolivia (X tons) was the main destination for natural rubber and gum exports from Brazil, with a X% share of total exports. Moreover, natural rubber and gum exports to Bolivia exceeded the volume sent to the second major destination, Uruguay (X kg), more than tenfold. The United States (X kg) ranked third in terms of total exports with a X% share.

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

In value terms, Bolivia ($X) emerged as the key foreign market for natural rubber and gums exports from Brazil, comprising X% of total exports. The second position in the ranking was taken by the United States ($X), with a X% share of total exports. It was followed by Colombia, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Bolivia amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and Colombia (X% per year).

Export Prices by Country

In 2022, the average natural rubber and gum export price amounted to $X per ton, with a decrease of X% against the previous year. In general, the export price, however, recorded a moderate expansion. The growth pace was the most rapid in 2014 when the average export price increased by X%. As a result, the export price attained the peak level of $X per ton. From 2015 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Colombia ($X per ton), while the average price for exports to Bolivia ($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 Colombia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Natural Rubber And Gums

Imports into Brazil

In 2022, overseas purchases of natural rubber and gums decreased by X% to X tons for the first time since 2016, thus ending a five-year rising trend. The total import volume increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of X%. As a result, imports reached the peak of X tons, and then shrank in the following year.

In value terms, natural rubber and gum imports dropped to $X in 2022. Overall, imports recorded a slight slump. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Thailand (X tons), Vietnam (X tons) and Guatemala (X tons) were the main suppliers of natural rubber and gum imports to Brazil, together comprising X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Vietnam (with a CAGR of X%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the largest natural rubber and gum suppliers to Brazil were Thailand ($X), Vietnam ($X) and Guatemala ($X), together accounting for X% of total imports.

Vietnam, with a CAGR of X%, saw 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 mixed trend patterns.

Import Prices by Country

In 2022, the average natural rubber and gum import price amounted to $X per ton, approximately mirroring the previous year. Over the period under review, the import price, however, showed a perceptible setback. The most prominent rate of growth was recorded in 2021 when the average import price increased by X%. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Thailand ($X per ton) and Malaysia ($X per ton), while the price for Indonesia ($X per ton) and Guatemala ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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