MERCOSUR: Synthetic Rubber Market 2024

Synthetic Rubber Market Size in MERCOSUR

In 2023, after two years of growth, there was significant decline in the MERCOSUR synthetic rubber market, when its value decreased by X% to $X. Over the period under review, consumption continues to indicate a deep contraction. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2023, consumption stood at a somewhat lower figure.

Synthetic Rubber Production in MERCOSUR

In value terms, synthetic rubber production rose to $X in 2023 estimated in export price. Over the period under review, production, however, continues to indicate a deep slump. The most prominent rate of growth was recorded in 2017 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2023, production failed to regain momentum.

Synthetic Rubber Exports

Exports in MERCOSUR

In 2023, after three years of growth, there was significant decline in shipments abroad of synthetic rubber, when their volume decreased by X% to X tons. Over the period under review, exports saw a noticeable downturn. The pace of growth appeared the most rapid in 2020 when exports increased by X%. The volume of export peaked at X tons in 2012; however, from 2013 to 2023, the exports stood at a somewhat lower figure.

In value terms, synthetic rubber exports fell remarkably to $X in 2023. In general, exports saw a deep slump. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2023, the exports remained at a lower figure.

Exports by Country

In 2023, Brazil (X tons) represented the key exporter of synthetic rubber, committing X% of total exports. It was distantly followed by Argentina (X tons), committing a X% share of total exports.

From 2012 to 2023, average annual rates of growth with regard to synthetic rubber exports from Brazil stood at X%. Argentina (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Argentina increased by X percentage points.

In value terms, Brazil ($X) remains the largest synthetic rubber supplier in MERCOSUR, comprising X% of total exports. The second position in the ranking was held by Argentina ($X), with a X% share of total exports.

From 2012 to 2023, the average annual growth rate of value in Brazil totaled X%.

Export Prices by Country

In 2023, the export price in MERCOSUR amounted to $X per ton, with a decrease of X% against the previous year. Over the period under review, the export price recorded a perceptible shrinkage. The pace of growth appeared the most rapid in 2021 an increase of X% against the previous year. Over the period under review, the export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2023, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Brazil ($X per ton), while Argentina totaled $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Brazil (X%).

Synthetic Rubber Imports

Imports in MERCOSUR

In 2023, overseas purchases of synthetic rubber decreased by X% to X tons, falling for the second year in a row after two years of growth. Overall, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of X%. The volume of import peaked at X tons in 2021; however, from 2022 to 2023, imports remained at a lower figure.

In value terms, synthetic rubber imports shrank dramatically to $X in 2023. Over the period under review, imports continue to indicate a perceptible shrinkage. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2023, imports failed to regain momentum.

Imports by Country

Brazil represented the key importing country with an import of around X tons, which accounted for X% of total imports. It was distantly followed by Chile (X tons), Argentina (X tons) and Colombia (X tons), together committing a X% share of total imports. Peru (X tons) and Ecuador (X tons) followed a long way behind the leaders.

Imports into Brazil increased at an average annual rate of X% from 2012 to 2023. At the same time, Chile (X%) and Colombia (X%) displayed positive paces of growth. Moreover, Chile emerged as the fastest-growing importer imported in MERCOSUR, with a CAGR of X% from 2012-2023. Ecuador experienced a relatively flat trend pattern. By contrast, Argentina (X%) and Peru (X%) illustrated a downward trend over the same period. Brazil (X p.p.) and Chile (X p.p.) significantly strengthened its position in terms of the total imports, while Peru saw its share reduced by X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) constitutes the largest market for imported synthetic rubber in MERCOSUR, comprising X% of total imports. The second position in the ranking was taken by Argentina ($X), with an X% share of total imports. It was followed by Colombia, with a X% share.

In Brazil, synthetic rubber imports plunged by an average annual rate of X% over the period from 2012-2023. The remaining importing countries recorded the following average annual rates of imports growth: Argentina (X% per year) and Colombia (X% per year).

Import Prices by Country

In 2023, the import price in MERCOSUR amounted to $X per ton, declining by X% against the previous year. Over the period under review, the import price showed a perceptible reduction. The most prominent rate of growth was recorded in 2017 when the import price increased by X%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2023, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Argentina ($X per ton), while Chile ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Peru (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform