U.S. - Synthetic Latex Rubber - Market Analysis, Forecast, Size, Trends And Insights
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View PricingUnited States Experiences 20% Drop in Synthetic Latex Rubber Exports, Falling to $131 Million in 2024
U.S. Synthetic Latex Rubber Exports
In 2024, approx. 81K tons of synthetic latex rubber were exported from the United States; falling by -14% against the previous year's figure. In general, exports showed a perceptible curtailment. The pace of growth appeared the most rapid in 2022 with an increase of 9.8%. Over the period under review, the exports hit record highs at 123K tons in 2017; however, from 2018 to 2024, the exports remained at a lower figure.
In value terms, synthetic latex rubber exports shrank remarkably to $131M (IndexBox estimates) in 2024. Over the period under review, exports recorded a noticeable curtailment. The growth pace was the most rapid in 2022 with an increase of 10%. Over the period under review, the exports hit record highs at $181M in 2014; however, from 2015 to 2024, the exports stood at a somewhat lower figure.
| COUNTRY | Export Value of Synthetic Latex Rubber in U.S. (million USD) | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
| Canada | 63.3 | 56.3 | 55.2 | 58.8 | 60.8 | 48.8 | 43.3 | 50.9 | 59.5 | 51.2 | 45.8 |
| Mexico | 27.5 | 15.1 | 14.4 | 14.5 | 16.5 | 16.4 | 12.5 | 20.4 | 24.2 | 19.7 | 15.9 |
| China | 14.8 | 25.2 | 22.1 | 25.6 | 30.4 | 17.8 | 21.6 | 14.3 | 18.2 | 15.5 | 9.4 |
| Brazil | 15.2 | 8.4 | 13.0 | 11.7 | 10.1 | 6.4 | 6.8 | 8.7 | 12.5 | 10.2 | 7.4 |
| Saudi Arabia | 11.3 | 12.6 | 20.3 | 14.8 | 12.3 | 15.8 | 15.6 | 10.5 | 6.7 | 12.8 | 6.9 |
| Belgium | 7.7 | 10.7 | 10.7 | 12.8 | 12.3 | 9.2 | 9.2 | 12.4 | 10.9 | 4.6 | 6.2 |
| India | 1.5 | 0.3 | 0.5 | 0.6 | 0.8 | 2.0 | 1.5 | 2.3 | 2.4 | 3.7 | 6.0 |
| Thailand | 1.9 | 2.1 | 2.3 | 2.4 | 3.3 | 2.9 | 3.2 | 4.1 | 6.2 | 3.3 | 5.6 |
| Others | 37.4 | 24.1 | 21.2 | 31.4 | 29.3 | 29.2 | 26.2 | 29.1 | 27.6 | 41.1 | 27.5 |
| Total | 181 | 155 | 160 | 173 | 176 | 148 | 140 | 153 | 168 | 162 | 131 |
Exports by Country
Canada (41K tons) was the main destination for synthetic latex rubber exports from the United States, with a 51% share of total exports. Moreover, synthetic latex rubber exports to Canada exceeded the volume sent to the second major destination, China (7.6K tons), fivefold. Mexico (7K tons) ranked third in terms of total exports with an 8.7% share.
From 2014 to 2024, the average annual rate of growth in terms of volume to Canada stood at -4.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (-1.6% per year) and Mexico (-6.0% per year).
In value terms, Canada ($46M) remains the key foreign market for synthetic latex rubber exports from the United States, comprising 35% of total exports. The second position in the ranking was taken by Mexico ($16M), with a 12% share of total exports. It was followed by China, with a 7.2% share.
From 2014 to 2024, the average annual growth rate of value to Canada totaled -3.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (-5.4% per year) and China (-4.4% per year).
Export Prices by Country
In 2024, the synthetic latex rubber price amounted to $1,612 per ton (FOB, US), with a decrease of -6.5% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2023 an increase of 11% against the previous year. As a result, the export price reached the peak level of $1,723 per ton, and then contracted in the following year.
There were significant differences in the average prices for the major overseas markets. In 2024, amid the top suppliers, the country with the highest price was Saudi Arabia ($4,099 per ton), while the average price for exports to Canada ($1,110 per ton) was amongst the lowest.
From 2014 to 2024, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (+3.3%), while the prices for the other major destinations experienced more modest paces of growth.
This report provides an in-depth analysis of the synthetic latex 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
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
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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 2012–2024
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2024
- 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 2024
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Per Capita Consumption In 2012-2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
- Trade Balance, In Physical Terms, 2012-2024
- Trade Balance, In Value Terms, 2012-2024
- Per Capita Consumption, 2012-2024
- 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, 2012–2024
- Production, In Value Terms, 2012–2024
- Imports, In Physical Terms, 2012–2024
- Imports, In Value Terms, 2012–2024
- Imports, In Physical Terms, By Country, 2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, 2012–2024
- Exports, In Value Terms, 2012–2024
- Exports, In Physical Terms, By Country, 2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
