Argentina: Vulcanised Rubber Seal Market 2024

Vulcanised Rubber Seal Market Size in Argentina

In 2022, the Argentinian vulcanised rubber seal market increased by 23% to $X, rising for the second consecutive year after two years of decline. Overall, the total consumption indicated a slight increase from 2012 to 2022: its value increased at an average annual rate of +1.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +66.2% against 2020 indices. Vulcanised rubber seal consumption peaked at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Vulcanised Rubber Seal Exports

Exports from Argentina

In 2022, after four years of growth, there was significant decline in overseas shipments of seals of vulcanised rubber, when their volume decreased by -12.6% to X tons. In general, exports showed a perceptible downturn. The most prominent rate of growth was recorded in 2021 with an increase of 57% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, vulcanised rubber seal exports skyrocketed to $X in 2022. Overall, exports recorded a drastic downturn. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Brazil (X tons), Uruguay (X tons) and Germany (X tons) were the main destinations of vulcanised rubber seal exports from Argentina, together comprising 67% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Germany (with a CAGR of +15.7%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for vulcanised rubber seal exported from Argentina were Brazil ($X), Mexico ($X) and Uruguay ($X), with a combined 56% share of total exports. Germany, Chile, Paraguay, Bolivia and Russia lagged somewhat behind, together comprising a further 21%.

Germany, with a CAGR of +13.7%, recorded the highest growth rate of the value of exports, in terms of 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 vulcanised rubber seal export price amounted to $X per ton, increasing by 53% against the previous year. Overall, the export price, however, saw a pronounced decrease. Over the period under review, the average export prices reached the maximum at $X per ton in 2014; however, from 2015 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 Mexico ($X per ton), while the average price for exports to Russia ($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 Brazil (-1.5%), while the prices for the other major destinations experienced a decline.

Vulcanised Rubber Seal Imports

Imports into Argentina

In 2022, supplies from abroad of seals of vulcanised rubber increased by 16% to X tons, rising for the second consecutive year after three years of decline. Over the period under review, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 49% against the previous year. Imports peaked at X tons in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, vulcanised rubber seal imports surged to $X in 2022. In general, total imports indicated a modest increase from 2012 to 2022: its value increased at an average annual rate of +1.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +63.2% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 35% against the previous year. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

Germany (X tons), Brazil (X tons) and Thailand (X tons) were the main suppliers of vulcanised rubber seal imports to Argentina, together comprising 49% of total imports. Poland, China, Costa Rica, the United States, Italy, Spain and France lagged somewhat behind, together accounting for a further 40%.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of +28.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Germany ($X) and China ($X) appeared to be the largest vulcanised rubber seal suppliers to Argentina, together comprising 41% of total imports. Brazil, Thailand, Poland, Italy, Costa Rica, France and Spain lagged somewhat behind, together comprising a further 37%.

Poland, with a CAGR of +28.1%, recorded the highest rates of growth with regard to 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 vulcanised rubber seal import price stood at $X per ton in 2022, with an increase of 4.4% against the previous year. In general, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the average import price increased by 13%. The import price peaked at $X per ton in 2020; however, from 2021 to 2022, import prices stood at a somewhat 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 the United States ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+6.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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