Brazil: Market for Rubber-to-Metal and Moulded Articles 2024

Market Size for Rubber-to-Metal and Moulded Articles in Brazil

The Brazilian rubber-to-metal and moulded article market was finally on the rise to reach $X in 2021, after two years of decline. Overall, consumption saw a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market remained at a lower figure.

Exports of Rubber-to-Metal and Moulded Articles

Exports from Brazil

In 2021, overseas shipments of rubber-to-metal and moulded articles were finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Overall, exports, however, saw a noticeable descent. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, rubber-to-metal and moulded article exports soared to $X in 2021. In general, exports, however, saw a slight reduction. Over the period under review, the exports attained the peak figure at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Argentina (X tons) was the main destination for rubber-to-metal and moulded article exports from Brazil, with a 62% share of total exports. Moreover, rubber-to-metal and moulded article exports to Argentina exceeded the volume sent to the second major destination, the United States (X tons), sixfold. Mexico (X tons) ranked third in terms of total exports with a 6.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Argentina was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-0.4% per year) and Mexico (-2.2% per year).

In value terms, Argentina ($X) remains the key foreign market for rubber-to-metal and moulded articles exports from Brazil, comprising 58% of total exports. The second position in the ranking was held by the United States ($X), with a 10% share of total exports. It was followed by Mexico, with a 5.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Argentina was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+0.1% per year) and Mexico (-4.2% per year).

Export Prices by Country

In 2021, the average rubber-to-metal and moulded article export price amounted to $X per ton, falling by -1.6% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2013 an increase of 6% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2019; however, from 2020 to 2021, 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 Colombia ($X per ton), while the average price for exports to Uruguay ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Colombia (+2.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Rubber-to-Metal and Moulded Articles

Imports into Brazil

In 2021, after two years of decline, there was significant growth in overseas purchases of rubber-to-metal and moulded articles, when their volume increased by 26% to X tons. Overall, imports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when imports increased by 32%. As a result, imports attained the peak of X tons. From 2014 to 2021, the growth of imports failed to regain momentum.

In value terms, rubber-to-metal and moulded article imports skyrocketed to $X in 2021. Over the period under review, imports recorded a relatively flat trend pattern. Imports peaked at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X tons) constituted the largest rubber-to-metal and moulded article supplier to Brazil, accounting for a 26% share of total imports. Moreover, rubber-to-metal and moulded article imports from China exceeded the figures recorded by the second-largest supplier, India (X tons), threefold. Germany (X tons) ranked third in terms of total imports with a 7.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +2.0%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+32.7% per year) and Germany (-0.7% per year).

In value terms, the largest rubber-to-metal and moulded article suppliers to Brazil were China ($X), the United States ($X) and Germany ($X), together accounting for 40% of total imports. These countries were followed by Japan, Italy, India, Thailand, France, Sweden, South Korea, Spain, the Czech Republic and Poland, which together accounted for a further 41%.

In terms of the main suppliers, India, with a CAGR of +28.4%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average rubber-to-metal and moulded article import price amounted to $X per ton, picking up by 7.3% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+6.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :