Brazil: Vulcanised Rubber Thread Market 2024

Vulcanised Rubber Thread Market Size in Brazil

The Brazilian vulcanised rubber thread market was finally on the rise to reach $X in 2021, after two years of decline. Over the period under review, consumption continues to indicate a relatively flat trend pattern. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Vulcanised Rubber Thread Production in Brazil

In value terms, vulcanised rubber thread production soared to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a pronounced setback. Over the period under review, production reached the peak level at $X in 2018; however, from 2019 to 2021, production remained at a lower figure.

Vulcanised Rubber Thread Exports

Exports from Brazil

In 2021, overseas shipments of vulcanised rubber thread and cord decreased by less than 0.1% to X tons, falling for the second year in a row after two years of growth. Overall, exports, however, posted a remarkable increase. The most prominent rate of growth was recorded in 2016 with an increase of 81%. Over the period under review, the exports attained the peak figure at X tons in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, vulcanised rubber thread exports soared to $X in 2021. Over the period under review, exports, however, recorded a buoyant increase. The pace of growth appeared the most rapid in 2015 with an increase of 84%. Over the period under review, the exports reached the peak figure at $X in 2019; afterwards, it flattened through to 2021.

Exports by Country

Chile (X tons), Paraguay (X tons) and Nigeria (X tons) were the main destinations of vulcanised rubber thread exports from Brazil, together comprising 83% of total exports.

From 2012 to 2021, the biggest increases were recorded for Chile (with a CAGR of +50.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Chile ($X) remains the key foreign market for vulcanised rubber thread and cord exports from Brazil, comprising 60% of total exports. The second position in the ranking was taken by Paraguay ($X), with a 12% share of total exports. It was followed by Nigeria, with a 4.6% share.

From 2012 to 2021, the average annual growth rate of value to Chile totaled +63.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Paraguay (+9.8% per year) and Nigeria (+9.6% per year).

Export Prices by Country

The average vulcanised rubber thread export price stood at $X per ton in 2021, with an increase of 38% against the previous year. Overall, the export price saw a relatively flat trend pattern. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Argentina ($X per ton), while the average price for exports to Paraguay ($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 Argentina (+13.1%), while the prices for the other major destinations experienced more modest paces of growth.

Vulcanised Rubber Thread Imports

Imports into Brazil

In 2021, imports of vulcanised rubber thread and cord into Brazil soared to X tons, jumping by 17% compared with the previous year's figure. Over the period under review, total imports indicated a moderate increase from 2012 to 2021: its volume increased at an average annual rate of +4.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +54.3% against 2017 indices. The growth pace was the most rapid in 2020 with an increase of 40% against the previous year. Imports peaked in 2021 and are expected to retain growth in the near future.

In value terms, vulcanised rubber thread imports skyrocketed to $X in 2021. Overall, total imports indicated a temperate expansion from 2012 to 2021: its value increased at an average annual rate of +2.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +68.0% against 2017 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Thailand (X tons), Malaysia (X tons) and India (X tons) were the main suppliers of vulcanised rubber thread imports to Brazil, together accounting for 97% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by India (with a CAGR of +245.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest vulcanised rubber thread suppliers to Brazil were Thailand ($X), Malaysia ($X) and India ($X), with a combined 97% share of total imports.

India, with a CAGR of +178.0%, recorded the highest rates of growth with regard to 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

The average vulcanised rubber thread import price stood at $X per ton in 2021, jumping by 25% against the previous year. Over the period under review, the import price, however, saw a noticeable downturn. Over the period under review, average import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the highest price was recorded for prices from Malaysia ($X per ton) and Thailand ($X per ton), while the price for China ($X per ton) and India ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+3.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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