Chile: Market for Natural Rubber And Gums 2025

Market Size for Natural Rubber And Gums in Chile

The Chilean natural rubber and gum market soared to $X in 2022, jumping by 42% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, continues to indicate a perceptible setback. Natural rubber and gum consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Exports of Natural Rubber And Gums

Exports from Chile

In 2019, after two years of growth, there was significant decline in shipments abroad of natural rubber and gums, when their volume decreased by -76.6% to X tons. Over the period under review, exports, however, recorded significant growth. The most prominent rate of growth was recorded in 2015 when exports increased by 23,170% against the previous year. The exports peaked at X tons in 2018, and then fell rapidly in the following year.

In value terms, natural rubber and gum exports dropped sharply to $X in 2019. Overall, exports, however, showed a significant increase. The most prominent rate of growth was recorded in 2015 with an increase of 9,032% against the previous year. The exports peaked at $X in 2018, and then fell significantly in the following year.

Exports by Country

Peru (X tons) was the main destination for natural rubber and gum exports from Chile, accounting for a 78% share of total exports. Moreover, natural rubber and gum exports to Peru exceeded the volume sent to the second major destination, Brazil (X kg), fourfold.

From 2014 to 2019, the average annual growth rate of volume to Peru amounted to +192.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Brazil (0.0% per year) and Bolivia (+29.0% per year).

In value terms, Peru ($X), Brazil ($X) and Bolivia ($X) appeared to be the largest markets for natural rubber and gum exported from Chile worldwide, with a combined 99.9% share of total exports.

Peru, with a CAGR of +202.7%, recorded the highest growth rate of the value of exports, among 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 2019, the average natural rubber and gum export price amounted to $X per ton, with a decrease of -2.4% against the previous year. In general, the export price recorded a drastic downturn. The pace of growth appeared the most rapid in 2016 an increase of 34%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2019, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Bolivia ($X per ton), while the average price for exports to Peru ($X per ton) was amongst the lowest.

From 2014 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Bolivia (+14.3%).

Imports of Natural Rubber And Gums

Imports into Chile

In 2022, the amount of natural rubber and gums imported into Chile skyrocketed to X tons, increasing by 44% on the previous year. Overall, imports, however, continue to indicate a mild descent. Over the period under review, imports attained the maximum at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, natural rubber and gum imports surged to $X in 2022. In general, imports, however, saw a perceptible curtailment. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Guatemala (X tons) constituted the largest supplier of natural rubber and gum to Chile, accounting for a 87% share of total imports. Moreover, natural rubber and gum imports from Guatemala exceeded the figures recorded by the second-largest supplier, Vietnam (X tons), sevenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Guatemala amounted to -1.2%.

In value terms, Guatemala ($X) constituted the largest supplier of natural rubber and gums to Chile, comprising 83% of total imports. The second position in the ranking was taken by Vietnam ($X), with a 14% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Guatemala totaled -3.8%.

Import Prices by Country

The average natural rubber and gum import price stood at $X per ton in 2022, dropping by -1.9% against the previous year. In general, the import price showed a perceptible decrease. The pace of growth was the most pronounced in 2021 when the average import price increased by 42% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Vietnam ($X per ton), while the price for Guatemala stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+3.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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