Chile: Reclaimed Rubber Market 2024

Reclaimed Rubber Market Size in Chile

The Chilean reclaimed rubber market dropped to $X in 2021, waning by -12.7% 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). Overall, consumption saw a drastic downturn. As a result, consumption reached the peak level of $X. From 2016 to 2021, the growth of the market failed to regain momentum.

Reclaimed Rubber Exports

Exports from Chile

In 2021, shipments abroad of reclaimed rubber increased by 9,574% to X tons, rising for the second consecutive year after three years of decline. Overall, exports posted a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, reclaimed rubber exports surged to $X in 2021. In general, exports posted a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Argentina (X tons), Bolivia (X tons) and Japan (X tons) were the main destinations of reclaimed rubber exports from Chile, together comprising 89% of total exports. Nicaragua and Peru lagged somewhat behind, together comprising a further 11%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Nicaragua (with a CAGR of +11,222.7%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for reclaimed rubber exported from Chile were Japan ($X), Argentina ($X) and Peru ($X), with a combined 89% share of total exports. Nicaragua and Bolivia lagged somewhat behind, together comprising a further 11%.

In terms of the main countries of destination, Nicaragua, with a CAGR of +12,081.2%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average reclaimed rubber export price stood at $X per ton in 2021, surging by 9.3% against the previous year. Overall, the export price enjoyed a significant increase. The most prominent rate of growth was recorded in 2017 when the average export price increased by 276% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2018 to 2021, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Peru ($X per ton), while the average price for exports to Bolivia ($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 Brazil (+22.4%), while the prices for the other major destinations experienced more modest paces of growth.

Reclaimed Rubber Imports

Imports into Chile

In 2021, overseas purchases of reclaimed rubber decreased by -6.7% to X tons, falling for the second year in a row after two years of growth. In general, imports saw a slight downturn. The pace of growth was the most pronounced in 2015 when imports increased by 118% against the previous year. As a result, imports attained the peak of X tons. From 2016 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, reclaimed rubber imports skyrocketed to $X in 2021. Overall, imports recorded a abrupt contraction. The most prominent rate of growth was recorded in 2015 with an increase of 123% against the previous year. As a result, imports reached the peak of $X. From 2016 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, France (X tons) constituted the largest reclaimed rubber supplier to Chile, accounting for a 46% share of total imports. Moreover, reclaimed rubber imports from France exceeded the figures recorded by the second-largest supplier, China (X tons), threefold. The third position in this ranking was taken by Saudi Arabia (X tons), with a 13% share.

From 2012 to 2021, the average annual growth rate of volume from France totaled +24.2%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+10.9% per year) and Saudi Arabia (-4.7% per year).

In value terms, France ($X) constituted the largest supplier of reclaimed rubber to Chile, comprising 39% of total imports. The second position in the ranking was taken by Saudi Arabia ($X), with a 16% share of total imports. It was followed by China, with a 16% share.

From 2012 to 2021, the average annual rate of growth in terms of value from France stood at +14.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Saudi Arabia (-10.0% per year) and China (+1.2% per year).

Import Prices by Country

In 2021, the average reclaimed rubber import price amounted to $X per ton, rising by 25% against the previous year. Overall, the import price, however, saw a abrupt shrinkage. The pace of growth was the most pronounced in 2014 when the average import price increased by 52% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2015; however, from 2016 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Saudi Arabia ($X per ton), while the price for Portugal ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Saudi Arabia (-5.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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