Guinea: Market for Natural Rubber And Gums 2019

Market Size for Natural Rubber And Gums in Guinea

The revenue of the natural rubber and gum market in Guinea amounted to $X in 2018, growing by X% against the previous year. In general, the total market indicated notable growth from 2007 to 2018: its value increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, natural rubber and gum consumption increased by +X% against 2015 indices. The pace of growth appeared the most rapid in 2011 when the market value increased by X% year-to-year. In that year, the natural rubber and gum market reached its peak level of $X. From 2012 to 2018, the growth of the natural rubber and gum market remained at a somewhat lower figure.

Production of Natural Rubber And Gums in Guinea

In value terms, natural rubber and gum production totaled $X in 2018 estimated in export prices. Overall, natural rubber and gum production continues to indicate a significant expansion. The most prominent rate of growth was recorded in 2011 when production volume increased by X% y-o-y. In that year, natural rubber and gum production attained its peak level of $X. From 2012 to 2018, natural rubber and gum production growth remained at a somewhat lower figure.

In 2018, the average natural rubber and gum yield in Guinea totaled X ton per ha, stabilizing at the previous year. Over the period under review, the natural rubber and gum yield continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2011 with an increase of X% against the previous year. In that year, the natural rubber and gum yield attained its peak level of X ton per ha. From 2012 to 2018, the growth of the natural rubber and gum yield remained at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

Natural rubber and gum harvested area in Guinea totaled X ha in 2018, picking up by X% against the previous year. The harvested area increased at an average annual rate of +X% from 2007 to 2018; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The pace of growth was the most pronounced in 2016 when harvested area increased by X% y-o-y. Over the period under review, the harvested area dedicated to natural rubber and gum production attained its maximum in 2018 and is likely to see steady growth in the immediate term.

Exports of Natural Rubber And Gums

Exports by Country

Thailand prevails in natural rubber and gum exports structure, recording X tons, which was approx. X% of total exports in 2018. Vietnam (X tons) occupied an X% share (based on tons) of total exports, which put it in second place, followed by Malaysia (X%). Guatemala (X tons), the Netherlands (X tons) and Belgium (X tons) followed a long way behind the leaders.

Thailand experienced a relatively flat trend pattern of natural rubber and gums exports. At the same time, the Netherlands (+X%) and Guatemala (+X%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest-growing exporter in the world, with a CAGR of +X% from 2007-2018. Malaysia and Vietnam experienced a relatively flat trend pattern. By contrast, Belgium (-X%) illustrated a downward trend over the same period. From 2007 to 2018, the share of the Netherlands increased by +X% percentage points, while Belgium (-X p.p.) and Thailand (-X p.p.) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Thailand ($X) remains the largest natural rubber and gum supplier from Guinea, comprising X% of global exports. The second position in the ranking was occupied by Vietnam ($X), with a X% share of global exports. It was followed by Malaysia, with a X% share.

From 2007 to 2018, the average annual growth rate of value in Thailand amounted to +X%. In the other countries, the average annual rates were as follows: Vietnam (-X% per year) and Malaysia (-X% per year).

Export Prices by Country

The natural rubber and gum export price in Guinea stood at $X per ton in 2018, therefore, remained relatively stable against the previous year. Overall, the natural rubber and gum export price continues to indicate a relatively flat trend pattern. Over the period under review, the export prices for natural rubber and gums reached their maximum at $X per ton in 2014; however, from 2015 to 2018, export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2018, the country with the highest price was Thailand ($X per ton), while Belgium ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Thailand, while the other leaders experienced mixed trends in the export price figures.

Imports of Natural Rubber And Gums

Imports into Guinea

In 2018, the amount of natural rubber and gums imported into Guinea amounted to X kg, jumping by X% against the previous year. In general, natural rubber and gum imports continue to indicate a resilient increase. The most prominent rate of growth was recorded in 2016 when imports increased by X% year-to-year. Over the period under review, natural rubber and gum imports reached their peak figure in 2018 and are expected to retain its growth in the immediate term.

In value terms, natural rubber and gum imports amounted to $X in 2018. In general, natural rubber and gum imports continue to indicate a buoyant increase. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. Guinea imports peaked in 2018 and are expected to retain its growth in the immediate term.

Imports by Country

Malaysia (X tons) and China (X tons) prevails in natural rubber and gum imports structure, together making up X% of total imports. The U.S. (X tons), South Korea (X tons), Brazil (X tons), Belgium (X tons), Mexico (X tons) and Indonesia (X tons) took a little share of total imports.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Guinea, while the other leaders experienced more modest paces of growth.

In value terms, China ($X), Malaysia ($X) and the U.S. ($X) constituted the countries with the highest levels of imports in 2018, together comprising X% of total imports. These countries were followed by South Korea, Belgium, Brazil, Mexico, Indonesia and Guinea, which together accounted for a further X terms of the main importing countries, Guinea recorded the highest rates of growth with regard to imports, over the last eleven years, while the other leaders experienced more modest paces of growth.

Import Prices by Country

The natural rubber and gum import price in Guinea stood at $X per ton in 2018, growing by X% against the previous year. Over the period under review, the import price indicated a prominent increase from 2007 to 2018: its price increased at an average annual rate of +X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, natural rubber and gum import price increased by +X% against 2007 indices. The growth pace was the most rapid in 2016 an increase of X% year-to-year. Guinea import price peaked in 2018 and is likely to continue its growth in the immediate term.

Prices varied noticeably by the country of destination; the country with the highest price was Belgium ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by South Korea, while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform