Latin America and the Caribbean: Extruded Rod Market 2022

Extruded Rod Market Size in Latin America and the Caribbean

In 2021, the Latin American extruded rod market increased by X% to $X for the first time since 2017, thus ending a three-year declining trend. Overall, consumption, however, continues to indicate a drastic downturn. The growth pace was the most rapid in 2017 when the market value increased by X% against the previous year. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Extruded Rod Production in Latin America and the Caribbean

In value terms, extruded rod production contracted to $X in 2021 estimated in export price. Over the period under review, production, however, showed a abrupt slump. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Extruded Rod Exports

Exports in Latin America and the Caribbean

In 2021, shipments abroad of extruded rods and profile shapes of cellular vulcanised rubber was finally on the rise to reach X tons for the first time since 2017, thus ending a three-year declining trend. In general, exports, however, recorded a abrupt decrease. The pace of growth was the most pronounced in 2015 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, extruded rod exports soared to $X in 2021. Overall, exports, however, continue to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2015 with an increase of X%. As a result, the exports reached the peak of $X. From 2016 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Brazil was the major exporter of extruded rods and profile shapes of cellular vulcanised rubber in Latin America and the Caribbean, with the volume of exports amounting to X tons, which was near X% of total exports in 2021. Colombia (X tons) took the second position in the ranking, followed by Mexico (X tons) and Venezuela (X tons). All these countries together took approx. X% share of total exports. The Dominican Republic (X tons) followed a long way behind the leaders.

Exports from Brazil decreased at an average annual rate of -X% from 2012 to 2021. At the same time, Mexico (+X%) and the Dominican Republic (+X%) displayed positive paces of growth. Moreover, Mexico emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of +X% from 2012-2021. Venezuela experienced a relatively flat trend pattern. By contrast, Colombia (-X%) illustrated a downward trend over the same period. While the share of Mexico (+X p.p.), Colombia (+X p.p.), Venezuela (+X p.p.) and the Dominican Republic (+X p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Brazil (-X p.p.) displayed negative dynamics.

In value terms, Brazil ($X) remains the largest extruded rod supplier in Latin America and the Caribbean, comprising X% of total exports. The second position in the ranking was held by Colombia ($X), with a X% share of total exports. It was followed by Mexico, with a X% share.

In Brazil, extruded rod exports contracted by an average annual rate of -X% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Colombia (-X% per year) and Mexico (-X% per year).

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per ton in 2021, surging by X% against the previous year. Export price indicated a buoyant expansion from 2012 to 2021: its price increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, extruded rod export price increased by +X% against 2016 indices. The growth pace was the most rapid in 2013 an increase of X%. The level of export peaked in 2021 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Brazil ($X per ton), while the Dominican Republic ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Brazil (+X%), while the other leaders experienced more modest paces of growth.

Extruded Rod Imports

Imports in Latin America and the Caribbean

In 2021, overseas purchases of extruded rods and profile shapes of cellular vulcanised rubber were finally on the rise to reach X tons for the first time since 2017, thus ending a three-year declining trend. Over the period under review, imports, however, saw a perceptible setback. The pace of growth was the most pronounced in 2017 with an increase of X%. Over the period under review, imports reached the maximum at X tons in 2014; however, from 2015 to 2021, imports failed to regain momentum.

In value terms, extruded rod imports totaled $X in 2021. In general, imports, however, saw a pronounced reduction. The most prominent rate of growth was recorded in 2013 when imports increased by X%. The level of import peaked at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Mexico (X tons) represented the largest importer of extruded rods and profile shapes of cellular vulcanised rubber, achieving X% of total imports. Brazil (X tons) took the second position in the ranking, distantly followed by Chile (X tons), Guatemala (X tons) and Bolivia (X tons). All these countries together took approx. X% share of total imports. Argentina (X tons), Ecuador (X tons), Colombia (X tons), Paraguay (X tons), the Dominican Republic (X tons), Honduras (X tons) and Peru (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to extruded rod imports into Mexico stood at -X%. At the same time, Guatemala (+X%), Bolivia (+X%), the Dominican Republic (+X%), Paraguay (+X%), Chile (+X%), Honduras (+X%) and Brazil (+X%) displayed positive paces of growth. Moreover, Guatemala emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of +X% from 2012-2021. By contrast, Ecuador (-X%), Peru (-X%), Colombia (-X%) and Argentina (-X%) illustrated a downward trend over the same period. While the share of Brazil (+X p.p.), Chile (+X p.p.), Guatemala (+X p.p.), Bolivia (+X p.p.), Paraguay (+X p.p.) and the Dominican Republic (+X p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Argentina (-X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X) constitutes the largest market for imported extruded rods and profile shapes of cellular vulcanised rubber in Latin America and the Caribbean, comprising X% of total imports. The second position in the ranking was held by Brazil ($X), with an X% share of total imports. It was followed by Chile, with a X% share.

From 2012 to 2021, the average annual growth rate of value in Mexico stood at -X%. The remaining importing countries recorded the following average annual rates of imports growth: Brazil (+X% per year) and Chile (+X% per year).

Import Prices by Country

The import price in Latin America and the Caribbean stood at $X per ton in 2021, surging by X% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of X%. Over the period under review, import prices hit record highs at $X per ton in 2016; however, from 2017 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Brazil ($X per ton), while Bolivia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Argentina (+X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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