Latin America and the Caribbean: Market for Extruded Solid Rubber Rods And Profiles 2024

Market Size for Extruded Solid Rubber Rods And Profiles in Latin America and the Caribbean

The Latin American extruded solid rubber rod market declined modestly to $X in 2022, waning by -2.8% against the previous year. In general, consumption recorded a deep slump. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market failed to regain momentum.

Production of Extruded Solid Rubber Rods And Profiles in Latin America and the Caribbean

In value terms, extruded solid rubber rod production reduced modestly to $X in 2022 estimated in export price. Overall, production continues to indicate a deep slump. The pace of growth was the most pronounced in 2013 when the production volume increased by 29%. As a result, production reached the peak level of $X. From 2014 to 2022, production growth remained at a lower figure.

Exports of Extruded Solid Rubber Rods And Profiles

Exports in Latin America and the Caribbean

Extruded solid rubber rod exports declined to X tons in 2022, which is down by -13.7% compared with the year before. Over the period under review, exports showed a pronounced shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 25% against the previous year. Over the period under review, the exports hit record highs at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, extruded solid rubber rod exports amounted to $X in 2022. Overall, exports saw a perceptible downturn. The growth pace was the most rapid in 2019 with an increase of 19% against the previous year. The level of export peaked at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

In 2022, Brazil (X tons) represented the main exporter of extruded solid rubber rods and profiles, mixing up 55% of total exports. Colombia (X tons) held a 22% share (based on physical terms) of total exports, which put it in second place, followed by Mexico (13%). Argentina (X tons) held a relatively small share of total exports.

Exports from Brazil decreased at an average annual rate of -3.6% from 2012 to 2022. At the same time, Mexico (+3.4%) and Colombia (+3.2%) displayed positive paces of growth. Moreover, Mexico emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of +3.4% from 2012-2022. By contrast, Argentina (-8.2%) illustrated a downward trend over the same period. While the share of Colombia (+9.8 p.p.) and Mexico (+6 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Argentina (-3.5 p.p.) and Brazil (-5.7 p.p.) displayed negative dynamics.

In value terms, Brazil ($X) remains the largest extruded solid rubber rod supplier in Latin America and the Caribbean, comprising 49% of total exports. The second position in the ranking was held by Colombia ($X), with a 20% share of total exports. It was followed by Mexico, with a 20% share.

In Brazil, extruded solid rubber rod exports contracted by an average annual rate of -6.3% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Colombia (+4.3% per year) and Mexico (+12.0% per year).

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per ton in 2022, growing by 20% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 21%. The level of export peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Mexico ($X per ton), while Brazil ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+8.3%), while the other leaders experienced more modest paces of growth.

Imports of Extruded Solid Rubber Rods And Profiles

Imports in Latin America and the Caribbean

In 2022, approx. X tons of extruded solid rubber rods and profiles were imported in Latin America and the Caribbean; increasing by 14% on 2021. Over the period under review, imports, however, showed a pronounced reduction. The volume of import peaked at X tons in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, extruded solid rubber rod imports amounted to $X in 2022. In general, imports, however, recorded a perceptible contraction. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Mexico was the key importing country with an import of around X tons, which recorded 40% of total imports. It was distantly followed by Brazil (X tons), Chile (X tons), Panama (X tons) and Argentina (X tons), together mixing up a 35% share of total imports. The following importers - Ecuador (X tons), Bolivia (X tons), the Dominican Republic (X tons) and Colombia (X tons) - together made up 13% of total imports.

Imports into Mexico decreased at an average annual rate of -6.5% from 2012 to 2022. At the same time, Bolivia (+9.1%), the Dominican Republic (+4.6%), Chile (+3.3%), Ecuador (+2.8%) and Brazil (+2.6%) displayed positive paces of growth. Moreover, Bolivia emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of +9.1% from 2012-2022. By contrast, Argentina (-2.9%), Panama (-3.2%) and Colombia (-4.7%) illustrated a downward trend over the same period. While the share of Brazil (+6.3 p.p.), Chile (+3.5 p.p.), Bolivia (+2.7 p.p.), Ecuador (+1.9 p.p.) and the Dominican Republic (+1.5 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Mexico (-17.5 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X), Brazil ($X) and Chile ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined 67% share of total imports. Argentina, Ecuador, Panama, Colombia, the Dominican Republic and Bolivia lagged somewhat behind, together comprising a further 21%.

Among the main importing countries, the Dominican Republic, with a CAGR of +10.8%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Latin America and the Caribbean stood at $X per ton in 2022, approximately mirroring the previous year. In general, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when the import price increased by 29% against the previous year. The level of import peaked at $X per ton in 2016; however, from 2017 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Colombia (+9.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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