Latin America and the Caribbean: Market for Plates, Sheets, Strips For Floor Covering Of Solid Vulcanised Rubber 2022

Market Size for Plates, Sheets, Strips For Floor Covering Of Solid Vulcanised Rubber in Latin America and the Caribbean

After two years of decline, the Latin American solid vulcanised rubber sheet market increased by 11% to $X in 2021. Overall, consumption, however, showed a deep contraction. The level of consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Production of Plates, Sheets, Strips For Floor Covering Of Solid Vulcanised Rubber in Latin America and the Caribbean

In value terms, solid vulcanised rubber sheet production amounted to $X in 2021 estimated in export price. In general, production, however, continues to indicate a deep setback. The level of production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Exports of Plates, Sheets, Strips For Floor Covering Of Solid Vulcanised Rubber

Exports in Latin America and the Caribbean

For the third year in a row, LatAmerica and the Caribbean recorded growth in shipments abroad of plates, sheets, strips for floor covering of solid vulcanised rubber, which increased by 86% to X tons in 2021. Over the period under review, exports saw a moderate expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, solid vulcanised rubber sheet exports soared to $X in 2021. In general, exports saw resilient growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Brazil (X tons) and Mexico (X tons) represented roughly 82% of total exports in 2021. It was distantly followed by Guatemala (X tons), achieving a 12% share of total exports. The following exporters - Colombia (X tons) and El Salvador (X tons) - together made up 5.2% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Colombia (with a CAGR of +8.3%), while the other leaders experienced more modest paces of growth.

In value terms, Mexico ($X), Brazil ($X) and Guatemala ($X) appeared to be the countries with the highest levels of exports in 2021, with a combined 96% share of total exports.

In terms of the main exporting countries, Guatemala, with a CAGR of +11.5%, recorded the highest rates of growth with regard to 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 export price in Latin America and the Caribbean stood at $X per ton in 2021, growing by 20% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.6%. As a result, the export price attained the peak level and is likely to continue 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 Mexico ($X per ton), while El Salvador ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mexico (+10.1%), while the other leaders experienced more modest paces of growth.

Imports of Plates, Sheets, Strips For Floor Covering Of Solid Vulcanised Rubber

Imports in Latin America and the Caribbean

In 2021, purchases abroad of plates, sheets, strips for floor covering of solid vulcanised rubber was finally on the rise to reach X tons after two years of decline. In general, imports, however, showed a noticeable reduction. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, solid vulcanised rubber sheet imports skyrocketed to $X in 2021. Over the period under review, imports, however, saw a slight curtailment. The level of import peaked at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

Mexico represented the largest importer of plates, sheets, strips for floor covering of solid vulcanised rubber in Latin America and the Caribbean, with the volume of imports resulting at X tons, which was near 52% of total imports in 2021. Brazil (X tons) took a 14% share (based on physical terms) of total imports, which put it in second place, followed by Chile (11%) and Colombia (6.1%). The following importers - Argentina (X tons) and Peru (X tons) - together made up 7.2% of total imports.

Mexico was also the fastest-growing in terms of the plates, sheets, strips for floor covering of solid vulcanised rubber imports, with a CAGR of +1.2% from 2012 to 2021. Chile (-1.5%), Peru (-2.1%), Argentina (-4.1%), Brazil (-4.9%) and Colombia (-11.0%) illustrated a downward trend over the same period. While the share of Mexico (+15 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Brazil (-3.5 p.p.) and Colombia (-7.7 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X) constitutes the largest market for imported plates, sheets, strips for floor covering of solid vulcanised rubber in Latin America and the Caribbean, comprising 56% of total imports. The second position in the ranking was taken by Brazil ($X), with a 13% share of total imports. It was followed by Chile, with an 8.7% share.

In Mexico, solid vulcanised rubber sheet imports remained relatively stable over the period from 2012-2021. In the other countries, the average annual rates were as follows: Brazil (-2.9% per year) and Chile (-0.6% per year).

Import Prices by Country

The import price in Latin America and the Caribbean stood at $X per ton in 2021, with a decrease of -7.1% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.5%. The pace of growth was the most pronounced in 2015 an increase of 12%. Over the period under review, import prices reached the maximum at $X per ton in 2017; however, from 2018 to 2021, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major importing countries. In 2021, major importing countries recorded the following prices: in Peru ($X per ton) and Mexico ($X per ton), while Colombia ($X per ton) and Chile ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Colombia (+9.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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