Latin America and the Caribbean: Prepared Rubber Accelerators Market 2024

Prepared Rubber Accelerators Market Size in Latin America and the Caribbean

The Latin American prepared rubber accelerators market was estimated at $X in 2021, growing by 13% against the previous year. The market value increased at an average annual rate of +2.0% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of consumption peaked at $X in 2016; however, from 2017 to 2021, consumption stood at a somewhat lower figure.

Prepared Rubber Accelerators Production in Latin America and the Caribbean

In value terms, prepared rubber accelerators production rose notably to $X in 2021 estimated in export price. In general, production recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 with an increase of 21% against the previous year. The level of production peaked at $X in 2016; however, from 2017 to 2021, production remained at a lower figure.

Prepared Rubber Accelerators Exports

Exports in Latin America and the Caribbean

For the fifth year in a row, LatAmerica and the Caribbean recorded growth in shipments abroad of prepared rubber accelerators, which increased by 17% to X tons in 2021. In general, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 89%. The volume of export peaked in 2021 and is likely to see steady growth in the immediate term.

In value terms, prepared rubber accelerators exports skyrocketed to $X in 2021. Overall, exports, however, showed a noticeable setback. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

In 2021, Brazil (X tons) was the major exporter of prepared rubber accelerators, achieving 47% of total exports. Colombia (X tons) held a 14% share (based on physical terms) of total exports, which put it in second place, followed by Ecuador (14%) and Mexico (13%). The following exporters - Chile (X tons), Peru (X tons) and Panama (X tons) - together made up 9.2% of total exports.

Exports from Brazil increased at an average annual rate of +3.9% from 2012 to 2021. At the same time, Ecuador (+79.8%), Colombia (+61.5%), Panama (+18.9%) and Peru (+13.2%) displayed positive paces of growth. Moreover, Ecuador emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of +79.8% from 2012-2021. By contrast, Chile (-9.7%) and Mexico (-13.3%) illustrated a downward trend over the same period. Colombia (+14 p.p.), Ecuador (+14 p.p.), Brazil (+11 p.p.), Panama (+2 p.p.) and Peru (+1.9 p.p.) significantly strengthened its position in terms of the total exports, while Chile and Mexico saw its share reduced by -6.4% and -35.6% from 2012 to 2021, respectively.

In value terms, Brazil ($X) remains the largest prepared rubber accelerators supplier in Latin America and the Caribbean, comprising 48% of total exports. The second position in the ranking was taken by Mexico ($X), with a 16% share of total exports. It was followed by Ecuador, with a 13% share.

From 2012 to 2021, the average annual growth rate of value in Brazil stood at -2.9%. In the other countries, the average annual rates were as follows: Mexico (-12.2% per year) and Ecuador (+69.6% per year).

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per ton in 2021, rising by 33% against the previous year. Over the period under review, the export price, however, continues to indicate a perceptible slump. Over the period under review, the export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Chile (+2.6%), while the other leaders experienced mixed trends in the export price figures.

Prepared Rubber Accelerators Imports

Imports in Latin America and the Caribbean

After two years of decline, overseas purchases of prepared rubber accelerators increased by 27% to X tons in 2021. The total import volume increased at an average annual rate of +4.4% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, prepared rubber accelerators imports soared to $X in 2021. The total import value increased at an average annual rate of +3.5% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

The purchases of the three major importers of prepared rubber accelerators, namely Brazil, Chile and Mexico, represented more than half of total import. Costa Rica (X tons) held an 8.7% share (based on physical terms) of total imports, which put it in second place, followed by Guatemala (7.8%), Peru (7.6%) and Argentina (5.6%). The Dominican Republic (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by the Dominican Republic (with a CAGR of +14.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest prepared rubber accelerators importing markets in Latin America and the Caribbean were Mexico ($X), Brazil ($X) and Chile ($X), together comprising 70% of total imports. These countries were followed by Guatemala, Costa Rica, Argentina, Peru and the Dominican Republic, which together accounted for a further 26%.

Costa Rica, with a CAGR of +12.9%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries 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 2021, surging by 3.5% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. Over the period under review, import prices reached the maximum at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Mexico ($X per ton), while Peru ($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 (+3.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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