Latin America and the Caribbean: Non-Reinforced Rubber Tubing Market 2024

Non-Reinforced Rubber Tubing Market Size in Latin America and the Caribbean

The Latin American non-reinforced rubber tubing market fell slightly to $X in 2021, waning by -3.5% against the previous year. The market value increased at an average annual rate of +1.8% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2020, and then reduced modestly in the following year.

Non-Reinforced Rubber Tubing Production in Latin America and the Caribbean

In value terms, non-reinforced rubber tubing production declined to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a strong increase. The pace of growth was the most pronounced in 2016 when the production volume increased by 145%. Over the period under review, production reached the peak level at $X in 2020, and then fell in the following year.

Non-Reinforced Rubber Tubing Exports

Exports in Latin America and the Caribbean

For the sixth year in a row, LatAmerica and the Caribbean recorded growth in overseas shipments of rubber tubing not reinforced, which increased by 55% to X tons in 2021. In general, exports saw buoyant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, non-reinforced rubber tubing exports surged to $X in 2021. Over the period under review, exports enjoyed a strong increase. The growth pace was the most rapid in 2014 with an increase of 44% against the previous year. The level of export peaked in 2021 and is expected to retain growth in the immediate term.

Exports by Country

Mexico prevails in exports structure, amounting to X tons, which was approx. 93% of total exports in 2021. It was distantly followed by Brazil (X tons), constituting a 5.1% share of total exports.

Mexico was also the fastest-growing in terms of the rubber tubing not reinforced exports, with a CAGR of +15.4% from 2012 to 2021. Brazil (-5.4%) illustrated a downward trend over the same period. While the share of Mexico (+23 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Brazil (-18 p.p.) displayed negative dynamics.

In value terms, Mexico ($X) remains the largest non-reinforced rubber tubing supplier in Latin America and the Caribbean, comprising 91% of total exports. The second position in the ranking was taken by Brazil ($X), with a 6.4% share of total exports.

In Mexico, non-reinforced rubber tubing exports expanded at an average annual rate of +18.9% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in Latin America and the Caribbean amounted to $X per ton, reducing by -19% 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 2015 an increase of 30%. The level of export peaked at $X per ton in 2018; however, from 2019 to 2021, the export prices remained at a lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Brazil ($X per ton), while Mexico amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mexico (+3.1%).

Non-Reinforced Rubber Tubing Imports

Imports in Latin America and the Caribbean

After three years of decline, purchases abroad of rubber tubing not reinforced increased by 13% to X tons in 2021. Overall, imports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 with an increase of 15% against the previous year. The volume of import peaked at X tons in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

In value terms, non-reinforced rubber tubing imports skyrocketed to $X in 2021. Over the period under review, imports, however, recorded a relatively flat trend pattern. Over the period under review, imports attained the maximum at $X in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Mexico dominates imports structure, recording X tons, which was near 71% of total imports in 2021. It was distantly followed by Brazil (X tons), creating a 6.6% share of total imports. The following importers - Argentina (X tons), Chile (X tons), Colombia (X tons), Peru (X tons) and Ecuador (X tons) - together made up 12% of total imports.

Mexico experienced a relatively flat trend pattern with regard to volume of imports of rubber tubing not reinforced. At the same time, Chile (+3.0%) and Colombia (+2.3%) displayed positive paces of growth. Moreover, Chile emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of +3.0% from 2012-2021. By contrast, Argentina (-1.1%), Peru (-1.6%), Ecuador (-6.5%) and Brazil (-6.6%) illustrated a downward trend over the same period. While the share of Mexico (+5.3 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Brazil (-4.9 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X) constitutes the largest market for imported rubber tubing not reinforced in Latin America and the Caribbean, comprising 72% of total imports. The second position in the ranking was held by Brazil ($X), with a 9.9% share of total imports. It was followed by Argentina, with a 4.5% share.

In Mexico, non-reinforced rubber tubing imports increased at an average annual rate of +1.8% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Brazil (-7.0% per year) and Argentina (-2.3% per year).

Import Prices by Country

The import price in Latin America and the Caribbean stood at $X per ton in 2021, with an increase of 4.3% against the previous year. In general, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the import price increased by 9.7% against the previous year. As a result, import price attained the peak level of $X per ton. From 2014 to 2021, the import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Ecuador (+3.4%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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