Latin America and the Caribbean: Market for Vulcanised Cellular Rubber Articles For Technical Uses 2024

Market Size for Vulcanised Cellular Rubber Articles For Technical Uses in Latin America and the Caribbean

The Latin American vulcanised cellular rubber articles market dropped to $X in 2021, shrinking by -8% against the previous year. In general, consumption, however, continues to indicate a prominent increase. The level of consumption peaked at $X in 2020, and then declined in the following year.

Production of Vulcanised Cellular Rubber Articles For Technical Uses in Latin America and the Caribbean

In value terms, vulcanised cellular rubber articles production declined to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a prominent increase. The pace of growth was the most pronounced in 2016 with an increase of 90%. Over the period under review, production hit record highs at $X in 2020, and then reduced in the following year.

Exports of Vulcanised Cellular Rubber Articles For Technical Uses

Exports in Latin America and the Caribbean

In 2021, overseas shipments of vulcanised cellular rubber articles for technical uses increased by 29% to X tons, rising for the fourth year in a row after three years of decline. Over the period under review, exports continue to indicate a buoyant expansion. The growth pace was the most rapid in 2020 with an increase of 66% against the previous year. Over the period under review, the exports attained the maximum in 2021 and are likely to see steady growth in the near future.

In value terms, vulcanised cellular rubber articles exports soared to $X in 2021. In general, exports showed buoyant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 76% against the previous year. Over the period under review, the exports attained the maximum in 2021 and are expected to retain growth in the near future.

Exports by Country

Mexico represented the major exporter of vulcanised cellular rubber articles for technical uses in Latin America and the Caribbean, with the volume of exports recording X tons, which was near 60% of total exports in 2021. It was distantly followed by Brazil (X tons), committing a 38% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Mexico (with a CAGR of +19.4%).

In value terms, Mexico ($X) remains the largest vulcanised cellular rubber articles supplier in Latin America and the Caribbean, comprising 78% of total exports. The second position in the ranking was held by Brazil ($X), with a 21% share of total exports.

In Mexico, vulcanised cellular rubber articles exports expanded at an average annual rate of +27.4% over the period from 2012-2021.

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per ton in 2021, shrinking by -8.8% against the previous year. Export price indicated temperate growth from 2012 to 2021: its price increased at an average annual rate of +2.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2016 when the export price increased by 27%. The level of export peaked at $X per ton in 2020, and then shrank in the following year.

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 Brazil totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mexico (+6.7%).

Imports of Vulcanised Cellular Rubber Articles For Technical Uses

Imports in Latin America and the Caribbean

For the third consecutive year, LatAmerica and the Caribbean recorded growth in supplies from abroad of vulcanised cellular rubber articles for technical uses, which increased by 50% to X tons in 2021. Over the period under review, imports, however, showed a perceptible slump. Over the period under review, imports attained the peak figure at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, vulcanised cellular rubber articles imports skyrocketed to $X in 2021. In general, imports, however, showed a pronounced decline. The most prominent rate of growth was recorded in 2017 when imports increased by 22% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

Mexico was the major importer of vulcanised cellular rubber articles for technical uses in Latin America and the Caribbean, with the volume of imports recording X tons, which was near 39% of total imports in 2021. Brazil (X tons) took a 22% share (based on physical terms) of total imports, which put it in second place, followed by Argentina (18%). Chile (X tons), Paraguay (X tons), Colombia (X tons) and Panama (X tons) took a relatively small share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Panama (with a CAGR of +26.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest vulcanised cellular rubber articles importing markets in Latin America and the Caribbean were Mexico ($X), Brazil ($X) and Argentina ($X), together accounting for 85% of total imports. Chile, Panama, Paraguay and Colombia lagged somewhat behind, together accounting for a further 9.1%.

In terms of the main importing countries, Panama, with a CAGR of +36.1%, 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

In 2021, the import price in Latin America and the Caribbean amounted to $X per ton, which is down by -19.6% against the previous year. Import price indicated a slight increase from 2012 to 2021: its price increased at an average annual rate of +1.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, vulcanised cellular rubber articles import price decreased by -40.1% against 2018 indices. The most prominent rate of growth was recorded in 2016 when the import price increased by 26%. The level of import peaked at $X per ton in 2018; however, from 2019 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Panama (+7.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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