MERCOSUR: Market for Extruded Solid Rubber Rods And Profiles 2024

Market Size for Extruded Solid Rubber Rods And Profiles in MERCOSUR

The MERCOSUR extruded solid rubber rod market fell modestly to $X in 2022, which is down by -4.3% against the previous year. In general, consumption saw a abrupt shrinkage. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market remained at a lower figure.

Production of Extruded Solid Rubber Rods And Profiles in MERCOSUR

In value terms, extruded solid rubber rod production shrank to $X in 2022 estimated in export price. In general, production recorded a abrupt shrinkage. The pace of growth was the most pronounced in 2013 when the production volume increased by 34%. As a result, production attained the peak level of $X. From 2014 to 2022, production growth remained at a somewhat lower figure.

Exports of Extruded Solid Rubber Rods And Profiles

Exports in MERCOSUR

In 2022, approx. X tons of extruded solid rubber rods and profiles were exported in MERCOSUR; reducing by -18.6% against 2021 figures. Over the period under review, exports saw a noticeable contraction. The growth pace was the most rapid in 2021 when exports increased by 46%. Over the period under review, the exports reached the maximum at X tons in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, extruded solid rubber rod exports dropped to $X in 2022. In general, exports showed a perceptible descent. The pace of growth was the most pronounced in 2021 with an increase of 42% against the previous year. The level of export peaked at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Brazil represented the major exporter of extruded solid rubber rods and profiles in MERCOSUR, with the volume of exports amounting to X tons, which was approx. 66% of total exports in 2022. It was distantly followed by Colombia (X tons) and Argentina (X tons), together creating a 32% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to extruded solid rubber rod exports from Brazil stood at -3.6%. At the same time, Colombia (+3.2%) displayed positive paces of growth. Moreover, Colombia emerged as the fastest-growing exporter exported in MERCOSUR, with a CAGR of +3.2% from 2012-2022. By contrast, Argentina (-8.2%) illustrated a downward trend over the same period. While the share of Colombia (+12 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Argentina (-4.3 p.p.) and Brazil (-7.3 p.p.) displayed negative dynamics.

In value terms, Brazil ($X) remains the largest extruded solid rubber rod supplier in MERCOSUR, comprising 64% of total exports. The second position in the ranking was held by Colombia ($X), with a 27% share of total exports.

In Brazil, extruded solid rubber rod exports shrank 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 Argentina (-6.2% per year).

Export Prices by Country

The export price in MERCOSUR stood at $X per ton in 2022, increasing by 16% against the previous year. In general, the export price, however, showed a slight downturn. The growth pace was the most rapid in 2017 an increase of 19%. The level of export peaked at $X per ton in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Argentina ($X per ton), while Brazil ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Argentina (+2.2%), while the other leaders experienced mixed trends in the export price figures.

Imports of Extruded Solid Rubber Rods And Profiles

Imports in MERCOSUR

In 2022, overseas purchases of extruded solid rubber rods and profiles increased by less than 0.1% to X tons, rising for the second consecutive year after three years of decline. Over the period under review, imports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when imports increased by 55% against the previous year. As a result, imports reached the peak of X tons. From 2015 to 2022, the growth of imports remained at a lower figure.

In value terms, extruded solid rubber rod imports surged to $X in 2022. The total import value increased at an average annual rate of +2.1% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Brazil represented the largest importer of extruded solid rubber rods and profiles in MERCOSUR, with the volume of imports accounting for X tons, which was approx. 37% of total imports in 2022. Chile (X tons) took a 19% share (based on physical terms) of total imports, which put it in second place, followed by Argentina (15%), Ecuador (11%) and Colombia (6.1%). The following importers - Uruguay (X tons) and Peru (X tons) - each recorded a 7.4% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Chile (with a CAGR of +3.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Brazil ($X) constitutes the largest market for imported extruded solid rubber rods and profiles in MERCOSUR, comprising 50% of total imports. The second position in the ranking was taken by Chile ($X), with a 17% share of total imports. It was followed by Argentina, with a 9.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Brazil amounted to +3.5%. In the other countries, the average annual rates were as follows: Chile (+5.8% per year) and Argentina (-5.9% per year).

Import Prices by Country

The import price in MERCOSUR stood at $X per ton in 2022, with an increase of 27% against the previous year. Over the last decade, it increased at an average annual rate of +1.5%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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