MERCOSUR: Reclaimed Rubber Market 2024

Reclaimed Rubber Market Size in MERCOSUR

The MERCOSUR reclaimed rubber market stood at $X in 2021, almost unchanged from the previous year. The market value increased at an average annual rate of +2.7% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of consumption peaked in 2021 and is expected to retain growth in the immediate term.

Reclaimed Rubber Production in MERCOSUR

In value terms, reclaimed rubber production reduced slightly to $X in 2021 estimated in export price. The total production indicated a noticeable increase from 2012 to 2021: its value increased at an average annual rate of +3.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +59.3% against 2014 indices. The pace of growth was the most pronounced in 2017 with an increase of 27%. Over the period under review, production attained the maximum level at $X in 2020, and then fell slightly in the following year.

Reclaimed Rubber Exports

Exports in MERCOSUR

In 2021, shipments abroad of reclaimed rubber increased by 109% to X tons, rising for the third consecutive year after two years of decline. In general, exports enjoyed a remarkable increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, reclaimed rubber exports skyrocketed to $X in 2021. Overall, exports recorded a remarkable increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2021, Brazil (X tons) was the major exporter of reclaimed rubber, constituting 85% of total exports. It was distantly followed by Chile (X tons), generating an 11% share of total exports. Venezuela (X tons) held a little share of total exports.

Exports from Brazil increased at an average annual rate of +10.3% from 2012 to 2021. At the same time, Chile (+47.3%) and Venezuela (+34.7%) displayed positive paces of growth. Moreover, Chile emerged as the fastest-growing exporter exported in MERCOSUR, with a CAGR of +47.3% from 2012-2021. Chile (+10 p.p.) and Venezuela (+1.9 p.p.) significantly strengthened its position in terms of the total exports, while Brazil saw its share reduced by -9.5% from 2012 to 2021, respectively.

In value terms, Brazil ($X), Chile ($X) and Venezuela ($X) constituted the countries with the highest levels of exports in 2021, with a combined 98% share of total exports.

Among the main exporting countries, Chile, with a CAGR of +80.1%, 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

In 2021, the export price in MERCOSUR amounted to $X per ton, surging by 35% against the previous year. Export price indicated a slight expansion from 2012 to 2021: its price increased at an average annual rate of +1.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, reclaimed rubber export price increased by +37.1% against 2019 indices. The level of export peaked at $X per ton in 2015; however, from 2016 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Chile ($X per ton), while Venezuela ($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 (+22.3%), while the other leaders experienced a decline in the export price figures.

Reclaimed Rubber Imports

Imports in MERCOSUR

After two years of decline, supplies from abroad of reclaimed rubber increased by 25% to X tons in 2021. Overall, imports, however, saw a noticeable descent. The volume of import peaked at X tons in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, reclaimed rubber imports surged to $X in 2021. Over the period under review, imports, however, saw a noticeable downturn. The level of import peaked at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

Brazil represented the major importer of reclaimed rubber in MERCOSUR, with the volume of imports accounting for X tons, which was approx. 61% of total imports in 2021. Ecuador (X tons) ranks second in terms of the total imports with an 11% share, followed by Chile (9.8%), Argentina (6.9%) and Colombia (6.8%). Peru (X tons) followed a long way behind the leaders.

Brazil experienced a relatively flat trend pattern with regard to volume of imports of reclaimed rubber. At the same time, Colombia (+12.0%) and Ecuador (+6.8%) displayed positive paces of growth. Moreover, Colombia emerged as the fastest-growing importer imported in MERCOSUR, with a CAGR of +12.0% from 2012-2021. By contrast, Argentina (-1.2%), Chile (-1.8%) and Peru (-20.6%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Brazil, Ecuador and Colombia increased by +7.9, +6.2 and +4.7 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) constitutes the largest market for imported reclaimed rubber in MERCOSUR, comprising 67% of total imports. The second position in the ranking was held by Ecuador ($X), with an 11% share of total imports. It was followed by Argentina, with a 7.2% share.

In Brazil, reclaimed rubber imports remained relatively stable over the period from 2012-2021. In the other countries, the average annual rates were as follows: Ecuador (+3.4% per year) and Argentina (-2.3% per year).

Import Prices by Country

The import price in MERCOSUR stood at $X per ton in 2021, growing by 24% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The level of import peaked 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 Brazil ($X per ton), while Chile ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Peru (+4.7%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform