MERCOSUR: Vulcanised Rubber Seal Market 2024

Vulcanised Rubber Seal Market Size in MERCOSUR

The MERCOSUR vulcanised rubber seal market expanded to $X in 2022, picking up by 4% against the previous year. The market value increased at an average annual rate of +1.8% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Vulcanised Rubber Seal Production in MERCOSUR

In value terms, vulcanised rubber seal production amounted to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.8% from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2018 when the production volume increased by 19%. The level of production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Vulcanised Rubber Seal Exports

Exports in MERCOSUR

In 2022, shipments abroad of seals of vulcanised rubber increased by 3.1% to X tons, rising for the second consecutive year after four years of decline. In general, exports, however, continue to indicate a slight slump. The growth pace was the most rapid in 2021 with an increase of 60% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, vulcanised rubber seal exports expanded notably to $X in 2022. Over the period under review, exports, however, recorded a pronounced contraction. The pace of growth appeared the most rapid in 2018 with an increase of 28%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Brazil represented the largest exporting country with an export of around X tons, which recorded 73% of total exports. It was distantly followed by Colombia (X tons) and Argentina (X tons), together committing a 21% share of total exports. Peru (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to vulcanised rubber seal exports from Brazil stood at -1.9%. At the same time, Peru (+3.5%) displayed positive paces of growth. Moreover, Peru emerged as the fastest-growing exporter exported in MERCOSUR, with a CAGR of +3.5% from 2012-2022. By contrast, Colombia (-1.5%) and Argentina (-2.9%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Brazil decreased by -1.9 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) remains the largest vulcanised rubber seal supplier in MERCOSUR, comprising 79% of total exports. The second position in the ranking was held by Colombia ($X), with a 6.9% share of total exports. It was followed by Argentina, with a 6.7% share.

In Brazil, vulcanised rubber seal exports plunged by an average annual rate of -4.8% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Colombia (-3.4% per year) and Argentina (-6.7% per year).

Export Prices by Country

In 2022, the export price in MERCOSUR amounted to $X per ton, increasing by 9.4% against the previous year. Overall, the export price, however, continues to indicate a perceptible curtailment. The most prominent rate of growth was recorded in 2018 an increase of 47% against the previous year. The level of export peaked at $X per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Peru (+2.9%), while the other leaders experienced a decline in the export price figures.

Vulcanised Rubber Seal Imports

Imports in MERCOSUR

In 2022, vulcanised rubber seal imports in MERCOSUR dropped to X tons, approximately reflecting 2021. The total import volume increased at an average annual rate of +2.4% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 26%. As a result, imports reached the peak of X tons, leveling off in the following year.

In value terms, vulcanised rubber seal imports rose rapidly 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 throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 33% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the immediate term.

Imports by Country

Brazil was the largest importer of seals of vulcanised rubber in MERCOSUR, with the volume of imports amounting to X tons, which was near 49% of total imports in 2022. It was distantly followed by Argentina (X tons), Chile (X tons), Ecuador (X tons), Colombia (X tons) and Peru (X tons), together generating a 45% share of total imports. Paraguay (X tons) followed a long way behind the leaders.

Imports into Brazil increased at an average annual rate of +2.8% from 2012 to 2022. At the same time, Paraguay (+8.9%), Peru (+7.1%), Ecuador (+6.3%), Chile (+4.8%) and Colombia (+2.5%) displayed positive paces of growth. Moreover, Paraguay emerged as the fastest-growing importer imported in MERCOSUR, with a CAGR of +8.9% from 2012-2022. Argentina experienced a relatively flat trend pattern. Peru (+2.1 p.p.), Brazil (+1.9 p.p.), Ecuador (+1.9 p.p.) and Chile (+1.7 p.p.) significantly strengthened its position in terms of the total imports, while Argentina saw its share reduced by -3.7% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) constitutes the largest market for imported seals of vulcanised rubber in MERCOSUR, comprising 62% of total imports. The second position in the ranking was held by Argentina ($X), with a 13% share of total imports. It was followed by Chile, with a 7.1% share.

From 2012 to 2022, the average annual growth rate of value in Brazil totaled +3.0%. In the other countries, the average annual rates were as follows: Argentina (+1.0% per year) and Chile (+4.5% per year).

Import Prices by Country

The import price in MERCOSUR stood at $X per ton in 2022, picking up by 7.1% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat 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 2022, the most notable rate of growth in terms of prices was attained by Paraguay (+1.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform