MERCOSUR: Unvulcanised Rubber Market 2024

Unvulcanised Rubber Market Size in MERCOSUR

The MERCOSUR unvulcanised rubber market soared to $X in 2021, jumping by 17% against the previous year. In general, consumption, however, showed a slight descent. The level of consumption peaked at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Unvulcanised Rubber Production in MERCOSUR

In value terms, unvulcanised rubber production soared to $X in 2021 estimated in export price. Overall, production, however, showed a pronounced contraction. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2021, production remained at a lower figure.

Unvulcanised Rubber Exports

Exports in MERCOSUR

In 2021, shipments abroad of unvulcanised rubber was finally on the rise to reach X tons after eight years of decline. In general, exports, however, saw a drastic downturn. The volume of export peaked at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, unvulcanised rubber exports surged to $X in 2021. Overall, exports, however, saw a abrupt slump. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Brazil represented the key exporting country with an export of around X tons, which finished at 74% of total exports. Uruguay (X tons) took the second position in the ranking, distantly followed by Argentina (X tons). All these countries together held approx. 22% share of total exports. Chile (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to unvulcanised rubber exports from Brazil stood at +8.0%. At the same time, Argentina (+45.8%) and Chile (+30.1%) displayed positive paces of growth. Moreover, Argentina emerged as the fastest-growing exporter exported in MERCOSUR, with a CAGR of +45.8% from 2012-2021. By contrast, Uruguay (-20.4%) illustrated a downward trend over the same period. While the share of Brazil (+54 p.p.), Argentina (+4.4 p.p.) and Chile (+1.8 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Uruguay (-57.6 p.p.) displayed negative dynamics.

In value terms, Brazil ($X) remains the largest unvulcanised rubber supplier in MERCOSUR, comprising 67% of total exports. The second position in the ranking was taken by Uruguay ($X), with a 19% share of total exports. It was followed by Argentina, with an 8% share.

From 2012 to 2021, the average annual growth rate of value in Brazil stood at +3.1%. In the other countries, the average annual rates were as follows: Uruguay (-23.4% per year) and Argentina (+39.6% per year).

Export Prices by Country

In 2021, the export price in MERCOSUR amounted to $X per ton, growing by 2.7% against the previous year. Overall, the export price, however, saw a noticeable decline. The growth pace was the most rapid in 2017 when the export price increased by 3.7%. The level of export peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, 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 2021, the most notable rate of growth in terms of prices was attained by Chile (+2.4%), while the other leaders experienced a decline in the export price figures.

Unvulcanised Rubber Imports

Imports in MERCOSUR

In 2021, after seven years of decline, there was significant growth in overseas purchases of unvulcanised rubber, when their volume increased by 33% to X tons. Over the period under review, imports, however, recorded a abrupt slump. Over the period under review, imports hit record highs at X tons in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, unvulcanised rubber imports soared to $X in 2021. In general, imports, however, faced a deep setback. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Brazil (X tons) and Argentina (X tons) were the major importers of unvulcanised rubber in MERCOSUR, together amounting to approx. 75% of total imports. Chile (X tons) held a 14% share (based on physical terms) of total imports, which put it in second place, followed by Peru (5.6%). The following importers - Paraguay (X tons) and Colombia (X tons) - each finished at a 4.1% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Paraguay (with a CAGR of +68.1%), while purchases for the other leaders experienced mixed trends in the imports figures.

In value terms, Brazil ($X), Argentina ($X) and Chile ($X) constituted the countries with the highest levels of imports in 2021, with a combined 87% share of total imports. Peru, Colombia and Paraguay lagged somewhat behind, together comprising a further 11%.

Among the main importing countries, Paraguay, with a CAGR of +38.6%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

In 2021, the import price in MERCOSUR amounted to $X per ton, leveling off at the previous year. In general, the import price, however, recorded a noticeable descent. The most prominent rate of growth was recorded in 2017 an increase of 3.6% against the previous year. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, 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 Colombia ($X per ton), while Argentina ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Colombia (-1.9%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform