MERCOSUR: Market for Vulcanised Cellular Rubber Articles For Technical Uses 2024

Market Size for Vulcanised Cellular Rubber Articles For Technical Uses in MERCOSUR

In 2021, the MERCOSUR vulcanised cellular rubber articles market decreased by -2.7% to $X for the first time since 2018, thus ending a two-year rising trend. The total consumption indicated pronounced growth from 2012 to 2021: its value increased at an average annual rate of +3.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +13.6% against 2018 indices. The level of consumption peaked at $X in 2020, and then fell modestly in the following year.

Production of Vulcanised Cellular Rubber Articles For Technical Uses in MERCOSUR

In value terms, vulcanised cellular rubber articles production fell to $X in 2021 estimated in export price. The total production indicated a moderate increase from 2012 to 2021: its value increased at an average annual rate of +4.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +10.1% against 2019 indices. The most prominent rate of growth was recorded in 2016 with an increase of 84% against the previous year. Over the period under review, production hit record highs at $X in 2020, and then dropped in the following year.

Exports of Vulcanised Cellular Rubber Articles For Technical Uses

Exports in MERCOSUR

In 2021, vulcanised cellular rubber articles exports in MERCOSUR soared to X tons, with an increase of 65% compared with 2020. Over the period under review, exports showed modest growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, vulcanised cellular rubber articles exports soared to $X in 2021. In general, exports, however, continue to indicate a pronounced descent. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Brazil dominates exports structure, resulting at X tons, which was approx. 96% of total exports in 2021. Chile (X tons) followed a long way behind the leaders.

Exports from Brazil increased at an average annual rate of +1.7% from 2012 to 2021. At the same time, Chile (+15.5%) displayed positive paces of growth. Moreover, Chile emerged as the fastest-growing exporter exported in MERCOSUR, with a CAGR of +15.5% from 2012-2021. While the share of Chile (+2.1 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) remains the largest vulcanised cellular rubber articles supplier in MERCOSUR, comprising 96% of total exports. The second position in the ranking was taken by Chile ($X), with a 2.7% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in Brazil amounted to -2.5%.

Export Prices by Country

The export price in MERCOSUR stood at $X per ton in 2021, declining by -1.9% against the previous year. Overall, the export price saw a perceptible shrinkage. The most prominent rate of growth was recorded in 2016 when the export price increased by 25% against the previous year. The level of export peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

Average prices varied noticeably amongst the major exporting countries. In 2021, the country with the highest price was Brazil ($X per ton), while Chile totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Brazil (-4.1%).

Imports of Vulcanised Cellular Rubber Articles For Technical Uses

Imports in MERCOSUR

In 2021, imports of vulcanised cellular rubber articles for technical uses in MERCOSUR skyrocketed to X tons, rising by 62% compared with the previous year's figure. Total imports indicated a mild expansion from 2012 to 2021: its volume increased at an average annual rate of +1.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, vulcanised cellular rubber articles imports surged to $X in 2021. In general, imports, however, saw a relatively flat trend pattern. The level of import peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

Brazil (X tons) and Argentina (X tons) prevails in imports structure, together making up 76% of total imports. It was distantly followed by Chile (X tons) and Paraguay (X tons), together comprising a 13% share of total imports. The following importers - Colombia (X tons), Venezuela (X tons) and Peru (X tons) - together made up 9.7% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Colombia (with a CAGR of +20.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Brazil ($X), Argentina ($X) and Chile ($X) appeared to be the countries with the highest levels of imports in 2021, with a combined 88% share of total imports. These countries were followed by Paraguay, Colombia, Peru and Venezuela, which together accounted for a further 11%.

In terms of the main importing countries, Colombia, with a CAGR of +18.8%, saw 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 MERCOSUR amounted to $X per ton, picking up by 2.6% against the previous year. Over the period under review, the import price, however, saw a perceptible shrinkage. The pace of growth was the most pronounced in 2018 when the import price increased by 8.3% against the previous year. As a result, import price attained the peak level of $X per ton. From 2019 to 2021, the import prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Brazil ($X per ton), while Venezuela ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Brazil (+0.3%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform