MERCOSUR: Vulcanised Rubber Thread Market 2024

Vulcanised Rubber Thread Market Size in MERCOSUR

The MERCOSUR vulcanised rubber thread market skyrocketed to $X in 2021, with an increase of 42% against the previous year. The total consumption indicated a slight increase from 2012 to 2021: its value increased at an average annual rate of +1.0% 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 +61.5% against 2016 indices. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Vulcanised Rubber Thread Production in MERCOSUR

In value terms, vulcanised rubber thread production skyrocketed to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a noticeable curtailment. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

Vulcanised Rubber Thread Exports

Exports in MERCOSUR

In 2021, shipments abroad of vulcanised rubber thread and cord decreased by -31.3% to X tons for the first time since 2017, thus ending a three-year rising trend. Over the period under review, exports, however, continue to indicate a pronounced increase. The most prominent rate of growth was recorded in 2015 with an increase of 50% against the previous year. The volume of export peaked at X tons in 2020, and then declined remarkably in the following year.

In value terms, vulcanised rubber thread exports skyrocketed to $X in 2021. In general, exports, however, continue to indicate a strong increase. The most prominent rate of growth was recorded in 2018 with an increase of 52% against the previous year. The level of export peaked at $X in 2019; afterwards, it flattened through to 2021.

Exports by Country

In 2021, Brazil (X tons) was the key exporter of vulcanised rubber thread and cord, creating 78% of total exports. It was distantly followed by Peru (X tons), committing a 12% share of total exports. Colombia (X tons), Argentina (X tons) and Chile (X tons) took a relatively small share of total exports.

From 2012 to 2021, average annual rates of growth with regard to vulcanised rubber thread exports from Brazil stood at +13.0%. At the same time, Peru (+31.4%), Argentina (+19.2%) and Colombia (+1.9%) displayed positive paces of growth. Moreover, Peru emerged as the fastest-growing exporter exported in MERCOSUR, with a CAGR of +31.4% from 2012-2021. By contrast, Chile (-25.2%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Brazil, Peru and Argentina increased by +42, +10 and +2.5 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) remains the largest vulcanised rubber thread supplier in MERCOSUR, comprising 95% of total exports. The second position in the ranking was taken by Argentina ($X), with a 2.1% share of total exports. It was followed by Colombia, with a 1.6% share.

From 2012 to 2021, the average annual growth rate of value in Brazil stood at +13.2%. The remaining exporting countries recorded the following average annual rates of exports growth: Argentina (+3.5% per year) and Colombia (+7.9% per year).

Export Prices by Country

In 2021, the export price in MERCOSUR amounted to $X per ton, picking up by 98% against the previous year. Overall, the export price saw a perceptible increase. Over the period under review, the export prices reached the maximum at $X per ton in 2018; however, from 2019 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 Brazil ($X per ton), while Peru ($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 (+5.9%), while the other leaders experienced more modest paces of growth.

Vulcanised Rubber Thread Imports

Imports in MERCOSUR

In 2021, purchases abroad of vulcanised rubber thread and cord increased by 9.7% to X tons, rising for the second year in a row after two years of decline. Total imports indicated perceptible growth from 2012 to 2021: its volume increased at an average annual rate of +4.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +58.0% against 2019 indices. The growth pace was the most rapid in 2020 when imports increased by 44%. Over the period under review, imports reached the maximum in 2021 and are expected to retain growth in years to come.

In value terms, vulcanised rubber thread imports surged to $X in 2021. Total imports indicated a pronounced increase from 2012 to 2021: its value increased at an average annual rate of +2.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +89.0% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Brazil was the key importing country with an import of about X tons, which amounted to 54% of total imports. It was distantly followed by Argentina (X tons), Colombia (X tons) and Peru (X tons), together making up a 37% share of total imports. Ecuador (X tons), Venezuela (X tons) and Chile (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to vulcanised rubber thread imports into Brazil stood at +4.9%. At the same time, Colombia (+7.9%), Argentina (+5.7%), Chile (+2.5%), Peru (+2.1%) and Ecuador (+2.0%) displayed positive paces of growth. Moreover, Colombia emerged as the fastest-growing importer imported in MERCOSUR, with a CAGR of +7.9% from 2012-2021. By contrast, Venezuela (-4.9%) illustrated a downward trend over the same period. Colombia (+3.1 p.p.) and Brazil (+2.8 p.p.) significantly strengthened its position in terms of the total imports, while Peru and Venezuela saw its share reduced by -2.6% and -3.3% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) constitutes the largest market for imported vulcanised rubber thread and cord in MERCOSUR, comprising 52% of total imports. The second position in the ranking was taken by Argentina ($X), with a 15% share of total imports. It was followed by Peru, with a 12% share.

In Brazil, vulcanised rubber thread imports expanded at an average annual rate of +2.5% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Argentina (+4.5% per year) and Peru (+0.1% per year).

Import Prices by Country

The import price in MERCOSUR stood at $X per ton in 2021, increasing by 28% against the previous year. Over the period under review, the import price, however, continues to indicate a mild slump. Over the period under review, import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Average prices varied somewhat amongst the major importing countries. In 2021, major importing countries recorded the following prices: in Chile ($X per ton) and Ecuador ($X per ton), while Colombia ($X per ton) and Brazil ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Chile (+0.4%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform