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Mexico - Synthetic Latex Rubber - Market Analysis, Forecast, Size, Trends and Insights

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Mexico: Synthetic Latex Rubber Market 2024

Synthetic Latex Rubber Market Size in Mexico

The Mexican synthetic latex rubber market was estimated at $X in 2021, approximately reflecting the previous year. Over the period under review, consumption, however, showed a noticeable curtailment. As a result, consumption reached the peak level of $X. From 2015 to 2021, the growth of the market failed to regain momentum.

Synthetic Latex Rubber Production in Mexico

In value terms, synthetic latex rubber production reached $X in 2021 estimated in export price. Over the period under review, production, however, showed a noticeable contraction. The most prominent rate of growth was recorded in 2014 with an increase of 6.4%. As a result, production attained the peak level of $X. From 2015 to 2021, production growth remained at a somewhat lower figure.

Synthetic Latex Rubber Exports

Exports from Mexico

In 2021, shipments abroad of synthetic latex rubber increased by 22% to X tons, rising for the third year in a row after four years of decline. Over the period under review, exports posted a perceptible expansion. The most prominent rate of growth was recorded in 2019 with an increase of 90%. The exports peaked at X tons in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, synthetic latex rubber exports soared to $X in 2021. In general, exports, however, continue to indicate a slight contraction. The pace of growth appeared the most rapid in 2014 when exports increased by 65%. As a result, the exports reached the peak of $X. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Colombia (X tons) was the main destination for synthetic latex rubber exports from Mexico, accounting for a 92% share of total exports. Moreover, synthetic latex rubber exports to Colombia exceeded the volume sent to the second major destination, Ecuador (X tons), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Colombia amounted to +6.0%.

In value terms, Colombia ($X) remains the key foreign market for synthetic latex rubber exports from Mexico, comprising 78% of total exports. The second position in the ranking was taken by Ecuador ($X), with a 13% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Colombia was relatively modest.

Export Prices by Country

The average synthetic latex rubber export price stood at $X per ton in 2021, picking up by 4.2% against the previous year. Overall, the export price, however, saw a perceptible shrinkage. The growth pace was the most rapid in 2018 when the average export price increased by 35%. As a result, the export price reached the peak level of $X per ton. From 2019 to 2021, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Ecuador ($X per ton), while the average price for exports to Colombia stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Ecuador (+0.8%), while the prices for the other major destinations experienced a decline.

Synthetic Latex Rubber Imports

Imports into Mexico

In 2021, after three years of decline, there was significant growth in overseas purchases of synthetic latex rubber, when their volume increased by 24% to X tons. In general, imports, however, saw a noticeable curtailment. Imports peaked at X tons in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, synthetic latex rubber imports totaled $X in 2021. Over the period under review, imports, however, saw a abrupt curtailment. The pace of growth appeared the most rapid in 2013 when imports increased by 15%. Over the period under review, imports attained the maximum at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, the United States (X tons) was the main supplier of synthetic latex rubber to Mexico, with a 100% share of total imports. It was followed by Germany (X tons), with a 0.3% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United States totaled +7.3%.

In value terms, the United States ($X) constituted the largest supplier of synthetic latex rubber to Mexico, comprising 99% of total imports. The second position in the ranking was taken by Germany ($X), with a 0.6% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States was relatively modest.

Import Prices by Country

The average synthetic latex rubber import price stood at $X per ton in 2021, with a decrease of -11.6% against the previous year. Over the period under review, the import price showed a perceptible downturn. The growth pace was the most rapid in 2015 when the average import price increased by 15%. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for the United States amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+1.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for synthetic latex rubber in the world?

China constituted the country with the largest volume of synthetic latex rubber consumption, accounting for 20% of total volume. Moreover, synthetic latex rubber consumption in China exceeded the figures recorded by the second-largest consumer, Malaysia, twofold. The third position in this ranking was occupied by India, with a 7.9% share.

What are the largest producers of synthetic latex rubber in the world?

The countries with the highest volumes of synthetic latex rubber production in 2021 were China, South Korea and India, together comprising 40% of global production.

What are the leading suppliers of synthetic latex rubber to Mexico?

In value terms, the United States constituted the largest supplier of synthetic latex rubber to Mexico, comprising 93% of total imports. The second position in the ranking was occupied by Germany, with a 3% share of total imports.

What are the leading importers of synthetic latex rubber from Mexico?

In value terms, Ecuador remains the key foreign market for synthetic latex rubber exports from Mexico, comprising 74% of total exports. The second position in the ranking was occupied by the United States, with a 16% share of total exports.

What is the average export price for synthetic latex rubber in Mexico?

In 2021, the average synthetic latex rubber export price amounted to $2,006 per ton, increasing by 71% against the previous year.

What is the average import price for synthetic latex rubber in Mexico?

The average synthetic latex rubber import price stood at $1,911 per ton in 2021, surging by 60% against the previous year.

This report provides an in-depth analysis of the synthetic latex rubber market in Mexico. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 20171050 - Synthetic latex rubber

Country coverage:

Mexico

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Mexico
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023