Northern America: Reclaimed Rubber Market 2024

Reclaimed Rubber Market Size in Northern America

The North American reclaimed rubber market stood at $X in 2021, growing by 9.3% against the previous year. The market value increased at an average annual rate of +2.6% over the period from 2012 to 2021; however, the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. As a result, consumption attained the peak level of $X. From 2014 to 2021, the growth of the market failed to regain momentum.

Reclaimed Rubber Production in Northern America

In value terms, reclaimed rubber production rose notably to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +4.6% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2013 with an increase of 32%. The level of production peaked at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Reclaimed Rubber Exports

Exports in Northern America

In 2021, the amount of reclaimed rubber exported in Northern America amounted to X tons, with an increase of 4.2% against the year before. Over the period under review, exports continue to indicate a buoyant increase. The most prominent rate of growth was recorded in 2017 when exports increased by 50%. Over the period under review, the exports attained the maximum in 2021 and are expected to retain growth in years to come.

In value terms, reclaimed rubber exports surged to $X in 2021. Overall, exports enjoyed a prominent expansion. The pace of growth appeared the most rapid in 2017 when exports increased by 47% against the previous year. The level of export peaked in 2021 and is expected to retain growth in the immediate term.

Exports by Country

Canada represented the key exporter of reclaimed rubber in Northern America, with the volume of exports accounting for X tons, which was near 58% of total exports in 2021. It was distantly followed by the United States (X tons), making up a 42% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by the United States (with a CAGR of +14.4%).

In value terms, Canada ($X) remains the largest reclaimed rubber supplier in Northern America, comprising 75% of total exports. The second position in the ranking was held by the United States ($X), with a 25% share of total exports.

From 2012 to 2021, the average annual growth rate of value in Canada stood at +10.5%.

Export Prices by Country

The export price in Northern America stood at $X per ton in 2021, picking up by 14% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The level of export peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Canada ($X per ton), while the United States totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (+2.5%).

Reclaimed Rubber Imports

Imports in Northern America

In 2021, reclaimed rubber imports in Northern America surged to X tons, rising by 16% compared with 2020. Total imports indicated buoyant growth from 2012 to 2021: its volume increased at an average annual rate of +5.2% 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 +87.5% against 2014 indices. The most prominent rate of growth was recorded in 2017 when imports increased by 18%. The volume of import peaked in 2021 and is likely to continue growth in the near future.

In value terms, reclaimed rubber imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +2.5% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

The United States was the main importer of reclaimed rubber in Northern America, with the volume of imports finishing at X tons, which was approx. 77% of total imports in 2021. It was distantly followed by Canada (X tons), achieving a 23% share of total imports.

Imports into the United States increased at an average annual rate of +3.1% from 2012 to 2021. At the same time, Canada (+20.1%) displayed positive paces of growth. Moreover, Canada emerged as the fastest-growing importer imported in Northern America, with a CAGR of +20.1% from 2012-2021. From 2012 to 2021, the share of Canada increased by +16 percentage points.

In value terms, the United States ($X) constitutes the largest market for imported reclaimed rubber in Northern America, comprising 86% of total imports. The second position in the ranking was taken by Canada ($X), with a 14% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value in the United States stood at +1.8%.

Import Prices by Country

In 2021, the import price in Northern America amounted to $X per ton, growing by 9.3% against the previous year. Over the period under review, the import price, however, showed a noticeable reduction. The level of import peaked at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was the United States ($X per ton), while Canada amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (-1.2%).

Source: IndexBox Platform

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