Report Update Nov 1, 2024

Northern America - Synthetic Rubber - Market Analysis, Forecast, Size, Trends and Insights

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Northern America: Synthetic Rubber Market 2024

Synthetic Rubber Market Size in Northern America

The North American synthetic rubber market skyrocketed to $X in 2021, jumping by 21% against the previous year. In general, consumption, however, showed a relatively flat trend pattern. The level of consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Synthetic Rubber Production in Northern America

In value terms, synthetic rubber production skyrocketed to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a pronounced slump. The level of production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Synthetic Rubber Exports

Exports in Northern America

In 2021, shipments abroad of synthetic rubber was finally on the rise to reach X tons after four years of decline. Overall, exports, however, saw a pronounced decline. The growth pace was the most rapid in 2016 when exports increased by 5.8%. The volume of export peaked at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, synthetic rubber exports skyrocketed to $X in 2021. Over the period under review, exports, however, recorded a deep downturn. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United States prevails in exports structure, reaching X tons, which was approx. 94% of total exports in 2021. It was distantly followed by Canada (X tons), achieving a 5.6% share of total exports.

The United States was also the fastest-growing in terms of the synthetic rubber exports, with a CAGR of -2.5% from 2012 to 2021. Canada (-7.4%) illustrated a downward trend over the same period. The United States (+3 p.p.) significantly strengthened its position in terms of the total exports, while Canada saw its share reduced by -3% from 2012 to 2021, respectively.

In value terms, the United States ($X) remains the largest synthetic rubber supplier in Northern America, comprising 94% of total exports. The second position in the ranking was taken by Canada ($X), with a 6.4% share of total exports.

In the United States, synthetic rubber exports decreased by an average annual rate of -5.0% over the period from 2012-2021.

Export Prices by Country

The export price in Northern America stood at $X per ton in 2021, with an increase of 26% against the previous year. Overall, the export price, however, continues to indicate a noticeable decrease. The level of export peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Average prices varied noticeably amongst the major exporting countries. In 2021, 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 the United States (-2.5%).

Synthetic Rubber Imports

Imports in Northern America

In 2021, the amount of synthetic rubber imported in Northern America soared to X tons, with an increase of 16% compared with the previous year. Over the period under review, imports showed a relatively flat trend pattern. Over the period under review, imports attained the maximum at X tons in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, synthetic rubber imports surged to $X in 2021. Overall, imports, however, continue to indicate a pronounced shrinkage. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

The United States represented the major importer of synthetic rubber in Northern America, with the volume of imports resulting at X tons, which was approx. 75% of total imports in 2021. It was distantly followed by Canada (X tons), achieving a 25% share of total imports.

The United States was also the fastest-growing in terms of the synthetic rubber imports, with a CAGR of +1.6% from 2012 to 2021. Canada experienced a relatively flat trend pattern. The United States (+4.5 p.p.) significantly strengthened its position in terms of the total imports, while Canada saw its share reduced by -4.5% from 2012 to 2021, respectively.

In value terms, the United States ($X) constitutes the largest market for imported synthetic rubber in Northern America, comprising 75% of total imports. The second position in the ranking was taken by Canada ($X), with a 25% share of total imports.

In the United States, synthetic rubber imports plunged by an average annual rate of -3.7% over the period from 2012-2021.

Import Prices by Country

The import price in Northern America stood at $X per ton in 2021, jumping by 19% against the previous year. Overall, the import price, however, saw a noticeable downturn. Over the period under review, import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Average prices varied noticeably 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 Canada (-3.9%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for synthetic rubber in Northern America?

The U.S. remains the largest synthetic rubber consuming country in Northern America, comprising approx. 89% of total volume. Moreover, synthetic rubber consumption in the U.S. exceeded the figures recorded by the second-largest consumer, Canada, eightfold.

What are the largest producers of synthetic rubber in Northern America?

The country with the largest volume of synthetic rubber production was the U.S., comprising approx. 93% of total volume. Moreover, synthetic rubber production in the U.S. exceeded the figures recorded by the second-largest producer, Canada, more than tenfold.

What are the leading exporters of synthetic rubber in Northern America?

In value terms, the U.S. remains the largest synthetic rubber supplier in Northern America, comprising 93% of total exports. The second position in the ranking was occupied by Canada, with a 7.3% share of total exports.

What are the leading importers of synthetic rubber in Northern America?

In value terms, the U.S. constitutes the largest market for imported synthetic rubber in Northern America, comprising 77% of total imports. The second position in the ranking was occupied by Canada, with a 23% share of total imports.

What is the average export price for synthetic rubber in Northern America?

The synthetic rubber export price in Northern America stood at $1,968 per ton in 2020, which is down by -16.2% against the previous year.

What is the average import price for synthetic rubber in Northern America?

In 2020, the synthetic rubber import price in Northern America amounted to $1,833 per ton, declining by -18.3% against the previous year.

This report provides an in-depth analysis of the synthetic rubber market in Northern America. 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
Prodcom 20171090 - Synthetic rubber (excluding latex)

Country coverage:

Bermuda
Canada
Greenland
Saint Pierre and Miquelon
United States

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Production in Northern America, split by region and country
Trade (exports and imports) in Northern America
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. CONSUMPTION BY COUNTRY
3. 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
2. PRODUCTION BY COUNTRY
8. IMPORTS
The Largest Importers on The Market and How They Succeed
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Exporters on The Market and How They Succeed
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
11. COUNTRY PROFILES

The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO
- Bermuda
- Canada
- Greenland
- Saint Pierre and Miquelon
- United States
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, By Country, 2018–2023
5. Production, In Physical Terms, By Country, 2012–2023
6. Imports, In Physical Terms, By Country, 2012–2023
7. Imports, In Value Terms, By Country, 2012–2023
8. Import Prices, By Country Of Destination, 2012–2023
9. Exports, In Physical Terms, By Country, 2012–2023
10. Exports, In Value Terms, By Country, 2012–2023
11. Export Prices, By Country Of Origin, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Consumption, By Country, 2023
4. Market Volume Forecast to 2030
5. Market Value Forecast to 2030
6. Products: Market Size And Growth, By Type
7. Products: Average Per Capita Consumption, By Type
8. Products: Exports And Growth, By Type
9. Products: Export Prices And Growth, By Type
10. Production Volume And Growth
11. Exports And Growth
12. Export Prices And Growth
13. Market Size And Growth
14. Per Capita Consumption
15. Imports And Growth
16. Import Prices
17. Production, In Physical Terms, 2012–2023
18. Production, In Value Terms, 2012–2023
19. Production, By Country, 2023
20. Production, In Physical Terms, By Country, 2012–2023
21. Imports, In Physical Terms, 2012–2023
22. Imports, In Value Terms, 2012–2023
23. Imports, In Physical Terms, By Country, 2023
24. Imports, In Physical Terms, By Country, 2012–2023
25. Imports, In Value Terms, By Country, 2012–2023
26. Import Prices, By Country, 2012–2023
27. Exports, In Physical Terms, 2012–2023
28. Exports, In Value Terms, 2012–2023
29. Exports, In Physical Terms, By Country, 2023
30. Exports, In Physical Terms, By Country, 2012–2023
31. Exports, In Value Terms, By Country, 2012–2023
32. Export Prices, 2012–2023