Report Update Nov 1, 2024

Peru - Synthetic Rubber - Market Analysis, Forecast, Size, Trends and Insights

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Peru: Synthetic Rubber Market 2024

Synthetic Rubber Market Size in Peru

The Peruvian synthetic rubber market fell slightly to $X in 2021, dropping by -3.8% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption saw a drastic downturn. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Synthetic Rubber Exports

Exports from Peru

In 2020, approx. X tons of synthetic rubber were exported from Peru; picking up by 93% against the previous year. Over the period under review, exports saw a buoyant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, synthetic rubber exports surged to $X in 2020. In general, exports continue to indicate a buoyant increase. The most prominent rate of growth was recorded in 2013 with an increase of 71%. The exports peaked in 2020 and are expected to retain growth in the immediate term.

Exports by Country

Chile (X tons), Bolivia (X tons) and Colombia (X tons) were the main destinations of synthetic rubber exports from Peru, with a combined 75% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Colombia (with a CAGR of +29.7%), while shipments for the other leaders experienced a decline.

In value terms, Chile ($X), Bolivia ($X) and Colombia ($X) were the largest markets for synthetic rubber exported from Peru worldwide, together accounting for 75% of total exports.

In terms of the main countries of destination, Colombia, with a CAGR of +27.8%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2021, the average synthetic rubber export price amounted to less than $X per ton, reducing by 99.9% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of 90% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2021, the average export prices failed to regain momentum.

Average prices varied somewhat for the major export markets. In 2021, amid the top suppliers, the highest price was recorded for prices to Chile ($X per ton) and Colombia ($X per ton), while the average price for exports to Bolivia ($X per ton) and Ecuador ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Bolivia (+7.5%), while the prices for the other major destinations experienced a decline.

Synthetic Rubber Imports

Imports into Peru

In 2021, synthetic rubber imports into Peru declined sharply to X tons, which is down by -27.4% on the year before. Over the period under review, imports recorded a abrupt decline. The pace of growth was the most pronounced in 2016 with an increase of 8.9%. Imports peaked at X tons in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, synthetic rubber imports expanded sharply to $X in 2021. Overall, imports faced a deep reduction. The most prominent rate of growth was recorded in 2017 with an increase of 27% against the previous year. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

The United States (X tons), Russia (X tons) and South Korea (X tons) were the main suppliers of synthetic rubber imports to Peru, together comprising 62% of total imports. Brazil, Italy, Mexico, China and Spain lagged somewhat behind, together accounting for a further 22%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Italy (with a CAGR of +17.5%), while imports for the other leaders experienced a decline.

In value terms, the United States ($X), Russia ($X) and South Korea ($X) appeared to be the largest synthetic rubber suppliers to Peru, with a combined 58% share of total imports. These countries were followed by Brazil, China, Italy, Mexico and Spain, which together accounted for a further 20%.

Italy, with a CAGR of +24.6%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average synthetic rubber import price stood at $X per ton in 2021, increasing by 49% against the previous year. In general, the import price, however, recorded a noticeable contraction. The import price peaked at $X per ton in 2012; however, from 2013 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 China ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+6.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

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

China remains the largest synthetic rubber consuming country worldwide, accounting for 31% of total volume. Moreover, synthetic rubber consumption in China exceeded the figures recorded by the second-largest consumer, the U.S., threefold. Japan ranked third in terms of total consumption with a 5.3% share.

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

The countries with the highest volumes of synthetic rubber production in 2020 were the U.S., China and South Korea, with a combined 35% share of global production. Japan, Russia, Thailand, Vietnam, Germany, Indonesia, Taiwan Chinese), Mexico, France and Italy lagged somewhat behind, together comprising a further 43%.

What are the leading suppliers of synthetic rubber to Peru?

In value terms, the U.S., Russia and South Korea were the largest synthetic rubber suppliers to Peru, with a combined 63% share of total imports. These countries were followed by Germany, Italy, Brazil, Mexico and Serbia, which together accounted for a further 23%.

What are the leading importers of synthetic rubber from Peru?

In value terms, Chile, Bolivia and Colombia were the largest markets for synthetic rubber exported from Peru worldwide, together comprising 91% of total exports.

What is the average export price for synthetic rubber in Peru?

The average synthetic rubber export price stood at $2,084 per ton in 2020, waning by -4.6% against the previous year.

What is the average import price for synthetic rubber in Peru?

In 2020, the average synthetic rubber import price amounted to $1,665 per ton, which is down by -17.2% against the previous year.

This report provides an in-depth analysis of the synthetic rubber market in Peru. 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:

Peru

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Peru
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