Peru: Unvulcanized Rubber Market 2025

Unvulcanized Rubber Market Size in Peru

The Peruvian unvulcanized rubber market reduced sharply to $X in 2022, declining by -15.5% 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). Overall, consumption, however, showed a relatively flat trend pattern. As a result, consumption reached the peak level of $X, and then contracted sharply in the following year.

Unvulcanized Rubber Exports

Exports from Peru

Unvulcanized rubber exports from Peru reduced slightly to X tons in 2022, approximately mirroring the previous year. Overall, exports showed a noticeable slump. The growth pace was the most rapid in 2017 when exports increased by 23%. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, unvulcanized rubber exports dropped to $X in 2022. Over the period under review, exports recorded a deep slump. The pace of growth was the most pronounced in 2021 with an increase of 30% against the previous year. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Ecuador (X tons) was the main destination for unvulcanized rubber exports from Peru, accounting for a 36% share of total exports. Moreover, unvulcanized rubber exports to Ecuador exceeded the volume sent to the second major destination, Mexico (X tons), threefold. The third position in this ranking was held by Bolivia (X tons), with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Ecuador totaled +3.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (+51.2% per year) and Bolivia (+28.3% per year).

In value terms, Ecuador ($X) remains the key foreign market for unvulcanized rubber and articles thereof exports from Peru, comprising 37% of total exports. The second position in the ranking was held by Mexico ($X), with a 15% share of total exports. It was followed by Bolivia, with a 9.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Ecuador was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (+48.5% per year) and Bolivia (+17.3% per year).

Export Prices by Country

In 2022, the average unvulcanized rubber export price amounted to $X per ton, waning by -11% against the previous year. Overall, the export price saw a perceptible decrease. The most prominent rate of growth was recorded in 2021 when the average export price increased by 8.9%. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Venezuela ($X per ton), while the average price for exports to Bolivia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Venezuela (+10.7%), while the prices for the other major destinations experienced mixed trend patterns.

Unvulcanized Rubber Imports

Imports into Peru

Unvulcanized rubber imports into Peru contracted to X tons in 2022, declining by -7.7% on the previous year. The total import volume increased at an average annual rate of +1.3% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2019 with an increase of 46% against the previous year. As a result, imports reached the peak of X tons. From 2020 to 2022, the growth of imports failed to regain momentum.

In value terms, unvulcanized rubber imports declined sharply to $X in 2022. Over the period under review, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 47%. As a result, imports reached the peak of $X, and then reduced rapidly in the following year.

Imports by Country

Thailand (X tons), Brazil (X tons) and Sweden (X tons) were the main suppliers of unvulcanized rubber imports to Peru, with a combined 50% share of total imports. China, Malaysia, Germany, the United States, Chile, Mexico, Hong Kong SAR, Canada, Spain and Italy lagged somewhat behind, together accounting for a further 43%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Canada (with a CAGR of +70.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Thailand ($X), the United States ($X) and Brazil ($X) appeared to be the largest unvulcanized rubber suppliers to Peru, with a combined 49% share of total imports. China, Malaysia, Sweden, Germany, Chile, Spain, Canada, Mexico, Hong Kong SAR and Italy lagged somewhat behind, together accounting for a further 42%.

Canada, with a CAGR of +36.2%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average unvulcanized rubber import price stood at $X per ton in 2022, shrinking by -8.9% against the previous year. Over the period under review, the import price saw a mild curtailment. The pace of growth appeared the most rapid in 2021 an increase of 19% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Hong Kong SAR ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+8.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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