Portugal: Market for Natural Rubber And Gums 2025

Market Size for Natural Rubber And Gums in Portugal

The Portuguese natural rubber and gum market declined to $X in 2022, which is down by -4.2% 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, the total consumption indicated a measured expansion from 2012 to 2022: its value increased at an average annual rate of +3.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +87.0% against 2020 indices. As a result, consumption attained the peak level of $X, and then fell modestly in the following year.

Exports of Natural Rubber And Gums

Exports from Portugal

In 2022, after two years of decline, there was significant growth in shipments abroad of natural rubber and gums, when their volume increased by 196% to X tons. Over the period under review, exports posted a notable expansion. The pace of growth appeared the most rapid in 2014 when exports increased by 419% against the previous year. As a result, the exports reached the peak of X tons. From 2015 to 2022, the growth of the exports remained at a lower figure.

In value terms, natural rubber and gum exports soared to $X in 2022. In general, exports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when exports increased by 308% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Spain (X tons) was the main destination for natural rubber and gum exports from Portugal, accounting for a 73% share of total exports. Moreover, natural rubber and gum exports to Spain exceeded the volume sent to the second major destination, Germany (X tons), fivefold. Italy (X tons) ranked third in terms of total exports with a 6.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Spain totaled +53.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+29.6% per year) and Italy (-18.1% per year).

In value terms, Spain ($X) remains the key foreign market for natural rubber and gums exports from Portugal, comprising 72% of total exports. The second position in the ranking was taken by Germany ($X), with a 12% share of total exports. It was followed by Italy, with a 7.1% share.

From 2012 to 2022, the average annual growth rate of value to Spain amounted to +48.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+23.9% per year) and Italy (-20.6% per year).

Export Prices by Country

The average natural rubber and gum export price stood at $X per ton in 2022, declining by -5.7% against the previous year. Overall, the export price continues to indicate a pronounced contraction. The growth pace was the most rapid in 2020 an increase of 17%. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were Italy ($X per ton) and Spain ($X per ton), while the average price for exports to France ($X per ton) and Germany ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Italy (-3.0%), while the prices for the other major destinations experienced a decline.

Imports of Natural Rubber And Gums

Imports into Portugal

Natural rubber and gum imports into Portugal fell to X tons in 2022, waning by -6.6% against the year before. Over the period under review, imports, however, posted prominent growth. The most prominent rate of growth was recorded in 2014 with an increase of 84% against the previous year. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, natural rubber and gum imports totaled $X in 2022. Overall, total imports indicated a slight increase from 2012 to 2022: its value increased at an average annual rate of +1.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +104.4% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 102% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Spain (X tons) constituted the largest natural rubber and gum supplier to Portugal, with a 41% share of total imports. Moreover, natural rubber and gum imports from Spain exceeded the figures recorded by the second-largest supplier, Malaysia (X tons), twofold. Thailand (X tons) ranked third in terms of total imports with a 14% share.

From 2012 to 2022, the average annual growth rate of volume from Spain totaled +10.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+111.8% per year) and Thailand (-2.6% per year).

In value terms, Spain ($X) constituted the largest supplier of natural rubber and gums to Portugal, comprising 43% of total imports. The second position in the ranking was held by Malaysia ($X), with a 17% share of total imports. It was followed by Thailand, with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Spain totaled +7.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+99.0% per year) and Thailand (-5.4% per year).

Import Prices by Country

The average natural rubber and gum import price stood at $X per ton in 2022, growing by 8.2% against the previous year. In general, the import price, however, recorded a noticeable contraction. The growth pace was the most rapid in 2017 an increase of 22% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from France ($X per ton) and Germany ($X per ton), while the price for Cameroon ($X per ton) and Guatemala ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Guatemala (+2.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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