Puerto Rico: Reclaimed Rubber Market 2024

Reclaimed Rubber Market Size in Puerto Rico

In 2021, the Puerto Rican reclaimed rubber market increased by 12% to $X for the first time since 2018, thus ending a two-year declining trend. Overall, the total consumption indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +5.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -19.1% against 2018 indices. Puerto Rico consumption peaked at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Reclaimed Rubber Production in Puerto Rico

In value terms, reclaimed rubber production reached $X in 2021 estimated in export price. Overall, the total production indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +5.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -18.1% against 2018 indices. The most prominent rate of growth was recorded in 2014 when the production volume increased by 28%. Puerto Rico production peaked at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Reclaimed Rubber Exports

Exports from Puerto Rico

In 2021, exports of reclaimed rubber from Puerto Rico was estimated at less than X kg, leveling off at the previous year's figure. Over the period under review, exports showed a relatively flat trend pattern.

In value terms, reclaimed rubber exports stood at less than $X in 2021. Overall, exports continue to indicate a relatively flat trend pattern.

Exports by Country

In 2021, China (X tons), distantly followed by India (X tons), Canada (X tons), Thailand (X tons), the United States (X tons) and the Netherlands (X tons) represented the major exporters of reclaimed rubber, together mixing up 71% of total exports. The following exporters - Malaysia (X tons), Portugal (X tons), Croatia (X tons), Germany (X tons), the UK (X tons), Indonesia (X tons) and Belarus (X tons) - together made up 16% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Croatia (with a CAGR of +115.7%), while the other leaders experienced more modest paces of growth.

In value terms, China ($X), India ($X) and Canada ($X) were the countries with the highest levels of exports in 2021, with a combined 59% share of total exports. These countries were followed by the Netherlands, Thailand, the United States, Malaysia, Germany, Indonesia, Portugal, Croatia, the UK and Belarus, which together accounted for a further 27%.

Croatia, with a CAGR of +141.1%, saw the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Puerto Rico stood at less than $X per ton in 2021, remaining stable against the previous year. Over the period under review, the export price saw a relatively flat trend pattern.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was China ($X per ton), while Belarus ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Croatia (+11.8%), while the other leaders experienced mixed trends in the export price figures.

Reclaimed Rubber Imports

Imports into Puerto Rico

In 2021, approx. less than X kg of reclaimed rubber were imported into Puerto Rico; remaining stable against the previous year. Over the period under review, imports continue to indicate a relatively flat trend pattern.

In value terms, reclaimed rubber imports stood at less than $X in 2021. Overall, imports saw a relatively flat trend pattern.

Imports by Country

China (X tons) and the United States (X tons) represented roughly 41% of total imports in 2021. It was distantly followed by Canada (X tons), achieving a 5.1% share of total imports. The following importers - South Korea (X tons), Indonesia (X tons), Sri Lanka (X tons), Thailand (X tons), the Czech Republic (X tons), the Netherlands (X tons), Vietnam (X tons), Russia (X tons), Germany (X tons) and Turkey (X tons) - together made up 28% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Canada (with a CAGR of +20.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest reclaimed rubber importing markets into Puerto Rico were China ($X), the United States ($X) and the Netherlands ($X), together accounting for 44% of total imports.

Among the main importing countries, the Netherlands, with a CAGR of +22.0%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in Puerto Rico amounted to less than $X per ton, remaining constant against the previous year. Overall, the import price saw a relatively flat trend pattern.

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 Netherlands ($X per ton), while Russia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+13.5%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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