Report Update Nov 1, 2024

Puerto Rico - Synthetic Rubber - Market Analysis, Forecast, Size, Trends and Insights

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Puerto Rico: Synthetic Rubber Market 2024

Synthetic Rubber Market Size in Puerto Rico

The Puerto Rican synthetic rubber market amounted to less than $X in 2021, remaining relatively unchanged 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 recorded a relatively flat trend pattern.

Synthetic Rubber Exports

Exports from Puerto Rico

In 2021, the amount of synthetic rubber exported from Puerto Rico totaled less than X kg, approximately mirroring the previous year. Over the period under review, exports showed a relatively flat trend pattern.

In value terms, synthetic rubber exports stood at less than $X in 2021. Overall, exports recorded a relatively flat trend pattern.

Exports by Country

In 2021, South Korea (X tons), Thailand (X tons), Vietnam (X tons), Russia (X tons), the United States (X tons), Germany (X tons), Taiwan (Chinese) (X tons), Japan (X tons), Malaysia (X tons), China (X tons), Belgium (X tons) and France (X tons) represented the largest exporter of synthetic rubber in the world, generating 81% of total export. Poland (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Vietnam (with a CAGR of +51.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), South Korea ($X) and Japan ($X) appeared to be the countries with the highest levels of exports in 2021, with a combined 27% share of total exports. These countries were followed by Thailand, Vietnam, Russia, Taiwan (Chinese), Germany, Belgium, China, Malaysia, France and Poland, which together accounted for a further 55%.

In terms of the main exporting countries, Vietnam, with a CAGR of +69.6%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the export price in Puerto Rico amounted to less than $X per ton, leveling off at the previous year. Over the period under review, the export price continues to indicate 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 Japan ($X per ton), while South Korea ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+12.1%), while the other leaders experienced mixed trends in the export price figures.

Synthetic Rubber Imports

Imports into Puerto Rico

In 2021, imports of synthetic rubber into Puerto Rico was estimated at less than X kg, standing approx. at 2020 figures. Overall, imports recorded a relatively flat trend pattern.

In value terms, synthetic rubber imports amounted to less than $X in 2021. Over the period under review, imports continue to indicate a relatively flat trend pattern.

Imports by Country

China was the major importer of synthetic rubber in the world, with the volume of imports accounting for X tons, which was near 31% of total imports in 2021. Malaysia (X tons) took an 8% share (based on physical terms) of total imports, which put it in second place, followed by India (4.9%), Thailand (4.9%) and the United States (4.5%). The following importers - Germany (X tons), Belgium (X tons), Turkey (X tons), Indonesia (X tons), Italy (X tons), Poland (X tons), Brazil (X tons) and Vietnam (X tons) - together made up 22% of total imports.

China was also the fastest-growing in terms of the synthetic rubber imports, with a CAGR of +13.3% from 2012 to 2021. At the same time, Malaysia (+11.6%), Brazil (+5.5%), Turkey (+5.2%), Vietnam (+5.1%), Thailand (+5.0%), Poland (+4.9%), India (+4.5%), Italy (+3.5%), Indonesia (+3.1%), Belgium (+2.1%) and the United States (+1.6%) displayed positive paces of growth. Germany experienced a relatively flat trend pattern. China (+15 p.p.) and Malaysia (+3.3 p.p.) significantly strengthened its position in terms of the global imports, while the United States and Germany saw its share reduced by -1.6% and -1.8% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported synthetic rubber into Puerto Rico, comprising 28% of global imports. The second position in the ranking was taken by Malaysia ($X), with an 8.3% share of global imports. It was followed by Thailand, with a 5.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value in China amounted to +5.6%. The remaining importing countries recorded the following average annual rates of imports growth: Malaysia (+12.3% per year) and Thailand (+1.8% per year).

Import Prices by Country

The import price in Puerto Rico stood at less than $X per ton in 2021, remaining relatively unchanged against the previous year. In general, the import price recorded a relatively flat trend pattern.

Average prices varied somewhat amongst the major importing countries. In 2021, major importing countries recorded the following prices: in Germany ($X per ton) and Indonesia ($X per ton), while India ($X per ton) and China ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+0.6%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

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

China constituted the country with the largest volume of synthetic rubber consumption, 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. These countries were followed by Japan, Russia, Thailand, Vietnam, Germany, Indonesia, Taiwan Chinese), Mexico, France and Italy, which together accounted for a further 43%.

What are the leading suppliers of synthetic rubber to Puerto Rico?

In value terms, China constitutes the largest market for imported synthetic rubber into Puerto Rico, comprising 34% of global imports. The second position in the ranking was occupied by the U.S., with a 4.9% share of global imports. It was followed by Malaysia, with a 4.8% share.

What are the leading importers of synthetic rubber from Puerto Rico?

In value terms, the largest synthetic rubber supplying countries from Puerto Rico were South Korea, Thailand and Japan, together comprising 33% of total exports. These countries were followed by the U.S., Vietnam, Russia, Germany, Taiwan Chinese), Belgium, Malaysia, China, Singapore and Poland, which together accounted for a further 52%.

What is the average export price for synthetic rubber in Puerto Rico?

The synthetic rubber export price in Puerto Rico stood at $0 per ton in 2020, remaining constant against the previous year.

What is the average import price for synthetic rubber in Puerto Rico?

In 2020, the synthetic rubber import price in Puerto Rico amounted to $0 per ton, flattening at the previous year.

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

Puerto Rico

Data coverage:

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