Venezuela: Unvulcanised Rubber Market 2025

Unvulcanised Rubber Market Size in Venezuela

In 2021, the Venezuelan unvulcanised rubber market was finally on the rise to reach $X after two years of decline. In general, consumption, however, saw a slight descent. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Unvulcanised Rubber Production in Venezuela

In value terms, unvulcanised rubber production surged to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a slight decrease. Unvulcanised rubber production peaked at $X in 2014; however, from 2015 to 2021, production remained at a lower figure.

Unvulcanised Rubber Exports

Exports from Venezuela

For the ninth year in a row, Venezuela recorded decline in shipments abroad of unvulcanised rubber, which decreased by -25.2% to X tons in 2021. Over the period under review, exports faced a dramatic descent. The smallest decline of -25.2% was in 2019. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, unvulcanised rubber exports declined sharply to $X in 2021. In general, exports recorded a sharp contraction. The smallest decline of -29.9% was in 2017. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Cuba (X tons) was the main destination for unvulcanised rubber exports from Venezuela, with a 96% share of total exports. It was followed by Italy (X kg), with a 2.2% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Cuba totaled -33.1%.

In value terms, Cuba ($X) remains the key foreign market for unvulcanised rubber exports from Venezuela, comprising 98% of total exports. The second position in the ranking was taken by Italy ($X), with a 0.8% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Cuba amounted to -35.4%.

Export Prices by Country

In 2021, the average unvulcanised rubber export price amounted to $X per ton, reducing by -6.3% against the previous year. In general, the export price showed a noticeable reduction. The pace of growth was the most pronounced in 2013 an increase of 12%. Over the period under review, the average export prices reached the maximum at $X per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Cuba ($X per ton), while the average price for exports to Italy stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Cuba (-3.4%).

Unvulcanised Rubber Imports

Imports into Venezuela

After six years of decline, overseas purchases of unvulcanised rubber increased by 39% to X tons in 2021. Overall, imports, however, continue to indicate a dramatic decrease. Imports peaked at X tons in 2014; however, from 2015 to 2021, imports failed to regain momentum.

In value terms, unvulcanised rubber imports skyrocketed to $X in 2021. Over the period under review, imports, however, faced a sharp decline. The pace of growth appeared the most rapid in 2013 when imports increased by 35%. Imports peaked at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Peru (X tons) constituted the largest unvulcanised rubber supplier to Venezuela, accounting for a 72% share of total imports. Moreover, unvulcanised rubber imports from Peru exceeded the figures recorded by the second-largest supplier, France (X tons), sevenfold. The third position in this ranking was held by Brazil (X tons), with a 6.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Peru amounted to +8.7%. The remaining supplying countries recorded the following average annual rates of imports growth: France (-4.8% per year) and Brazil (-15.3% per year).

In value terms, Peru ($X) constituted the largest supplier of unvulcanised rubber to Venezuela, comprising 51% of total imports. The second position in the ranking was taken by France ($X), with a 13% share of total imports. It was followed by Colombia, with a 7.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Peru totaled +4.9%. The remaining supplying countries recorded the following average annual rates of imports growth: France (-5.2% per year) and Colombia (+18.3% per year).

Import Prices by Country

In 2021, the average unvulcanised rubber import price amounted to $X per ton, falling by -6.3% against the previous year. Overall, the import price continues to indicate a pronounced decrease. The growth pace was the most rapid in 2016 an increase of 25%. As a result, import price attained the peak level of $X per ton. From 2017 to 2021, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Colombia ($X per ton), while the price for Peru ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Colombia (+4.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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