Updated Jan 11, 2023 17:35

Market for Natural Rubber And Gum in Argentina

Market Overview
In , the Argentinian natural rubber and gum market increased by % to $, rising for the third consecutive year after two years of decline. Overall, consumption enjoyed a measured increase. Natural rubber and gum consumption peaked in and is expected to retain growth in years to come.


Consumption
For the third consecutive year, Argentina recorded growth in consumption of natural rubber and gums, which increased by % to tons in . In general, consumption continues to indicate a relatively flat trend pattern. As a result, consumption attained the peak volume and is likely to continue growth in the immediate term.

The value of the natural rubber and gum market in Argentina soared to $ in , increasing by % 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 tangible increase. Natural rubber and gum consumption peaked in and is likely to see steady growth in the near future.


Market Forecast
The natural rubber and gum market is expected to start a downward consumption trend over the next eight years. The performance of the market is forecast to decrease slightly, with an anticipated CAGR of -% for the eight-year period from to , which is projected to depress the market volume to tons by the end of .

In value terms, the market is forecast to contract with an anticipated CAGR of +% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .


Market Structure
Natural rubber and gum market in Argentina consists almost entirely of imported products. In , the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports increased moderately ( percentage point) over the period under review.


Trade Balance
Argentina remains a net importer of natural rubber and gum; in physical and value terms, imports consistently exceeded exports from 2007 to . In , there was a significant trade deficit of tons, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.