Natural latex in primary forms market in Americas

Earlier Report Observations

The natural latex market in the Americas began the period with relative stability, as volume reached 437.3 thousand tons in 2018 and remained nearly unchanged at 436.2 thousand tons in 2019. This steadiness occurred alongside growing industrialization and urbanization in Latin America, which increased demand for latex products in construction, automotive, and medical sectors. Additionally, the region's emerging middle-class consumer base and developments in sustainable harvesting practices supported underlying market fundamentals.

Market volume then expanded significantly, rising by 5.8% to 461.7 thousand tons in 2020 and by a further 10.1% to 508.5 thousand tons in 2021. In value terms, the market grew even more sharply, from $863 million in 2020 to $1 127 million in 2021, a 30.6% increase. This robust growth phase reflected the ongoing influence of industrial demand and rising consumer purchasing power across the region.

Growth in volume continued at a more moderate pace, reaching 517.1 thousand tons in 2022 and 536.3 thousand tons in 2023. The concentrated latex market in Latin America faced both challenges and opportunities, influenced by persistent industrialization and an expanding middle-class consumer base. During this period, Brazil solidified its role as a key producer through expanded manufacturing capacity, while new players entered the mattress manufacturing segment, catering to growing consumer preference for eco-friendly natural latex products. Global factors, including supply shortages due to plantation diseases and raw material price volatility, contributed to a decline in market value to $1 153 million in 2023, even as physical volume increased.

Production natural latex in primary forms in Americas

In kind, 2017-2020, K t

Top producers of natural latex in primary forms, 2017-2020

World map of production of natural latex in primary forms, 2017-2020

Production of natural latex in primary forms in the Americas has increased for the third consecutive year. In 2020, the region produced 464.5 thousand tonnes, marking a 7.1% rise compared to 2019. From 2017 to 2020, production grew by 17.1%, which translates to an average annual growth rate of 5.4%.

Annual dynamics of production in Americas in kind, 2017-2020, K t

In value, 2017-2020, M $ US

The value of natural latex in primary forms production in the Americas has risen for the second consecutive year. In 2020, output was valued at 846.1 million US dollars, reflecting a significant increase of 16.0% from the previous year. Between 2017 and 2020, production value increased by 4.5%, with an average annual growth rate of 1.5%. The lowest value was recorded in 2018 at 723.7 million US dollars, which also saw the largest decline of 10.6%.

Annual dynamics of production in Americas in value, 2017-2020, M $ US

Exports natural latex in primary forms from Americas

Exports in kind, t

Export volumes of natural latex in primary forms from the Americas have increased for the second consecutive year. In 2020, exports reached 37 274 tonnes, showing a modest rise of 8.5% compared to 2019. From 2017 to 2020, exports grew by 11%, with a compound annual growth rate of 3.5%. The lowest volume was recorded in 2018 at 32 258 tonnes, which also experienced the largest decline of 3.9%.

Annual dynamics of product's exports from Americas in kind, 2017-2020, t

From 2017 to 2020, the three largest markets for exports in kind were Belgium, the Netherlands, and Spain, which together accounted for 10.5% of total export flows.

Structure of product's exports in kind by countries, 2017-2020

World map of product's exports from Americas in kind, 2017-2020

Exports in value, M $ US

The value of natural latex in primary forms exports from the Americas has increased for the second consecutive year. In 2020, exports amounted to 67.9 million US dollars, representing a 17.5% increase year-over-year. The lowest value was recorded in 2018 at 56.8 million US dollars, which also saw the largest decline of 17.0%.

Annual dynamics of product's exports from Americas in value, 2017-2020, M $ US

From 2017 to 2020, Belgium, the Netherlands, and Spain remained the main markets for exports in value terms, accounting for 8.5%, 1.4%, and 0.9% of total exports, respectively. Together, they represented 10.8% of total export flows.

Structure of product's exports in value by countries, 2017-2020

World map of product's exports from Americas in value, 2017-2020

Imports natural latex in primary forms to Americas

Imports in kind, t

Import volumes of natural latex in primary forms into the Americas have declined for the second consecutive year. In 2020, imports totaled 34 547 tonnes, down by 6.7% from 2019. Between 2017 and 2020, imports decreased by 31.2%, with an average annual decline of 11.7%. The highest volume was recorded in 2018 at 58 878 tonnes, which saw the largest increase of 17.3%. In 2019, imports experienced the largest decline of 37.1%.

Annual dynamics of product's imports to Americas in kind, 2017-2020, t

The country composition of imports in kind from 2017 to 2020 was dispersed. Thailand, Vietnam, and Malaysia accounted for 27.1%, 12.1%, and 3.4% of imports, respectively, totaling 42.5% of flows. The remaining 57.5% was distributed among a wide range of other destinations.

Structure of product's imports in kind by countries, 2017-2020

World map of product's imports to Americas in kind, 2017-2020

Imports in value, M $ US

The value of natural latex in primary forms imports into the Americas has declined for the third consecutive year. In 2020, imports were valued at 85.2 million US dollars, showing a modest drop of 3.3% compared to 2019. From 2017 to 2020, import value decreased by 20.6%, with a compound annual decline rate of 7.4%.

Annual dynamics of product's imports to Americas in value, 2017-2020, M $ US

Analysis of imports in value terms from 2017 to 2020 reveals a broad distribution across many markets. Thailand, Vietnam, and Malaysia accounted for 27.1%, 10.9%, and 3.7% of imports, respectively, totaling 41.7% of flows. The remaining 58.3% was attributed to other partners.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports to Americas in value, 2017-2020