$Belgium - Synthetic Rubber (Excluding Latex) - Market Analysis, Forecast, Size, Trends And Insights$

Report Update: Apr 1, 2024

Belgium - Synthetic Rubber (Excluding Latex) - Market Analysis, Forecast, Size, Trends And Insights

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Price for Synthetic Rubber (Excluding Latex) in Belgium - 2023

Price for Synthetic Rubber (Excluding Latex) in Belgium (FOB) - 2023

In August 2023, the average synthetic rubber (excluding latex) export price amounted to $3,061 per ton, growing by 8.1% against the previous month. Over the period under review, the export price, however, showed a mild setback. Over the period under review, the average export prices attained the maximum at $3,441 per ton in August 2022; however, from September 2022 to August 2023, the export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was the UK ($4,129 per ton), while the average price for exports to Luxembourg ($2,127 per ton) was amongst the lowest.

From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+2.1%), while the prices for the other major destinations experienced a decline.

Price for Synthetic Rubber (Excluding Latex) in Belgium (CIF) - 2023

In August 2023, the average synthetic rubber (excluding latex) import price amounted to $3,115 per ton, with an increase of 9.1% against the previous month. Overall, the import price saw a relatively flat trend pattern. The import price peaked at $3,475 per ton in December 2022; however, from January 2023 to August 2023, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Germany ($7,634 per ton), while the price for Poland ($1,639 per ton) was amongst the lowest.

From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+2.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Synthetic Rubber (Excluding Latex) in Belgium

In 2022, shipments abroad of synthetic rubber (excluding latex) decreased by -0.8% to 463K tons for the first time since 2018, thus ending a three-year rising trend. In general, total exports indicated a significant increase from 2019 to 2022: its volume increased at an average annual rate of +21.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +77.2% against 2019 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 63%.

In value terms, synthetic rubber (excluding latex) exports soared to $1.5B in 2022. Over the period under review, exports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 61% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

Export of Synthetic Rubber (Excluding Latex) in Belgium (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Germany	115	214	299	368	47.4%
France	52.7	96.7	109	152	42.3%
Italy	49.0	90.5	128	146	43.9%
Poland	19.3	55.1	74.9	109	78.1%
Turkey	24.4	26.3	37.1	72.1	43.5%
Netherlands	10.9	35.4	59.4	60.9	77.4%
Spain	25.8	27.7	41.9	59.4	32.0%
Czech Republic	9.5	20.6	35.4	54.6	79.1%
Luxembourg	68.4	25.1	49.2	54.0	-7.6%
China	26.4	50.6	39.2	37.8	12.7%
Hungary	19.4	19.2	26.6	35.3	22.1%
United Kingdom	15.2	29.2	36.4	34.7	31.7%
India	7.7	16.7	15.2	18.9	34.9%
Others	160	263	320	317	25.6%
Total	604	970	1,271	1,520	36.0%

Top Export Markets for Synthetic Rubber (Excluding Latex) from Belgium in 2022:

Germany (104.3K tons)
France (43.9K tons)
Italy (42.7K tons)
Poland (32.7K tons)
Turkey (22.9K tons)
Luxembourg (22.1K tons)
Spain (20.5K tons)
Netherlands (19.8K tons)
Czech Republic (16.2K tons)
Hungary (10.6K tons)
India (10.0K tons)
United Kingdom (9.4K tons)
China (8.9K tons)

Imports of Synthetic Rubber (Excluding Latex) in Belgium

Synthetic rubber (excluding latex) imports into Belgium rose significantly to 437K tons in 2022, surging by 13% on 2021 figures. In general, imports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2020 when imports increased by 65% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, synthetic rubber (excluding latex) imports soared to $1.3B in 2022. Over the period under review, imports enjoyed significant growth. The growth pace was the most rapid in 2020 with an increase of 75% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.

Import of Synthetic Rubber (Excluding Latex) in Belgium (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United States	78.6	258	292	400	72.0%
United Kingdom	118	73.2	134	173	13.6%
Saudi Arabia	30.4	22.4	83.4	146	68.7%
Germany	62.6	118	91.1	112	21.4%
Japan	18.9	52.8	68.7	81.3	62.6%
China	1.1	37.7	59.2	72.8	304.5%
South Korea	9.5	15.2	40.1	48.8	72.5%
Netherlands	23.0	36.2	43.5	48.5	28.2%
Canada	8.0	2.7	0.7	36.6	66.0%
France	12.7	29.5	40.5	32.6	36.9%
Taiwan (Chinese)	1.0	16.0	28.5	32.3	218.5%
Mexico	15.0	11.1	22.4	29.5	25.3%
Poland	2.0	3.9	12.4	15.9	99.6%
Others	25.3	32.8	55.6	80.3	47.0%
Total	406	709	971	1,310	47.8%

Top Suppliers of Synthetic Rubber (Excluding Latex) to Belgium in 2022:

United States (137.4K tons)
United Kingdom (65.1K tons)
Saudi Arabia (57.7K tons)
China (22.3K tons)
Germany (19.5K tons)
Japan (18.6K tons)
South Korea (16.5K tons)
Netherlands (15.9K tons)
Canada (14.6K tons)
France (13.2K tons)
Mexico (10.5K tons)
Taiwan (Chinese) (7.8K tons)
Poland (7.3K tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for synthetic rubber (excluding latex) in Belgium. 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 20171090 - Synthetic rubber (excluding latex)

Country coverage:

Belgium

Data coverage:

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