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

Report Update: May 1, 2024

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

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

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

The average synthetic rubber (excluding latex) import price stood at $2,944 per ton in August 2023, reducing by -6.4% against the previous month. Overall, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in September 2022 an increase of 5.5% month-to-month. As a result, import price attained the peak level of $3,411 per ton. From October 2022 to August 2023, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In August 2023, the country with the highest price was the United States ($4,951 per ton), while the price for Taiwan (Chinese) ($1,874 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 Japan (+1.4%), while the prices for the other major suppliers experienced more modest paces of growth.

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

The average synthetic rubber (excluding latex) export price stood at $2,886 per ton in August 2023, surging by 7.2% against the previous month. In general, the export price, however, saw a slight descent. The export price peaked at $3,509 per ton in September 2022; however, from October 2022 to August 2023, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In August 2023, the country with the highest price was Belgium ($7,374 per ton), while the average price for exports to Hungary ($2,139 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 Belgium (+1.6%), while the prices for the other major destinations experienced a decline.

Imports of Synthetic Rubber (Excluding Latex) in Germany

In 2022, approx. 441K tons of synthetic rubber (excluding latex) were imported into Germany; falling by -5.2% against the previous year. Over the period under review, imports saw a noticeable descent. The pace of growth appeared the most rapid in 2021 when imports increased by 9.9% against the previous year.

In value terms, synthetic rubber (excluding latex) imports expanded remarkably to $1.4B in 2022. The total import value increased at an average annual rate of +5.9% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 36%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

Import of Synthetic Rubber (Excluding Latex) in Germany (Million USD)
COUNTRY	2019	2020	2021	CAGR, 2019-2021
Belgium	112	175	224	41.4%
Netherlands	116	123	195	29.7%
France	130	105	120	-3.9%
Japan	132	79.2	85.2	-19.7%
Poland	41.1	64.8	78.5	38.2%
Italy	51.9	42.6	62.4	9.6%
South Korea	65.4	34.3	59.1	-4.9%
Russia	110	47.8	56.9	-28.1%
United States	172	44.3	56.2	-42.8%
Spain	29.7	26.9	44.2	22.0%
Luxembourg	8.6	22.5	30.1	87.1%
Indonesia	10.9	11.6	19.7	34.4%
Malta	N/A	0.7	16.8	2300.0%
Others	184	124	176	-2.2%
Total	1,163	901	1,223	2.5%

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

Belgium (83.8K tons)
Netherlands (68.3K tons)
Poland (40.7K tons)
France (39.1K tons)
Russia (31.6K tons)
South Korea (24.5K tons)
Japan (22.3K tons)
Italy (21.9K tons)
Spain (17.5K tons)
United States (17.0K tons)
Luxembourg (11.0K tons)
Indonesia (10.0K tons)
Malta (9.4K tons)

Exports of Synthetic Rubber (Excluding Latex) in Germany

In 2022, the amount of synthetic rubber (excluding latex) exported from Germany fell slightly to 426K tons, declining by -2.4% against the year before. Overall, exports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 11%. As a result, the exports attained the peak of 437K tons, and then shrank in the following year.

In value terms, synthetic rubber (excluding latex) exports skyrocketed to $1.4B in 2022. In general, total exports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +8.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +65.6% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 43% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.

Export of Synthetic Rubber (Excluding Latex) in Germany (Million USD)
COUNTRY	2019	2020	2021	CAGR, 2019-2021
United States	143	111	143	0.0%
China	57.9	57.7	102	32.7%
Belgium	76.8	67.2	85.8	5.7%
Poland	60.8	41.6	69.7	7.1%
France	61.4	40.4	63.3	1.5%
Czech Republic	37.6	27.3	49.1	14.3%
Romania	61.5	41.7	46.6	-13.0%
Hungary	40.6	29.5	43.8	3.9%
Russia	34.6	26.6	37.0	3.4%
Portugal	6.2	17.6	35.5	139.3%
Turkey	27.2	24.3	34.4	12.5%
South Korea	42.9	30.7	34.1	-10.8%
Brazil	37.0	26.7	33.8	-4.4%
Others	371	275	393	2.9%
Total	1,058	817	1,171	5.2%

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

United States (52.7K tons)
China (40.7K tons)
Poland (30.4K tons)
France (25.7K tons)
Belgium (22.8K tons)
Czech Republic (19.8K tons)
Hungary (18.5K tons)
Romania (16.2K tons)
Portugal (15.7K tons)
Brazil (15.1K tons)
South Korea (12.6K tons)
Russia (12.5K tons)
Turkey (11.8K tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for synthetic rubber (excluding latex) in Germany. 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:

Germany

Data coverage:

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