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

Report Update: May 1, 2024

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

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

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

The average synthetic rubber (excluding latex) import price stood at $3,045 per ton in August 2023, standing approximately at the previous month. Overall, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in April 2023 when the average import price increased by 6.5% m-o-m. Over the period under review, average import prices reached the peak figure at $3,466 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 the Netherlands ($4,449 per ton), while the price for the Czech Republic ($2,007 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 Romania (+2.9%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In August 2023, the average synthetic rubber (excluding latex) export price amounted to $2,270 per ton, with a decrease of -15.5% against the previous month. Overall, the export price showed a noticeable slump. The pace of growth was the most pronounced in December 2022 an increase of 8.8% month-to-month. Over the period under review, the average export prices attained the peak figure at $3,103 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 external markets. In August 2023, the country with the highest price was Romania ($3,650 per ton), while the average price for exports to Thailand ($1,217 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 Romania (+1.0%), while the prices for the other major destinations experienced a decline.

Imports of Synthetic Rubber (Excluding Latex) in Italy

Synthetic rubber (excluding latex) imports into Italy reduced modestly to 245K tons in 2022, which is down by -4.2% on the year before. The total import volume increased at an average annual rate of +1.5% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The growth pace was the most rapid in 2021 when imports increased by 20% against the previous year. As a result, imports reached the peak of 256K tons, and then contracted in the following year.

In value terms, synthetic rubber (excluding latex) imports reached $784M in 2022. In general, total imports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +12.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +75.9% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 54% 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 Italy (Million USD)
COUNTRY	2019	2020	2021	CAGR, 2019-2021
Belgium	97.6	79.4	115	8.5%
Netherlands	46.9	38.2	67.3	19.8%
Germany	65.1	46.6	59.6	-4.3%
France	51.5	48.3	58.0	6.1%
South Korea	37.0	33.8	58.0	25.2%
Japan	48.5	38.0	50.7	2.2%
Spain	27.7	19.5	35.5	13.2%
Romania	9.0	15.5	28.0	76.4%
China	17.2	11.3	26.6	24.4%
Poland	11.4	10.6	23.4	43.3%
Russia	20.7	13.1	21.4	1.7%
United Kingdom	23.2	13.3	20.7	-5.5%
Indonesia	8.4	12.2	16.5	40.2%
Others	92.8	66.0	107	7.4%
Total	557	446	687	11.1%

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

Belgium (37.6K tons)
South Korea (24.8K tons)
France (21.2K tons)
Netherlands (19.6K tons)
Germany (15.8K tons)
Japan (15.3K tons)
Spain (14.4K tons)
Romania (11.8K tons)
Poland (10.6K tons)
Russia (10.4K tons)
China (9.3K tons)
United Kingdom (8.6K tons)
Indonesia (7.9K tons)

Exports of Synthetic Rubber (Excluding Latex) in Italy

For the third consecutive year, Italy recorded decline in overseas shipments of synthetic rubber (excluding latex), which decreased by -22.7% to 79K tons in 2022. Over the period under review, exports continue to indicate a abrupt slump. The smallest decline of -3.2% was in 2021.

In value terms, synthetic rubber (excluding latex) exports dropped to $236M in 2022. In general, exports saw a mild curtailment. The most prominent rate of growth was recorded in 2021 when exports increased by 29%. As a result, the exports attained the peak of $254M, and then declined in the following year.

Export of Synthetic Rubber (Excluding Latex) in Italy (Million USD)
COUNTRY	2019	2020	2021	CAGR, 2019-2021
Germany	30.9	28.9	40.7	14.8%
Turkey	12.0	12.4	26.1	47.5%
Spain	24.7	16.5	19.2	-11.8%
France	15.6	10.8	17.5	5.9%
United States	20.8	12.7	16.6	-10.7%
Belgium	10.7	8.5	12.2	6.8%
Poland	12.6	8.0	8.8	-16.4%
Portugal	11.2	8.7	6.7	-22.7%
India	2.2	3.1	6.7	74.5%
Romania	7.0	5.1	6.1	-6.6%
United Kingdom	5.3	4.3	5.4	0.9%
South Africa	3.6	2.1	5.1	19.0%
Brazil	1.4	3.3	4.7	83.2%
Others	86.8	72.1	77.7	-5.4%
Total	245	197	254	1.8%

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

Germany (12.9K tons)
Turkey (12.0K tons)
Spain (9.7K tons)
United States (7.3K tons)
France (6.3K tons)
Belgium (5.1K tons)
India (3.7K tons)
Poland (3.5K tons)
Portugal (3.0K tons)
South Africa (3.0K tons)
Romania (2.4K tons)
United Kingdom (2.3K tons)
Brazil (2.2K tons)

Source: IndexBox Market Intelligence Platform

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

Italy

Data coverage:

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