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

Report Update: May 1, 2024

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

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

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

In August 2023, the average synthetic rubber (excluding latex) import price amounted to $2,916 per ton, picking up by 11% against the previous month. Over the period under review, the import price showed a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by the country of origin: the country with the highest price was Japan ($3,680 per ton), while the price for China ($1,829 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 Spain (+2.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Synthetic Rubber (Excluding Latex) in Portugal (FOB) - 2022

In 2021, the average synthetic rubber (excluding latex) export price amounted to $2,166 per ton, rising by 12% against the previous year. In general, the export price, however, continues to indicate a noticeable slump. The growth pace was the most rapid in 2018 when the average export price increased by 31%. The export price peaked at $3,185 per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Italy ($3,387 per ton), while the average price for exports to Belgium ($1,146 per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (+22.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Synthetic Rubber (Excluding Latex) in Portugal

In 2022, approx. 79K tons of synthetic rubber (excluding latex) were imported into Portugal; growing by 5.8% compared with the previous year's figure. The total import volume increased at an average annual rate of +9.3% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 34%. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in years to come.

In value terms, synthetic rubber (excluding latex) imports skyrocketed to $215M in 2022. Over the period under review, imports showed strong growth. The most prominent rate of growth was recorded in 2021 when imports increased by 66% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in years to come.

Import of Synthetic Rubber (Excluding Latex) in Portugal (Million USD)
COUNTRY	2019	2020	2021	CAGR, 2019-2021
Germany	24.4	24.9	42.6	32.1%
Spain	18.8	16.2	25.8	17.1%
Russia	17.1	12.7	18.1	2.9%
Belgium	5.4	5.6	14.6	64.4%
Italy	10.4	8.4	11.7	6.1%
Japan	14.1	6.5	9.0	-20.1%
France	3.6	4.8	7.6	45.3%
South Korea	8.0	6.2	7.5	-3.2%
Singapore	3.6	3.7	6.9	38.4%
Malaysia	7.2	3.5	6.9	-2.1%
Czech Republic	3.9	1.7	4.9	12.1%
Taiwan (Chinese)	3.0	2.9	3.7	11.1%
Poland	1.3	0.7	2.5	38.7%
Others	8.8	5.3	9.3	2.8%
Total	129	103	171	15.1%

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

Germany (18.7K tons)
Spain (11.7K tons)
Russia (10.4K tons)
Belgium (5.5K tons)
Italy (4.8K tons)
Malaysia (4.3K tons)
South Korea (3.9K tons)
Singapore (2.7K tons)
Czech Republic (2.5K tons)
Japan (2.1K tons)
Taiwan (Chinese) (1.8K tons)
France (1.7K tons)
Poland (1.2K tons)

Exports of Synthetic Rubber (Excluding Latex) in Portugal

In 2022, approx. 4.6K tons of synthetic rubber (excluding latex) were exported from Portugal; falling by -15.5% against 2021 figures. In general, exports saw a deep setback. The pace of growth was the most pronounced in 2021 with an increase of 24% against the previous year.

In value terms, synthetic rubber (excluding latex) exports dropped to $10M in 2022. Over the period under review, exports continue to indicate a noticeable contraction. The pace of growth was the most pronounced in 2021 when exports increased by 39% against the previous year. As a result, the exports reached the peak of $12M, and then shrank in the following year.

Export of Synthetic Rubber (Excluding Latex) in Portugal (Thousand USD)
COUNTRY	2019	2020	2021	CAGR, 2019-2021
Spain	4,120	1,637	2,349	-24.5%
Russia	97.9	803	1,886	338.9%
Lithuania	436	682	1,348	75.8%
Czech Republic	1,305	731	1,105	-8.0%
Morocco	455	344	724	26.1%
Mexico	203	308	602	72.2%
Brazil	243	190	565	52.5%
Belgium	874	667	491	-25.0%
Latvia	247	908	449	34.8%
France	991	692	425	-34.5%
Italy	124	52.2	328	62.6%
Germany	425	379	285	-18.1%
Croatia	104	141	179	31.2%
Others	1,771	1,046	1,172	-18.7%
Total	11,395	8,580	11,908	2.2%

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

Spain (1379.6 tons)
Lithuania (669.4 tons)
Russia (586.0 tons)
Belgium (428.4 tons)
Czech Republic (414.5 tons)
Morocco (362.0 tons)
Brazil (215.9 tons)
Mexico (184.9 tons)
France (183.7 tons)
Latvia (178.2 tons)
Germany (121.4 tons)
Italy (96.8 tons)
Croatia (80.5 tons)

Source: IndexBox Market Intelligence Platform

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

Portugal

Data coverage:

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