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

Report Update: Apr 1, 2024

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

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Price for Synthetic Rubber (Excluding Latex) in the Czech Republic - 2023

Price for Synthetic Rubber (Excluding Latex) in the Czech Republic (FOB) - 2023

The average synthetic rubber (excluding latex) export price stood at $1,810 per ton in August 2023, falling by -7.8% against the previous month. In general, the export price continues to indicate a perceptible curtailment. The pace of growth appeared the most rapid in January 2023 an increase of 8.5% month-to-month. The export price peaked at $2,492 per ton in September 2022; however, from October 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 Luxembourg ($2,968 per ton), while the average price for exports to India ($1,533 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 Luxembourg (+1.1%), while the prices for the other major destinations experienced a decline.

Price for Synthetic Rubber (Excluding Latex) in the Czech Republic (CIF) - 2023

In August 2023, the average synthetic rubber (excluding latex) import price amounted to $2,413 per ton, approximately reflecting the previous month. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in October 2022 an increase of 11% month-to-month. Over the period under review, average import prices hit record highs at $3,081 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 Japan ($3,364 per ton), while the price for Ireland ($610 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 (+1.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Exports of Synthetic Rubber (Excluding Latex) in the Czech Republic

In 2022, the amount of synthetic rubber (excluding latex) exported from the Czech Republic dropped to 183K tons, waning by -9.1% compared with 2021 figures. Overall, exports saw a slight reduction. The most prominent rate of growth was recorded in 2021 with an increase of 8.8% against the previous year. As a result, the exports attained the peak of 201K tons, and then shrank in the following year.

In value terms, synthetic rubber (excluding latex) exports rose notably to $417M in 2022. Over the period under review, total exports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +10.9% 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 +70.4% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 61% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are likely to continue growth in the immediate term.

Export of Synthetic Rubber (Excluding Latex) in the Czech Republic (Million USD)
COUNTRY	2019	2020	2021	CAGR, 2019-2021
Poland	31.2	20.8	40.5	13.9%
South Korea	14.5	20.7	37.5	60.8%
United States	37.7	24.2	37.1	-0.8%
India	7.2	11.8	37.0	126.7%
Luxembourg	26.7	29.6	36.8	17.4%
Slovakia	20.3	15.2	27.5	16.4%
Brazil	21.5	20.8	26.3	10.6%
Turkey	2.6	5.9	15.0	140.2%
France	7.9	5.7	14.6	35.9%
Italy	9.4	5.3	11.7	11.6%
Germany	16.3	12.5	11.3	-16.7%
Hungary	6.7	4.8	11.1	28.7%
Spain	14.5	6.1	10.6	-14.5%
Others	89.8	61.6	76.5	-7.7%
Total	306	245	393	13.3%

Top Export Markets for Synthetic Rubber (Excluding Latex) from the Czech Republic in 2022:

Poland (21.5K tons)
India (21.4K tons)
South Korea (20.9K tons)
United States (16.8K tons)
Brazil (14.5K tons)
Slovakia (14.4K tons)
Luxembourg (12.4K tons)
Turkey (8.3K tons)
France (7.8K tons)
Hungary (5.9K tons)
Spain (5.8K tons)
Italy (5.5K tons)
Germany (5.2K tons)

Imports of Synthetic Rubber (Excluding Latex) in the Czech Republic

In 2022, synthetic rubber (excluding latex) imports into the Czech Republic reached 128K tons, standing approx. at 2021 figures. The total import volume increased at an average annual rate of +3.2% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 14%. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, synthetic rubber (excluding latex) imports expanded markedly to $346M in 2022. Overall, total imports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +11.8% 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 +72.1% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 51%. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the near future.

Import of Synthetic Rubber (Excluding Latex) in the Czech Republic (Million USD)
COUNTRY	2019	2020	2021	CAGR, 2019-2021
Germany	40.8	43.8	67.2	28.3%
Russia	63.2	38.2	57.2	-4.9%
Netherlands	31.8	29.7	44.3	18.0%
Poland	14.7	14.0	26.8	35.0%
Belgium	3.6	15.8	24.3	159.8%
South Korea	16.4	6.5	12.8	-11.7%
France	12.7	10.9	12.3	-1.6%
Italy	11.6	7.9	9.8	-8.1%
Malaysia	3.4	4.8	7.3	46.5%
Japan	15.8	7.7	6.8	-34.4%
Singapore	3.4	3.5	5.6	28.3%
Austria	1.0	2.8	5.5	134.5%
Slovakia	0.8	2.2	5.1	152.5%
Others	27.9	12.9	18.3	-19.0%
Total	247	201	303	10.8%

Top Suppliers of Synthetic Rubber (Excluding Latex) to the Czech Republic in 2022:

Russia (31.8K tons)
Germany (24.3K tons)
Netherlands (16.7K tons)
Poland (13.4K tons)
Belgium (7.9K tons)
South Korea (5.2K tons)
Malaysia (4.3K tons)
France (3.8K tons)
Italy (3.5K tons)
Austria (2.4K tons)
Singapore (2.2K tons)
Japan (2.2K tons)
Slovakia (2.0K tons)

Source: IndexBox Market Intelligence Platform

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

Czech Republic

Data coverage:

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