Austria: Synthetic Rubber Market 2024

Synthetic Rubber Market Size in Austria

The Austrian synthetic rubber market expanded modestly to $X in 2022, picking up by X% against the previous year. Over the period under review, the total consumption indicated a mild increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2020 indices. Synthetic rubber consumption peaked in 2022 and is likely to see steady growth in the immediate term.

Synthetic Rubber Production in Austria

In value terms, synthetic rubber production fell to $X in 2022 estimated in export price. Over the period under review, the total production indicated a tangible expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Synthetic rubber production peaked at $X in 2021, and then contracted in the following year.

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Synthetic Rubber Exports

Exports from Austria

In 2022, the amount of synthetic rubber exported from Austria reduced slightly to X tons, with a decrease of X% against the previous year's figure. Over the period under review, exports, however, saw resilient growth. The growth pace was the most rapid in 2016 when exports increased by X% against the previous year. The exports peaked at X tons in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, synthetic rubber exports soared to $X in 2022. In general, exports, however, recorded a resilient increase. The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

Germany (X tons) was the main destination for synthetic rubber exports from Austria, with a X% share of total exports. Moreover, synthetic rubber exports to Germany exceeded the volume sent to the second major destination, Serbia (X tons), threefold. Hungary (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Germany amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Serbia (X% per year) and Hungary (X% per year).

In value terms, the largest markets for synthetic rubber exported from Austria were Germany ($X), Serbia ($X) and Hungary ($X), with a combined X% share of total exports.

Serbia, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average synthetic rubber export price stood at $X per ton in 2022, with an increase of X% against the previous year. Over the period under review, the export price, however, showed a pronounced curtailment. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Romania ($X per ton), while the average price for exports to Germany ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Romania (X%), while the prices for the other major destinations experienced more modest paces of growth.

Synthetic Rubber Imports

Imports into Austria

Synthetic rubber imports into Austria contracted to X tons in 2022, waning by X% compared with the year before. Over the period under review, imports, however, showed a notable expansion. The pace of growth appeared the most rapid in 2019 with an increase of X% against the previous year. Imports peaked at X tons in 2021, and then fell in the following year.

In value terms, synthetic rubber imports expanded rapidly to $X in 2022. Overall, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X%. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

In 2022, Germany (X tons) constituted the largest supplier of synthetic rubber to Austria, accounting for a X% share of total imports. Moreover, synthetic rubber imports from Germany exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), tenfold. The third position in this ranking was held by Poland (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (X% per year) and Poland (X% per year).

In value terms, Germany ($X) constituted the largest supplier of synthetic rubber to Austria, comprising X% of total imports. The second position in the ranking was held by the Netherlands ($X), with a X% share of total imports. It was followed by Spain, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Germany totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (X% per year) and Spain (X% per year).

Import Prices by Country

The average synthetic rubber import price stood at $X per ton in 2022, surging by X% against the previous year. In general, the import price, however, continues to indicate a perceptible contraction. The pace of growth appeared the most rapid in 2021 an increase of X%. Over the period under review, average import prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Switzerland ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Switzerland (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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