Czech Republic: Synthetic Latex Rubber Market 2024

Synthetic Latex Rubber Market Size in the Czech Republic

In 2022, the Czech synthetic latex rubber market increased by X% to $X, rising for the second year in a row after two years of decline. Overall, consumption recorded a relatively flat trend pattern. Synthetic latex rubber consumption peaked at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Synthetic Latex Rubber Exports

Exports from the Czech Republic

In 2022, the amount of synthetic latex rubber exported from the Czech Republic rose notably to X tons, picking up by X% on 2021 figures. Overall, exports enjoyed a prominent increase. The most prominent rate of growth was recorded in 2015 with an increase of X%. Over the period under review, the exports reached the maximum at X tons in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, synthetic latex rubber exports dropped slightly to $X in 2022. In general, exports recorded a modest expansion. The pace of growth appeared the most rapid in 2015 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Slovakia (X tons), Germany (X tons) and Poland (X tons) were the main destinations of synthetic latex rubber exports from the Czech Republic, together accounting for X% of total exports. Romania, Belgium, the Netherlands and Hungary lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Hungary (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for synthetic latex rubber exported from the Czech Republic were Slovakia ($X), Belgium ($X) and Poland ($X), with a combined X% share of total exports. Germany, Romania, the Netherlands and Hungary lagged somewhat behind, together accounting for a further X%.

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

Export Prices by Country

The average synthetic latex rubber export price stood at $X per ton in 2022, which is down by X% against the previous year. Overall, the export price recorded a noticeable setback. The growth pace was the most rapid in 2021 an increase of X% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Belgium ($X per ton), while the average price for exports to Germany ($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 Greece (X%), while the prices for the other major destinations experienced more modest paces of growth.

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Synthetic Latex Rubber Imports

Imports into the Czech Republic

In 2022, approx. X tons of synthetic latex rubber were imported into the Czech Republic; shrinking by X% on 2021 figures. The total import volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2015 with an increase of X%. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, synthetic latex rubber imports rose slightly to $X in 2022. In general, imports continue to indicate a slight reduction. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

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

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

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

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

Import Prices by Country

The average synthetic latex rubber import price stood at $X per ton in 2022, growing by X% against the previous year. Over the period under review, the import price, however, showed a pronounced contraction. The pace of growth appeared the most rapid in 2021 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the UK ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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