Denmark: Market for Isoprene Rubber (IR) in Primary Forms 2024

Market Size for Isoprene Rubber (IR) in Primary Forms in Denmark

The Danish market for isoprene rubber (IR) in primary forms reduced notably to $X in 2022, with a decrease of X% against the previous year. In general, consumption saw a slight decrease. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Production of Isoprene Rubber (IR) in Primary Forms in Denmark

In value terms, production of isoprene rubber (IR) in primary forms stood at $X in 2022 estimated in export price. Over the period under review, production saw a relatively flat trend pattern. The growth pace was the most rapid in 2020 when the production volume decreased by X% against the previous year. Over the period under review, production of attained the peak level in 2022 and is likely to see steady growth in the near future.

Exports of Isoprene Rubber (IR) in Primary Forms

Exports from Denmark

In 2022, approx. X tons of isoprene rubber (IR) in primary forms were exported from Denmark; jumping by X% on 2021. In general, exports, however, continue to indicate a noticeable reduction. Over the period under review, the exports of hit record highs at X tons in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of isoprene rubber (IR) in primary forms soared to $X in 2022. Overall, exports, however, recorded a noticeable setback. The most prominent rate of growth was recorded in 2017 when exports increased by X%. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Germany (X tons), Slovakia (X tons) and Sweden (X tons) were the main destinations of exports of isoprene rubber (IR) in primary forms from Denmark, with a combined X% share of total exports.

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

In value terms, the largest markets for isoprene rubber (IR) in primary form exported from Denmark were Germany ($X), Slovakia ($X) and Sweden ($X), with a combined X% share of total exports.

Among the main countries of destination, Sweden, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2022, the average export price for isoprene rubber (IR) in primary forms amounted to $X per ton, which is down by X% against the previous year. Over the period under review, export price indicated a modest expansion from 2012 to 2022: its price 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, export price for isoprene rubber (IR) in primary forms increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2017 when the average export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2018 to 2022, the average 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 Slovakia ($X per ton), while the average price for exports to Sweden ($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 Vietnam (X%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Isoprene Rubber (IR) in Primary Forms

Imports into Denmark

In 2022, purchases abroad of isoprene rubber (IR) in primary forms decreased by X% to X tons, falling for the fourth consecutive year after four years of growth. In general, imports recorded a sharp reduction. The most prominent rate of growth was recorded in 2016 with an increase of X%. Over the period under review, imports of attained the peak figure at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, imports of isoprene rubber (IR) in primary forms fell markedly to $X in 2022. Overall, imports showed a precipitous decline. The pace of growth appeared the most rapid in 2016 when imports increased by X% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X tons) constituted the largest isoprene rubber (IR) in primary form supplier to Denmark, with a X% share of total imports. Moreover, imports of isoprene rubber (IR) in primary forms from China exceeded the figures recorded by the second-largest supplier, the Netherlands (X kg), sevenfold. Sweden (X kg) ranked third in terms of total imports with a X% share.

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

In value terms, China ($X) constituted the largest supplier of isoprene rubber (IR) in primary forms to Denmark, comprising X% of total imports. The second position in the ranking was taken by Sweden ($X), with a X% share of total imports. It was followed by the Netherlands, with a X% share.

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

Import Prices by Country

In 2022, the average import price for isoprene rubber (IR) in primary forms amounted to $X per ton, surging by X% against the previous year. Over the period under review, import price indicated a noticeable increase from 2012 to 2022: its price 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, import price for isoprene rubber (IR) in primary forms increased by X% against 2016 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

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

Source: IndexBox Platform

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