EU: Buta-1,3-Diene And Isoprene Market 2024

Buta-1,3-Diene And Isoprene Market Size in the EU

The EU buta-1,3-diene and isoprene market skyrocketed to $X in 2022, with an increase of 1,000% against the previous year. Over the period under review, consumption enjoyed a significant increase. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Buta-1,3-Diene And Isoprene Production in the EU

In value terms, buta-1,3-diene and isoprene production expanded significantly to $X in 2022 estimated in export price. In general, production, however, showed a deep setback. The most prominent rate of growth was recorded in 2017 with an increase of 26%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Buta-1,3-Diene And Isoprene Exports

Exports in the EU

In 2022, the amount of buta-1,3-diene and isoprene exported in the European Union declined to X tons, with a decrease of -9.9% compared with the year before. Overall, exports saw a perceptible descent. The pace of growth appeared the most rapid in 2016 when exports increased by 40% against the previous year. The volume of export peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, buta-1,3-diene and isoprene exports fell slightly to $X in 2022. In general, exports recorded a abrupt decrease. The pace of growth was the most pronounced in 2017 with an increase of 78% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

In 2022, the Netherlands (X tons) represented the major exporter of buta-1,3-diene and isoprene, achieving 55% of total exports. Germany (X tons) ranks second in terms of the total exports with a 22% share, followed by Belgium (11%) and Hungary (4.7%). Portugal (X tons) and France (X tons) followed a long way behind the leaders.

Exports from the Netherlands decreased at an average annual rate of -3.6% from 2012 to 2022. At the same time, Hungary (+20.1%), Belgium (+10.8%) and Portugal (+5.1%) displayed positive paces of growth. Moreover, Hungary emerged as the fastest-growing exporter exported in the European Union, with a CAGR of +20.1% from 2012-2022. By contrast, Germany (-4.7%) and France (-6.0%) illustrated a downward trend over the same period. While the share of Belgium (+8.4 p.p.), Hungary (+4.7 p.p.) and Portugal (+1.7 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of the Netherlands (-2.2 p.p.) and Germany (-3.9 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the Netherlands ($X) remains the largest buta-1,3-diene and isoprene supplier in the European Union, comprising 54% of total exports. The second position in the ranking was taken by Germany ($X), with a 22% share of total exports. It was followed by Belgium, with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of value in the Netherlands amounted to -4.9%. The remaining exporting countries recorded the following average annual rates of exports growth: Germany (-9.5% per year) and Belgium (+3.4% per year).

Export Prices by Country

In 2022, the export price in the European Union amounted to $X per ton, growing by 8.6% against the previous year. Overall, the export price, however, continues to indicate a noticeable contraction. The most prominent rate of growth was recorded in 2017 when the export price increased by 56%. Over the period under review, the export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in Portugal ($X per ton) and Belgium ($X per ton), while France ($X per ton) and the Netherlands ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hungary (+9.6%), while the other leaders experienced a decline in the export price figures.

Buta-1,3-Diene And Isoprene Imports

Imports in the EU

In 2022, buta-1,3-diene and isoprene imports in the European Union dropped sharply to X tons, falling by -20.2% on the previous year's figure. Overall, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 25%. The volume of import peaked at X tons in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, buta-1,3-diene and isoprene imports declined to $X in 2022. In general, imports saw a deep downturn. The pace of growth was the most pronounced in 2021 when imports increased by 93%. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, France (X tons) was the key importer of buta-1,3-diene and isoprene, committing 38% of total imports. It was distantly followed by the Netherlands (X tons), Poland (X tons), the Czech Republic (X tons), Germany (X tons) and Belgium (X tons), together committing a 55% share of total imports. Italy (X tons) followed a long way behind the leaders.

France experienced a relatively flat trend pattern with regard to volume of imports of buta-1,3-diene and isoprene. At the same time, the Czech Republic (+17.6%), Poland (+8.9%) and the Netherlands (+1.6%) displayed positive paces of growth. Moreover, the Czech Republic emerged as the fastest-growing importer imported in the European Union, with a CAGR of +17.6% from 2012-2022. By contrast, Germany (-1.2%), Italy (-2.7%) and Belgium (-10.7%) illustrated a downward trend over the same period. From 2012 to 2022, the share of the Czech Republic, Poland and the Netherlands increased by +8.5, +8.3 and +2.8 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, France ($X) constitutes the largest market for imported buta-1,3-diene and isoprene in the European Union, comprising 39% of total imports. The second position in the ranking was taken by Poland ($X), with a 14% share of total imports. It was followed by the Netherlands, with a 13% share.

From 2012 to 2022, the average annual growth rate of value in France stood at -6.3%. The remaining importing countries recorded the following average annual rates of imports growth: Poland (+3.5% per year) and the Netherlands (-5.2% per year).

Import Prices by Country

The import price in the European Union stood at $X per ton in 2022, growing by 14% against the previous year. Over the period under review, the import price, however, recorded a abrupt setback. The growth pace was the most rapid in 2017 an increase of 61% against the previous year. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Italy ($X per ton) and France ($X per ton), while the Netherlands ($X per ton) and Belgium ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (-4.5%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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