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

Market Size for Isoprene Rubber (IR) in Primary Forms in the EU

In 2022, the EU market for isoprene rubber (IR) in primary forms increased by X% to $X, rising for the second consecutive year after two years of decline. Over the period under review, consumption showed a perceptible reduction. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Production of Isoprene Rubber (IR) in Primary Forms in the EU

In value terms, production of isoprene rubber (IR) in primary forms fell modestly to $X in 2022 estimated in export price. Over the period under review, production showed a mild downturn. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Exports of Isoprene Rubber (IR) in Primary Forms

Exports in the EU

In 2022, approx. X tons of isoprene rubber (IR) in primary forms were exported in the European Union; waning by X% compared with 2021 figures. Over the period under review, exports recorded a noticeable curtailment. The growth pace was the most rapid in 2013 when exports increased by X%. Over the period under review, the exports of hit record highs at X tons in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of isoprene rubber (IR) in primary forms contracted rapidly to $X in 2022. Overall, exports recorded a noticeable decline. The most prominent rate of growth was recorded in 2021 when exports increased by X%. Over the period under review, the exports of attained the peak figure at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Germany represented the largest exporting country with an export of about X tons, which accounted for X% of total exports. It was distantly followed by Italy (X tons), Poland (X tons) and France (X tons), together generating a X% share of total exports. The following exporters - Hungary (X tons), the Netherlands (X tons) and Lithuania (X tons) - together made up X% of total exports.

Exports from Germany decreased at an average annual rate of X% from 2012 to 2022. At the same time, Lithuania (X%) and the Netherlands (X%) displayed positive paces of growth. Moreover, Lithuania emerged as the fastest-growing exporter exported in the European Union, with a CAGR of X% from 2012-2022. France and Italy experienced a relatively flat trend pattern. By contrast, Poland (X%) and Hungary (X%) illustrated a downward trend over the same period. While the share of Italy (X p.p.), France (X p.p.), the Netherlands (X p.p.) and Lithuania (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Germany (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest isoprene rubber (IR) in primary form supplying countries in the European Union were Germany ($X), Poland ($X) and Italy ($X), with a combined X% share of total exports. The Netherlands, France, Hungary and Lithuania lagged somewhat behind, together accounting for a further X%.

In terms of the main exporting countries, Lithuania, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

The export price in the European Union stood at $X per ton in 2022, rising by X% against the previous year. Overall, the export price, however, continues to indicate a slight decrease. The most prominent rate of growth was recorded in 2021 when the export price increased by X%. Over the period under review, the export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while Germany ($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 Netherlands (X%), while the other leaders experienced a decline in the export price figures.

Imports of Isoprene Rubber (IR) in Primary Forms

Imports in the EU

In 2022, approx. X tons of isoprene rubber (IR) in primary forms were imported in the European Union; shrinking by X% against the year before. Over the period under review, imports continue to indicate a pronounced descent. The pace of growth was the most pronounced in 2021 with an increase of X%. Over the period under review, imports of attained the maximum at X tons in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, imports of isoprene rubber (IR) in primary forms stood at $X in 2022. In general, imports showed a abrupt setback. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. Over the period under review, imports of attained the peak figure at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Poland (X tons), Germany (X tons), Romania (X tons), Belgium (X tons), Spain (X tons) and Italy (X tons) represented roughly X% of total imports in 2022. It was distantly followed by France (X tons), comprising a X% share of total imports. Hungary (X tons), Slovakia (X tons), the Czech Republic (X tons), the Netherlands (X tons), Slovenia (X tons) and Lithuania (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Lithuania (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest isoprene rubber (IR) in primary form importing markets in the European Union were Poland ($X), Germany ($X) and Romania ($X), with a combined X% share of total imports. Belgium, Italy, Spain, France, the Netherlands, Hungary, Slovenia, Slovakia, the Czech Republic and Lithuania lagged somewhat behind, together comprising a further X%.

Lithuania, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in the European Union amounted to $X per ton, with an increase of X% against the previous year. In general, the import price, however, saw a perceptible curtailment. The most prominent rate of growth was recorded in 2017 an increase of X%. Over the period under review, import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the Czech Republic ($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 Netherlands (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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