
EU - Natural Rubber and Gums - Market Analysis, Forecast, Size, Trends and Insights
EU: Market for Natural Rubber And Gums 2023
Market Size for Natural Rubber And Gums in the EU
The EU natural rubber and gum market soared to $X in 2021, rising by 30% against the previous year. In general, consumption, however, recorded a slight shrinkage. The level of consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.
Production of Natural Rubber And Gums in the EU
In value terms, natural rubber and gum production soared to $X in 2021 estimated in export price. Overall, production posted a resilient increase. The pace of growth was the most pronounced in 2016 when the production volume increased by 124%. The level of production peaked in 2021 and is expected to retain growth in the immediate term.
The Netherlands (X tons) remains the largest natural rubber and gum producing country in the European Union, comprising approx. 63% of total volume. Moreover, natural rubber and gum production in the Netherlands exceeded the figures recorded by the second-largest producer, Hungary (X tons), threefold. Belgium (X tons) ranked third in terms of total production with a 10% share.
From 2012 to 2021, the average annual rate of growth in terms of volume in the Netherlands was relatively modest. In the other countries, the average annual rates were as follows: Hungary (0.0% per year) and Belgium (-28.9% per year).
Exports of Natural Rubber And Gums
Exports in the EU
In 2021, shipments abroad of natural rubber and gums increased by 38% to X tons, rising for the second consecutive year after three years of decline. Over the period under review, exports, however, saw a mild descent. The most prominent rate of growth was recorded in 2016 when exports increased by 108% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2013; however, from 2014 to 2021, the exports failed to regain momentum.
In value terms, natural rubber and gum exports soared to $X in 2021. In general, exports, however, recorded a noticeable curtailment. The level of export peaked at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.
Exports by Country
Belgium (X tons) and the Netherlands (X tons) dominates exports structure, together achieving 80% of total exports. Hungary (X tons) took a 9.5% share (based on physical terms) of total exports, which put it in second place, followed by Germany (5.3%). Italy (X tons) held a minor share of total exports.
From 2012 to 2021, the biggest increases were in Hungary (with a CAGR of +80.8%), while shipments for the other leaders experienced more modest paces of growth.
In value terms, the Netherlands ($X), Belgium ($X) and Hungary ($X) appeared to be the countries with the highest levels of exports in 2021, with a combined 81% share of total exports.
In terms of the main exporting countries, Hungary, with a CAGR of +79.8%, recorded the highest growth rate of 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 export price in the European Union stood at $X per ton in 2021, picking up by 57% against the previous year. In general, the export price, however, continues to indicate a noticeable shrinkage. The level of export peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.
Prices varied noticeably country of origin: the country with the highest price was Hungary ($X per ton), while Belgium ($X per ton) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+0.5%), while the other leaders experienced a decline in the export price figures.
Imports of Natural Rubber And Gums
Imports in the EU
For the third year in a row, the European Union recorded growth in purchases abroad of natural rubber and gums, which increased by 23% to X tons in 2021. In general, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 with an increase of 39% against the previous year. The volume of import peaked at X tons in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.
In value terms, natural rubber and gum imports skyrocketed to $X in 2021. Overall, imports, however, saw a perceptible setback. The level of import peaked at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.
Imports by Country
In 2021, Belgium (X tons) and the Netherlands (X tons) represented the major importers of natural rubber and gums in the European Union, together making up 53% of total imports. Italy (X tons) held the next position in the ranking, followed by Germany (X tons), Spain (X tons) and Poland (X tons). All these countries together held approx. 39% share of total imports. France (X tons) followed a long way behind the leaders.
From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by the Netherlands (with a CAGR of +20.2%), while imports for the other leaders experienced more modest paces of growth.
In value terms, the largest natural rubber and gum importing markets in the European Union were Belgium ($X), the Netherlands ($X) and Italy ($X), with a combined 53% share of total imports.
Among the main importing countries, the Netherlands, with a CAGR of +11.4%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.
Import Prices by Country
The import price in the European Union stood at $X per ton in 2021, picking up by 22% against the previous year. In general, the import price, however, saw a noticeable setback. The most prominent rate of growth was recorded in 2017 when the import price increased by 23%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.
Average prices varied somewhat amongst the major importing countries. In 2021, major importing countries recorded the following prices: in France ($X per ton) and Poland ($X per ton), while Belgium ($X per ton) and the Netherlands ($X per ton) were amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (-2.9%), while the other leaders experienced a decline in the import price figures.
Base Year | Historical Period | Forecast Period | Units |
---|---|---|---|
2022 | 2012-2022 | 2023-2030 | US$, Tons |
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the market for natural rubber and gum in the EU. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Importers on The Market and How They Succeed
The Largest Exporters on The Market and How They Succeed
The Largest Producers on The Market and Their Profiles
The Largest Markets And Their Profiles
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