EU: Synthetic Rubber Market 2024

Synthetic Rubber Market Size in the EU

In 2022, the EU synthetic rubber market increased by X% to $X, rising for the second consecutive year after three years of decline. Over the period under review, consumption, however, saw a perceptible setback. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Synthetic Rubber Production in the EU

In value terms, synthetic rubber production reduced to $X in 2022 estimated in export price. Overall, production saw a perceptible slump. The most prominent rate of growth was recorded in 2021 with an increase of X%. The level of production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

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Synthetic Rubber Exports

Exports in the EU

In 2022, after three years of growth, there was significant decline in overseas shipments of synthetic rubber, when their volume decreased by X% to X tons. The total export volume increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of X%. As a result, the exports reached the peak of X tons, and then fell in the following year.

In value terms, synthetic rubber exports stood at $X in 2022. In general, exports showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X tons) and Belgium (X tons) were the largest exporters of synthetic rubber in 2022, finishing at approx. X% and X% of total exports, respectively. It was distantly followed by France (X tons), Poland (X tons), the Netherlands (X tons), the Czech Republic (X tons), Italy (X tons) and Spain (X tons), together committing a X% share of total exports.

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

In value terms, the largest synthetic rubber supplying countries in the European Union were Germany ($X), Belgium ($X) and France ($X), together comprising X% of total exports. The Netherlands, Poland, the Czech Republic, Spain and Italy lagged somewhat behind, together comprising a further X%.

Among the main exporting countries, the Netherlands, with a CAGR of X%, saw 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

In 2022, the export price in the European Union amounted to $X per ton, picking up by X% against the previous year. Overall, the export price, however, saw a slight curtailment. The most prominent rate of growth was recorded in 2021 an increase of X%. Over the period under review, the export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in Belgium ($X per ton) and France ($X per ton), while Poland ($X per ton) and the Czech Republic ($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 Netherlands (X%), while the other leaders experienced a decline in the export price figures.

Synthetic Rubber Imports

Imports in the EU

In 2022, approx. X tons of synthetic rubber were imported in the European Union; approximately equating 2021. The total import volume increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons, and then declined slightly in the following year.

In value terms, synthetic rubber imports soared to $X in 2022. Overall, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X%. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Belgium (X tons) and Germany (X tons) represented roughly X% of total imports in 2022. Italy (X tons) took the next position in the ranking, followed by Poland (X tons), France (X tons), Spain (X tons), the Netherlands (X tons), the Czech Republic (X tons) and Romania (X tons). All these countries together held approx. X% share of total imports.

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

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

In terms of the main importing countries, Romania, with a CAGR of X%, saw the highest growth rate of 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 2022, increasing by X% against the previous year. Overall, the import price, however, showed a mild shrinkage. The growth pace was the most rapid in 2021 an increase of X% against the previous year. Over the period under review, import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Germany ($X per ton) and France ($X per ton), while the Czech Republic ($X per ton) and Spain ($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 Netherlands (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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