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

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

In 2022, the Europe market for isoprene rubber (IR) in primary forms decreased by X% to $X, falling for the second year in a row after four years of growth. Over the period under review, consumption showed a abrupt downturn. The pace of growth was the most pronounced in 2020 with an increase of X%. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

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

In value terms, production of isoprene rubber (IR) in primary forms expanded to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a noticeable slump. The growth pace was the most rapid in 2017 when the production volume increased by X%. 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 Europe

In 2022, overseas shipments of isoprene rubber (IR) in primary forms increased by X% to X tons, rising for the second consecutive year after three years of decline. Over the period under review, exports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 when exports increased by X%. The volume of export peaked at X tons in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of isoprene rubber (IR) in primary forms expanded markedly to $X in 2022. In general, exports, however, continue to indicate a pronounced contraction. The pace of growth was the most pronounced in 2021 when exports increased by X%. Over the period under review, the exports of hit record highs at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Russia represented the main exporter of isoprene rubber (IR) in primary forms in Europe, with the volume of exports amounting to X tons, which was approx. X% of total exports in 2022. It was distantly followed by Germany (X tons), generating a X% share of total exports. The following exporters - Italy (X tons), Poland (X tons) and France (X tons) - together made up X% of total exports.

Russia was also the fastest-growing in terms of the isoprene rubber (IR) in primary forms exports, with a CAGR of X% from 2012 to 2022. France and Italy experienced a relatively flat trend pattern. Poland (X%) and Germany (X%) illustrated a downward trend over the same period. Russia (X p.p.) significantly strengthened its position in terms of the total exports, while Poland and Germany saw its share reduced by X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) remains the largest isoprene rubber (IR) in primary form supplier in Europe, comprising X% of total exports. The second position in the ranking was taken by Germany ($X), with a X% share of total exports. It was followed by Poland, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Russia amounted to X%. The remaining exporting countries recorded the following average annual rates of exports growth: Germany (X% per year) and Poland (X% per year).

Export Prices by Country

The export price in Europe stood at $X per ton in 2022, increasing by X% against the previous year. Over the period under review, the export price, however, continues to indicate a perceptible decrease. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. Over the period under review, the export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Poland ($X per ton), while Germany ($X per ton) was amongst the lowest.

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

Imports of Isoprene Rubber (IR) in Primary Forms

Imports in Europe

In 2022, imports of isoprene rubber (ir) in primary forms in Europe dropped sharply to X tons, falling by X% on the previous year. Overall, imports continue to indicate a noticeable contraction. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. Over the period under review, imports of hit record highs 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 declined to $X in 2022. Over the period under review, imports continue to indicate a abrupt setback. The pace of growth was the most pronounced in 2021 when imports increased by X%. Over the period under review, imports of 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, Poland (X tons), Germany (X tons), Romania (X tons), Belgium (X tons), Spain (X tons) and Italy (X tons) represented the main importer of isoprene rubber (IR) in primary forms in Europe, committing X% of total import. It was distantly followed by France (X tons), committing a X% share of total imports. Hungary (X tons), Slovakia (X tons), the Czech Republic (X tons), Russia (X tons), the Netherlands (X tons) and Slovenia (X tons) followed a long way behind the leaders.

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

In value terms, Poland ($X), Germany ($X) and Romania ($X) constituted the countries with the highest levels of imports in 2022, with a combined X% share of total imports. Belgium, Italy, Spain, France, the Netherlands, Hungary, Slovenia, Slovakia, the Czech Republic and Russia lagged somewhat behind, together accounting for a further X%.

Among the main importing countries, Russia, with a CAGR of X%, 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 Europe stood at $X per ton in 2022, picking up by X% against the previous year. Overall, the import price, however, showed a perceptible descent. The pace of growth appeared the most rapid in 2017 when the import price increased by X%. Over the period under review, import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the Netherlands ($X per ton), while Russia ($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

Frequently Asked Questions (FAQ) :