Germany: Synthetic Rubber Market 2024

Synthetic Rubber Market Size in Germany

In 2022, the German synthetic rubber market increased by X% to $X, rising for the second year in a row after three years of decline. In general, consumption, however, continues to indicate a mild decline. Over the period under review, the market attained the maximum level at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Synthetic Rubber Production in Germany

In value terms, synthetic rubber production dropped to $X in 2022 estimated in export price. In general, production saw a pronounced contraction. The pace of growth appeared the most rapid in 2021 when the production volume increased by X%. Synthetic rubber production peaked at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Synthetic Rubber Exports

Exports from Germany

Synthetic rubber exports from Germany contracted to X tons in 2022, reducing by X% on the previous year's figure. Overall, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X%. The exports peaked at X tons in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, synthetic rubber exports expanded rapidly to $X in 2022. In general, exports saw a mild contraction. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X tons), China (X tons) and Belgium (X tons) were the main destinations of synthetic rubber exports from Germany, with a combined X% share of total exports. Italy, France, the Czech Republic, the Netherlands, Spain, Poland, Romania, the UK, Turkey and Portugal lagged somewhat behind, together accounting for a further X%.

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

In value terms, the largest markets for synthetic rubber exported from Germany were the United States ($X), China ($X) and Belgium ($X), together accounting for X% of total exports. France, Italy, the Czech Republic, Romania, Poland, the Netherlands, Portugal, Turkey, the UK and Spain lagged somewhat behind, together comprising a further X%.

In terms of the main countries of destination, Portugal, 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 more modest paces of growth.

Export Prices by Country

The average synthetic rubber export price stood at $X per ton in 2022, growing by X% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Romania ($X per ton), while the average price for exports to Spain ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to France (X%), while the prices for the other major destinations experienced a decline.

Synthetic Rubber Imports

Imports into Germany

Synthetic rubber imports into Germany contracted slightly to X tons in 2022, which is down by X% compared with the previous year. In general, imports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by X%. Imports peaked at X tons in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, synthetic rubber imports stood at $X in 2022. Over the period under review, imports continue to indicate a slight slump. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Belgium (X tons), the Netherlands (X tons) and Poland (X tons) were the main suppliers of synthetic rubber imports to Germany, with a combined X% share of total imports. France, South Korea, Spain, Japan, Italy, Russia, Austria, the United States, the UK and Thailand lagged somewhat behind, together comprising a further X%.

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

In value terms, Belgium ($X), the Netherlands ($X) and France ($X) appeared to be the largest synthetic rubber suppliers to Germany, with a combined X% share of total imports. Poland, Japan, South Korea, Italy, Spain, the United States, Russia, the UK, Austria and Thailand lagged somewhat behind, together accounting for a further X%.

In terms of the main suppliers, South Korea, with a CAGR of X%, recorded 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

In 2022, the average synthetic rubber import price amounted to $X per ton, increasing by X% against the previous year. Overall, the import price, however, showed a slight descent. The pace of growth was the most pronounced in 2021 an increase of X%. The import price peaked 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 supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Austria ($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 United States (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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