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Ireland - Synthetic Rubber - Market Analysis, Forecast, Size, Trends And Insights
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Ireland: Synthetic Rubber Market Overview 2021

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Synthetic Rubber Market Size in Ireland

In 2019, the Irish synthetic rubber market decreased by -X% to $X for the first time since 2015, thus ending a three-year rising trend. Over the period under review, consumption continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2010 when the market value increased by X% against the previous year. Synthetic rubber consumption peaked at $X in 2012; however, from 2013 to 2019, consumption remained at a lower figure.

Synthetic Rubber Exports

Exports from Ireland

Synthetic rubber exports from Ireland surged to X tonnes in 2019, jumping by X% on the year before. In general, exports, however, showed a abrupt decline. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, exports hit record highs at X tonnes in 2014; however, from 2015 to 2019, exports failed to regain the momentum.

In value terms, synthetic rubber exports expanded remarkably to $X in 2019. Overall, exports, however, continue to indicate a drastic downturn. The most prominent rate of growth was recorded in 2013 with an increase of X% y-o-y. Over the period under review, exports attained the peak figure at $X in 2014; however, from 2015 to 2019, exports remained at a lower figure.

Exports by Country

Greece (X tonnes), the UK (X tonnes) and Lithuania (X tonnes) were the main destinations of synthetic rubber exports from Ireland, with a combined X% share of total exports.

From 2007 to 2019, the biggest increases were in Greece, while shipments for the other leaders experienced more modest paces of growth.

In value terms, Lithuania ($X) emerged as the key foreign market for synthetic rubber exports from Ireland, comprising X% of total exports. The second position in the ranking was occupied by the UK ($X), with a X% share of total exports. It was followed by the Philippines, with a X% share.

From 2007 to 2019, the average annual growth rate of value to Lithuania was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (-X% per year) and the Philippines (X% per year).

Export Prices by Country

In 2019, the average synthetic rubber export price amounted to $X per tonne, reducing by -X% against the previous year. Overall, the export price saw a perceptible decrease. The growth pace was the most rapid in 2008 when the average export price increased by X% y-o-y. As a result, export price attained the peak level of $X per tonne. From 2009 to 2019, the growth in terms of the average export prices failed to regain the momentum.

There were significant differences in the average prices for the major external markets. In 2019, the country with the highest price was Lithuania ($X per tonne), while the average price for exports to Spain ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to the Philippines, while the prices for the other major destinations experienced more modest paces of growth.

Synthetic Rubber Imports

Imports into Ireland

In 2019, the amount of synthetic rubber imported into Ireland declined to X tonnes, remaining constant against the previous year. Over the period under review, imports saw a pronounced decrease. The growth pace was the most rapid in 2010 with an increase of X% year-to-year. Over the period under review, imports reached the maximum at X tonnes in 2008; however, from 2009 to 2019, imports stood at a somewhat lower figure.

In value terms, synthetic rubber imports stood at $X in 2019. Overall, imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2010 when imports increased by X% y-o-y. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2019, imports failed to regain the momentum.

Imports by Country

In 2019, Spain (X tonnes) constituted the largest supplier of synthetic rubber to Ireland, with a X% share of total imports. Moreover, synthetic rubber imports from Spain exceeded the figures recorded by the second-largest supplier, Belgium (X tonnes), fivefold. Italy (X tonnes) ranked third in terms of total imports with a X% share.

From 2007 to 2019, the average annual growth rate of volume from Spain stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+X% per year) and Italy (+X% per year).

In value terms, Spain ($X) constituted the largest supplier of synthetic rubber to Ireland, comprising X% of total imports. The second position in the ranking was occupied by the Netherlands ($X), with a X% share of total imports. It was followed by Italy, with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of value from Spain totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+X% per year) and Italy (+X% per year).

Import Prices by Country

The average synthetic rubber import price stood at $X per tonne in 2019, picking up by X% against the previous year. In general, import price indicated a notable increase from 2007 to 2019: its price increased at an average annual rate of +X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, synthetic rubber import price increased by +X% against 2016 indices. The growth pace was the most rapid in 2011 an increase of X% against the previous year. The import price peaked in 2019 and is expected to retain growth in the immediate term.

Prices varied noticeably by the country of origin; the country with the highest price was the Netherlands ($X per tonne), while the price for South Korea ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by the Netherlands, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for synthetic rubber in the world?
+
China (6M tonnes) constituted the country with the largest volume of synthetic rubber consumption, comprising approx. 28% of total volume. Moreover, synthetic rubber consumption in China exceeded the figures recorded by the second-largest consumer, the U.S. (2.8M tonnes), twofold. Japan (1.2M tonnes) ranked third in terms of total consumption with a 5.5% share.
What are the largest producers of synthetic rubber in the world?
+
The countries with the highest volumes of synthetic rubber production in 2019 were the U.S. (3.1M tonnes), Japan (1.8M tonnes) and China (1.8M tonnes), together accounting for 32% of global production. These countries were followed by South Korea, Russia, Thailand, Germany, Viet Nam, Indonesia, Mexico, France, Taiwan (Chinese) and Italy, which together accounted for a further 44%.
What are the leading suppliers of synthetic rubber to Ireland?
+
In value terms, Spain ($7.3M) constituted the largest supplier of synthetic rubber to Ireland, comprising 39% of total imports. The second position in the ranking was occupied by the Netherlands ($2.3M), with a 12% share of total imports. It was followed by Italy, with a 11% share.
What are the leading importers of synthetic rubber from Ireland?
+
In value terms, Lithuania ($188K) emerged as the key foreign market for synthetic rubber exports from Ireland, comprising 56% of total exports. The second position in the ranking was occupied by the UK ($77K), with a 23% share of total exports. It was followed by the Philippines, with a 4% share.
What is the average export price for synthetic rubber in Ireland?
+
The average synthetic rubber export price stood at $2,167 per tonne in 2019, declining by -34.9% against the previous year.
What is the average import price for synthetic rubber in Ireland?
+
The average synthetic rubber import price stood at $3,774 per tonne in 2019, growing by 1.5% against the previous year.

Product coverage:
• Prodcom 20171050 - Synthetic latex rubber
• Prodcom 20171090 - Synthetic rubber (excluding latex)

This report provides an in-depth analysis of the synthetic rubber market in Ireland. 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 2025.


Country coverage:

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in Ireland
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2020
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2020
Table 2:
Market Volume, In Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption In 2007–2020
Table 5:
Imports, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Value Terms, By Country, 2007–2020
Table 7:
Import Prices, By Country Of Origin, 2007–2020
Table 8:
Exports, In Physical Terms, By Country, 2007–2020
Table 9:
Exports, In Value Terms, By Country, 2007–2020
Table 10:
Export Prices, By Country Of Destination, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2020
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2020
Figure 5:
Trade Balance, In Physical Terms, 2007–2020
Figure 6:
Trade Balance, In Value Terms, 2007–2020
Figure 7:
Per Capita Consumption, 2007–2020
Figure 8:
Market Forecast To 2025
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2007–2020
Figure 21:
Production, In Value Terms, 2007–2020
Figure 22:
Imports, In Physical Terms, 2007–2020
Figure 23:
Imports, In Value Terms, 2007–2020
Figure 24:
Imports, In Physical Terms, By Country, 2020
Figure 25:
Imports, In Physical Terms, By Country, 2007–2020
Figure 26:
Imports, In Value Terms, By Country, 2007–2020
Figure 27:
Import Prices, By Country Of Origin, 2007–2020
Figure 28:
Exports, In Physical Terms, 2007–2020
Figure 29:
Exports, In Value Terms, 2007–2020
Figure 30:
Exports, In Physical Terms, By Country, 2020
Figure 31:
Exports, In Physical Terms, By Country, 2007–2020
Figure 32:
Exports, In Value Terms, By Country, 2007–2020
Figure 33:
Export Prices, By Country Of Destination, 2007–2020

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