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

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

In 2022, the Italian market for isoprene rubber (IR) in primary forms increased by X% to $X, rising for the third year in a row after two years of decline. In general, consumption saw a tangible increase. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

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

In value terms, production of isoprene rubber (IR) in primary forms fell modestly to $X in 2022 estimated in export price. Overall, production saw a perceptible setback. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, production of reached the peak level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Exports of Isoprene Rubber (IR) in Primary Forms

Exports from Italy

In 2022, overseas shipments of isoprene rubber (IR) in primary forms decreased by X% to X tons, falling for the second consecutive year after three years of growth. In general, exports showed a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of X%. As a result, the exports attained the peak of X tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of isoprene rubber (IR) in primary forms fell significantly to $X in 2022. Overall, exports recorded a mild shrinkage. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. The exports peaked at $X in 2021, and then contracted remarkably in the following year.

Exports by Country

Germany (X tons), Belgium (X tons) and Turkey (X tons) were the main destinations of exports of isoprene rubber (IR) in primary forms from Italy, together accounting for X% of total exports. Slovenia, the United States, Greece, Portugal, Sri Lanka, Pakistan and Malaysia lagged somewhat behind, together comprising a further X%.

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

In value terms, the largest markets for isoprene rubber (IR) in primary form exported from Italy were Germany ($X), Turkey ($X) and Belgium ($X), with a combined X% share of total exports. Slovenia, the United States, Greece, Portugal, Sri Lanka, Pakistan and Malaysia lagged somewhat behind, together accounting for a further X%.

Greece, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for isoprene rubber (IR) in primary forms stood at $X per ton in 2022, with a decrease of X% against the previous year. Overall, the export price showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of X%. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Sri Lanka ($X per ton), while the average price for exports to Malaysia ($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 Pakistan (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Isoprene Rubber (IR) in Primary Forms

Imports into Italy

In 2022, purchases abroad of isoprene rubber (IR) in primary forms decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, total imports indicated a tangible expansion from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2016 with an increase of X%. Over the period under review, imports of reached the maximum at X tons in 2021, and then reduced in the following year.

In value terms, imports of isoprene rubber (IR) in primary forms skyrocketed to $X in 2022. Overall, imports, however, recorded slight growth. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, Germany (X tons) constituted the largest isoprene rubber (IR) in primary form supplier to Italy, with a X% share of total imports. Moreover, imports of isoprene rubber (IR) in primary forms from Germany exceeded the figures recorded by the second-largest supplier, Russia (X tons), threefold. Hungary (X tons) ranked third in terms of total imports with an X% share.

From 2012 to 2022, the average annual growth rate of volume from Germany amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (X% per year) and Hungary (X% per year).

In value terms, Germany ($X), Russia ($X) and Japan ($X) were the largest isoprene rubber (IR) in primary form suppliers to Italy, with a combined X% share of total imports. Hungary, Slovenia, Poland and France lagged somewhat behind, together accounting for a further X%.

Slovenia, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for isoprene rubber (IR) in primary forms stood at $X per ton in 2022, with an increase of X% against the previous year. Over the period under review, the import price, however, recorded a mild decrease. Over the period under review, average import prices attained 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 supplying countries. In 2022, amid the top importers, the country with the highest price was Japan ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :