Italy: Market for Natural Rubber And Gums 2024

Market Size for Natural Rubber And Gums in Italy

In 2022, the Italian natural rubber and gum market increased by X% to $X, rising for the second consecutive year after three years of decline. Over the period under review, consumption, however, showed a relatively flat trend pattern. Natural rubber and gum consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Exports of Natural Rubber And Gums

Exports from Italy

In 2022, shipments abroad of natural rubber and gums increased by X% to X tons, rising for the fifth consecutive year after two years of decline. Over the period under review, exports recorded buoyant growth. The most prominent rate of growth was recorded in 2020 with an increase of X%. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in the immediate term.

In value terms, natural rubber and gum exports surged to $X in 2022. Overall, exports recorded strong growth. The most prominent rate of growth was recorded in 2020 with an increase of X%. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in the immediate term.

Exports by Country

Russia (X tons) was the main destination for natural rubber and gum exports from Italy, with a X% share of total exports. Moreover, natural rubber and gum exports to Russia exceeded the volume sent to the second major destination, the Czech Republic (X tons), threefold. Hungary (X tons) ranked third in terms of total exports with an X% share.

From 2012 to 2022, the average annual growth rate of volume to Russia totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Czech Republic (X% per year) and Hungary (X% per year).

In value terms, the Czech Republic ($X), Russia ($X) and Hungary ($X) were the largest markets for natural rubber and gum exported from Italy worldwide, with a combined X% share of total exports.

Among the main countries of destination, the Czech Republic, with a CAGR of X%, recorded 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

In 2022, the average natural rubber and gum export price amounted to $X per ton, declining by X% against the previous year. In general, the export price showed a perceptible reduction. The pace of growth appeared the most rapid in 2020 when the average export price increased by X% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat 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 Belgium ($X per ton), while the average price for exports to Switzerland ($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 Belgium (X%), while the prices for the other major destinations experienced a decline.

Imports of Natural Rubber And Gums

Imports into Italy

In 2022, overseas purchases of natural rubber and gums increased by X% to X tons, rising for the second consecutive year after two years of decline. The total import volume increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. 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 hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, natural rubber and gum imports soared to $X in 2022. In general, imports, however, continue to indicate a mild slump. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Cote d'Ivoire (X tons), Malaysia (X tons) and Vietnam (X tons) were the main suppliers of natural rubber and gum imports to Italy, together comprising X% of total imports. Guatemala, Thailand, the Netherlands, Ghana and Indonesia lagged somewhat behind, together accounting for a further X%.

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

In value terms, Malaysia ($X), Cote d'Ivoire ($X) and Vietnam ($X) were the largest natural rubber and gum suppliers to Italy, together comprising X% of total imports. Guatemala, Thailand, the Netherlands, Ghana and Indonesia lagged somewhat behind, together comprising a further X%.

Ghana, with a CAGR of X%, saw the highest growth rate of 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

In 2022, the average natural rubber and gum import price amounted to $X per ton, picking up by X% against the previous year. Over the period under review, the import price, however, saw a noticeable reduction. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Indonesia ($X per ton) and Malaysia ($X per ton), while the price for Vietnam ($X per ton) and Cote d'Ivoire ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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