Italy: Market for Synthetic Rubber (Excluding Latex) 2024

Market Size for Synthetic Rubber (Excluding Latex) in Italy

In 2022, the Italian synthetic rubber (excluding latex) market increased by X% to $X, rising for the second consecutive year after three years of decline. Overall, consumption showed a slight decline. Synthetic rubber (excluding latex) consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Production of Synthetic Rubber (Excluding Latex) in Italy

In value terms, synthetic rubber (excluding latex) production expanded markedly to $X in 2022 estimated in export price. Over the period under review, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the production volume increased by X% against the previous year. Synthetic rubber (excluding latex) production peaked at $X in 2012; afterwards, it flattened through to 2022.

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Exports of Synthetic Rubber (Excluding Latex)

Exports from Italy

For the sixth consecutive year, Italy recorded decline in overseas shipments of synthetic rubber (excluding latex), which decreased by X% to X tons in 2022. Overall, exports continue to indicate a perceptible contraction. The growth pace was the most rapid in 2016 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons. From 2017 to 2022, the growth of the exports failed to regain momentum.

In value terms, synthetic rubber (excluding latex) exports dropped to $X in 2022. In general, exports showed a pronounced shrinkage. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

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

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

In value terms, the largest markets for synthetic rubber (excluding latex) exported from Italy were Germany ($X), Spain ($X) and Turkey ($X), with a combined X% share of total exports. France, the United States, Belgium, Poland, Portugal, Hungary, Switzerland, the Czech Republic, the UK and South Africa lagged somewhat behind, together comprising a further X%.

Among the main countries of destination, South Africa, with a CAGR of X%, recorded the highest growth rate of 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 synthetic rubber (excluding latex) export price amounted to $X per ton, with an increase of X% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of X% against the previous year. Over the period under review, the average export prices hit record highs 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 Germany ($X per ton), while the average price for exports to South Africa ($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 Portugal (X%), while the prices for the other major destinations experienced a decline.

Imports of Synthetic Rubber (Excluding Latex)

Imports into Italy

In 2022, imports of synthetic rubber (excluding latex) into Italy contracted modestly to X tons, falling by X% on 2021. The total import volume increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons, and then contracted modestly in the following year.

In value terms, synthetic rubber (excluding latex) imports rose markedly to $X in 2022. Overall, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded 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.

Imports by Country

Belgium (X tons), South Korea (X tons) and Japan (X tons) were the main suppliers of synthetic rubber (excluding latex) imports to Italy, with a combined X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by South Korea (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X), South Korea ($X) and Japan ($X) were the largest synthetic rubber (excluding latex) suppliers to Italy, with a combined X% share of total imports.

South Korea, 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 synthetic rubber (excluding latex) import price stood at $X per ton in 2022, increasing by X% against the previous year. In general, the import price, however, saw a slight downturn. The pace of growth appeared the most rapid in 2021 when the average import price increased by X%. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for the Czech Republic ($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 prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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