Report Update May 1, 2024

Sri Lanka - Isoprene Rubber (IR) in Primary Forms - Market Analysis, Forecast, Size, Trends and Insights

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

Market Size for Isoprene Rubber (IR) in Primary Forms in Sri Lanka

In 2022, the Sri Lankan market for isoprene rubber (IR) in primary forms decreased by X% to $X for the first time since 2018, thus ending a three-year rising trend. Over the period under review, consumption, however, recorded buoyant growth. Consumption of peaked at $X in 2021, and then shrank sharply in the following year.

Exports of Isoprene Rubber (IR) in Primary Forms

Exports from Sri Lanka

In 2022, approx. X tons of isoprene rubber (IR) in primary forms were exported from Sri Lanka; which is down by X% compared with 2021 figures. Over the period under review, exports saw a significant contraction. The pace of growth appeared the most rapid in 2021 when exports increased by X%. Over the period under review, the exports of reached the maximum at X tons in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, exports of isoprene rubber (IR) in primary forms declined remarkably to $X in 2022. Overall, exports faced a sharp descent. The pace of growth appeared the most rapid in 2019 with an increase of X% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Portugal (X tons) was the main destination for exports of isoprene rubber (IR) in primary forms from Sri Lanka, accounting for a approx. X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Portugal stood at X%.

In value terms, Portugal ($X) emerged as the key foreign market for isoprene rubber (IR) in primary forms exports from Sri Lanka.

From 2012 to 2022, the average annual rate of growth in terms of value to Portugal stood at X%.

Export Prices by Country

In 2022, the average export price for isoprene rubber (IR) in primary forms amounted to $X per ton, dropping by X% against the previous year. Over the period under review, the export price recorded a abrupt shrinkage. The pace of growth was the most pronounced in 2019 an increase of X%. Over the period under review, the average export prices hit record highs at $X per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Portugal.

From 2012 to 2022, the rate of growth in terms of prices for China amounted to X% per year.

Imports of Isoprene Rubber (IR) in Primary Forms

Imports into Sri Lanka

In 2022, after three years of growth, there was significant decline in overseas purchases of isoprene rubber (IR) in primary forms, when their volume decreased by X% to X tons. Overall, imports, however, showed a buoyant increase. The growth pace was the most rapid in 2016 when imports increased by X%. Over the period under review, imports of hit record highs at X tons in 2021, and then dropped rapidly in the following year.

In value terms, imports of isoprene rubber (IR) in primary forms shrank to $X in 2022. In general, imports, however, enjoyed buoyant growth. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. As a result, imports reached the peak of $X, and then reduced in the following year.

Imports by Country

Japan (X tons), Malaysia (X tons) and Brazil (X tons) were the main suppliers of imports of isoprene rubber (IR) in primary forms to Sri Lanka, together accounting for X% of total imports. Taiwan (Chinese), Germany and Italy lagged somewhat behind, together accounting for a further X%.

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

In value terms, Japan ($X), Brazil ($X) and Malaysia ($X) constituted the largest isoprene rubber (IR) in primary form suppliers to Sri Lanka, with a combined X% share of total imports. Taiwan (Chinese), Germany and Italy lagged somewhat behind, together accounting for a further X%.

In terms of the main suppliers, Germany, with a CAGR of X%, saw 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

The average import price for isoprene rubber (IR) in primary forms stood at $X per ton in 2022, growing by X% against the previous year. Over the period under review, import price indicated a notable expansion from 2012 to 2022: its price 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, import price for isoprene rubber (IR) in primary forms increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2021 when the average import price increased by X% against the previous year. Over the period under review, average import prices reached the peak figure in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Brazil ($X per ton), while the price for Malaysia ($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 more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for isoprene rubber (ir) in primary forms in the world?

The countries with the highest volumes of consumption in 2023 were Germany, Taiwan Chinese) and China, together accounting for 23% of global consumption. The United States, Turkey, Romania, Malaysia, Poland, the Netherlands, Thailand, Sri Lanka, Spain and Japan lagged somewhat behind, together comprising a further 42%.

What are the largest producers of isoprene rubber (ir) in primary forms in the world?

The country with the largest volume of production of isoprene rubber IR) in primary forms was Russia, comprising approx. 54% of total volume. Moreover, production of isoprene rubber IR) in primary forms in Russia exceeded the figures recorded by the second-largest producer, Japan, fourfold. The third position in this ranking was taken by Germany, with an 11% share.

What are the leading suppliers of isoprene rubber (ir) in primary forms to Sri Lanka?

In value terms, the largest isoprene rubber IR) in primary form suppliers to Sri Lanka were Japan, Brazil and Malaysia, with a combined 94% share of total imports. Taiwan Chinese), Germany and Italy lagged somewhat behind, together accounting for a further 5.5%.

What are the leading importers of isoprene rubber (ir) in primary forms from Sri Lanka?

In value terms, Portugal emerged as the key foreign market for isoprene rubber IR) in primary forms exports from Sri Lanka.

What is the average export price for isoprene rubber (ir) in primary forms in Sri Lanka?

In 2022, the average export price for isoprene rubber IR) in primary forms amounted to $1,942 per ton, shrinking by -73.8% against the previous year.

What is the average import price for isoprene rubber (ir) in primary forms in Sri Lanka?

The average import price for isoprene rubber IR) in primary forms stood at $2,778 per ton in 2022, with an increase of 13% against the previous year.

This report provides an in-depth analysis of the market for isoprene rubber (ir) in primary form in Sri Lanka. 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 2030.

Product coverage:

Country coverage:

Sri Lanka

Data coverage:

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

Reasons to buy this report:

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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:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
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. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023