Global Synthetic Latex Rubber Market 2024

Synthetic Latex Rubber Market Size

In 2022, after six years of growth, there was decline in the global synthetic latex rubber market, when its value decreased by X% to $X. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2017 when the market value increased by X% against the previous year. Over the period under review, the global market hit record highs at $X in 2021, and then fell in the following year.

Synthetic Latex Rubber Production

In value terms, synthetic latex rubber production stood at $X in 2022 estimated in export price. Over the period under review, production, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the production volume increased by X% against the previous year. Over the period under review, global production hit record highs in 2022 and is likely to see steady growth in the near future.

Synthetic Latex Rubber Exports

Exports

In 2022, shipments abroad of synthetic latex rubber decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. In general, total exports indicated a moderate 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. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, the exports attained the peak of X tons, and then shrank rapidly in the following year.

In value terms, synthetic latex rubber exports declined remarkably to $X in 2022. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of X%. As a result, the exports reached the peak of $X, and then dropped dramatically in the following year.

Exports by Country

In 2022, South Korea (X tons), distantly followed by Germany (X tons), Taiwan (Chinese) (X tons), the Netherlands (X tons), Malaysia (X tons), the United States (X tons) and Belgium (X tons) represented the key exporters of synthetic latex rubber, together comprising X% of total exports. The following exporters - Japan (X tons), China (X tons), Italy (X tons), Thailand (X tons), Indonesia (X tons) and India (X tons) - together made up X% of total exports.

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

In value terms, South Korea ($X), Germany ($X) and Japan ($X) constituted the countries with the highest levels of exports in 2022, together accounting for X% of global exports. Taiwan (Chinese), the United States, the Netherlands, Malaysia, Belgium, Italy, China, Thailand, India and Indonesia lagged somewhat behind, together accounting for a further X%.

Among the main exporting countries, India, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

The average synthetic latex rubber export price stood at $X per ton in 2022, which is down by X% against the previous year. Overall, the export price showed a mild shrinkage. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Japan ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (X%), while the other global leaders experienced mixed trends in the export price figures.

Synthetic Latex Rubber Imports

Imports

After ten years of growth, purchases abroad of synthetic latex rubber decreased by X% to X tons in 2022. Over the period under review, imports, however, posted a noticeable expansion. The pace of growth was the most pronounced in 2021 when imports increased by X%. As a result, imports reached the peak of X tons, and then declined sharply in the following year.

In value terms, synthetic latex rubber imports contracted remarkably to $X in 2022. Overall, imports, however, posted a modest expansion. The pace of growth appeared the most rapid in 2021 with an increase of X%. As a result, imports attained the peak of $X, and then fell sharply in the following year.

Imports by Country

Malaysia was the key importer of synthetic latex rubber in the world, with the volume of imports reaching X tons, which was approx. X% of total imports in 2022. China (X tons) took the second position in the ranking, followed by Thailand (X tons). All these countries together took approx. X% share of total imports. The following importers - Italy (X tons), Belgium (X tons), Turkey (X tons), Germany (X tons), the United States (X tons), Vietnam (X tons), the Netherlands (X tons), Spain (X tons), Austria (X tons) and Indonesia (X tons) - together made up X% of total imports.

Imports into Malaysia increased at an average annual rate of X% from 2012 to 2022. At the same time, Vietnam (X%), Austria (X%), the United States (X%), Italy (X%), Turkey (X%), China (X%), Germany (X%), Thailand (X%), Belgium (X%) and Indonesia (X%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing importer imported in the world, with a CAGR of X% from 2012-2022. Spain experienced a relatively flat trend pattern. By contrast, the Netherlands (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Malaysia and Vietnam increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest synthetic latex rubber importing markets worldwide were Malaysia ($X), China ($X) and Thailand ($X), with a combined X% share of global imports. The United States, Belgium, Turkey, Germany, Vietnam, Indonesia, the Netherlands, Italy, Spain and Austria lagged somewhat behind, together comprising a further X%.

Vietnam, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average synthetic latex rubber import price amounted to $X per ton, growing by X% against the previous year. In general, the import price, however, showed a slight shrinkage. The most prominent rate of growth was recorded in 2021 when the average import price increased by X% against the previous year. Global 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 destination: amid the top importers, the country with the highest price was Indonesia ($X per ton), while Italy ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (X%), while the other global leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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