Netherlands: Synthetic Rubber Market 2024

Synthetic Rubber Market Size in the Netherlands

The Dutch synthetic rubber market fell rapidly to $X in 2021, declining by -86.3% against the previous year. Over the period under review, consumption faced a significant decline. Over the period under review, the market reached the peak level at $X in 2017; however, from 2018 to 2021, consumption stood at a somewhat lower figure.

Synthetic Rubber Production in the Netherlands

In value terms, synthetic rubber production fell rapidly to $X in 2021 estimated in export price. In general, production saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 with an increase of 80% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2021, production growth remained at a lower figure.

Synthetic Rubber Exports

Exports from the Netherlands

For the third year in a row, the Netherlands recorded growth in overseas shipments of synthetic rubber, which increased by 27% to X tons in 2021. In general, exports showed a buoyant expansion. The growth pace was the most rapid in 2013 with an increase of 63% against the previous year. Over the period under review, the exports reached the maximum in 2021 and are likely to continue growth in the near future.

In value terms, synthetic rubber exports soared to $X in 2021. Over the period under review, exports saw a resilient expansion. The pace of growth was the most pronounced in 2013 when exports increased by 74%. The exports peaked in 2021 and are expected to retain growth in the near future.

Exports by Country

Germany (X tons), Turkey (X tons) and Belgium (X tons) were the main destinations of synthetic rubber exports from the Netherlands, with a combined 32% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Turkey (with a CAGR of +35.9%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the key foreign market for synthetic rubber exports from the Netherlands, comprising 17% of total exports. The second position in the ranking was taken by Belgium ($X), with a 6% share of total exports. It was followed by France, with a 6% share.

From 2012 to 2021, the average annual growth rate of value to Germany totaled +2.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (+2.1% per year) and France (+4.7% per year).

Export Prices by Country

In 2021, the average synthetic rubber export price amounted to $X per ton, rising by 27% against the previous year. Over the period under review, the export price, however, continues to indicate a slight decrease. Over the period under review, the average export prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+5.8%), while the prices for the other major destinations experienced more modest paces of growth.

Synthetic Rubber Imports

Imports into the Netherlands

In 2021, purchases abroad of synthetic rubber was finally on the rise to reach X tons after two years of decline. Over the period under review, imports saw a relatively flat trend pattern. Imports peaked at X tons in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

In value terms, synthetic rubber imports surged to $X in 2021. In general, imports, however, showed a slight descent. Imports peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

Germany (X tons), Belgium (X tons) and France (X tons) were the main suppliers of synthetic rubber imports to the Netherlands, with a combined 60% share of total imports. Japan, the UK, Taiwan (Chinese), the United States, South Korea, China, the Czech Republic, Italy and Brazil lagged somewhat behind, together comprising a further 33%.

From 2012 to 2021, the biggest increases were recorded for Taiwan (Chinese) (with a CAGR of +22.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest synthetic rubber suppliers to the Netherlands were Germany ($X), Belgium ($X) and Japan ($X), together accounting for 50% of total imports. The United States, France, the UK, Taiwan (Chinese), China, South Korea, Italy, Brazil and the Czech Republic lagged somewhat behind, together comprising a further 44%.

Taiwan (Chinese), with a CAGR of +16.6%, recorded the highest rates of growth with regard to the value of imports, among 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 import price stood at $X per ton in 2021, with an increase of 25% against the previous year. Over the period under review, the import price, however, showed a perceptible decline. The most prominent rate of growth was recorded in 2017 when the average import price increased by 25% 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 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+0.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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