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

Market Size for Isoprene Rubber (IR) in Primary Forms in Austria

The Austrian market for isoprene rubber (IR) in primary forms surged to $X in 2021, growing by 83% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption posted resilient growth. As a result, consumption attained the peak level of $X. From 2020 to 2021, the growth of the market failed to regain momentum.

Exports of Isoprene Rubber (IR) in Primary Forms

Exports from Austria

In 2021, approx. X tons of isoprene rubber (IR) in primary forms were exported from Austria; shrinking by -66.1% compared with 2020 figures. In general, exports faced a precipitous decline. The pace of growth was the most pronounced in 2018 with an increase of 390% against the previous year. The exports peaked at X tons in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

In value terms, exports of isoprene rubber (IR) in primary forms dropped to $X in 2021. Overall, exports recorded a sharp descent. The pace of growth appeared the most rapid in 2014 with an increase of 170%. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

Exports by Country

Hungary (X kg) was the main destination for exports of isoprene rubber (IR) in primary forms from Austria, with a 57% share of total exports. Moreover, exports of isoprene rubber (IR) in primary forms to Hungary exceeded the volume sent to the second major destination, Poland (X kg), threefold. Romania (X kg) ranked third in terms of total exports with a 6.1% share.

From 2012 to 2021, the average annual growth rate of volume to Hungary amounted to +11.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (0.0% per year) and Romania (+660.0% per year).

In value terms, Hungary ($X) remains the key foreign market for isoprene rubber (IR) in primary forms exports from Austria, comprising 95% of total exports. The second position in the ranking was taken by Poland ($X), with a 0.3% share of total exports. It was followed by Italy, with a 0.3% share.

From 2012 to 2021, the average annual growth rate of value to Hungary amounted to +28.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (0.0% per year) and Italy (0.0% per year).

Export Prices by Country

In 2021, the average export price for isoprene rubber (IR) in primary forms amounted to $X per ton, increasing by 169% against the previous year. In general, the export price enjoyed prominent growth. The pace of growth appeared the most rapid in 2017 an increase of 670% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2018 to 2021, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Hungary ($X per ton), while the average price for exports to Poland ($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 Hungary (+15.2%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Isoprene Rubber (IR) in Primary Forms

Imports into Austria

In 2021, approx. X tons of isoprene rubber (IR) in primary forms were imported into Austria; jumping by 81% on the previous year's figure. Overall, imports recorded a remarkable increase. The most prominent rate of growth was recorded in 2017 with an increase of 210%. Imports peaked at X tons in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, imports of isoprene rubber (IR) in primary forms soared to $X in 2021. In general, imports enjoyed a buoyant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Germany (X tons) was the main isoprene rubber (IR) in primary form supplier to Austria, accounting for a 92% share of total imports. Moreover, imports of isoprene rubber (IR) in primary forms from Germany exceeded the figures recorded by the second-largest supplier, Thailand (X tons), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume from Germany totaled +24.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+148.3% per year) and Switzerland (-74.0% per year).

In value terms, Germany ($X) constituted the largest supplier of isoprene rubber (IR) in primary forms to Austria, comprising 66% of total imports. The second position in the ranking was held by Thailand ($X), with a 26% share of total imports.

From 2012 to 2021, the average annual growth rate of value from Germany totaled +18.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+187.2% per year) and Switzerland (-70.7% per year).

Import Prices by Country

In 2021, the average import price for isoprene rubber (IR) in primary forms amounted to $X per ton, growing by 3.6% against the previous year. Overall, the import price, however, saw a perceptible decline. The pace of growth appeared the most rapid in 2016 when the average import price increased by 230%. As a result, import price attained the peak level of $X per ton. From 2017 to 2021, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+15.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform