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

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

In 2021, the Danish market for isoprene rubber (IR) in primary forms was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. In general, consumption, however, showed a abrupt descent. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Exports of Isoprene Rubber (IR) in Primary Forms

Exports from Denmark

In 2021, approx. X tons of isoprene rubber (IR) in primary forms were exported from Denmark; which is down by -36% against 2020 figures. Overall, exports showed a abrupt shrinkage. The pace of growth was the most pronounced in 2020 with an increase of 60%. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, exports of isoprene rubber (IR) in primary forms declined notably to $X in 2021. Over the period under review, exports continue to indicate a deep reduction. The most prominent rate of growth was recorded in 2017 with an increase of 120%. Over the period under review, the exports of attained the peak figure at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Germany (X tons) was the main destination for exports of isoprene rubber (IR) in primary forms from Denmark, with a 84% share of total exports. Moreover, exports of isoprene rubber (IR) in primary forms to Germany exceeded the volume sent to the second major destination, Taiwan (Chinese) (X tons), sevenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Germany amounted to -10.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Taiwan (Chinese) (+1.5% per year) and Sweden (+99.5% per year).

In value terms, Germany ($X) remains the key foreign market for isoprene rubber (IR) in primary forms exports from Denmark, comprising 66% of total exports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a 12% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Germany totaled -8.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Taiwan (Chinese) (-0.2% per year) and Sweden (+85.8% per year).

Export Prices by Country

The average export price for isoprene rubber (IR) in primary forms stood at $X per ton in 2021, picking up by 30% against the previous year. In general, export price indicated perceptible growth from 2012 to 2021: its price increased at an average annual rate of +3.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when the average export price increased by 71%. Over the period under review, the average export prices reached the maximum at $X per ton in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

Average prices varied somewhat for the major foreign markets. In 2021, the country with the highest price was Taiwan (Chinese) ($X per ton), while the average price for exports to Sweden ($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 Vietnam (+47.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Isoprene Rubber (IR) in Primary Forms

Imports into Denmark

In 2021, supplies from abroad of isoprene rubber (IR) in primary forms decreased by -0.1% to X tons, falling for the third year in a row after four years of growth. Overall, imports faced a abrupt shrinkage. The most prominent rate of growth was recorded in 2016 when imports increased by 401%. Over the period under review, imports of reached the peak figure at X tons in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, imports of isoprene rubber (IR) in primary forms reached $X in 2021. In general, imports recorded a abrupt shrinkage. The growth pace was the most rapid in 2016 with an increase of 416% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, the Netherlands (X tons) was the main supplier of isoprene rubber (IR) in primary form to Denmark, with a 99% share of total imports. It was followed by Germany (X kg), with less than 0.1% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from the Netherlands totaled +14.5%.

In value terms, the Netherlands ($X) constituted the largest supplier of isoprene rubber (IR) in primary forms to Denmark, comprising 99% of total imports. The second position in the ranking was taken by Germany ($X), with less than 0.1% share of total imports.

From 2012 to 2021, the average annual growth rate of value from the Netherlands amounted to +19.7%.

Import Prices by Country

The average import price for isoprene rubber (IR) in primary forms stood at $X per ton in 2021, growing by 9.8% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, the country with the highest price was Germany ($X per ton), while the price for the Netherlands totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+4.5%).

Source: IndexBox Platform