Europe: Buta-1,3-Diene And Isoprene Market 2024

Buta-1,3-Diene And Isoprene Market Size in Europe

The Europe buta-1,3-diene and isoprene market surged to $X in 2022, increasing by 603% against the previous year. Overall, consumption showed a remarkable increase. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Buta-1,3-Diene And Isoprene Production in Europe

In value terms, buta-1,3-diene and isoprene production expanded to $X in 2022 estimated in export price. Overall, production, however, saw a abrupt slump. The pace of growth appeared the most rapid in 2017 with an increase of 15%. The level of production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Buta-1,3-Diene And Isoprene Exports

Exports in Europe

In 2022, approx. X tons of buta-1,3-diene and isoprene were exported in Europe; shrinking by -9.9% compared with the year before. Over the period under review, exports recorded a perceptible setback. The most prominent rate of growth was recorded in 2016 when exports increased by 39% against the previous year. The volume of export peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, buta-1,3-diene and isoprene exports contracted to $X in 2022. Overall, exports saw a deep reduction. The most prominent rate of growth was recorded in 2017 when exports increased by 80%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

The Netherlands was the key exporting country with an export of around X tons, which reached 55% of total exports. Germany (X tons) ranks second in terms of the total exports with a 22% share, followed by Belgium (11%) and Hungary (4.7%). Portugal (X tons) and France (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to buta-1,3-diene and isoprene exports from the Netherlands stood at -3.6%. At the same time, Hungary (+20.1%), Belgium (+10.8%) and Portugal (+5.1%) displayed positive paces of growth. Moreover, Hungary emerged as the fastest-growing exporter exported in Europe, with a CAGR of +20.1% from 2012-2022. By contrast, Germany (-4.7%) and France (-6.0%) illustrated a downward trend over the same period. Belgium (+8.5 p.p.), Hungary (+4.7 p.p.) and Portugal (+1.7 p.p.) significantly strengthened its position in terms of the total exports, while Germany saw its share reduced by -3.2% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the Netherlands ($X) remains the largest buta-1,3-diene and isoprene supplier in Europe, comprising 54% of total exports. The second position in the ranking was taken by Germany ($X), with a 22% share of total exports. It was followed by Belgium, with a 12% share.

In the Netherlands, buta-1,3-diene and isoprene exports plunged by an average annual rate of -4.9% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Germany (-9.5% per year) and Belgium (+3.4% per year).

Export Prices by Country

In 2022, the export price in Europe amounted to $X per ton, growing by 8.6% against the previous year. In general, the export price, however, saw a noticeable decline. The most prominent rate of growth was recorded in 2017 an increase of 54% against the previous year. Over the period under review, the export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Average prices varied somewhat amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in Portugal ($X per ton) and Belgium ($X per ton), while France ($X per ton) and the Netherlands ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hungary (+9.6%), while the other leaders experienced a decline in the export price figures.

Buta-1,3-Diene And Isoprene Imports

Imports in Europe

In 2022, approx. X tons of buta-1,3-diene and isoprene were imported in Europe; with a decrease of -20% on the previous year's figure. Overall, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 29%. The volume of import peaked at X tons in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, buta-1,3-diene and isoprene imports declined to $X in 2022. Over the period under review, imports saw a abrupt curtailment. The growth pace was the most rapid in 2021 when imports increased by 98%. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, France (X tons) represented the largest importer of buta-1,3-diene and isoprene, making up 34% of total imports. The Netherlands (X tons) ranks second in terms of the total imports with a 13% share, followed by Poland (13%), the Czech Republic (9.5%), the UK (8.4%), Germany (7.3%) and Belgium (6.5%).

France experienced a relatively flat trend pattern with regard to volume of imports of buta-1,3-diene and isoprene. At the same time, the Czech Republic (+17.6%), Poland (+8.9%), the UK (+4.7%) and the Netherlands (+1.6%) displayed positive paces of growth. Moreover, the Czech Republic emerged as the fastest-growing importer imported in Europe, with a CAGR of +17.6% from 2012-2022. By contrast, Germany (-1.2%) and Belgium (-10.7%) illustrated a downward trend over the same period. From 2012 to 2022, the share of the Czech Republic, Poland, the UK and the Netherlands increased by +7.6, +7.3, +3.2 and +2.1 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, France ($X) constitutes the largest market for imported buta-1,3-diene and isoprene in Europe, comprising 35% of total imports. The second position in the ranking was taken by Poland ($X), with a 13% share of total imports. It was followed by the Netherlands, with a 12% share.

From 2012 to 2022, the average annual growth rate of value in France amounted to -6.3%. In the other countries, the average annual rates were as follows: Poland (+3.5% per year) and the Netherlands (-5.2% per year).

Import Prices by Country

In 2022, the import price in Europe amounted to $X per ton, picking up by 14% against the previous year. In general, the import price, however, saw a abrupt decrease. The pace of growth appeared the most rapid in 2017 when the import price increased by 61% against the previous year. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major importing countries. In 2022, major importing countries recorded the following prices: in the UK ($X per ton) and France ($X per ton), while the Netherlands ($X per ton) and Belgium ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (-4.5%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform