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

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

In 2021, the Europe market for isoprene rubber (IR) in primary forms increased by 1.5% to $X, rising for the fifth year in a row after four years of decline. In general, consumption showed a perceptible decline. The pace of growth appeared the most rapid in 2017 when the market value increased by 6.2% against the previous year. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Production of Isoprene Rubber (IR) in Primary Forms in Europe

In value terms, production of isoprene rubber (IR) in primary forms totaled $X in 2021 estimated in export price. Over the period under review, production showed a noticeable curtailment. The growth pace was the most rapid in 2017 when the production volume increased by 6%. The level of production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Exports of Isoprene Rubber (IR) in Primary Forms

Exports in Europe

After three years of decline, shipments abroad of isoprene rubber (IR) in primary forms increased by 18% to X tons in 2021. Over the period under review, exports saw a relatively flat trend pattern. Over the period under review, the exports of hit record highs at X tons in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

In value terms, exports of isoprene rubber (IR) in primary forms surged to $X in 2021. Overall, exports, however, showed a deep setback. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Russia represented the main exporting country with an export of around X tons, which amounted to 65% of total exports. Germany (X tons) took a 14% share (based on physical terms) of total exports, which put it in second place, followed by Italy (8.3%) and Poland (4.8%). France (X tons) and Hungary (X tons) took a minor share of total exports.

Russia experienced a relatively flat trend pattern with regard to volume of exports of isoprene rubber (IR) in primary forms. At the same time, Italy (+6.1%), Germany (+2.5%) and Hungary (+1.8%) displayed positive paces of growth. Moreover, Italy emerged as the fastest-growing exporter exported in Europe, with a CAGR of +6.1% from 2012-2021. France experienced a relatively flat trend pattern. By contrast, Poland (-1.9%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Italy and Germany increased by +3.2 and +2.1 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) remains the largest isoprene rubber (IR) in primary form supplier in Europe, comprising 64% of total exports. The second position in the ranking was taken by Italy ($X), with a 9.2% share of total exports. It was followed by Germany, with an 8.9% share.

From 2012 to 2021, the average annual growth rate of value in Russia amounted to -6.8%. In the other countries, the average annual rates were as follows: Italy (+5.0% per year) and Germany (-2.6% per year).

Export Prices by Country

The export price in Europe stood at $X per ton in 2021, increasing by 28% against the previous year. In general, the export price, however, saw a abrupt setback. Over the period under review, the export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Hungary ($X per ton), while Germany ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (-1.0%), while the other leaders experienced a decline in the export price figures.

Imports of Isoprene Rubber (IR) in Primary Forms

Imports in Europe

In 2021, supplies from abroad of isoprene rubber (IR) in primary forms was finally on the rise to reach X tons for the first time since 2017, thus ending a three-year declining trend. Overall, imports, however, saw a mild downturn. The volume of import peaked at X tons in 2013; however, from 2014 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, however, saw a abrupt contraction. Over the period under review, imports of reached the maximum at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

Poland (X tons) and Germany (X tons) represented the major importers of isoprene rubber (IR) in primary forms in 2021, reaching approx. 15% and 12% of total imports, respectively. Spain (X tons) ranks next in terms of the total imports with an 8.2% share, followed by Romania (7.2%), Italy (7.2%), Belarus (6.1%), Hungary (5.4%), Ukraine (4.8%) and Belgium (4.7%). The following importers - Austria (X tons), France (X tons), Slovakia (X tons) and the Czech Republic (X tons) - each amounted to a 16% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Romania (with a CAGR of +10.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest isoprene rubber (IR) in primary form importing markets in Europe were Poland ($X), Germany ($X) and Spain ($X), with a combined 34% share of total imports. Belgium, Romania, Belarus, Italy, Hungary, Ukraine, France, Slovakia, the Czech Republic and Austria lagged somewhat behind, together comprising a further 50%.

In terms of the main importing countries, Austria, with a CAGR of +6.5%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

The import price in Europe stood at $X per ton in 2021, rising by 12% against the previous year. In general, the import price, however, saw a abrupt descent. The growth pace was the most rapid in 2017 an increase of 19% against the previous year. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Belgium ($X per ton), while Austria ($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 (-2.2%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform