Europe: Synthetic Latex Rubber Market 2024

Synthetic Latex Rubber Market Size in Europe

In 2021, the Europe synthetic latex rubber market increased by 13% to $X for the first time since 2017, thus ending a three-year declining trend. Over the period under review, consumption, however, saw a mild downturn. Over the period under review, the market reached the peak level at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Synthetic Latex Rubber Production in Europe

In value terms, synthetic latex rubber production skyrocketed to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a pronounced decrease. The most prominent rate of growth was recorded in 2017 with an increase of 33% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Synthetic Latex Rubber Exports

Exports in Europe

In 2021, shipments abroad of synthetic latex rubber was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. The total export volume increased at an average annual rate of +1.4% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, synthetic latex rubber exports surged to $X in 2021. In general, exports, however, showed a slight reduction. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Germany represented the major exporter of synthetic latex rubber in Europe, with the volume of exports amounting to X tons, which was near 49% of total exports in 2021. It was distantly followed by the Netherlands (X tons), Belgium (X tons), Italy (X tons) and Finland (X tons), together constituting a 42% share of total exports. The following exporters - Spain (X tons) and France (X tons) - each resulted at a 4.6% share of total exports.

Germany experienced a relatively flat trend pattern with regard to volume of exports of synthetic latex rubber. At the same time, Italy (+10.4%), Spain (+8.2%), the Netherlands (+4.3%) and France (+3.5%) displayed positive paces of growth. Moreover, Italy emerged as the fastest-growing exporter exported in Europe, with a CAGR of +10.4% from 2012-2021. Finland experienced a relatively flat trend pattern. By contrast, Belgium (-1.7%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Italy and the Netherlands increased by +5.4 and +3.7 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X) remains the largest synthetic latex rubber supplier in Europe, comprising 51% of total exports. The second position in the ranking was held by Italy ($X), with a 13% share of total exports. It was followed by the Netherlands, with a 13% share.

In Germany, synthetic latex rubber exports decreased by an average annual rate of -1.8% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Italy (+7.8% per year) and the Netherlands (-0.6% per year).

Export Prices by Country

The export price in Europe stood at $X per ton in 2021, rising by 36% against the previous year. Overall, the export price, however, saw a perceptible downturn. Over the period under review, the export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was France ($X per ton), while the Netherlands ($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 (-1.5%), while the other leaders experienced a decline in the export price figures.

Synthetic Latex Rubber Imports

Imports in Europe

In 2021, approx. X tons of synthetic latex rubber were imported in Europe; growing by 23% compared with the previous year. The total import volume increased at an average annual rate of +1.8% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, synthetic latex rubber imports surged to $X in 2021. Over the period under review, imports, however, saw a mild slump. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Italy (X tons), Belgium (X tons), Germany (X tons), the Netherlands (X tons), Austria (X tons), Spain (X tons), France (X tons), the Czech Republic (X tons), the UK (X tons), Russia (X tons), Poland (X tons) and Serbia (X tons) was the major importer of synthetic latex rubber in Europe, making up 85% of total import.

From 2012 to 2021, the biggest increases were recorded for Poland (with a CAGR of +12.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X), Germany ($X) and the Netherlands ($X) constituted the countries with the highest levels of imports in 2021, with a combined 33% share of total imports. Italy, Spain, Austria, France, the UK, Russia, the Czech Republic, Poland and Serbia lagged somewhat behind, together accounting for a further 48%.

Serbia, with a CAGR of +10.2%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Europe stood at $X per ton in 2021, surging by 28% against the previous year. Overall, the import price, however, recorded a perceptible decline. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Poland ($X per ton), while Italy ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform