Europe: Synthetic Rubber Market 2025

Synthetic Rubber Market Size in Europe

After two years of decline, the Europe synthetic rubber market increased by 19% to $X in 2021. In general, consumption, however, showed a pronounced contraction. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Synthetic Rubber Production in Europe

In value terms, synthetic rubber production skyrocketed to $X in 2021 estimated in export price. In general, production, however, saw a perceptible descent. The level of production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Synthetic Rubber Exports

Exports in Europe

In 2021, the amount of synthetic rubber exported in Europe rose notably to X tons, growing by 13% on 2020 figures. The total export volume increased at an average annual rate of +2.1% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, synthetic rubber exports soared to $X in 2021. In general, exports, however, recorded a noticeable decrease. 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

Russia (X tons) and Germany (X tons) were the major exporters of synthetic rubber in 2021, amounting to near 25% and 20% of total exports, respectively. Belgium (X tons) ranks next in terms of the total exports with a 13% share, followed by France (8.6%), the Netherlands (8.1%), Poland (7.8%) and the Czech Republic (4.7%).

From 2012 to 2021, the biggest increases were recorded for the Netherlands (with a CAGR of +8.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X), Germany ($X) and Belgium ($X) appeared to be the countries with the highest levels of exports in 2021, with a combined 56% share of total exports. These countries were followed by France, the Netherlands, Poland and the Czech Republic, which together accounted for a further 31%.

Among the main exporting countries, the Netherlands, with a CAGR of +7.5%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2021, the export price in Europe amounted to $X per ton, growing by 33% against the previous year. Overall, the export price, however, saw a noticeable setback. The level of export peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2021, major exporting countries recorded the following prices: in France ($X per ton) and Belgium ($X per ton), while Russia ($X per ton) and Poland ($X per ton) were amongst the lowest.

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

Synthetic Rubber Imports

Imports in Europe

In 2021, purchases abroad of synthetic 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 import volume increased at an average annual rate of +1.4% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, synthetic rubber imports soared to $X in 2021. Over the period under review, imports, however, saw a pronounced curtailment. The level of import peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Germany (X tons), Belgium (X tons), Italy (X tons), Poland (X tons), France (X tons), Spain (X tons), the Netherlands (X tons), the Czech Republic (X tons), Hungary (X tons), Romania (X tons), the UK (X tons) and Russia (X tons) was the major importer of synthetic rubber in Europe, comprising 82% of total import.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Romania (with a CAGR of +6.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest synthetic rubber importing markets in Europe were Germany ($X), Belgium ($X) and Italy ($X), with a combined 39% share of total imports. Poland, France, Spain, the Netherlands, the Czech Republic, Hungary, Romania, the UK and Russia lagged somewhat behind, together accounting for a further 45%.

Romania, with a CAGR of +1.5%, saw the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

In 2021, the import price in Europe amounted to $X per ton, increasing by 26% against the previous year. Over the period under review, the import price, however, saw a perceptible downturn. The level of import 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 importing countries. In 2021, major importing countries recorded the following prices: in Germany ($X per ton) and the UK ($X per ton), while Spain ($X per ton) and Poland ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (-2.4%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform