France: Market for Synthetic Rubber (Excluding Latex) 2024

Market Size for Synthetic Rubber (Excluding Latex) in France

The French synthetic rubber (excluding latex) market contracted to $X in 2021, dropping by -9.5% against the previous year. Overall, consumption recorded a abrupt slump. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Production of Synthetic Rubber (Excluding Latex) in France

In value terms, synthetic rubber (excluding latex) production expanded remarkably to $X in 2021 estimated in export price. Over the period under review, production, however, saw a abrupt decrease. The growth pace was the most rapid in 2017 with an increase of 24%. Synthetic rubber (excluding latex) production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Exports of Synthetic Rubber (Excluding Latex)

Exports from France

In 2021, shipments abroad of synthetic rubber (excluding latex) was finally on the rise to reach X tons after three years of decline. The total export 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 throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, synthetic rubber (excluding latex) exports surged to $X in 2021. Over the period under review, exports, however, saw a mild decrease. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

The United States (X tons), Spain (X tons) and Germany (X tons) were the main destinations of synthetic rubber (excluding latex) exports from France, with a combined 36% share of total exports. These countries were followed by the Netherlands, Poland, China, Italy, Belgium, Brazil, Turkey, India, Thailand and South Korea, which together accounted for a further 48%.

From 2012 to 2021, the biggest increases were recorded for Thailand (with a CAGR of +29.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Germany ($X) and Spain ($X) were the largest markets for synthetic rubber (excluding latex) exported from France worldwide, together comprising 38% of total exports. These countries were followed by Poland, the Netherlands, China, Italy, Belgium, India, Brazil, Turkey, Thailand and South Korea, which together accounted for a further 44%.

Thailand, with a CAGR of +22.4%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average synthetic rubber (excluding latex) export price amounted to $X per ton, surging by 39% against the previous year. In general, the export price, however, recorded a perceptible setback. Over the period under review, the average export prices reached the maximum 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 destination: amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to South Korea ($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 Germany (-0.8%), while the prices for the other major destinations experienced a decline.

Imports of Synthetic Rubber (Excluding Latex)

Imports into France

In 2021, overseas purchases of synthetic rubber (excluding latex) increased by 12% to X tons for the first time since 2018, thus ending a two-year declining trend. Overall, imports, however, continue to indicate a slight curtailment. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, synthetic rubber (excluding latex) imports skyrocketed to $X in 2021. Over the period under review, imports, however, saw a perceptible reduction. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

Belgium (X tons), Germany (X tons) and the Netherlands (X tons) were the main suppliers of synthetic rubber (excluding latex) imports to France, together accounting for 47% of total imports. Spain, Italy, the UK, Poland, the Czech Republic, Austria, Indonesia, Russia, the United States and Japan lagged somewhat behind, together comprising a further 43%.

From 2012 to 2021, the biggest increases were recorded for Indonesia (with a CAGR of +415.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest synthetic rubber (excluding latex) suppliers to France were Belgium ($X), Germany ($X) and the Netherlands ($X), together comprising 53% of total imports. These countries were followed by Spain, Italy, the UK, the United States, Poland, Austria, the Czech Republic, Indonesia, Japan and Russia, which together accounted for a further 38%.

Indonesia, with a CAGR of +525.4%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average synthetic rubber (excluding latex) import price amounted to $X per ton, picking up by 19% against the previous year. In general, the import price, however, showed a noticeable slump. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Japan ($X per ton), while the price for Russia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (-1.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform