France: Synthetic Rubber Market 2024

Synthetic Rubber Market Size in France

In 2021, the French synthetic rubber market was finally on the rise to reach $X for the first time since 2017, thus ending a three-year declining trend. In general, consumption, however, recorded a abrupt downturn. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Synthetic Rubber Production in France

In value terms, synthetic rubber production surged to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a abrupt shrinkage. Synthetic rubber production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Synthetic Rubber Exports

Exports from France

In 2021, shipments abroad of synthetic rubber increased by 39% to X tons for the first time since 2017, thus ending a three-year declining trend. The total export volume increased at an average annual rate of +1.9% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed 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 exports soared to $X in 2021. Overall, exports, however, continue to indicate 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 failed to regain momentum.

Exports by Country

The United States (X tons), Germany (X tons) and Spain (X tons) were the main destinations of synthetic rubber exports from France, together comprising 36% of total exports. The Netherlands, Poland, Italy, China, Belgium, Brazil, Turkey, India, Thailand and South Korea lagged somewhat behind, together comprising a further 46%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Thailand (with a CAGR of +24.3%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for synthetic rubber exported from France were the United States ($X), Germany ($X) and Spain ($X), with a combined 38% share of total exports. Poland, China, the Netherlands, Italy, Belgium, India, Brazil, Turkey, Thailand and South Korea lagged somewhat behind, together accounting for a further 44%.

In terms of the main countries of destination, Thailand, with a CAGR of +16.5%, saw the highest growth rate of the value of exports, 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 export price amounted to $X per ton, with an increase of 39% against the previous year. Overall, the export price, however, continues to indicate a noticeable slump. Over the period under review, the average export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was South Korea ($X per ton), while the average price for exports to the Netherlands ($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 South Korea (-0.5%), while the prices for the other major destinations experienced a decline.

Synthetic Rubber Imports

Imports into France

In 2021, overseas purchases of synthetic rubber were finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Over the period under review, imports, however, continue to indicate a noticeable contraction. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, synthetic rubber imports surged to $X in 2021. Overall, imports, however, showed a deep reduction. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

Germany (X tons), Belgium (X tons) and the Netherlands (X tons) were the main suppliers of synthetic rubber imports to France, together accounting for 58% of total imports. Spain, Italy, the UK, Poland, the Czech Republic, Austria, Indonesia, Russia, the United States and South Korea lagged somewhat behind, together accounting for a further 36%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Indonesia (with a CAGR of +415.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest synthetic rubber suppliers to France were Germany ($X), Belgium ($X) and the Netherlands ($X), together accounting for 57% of total imports. These countries were followed by Spain, Italy, the UK, the United States, Poland, Austria, the Czech Republic, Indonesia, South Korea and Russia, which together accounted for a further 36%.

Indonesia, with a CAGR of +525.4%, recorded the highest rates of growth with regard to 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 import price amounted to $X per ton, with an increase of 19% against the previous year. Overall, the import price, however, showed a pronounced descent. The most prominent rate of growth was recorded in 2017 an increase of 19% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Russia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (-0.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :