Germany: Synthetic Latex Rubber Market 2024

Synthetic Latex Rubber Market Size in Germany

The German synthetic latex rubber market expanded rapidly to $X in 2021, rising by 14% against the previous year. Overall, consumption recorded a relatively flat trend pattern. Synthetic latex rubber consumption peaked at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Synthetic Latex Rubber Production in Germany

In value terms, synthetic latex rubber production soared to $X in 2021 estimated in export price. Over the period under review, production saw a noticeable contraction. Synthetic latex rubber production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Synthetic Latex Rubber Exports

Exports from Germany

In 2021, overseas shipments of synthetic latex rubber were finally on the rise to reach X tons after two years of decline. In general, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 12%. As a result, the exports reached the peak of X tons. From 2019 to 2021, the growth of the exports remained at a lower figure.

In value terms, synthetic latex rubber exports soared to $X in 2021. Over the period under review, exports, however, recorded a mild reduction. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Belgium (X tons), Italy (X tons) and China (X tons) were the main destinations of synthetic latex rubber exports from Germany, together accounting for 30% of total exports. The Netherlands, France, the Czech Republic, Spain, the UK, the United States, Austria, Switzerland, Poland and Turkey lagged somewhat behind, together accounting for a further 47%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Turkey (with a CAGR of +10.8%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for synthetic latex rubber exported from Germany were China ($X), Belgium ($X) and Italy ($X), together accounting for 29% of total exports.

In terms of the main countries of destination, China, with a CAGR of +9.5%, recorded 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 latex rubber export price amounted to $X per ton, increasing by 38% against the previous year. Over the period under review, the export price, however, continues to indicate a perceptible downturn. The export price peaked 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 the United States ($X per ton), while the average price for exports to Austria ($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 China (-0.7%), while the prices for the other major destinations experienced a decline.

Synthetic Latex Rubber Imports

Imports into Germany

In 2021, synthetic latex rubber imports into Germany skyrocketed to X tons, growing by 62% on the previous year's figure. Overall, total imports indicated a noticeable expansion from 2012 to 2021: its volume increased at an average annual rate of +4.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +62.6% against 2018 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, synthetic latex rubber imports skyrocketed to $X in 2021. Over the period under review, total imports indicated a noticeable increase from 2012 to 2021: its value increased at an average annual rate of +2.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The Netherlands (X tons), Finland (X tons) and Spain (X tons) were the main suppliers of synthetic latex rubber imports to Germany, together accounting for 59% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Finland (with a CAGR of +30.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), Finland ($X) and Italy ($X) were the largest synthetic latex rubber suppliers to Germany, together accounting for 51% of total imports.

In terms of the main suppliers, Finland, with a CAGR of +28.3%, recorded the highest growth rate of the value of imports, 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 latex rubber import price amounted to $X per ton, increasing by 21% against the previous year. Over the period under review, the import price, however, showed a slight decrease. Over the period under review, average import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

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 Italy ($X per ton), while the price for Austria ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+0.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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