Germany: Market for Synthetic Rubber (Excluding Latex) 2024

Market Size for Synthetic Rubber (Excluding Latex) in Germany

The German synthetic rubber (excluding latex) market was finally on the rise to reach $X in 2021, after three years of decline. Over the period under review, consumption, however, saw a noticeable downturn. 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 Germany

In value terms, synthetic rubber (excluding latex) production soared to $X in 2021 estimated in export price. In general, production, however, saw a noticeable curtailment. Synthetic rubber (excluding latex) production peaked at $X in 2014; however, from 2015 to 2021, production remained at a lower figure.

Exports of Synthetic Rubber (Excluding Latex)

Exports from Germany

After four years of decline, overseas shipments of synthetic rubber (excluding latex) increased by 11% to X tons in 2021. The total export volume increased at an average annual rate of +1.0% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The exports peaked at X tons in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

In value terms, synthetic rubber (excluding latex) exports skyrocketed to $X in 2021. Overall, exports, however, recorded a noticeable decline. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

The United States (X tons), China (X tons) and Poland (X tons) were the main destinations of synthetic rubber (excluding latex) exports from Germany, together comprising 28% of total exports. These countries were followed by France, Belgium, the Czech Republic, Hungary, Romania, Portugal, Brazil, South Korea, Russia and Turkey, which together accounted for a further 39%.

From 2012 to 2021, the biggest increases were recorded for Portugal (with a CAGR of +16.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for synthetic rubber (excluding latex) exported from Germany were the United States ($X), China ($X) and Belgium ($X), together accounting for 28% of total exports. These countries were followed by Poland, France, the Czech Republic, Romania, Hungary, Russia, Portugal, Turkey, South Korea and Brazil, which together accounted for a further 38%.

In terms of the main countries of destination, Portugal, with a CAGR of +10.3%, saw the highest rates of growth with regard to 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 (excluding latex) export price amounted to $X per ton, jumping by 29% 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 stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Belgium ($X per ton), while the average price for exports to Brazil ($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 Belgium (-1.4%), while the prices for the other major destinations experienced a decline.

Imports of Synthetic Rubber (Excluding Latex)

Imports into Germany

In 2021, overseas purchases of synthetic rubber (excluding latex) were finally on the rise to reach X tons after three years of decline. Overall, imports continue to indicate a relatively flat trend pattern. Over the period under review, imports attained the maximum at X tons in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

In value terms, synthetic rubber (excluding latex) imports soared to $X in 2021. Over the period under review, imports, however, continue to indicate a noticeable reduction. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Belgium (X tons), the Netherlands (X tons) and Poland (X tons) were the main suppliers of synthetic rubber (excluding latex) imports to Germany, with a combined 42% share of total imports. These countries were followed by France, Russia, South Korea, Japan, Italy, Spain, the United States, Luxembourg, Indonesia and Malta, which together accounted for a further 44%.

From 2012 to 2021, the biggest increases were recorded for Malta (with a CAGR of +2,024.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest synthetic rubber (excluding latex) suppliers to Germany were Belgium ($X), the Netherlands ($X) and France ($X), with a combined 44% share of total imports. These countries were followed by Japan, Poland, Italy, South Korea, Russia, the United States, Spain, Luxembourg, Indonesia and Malta, which together accounted for a further 42%.

Malta, with a CAGR of +2,273.8%, saw 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 (excluding latex) import price amounted to $X per ton, increasing by 24% against the previous year. In general, the import price, however, showed a perceptible contraction. Over the period under review, average import prices attained the peak figure 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 origin: amid the top importers, the country with the highest price was Japan ($X per ton), while the price for Malta ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malta (+11.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform