Luxembourg: Market for Isoprene Rubber (IR) in Primary Forms 2024

Market Size for Isoprene Rubber (IR) in Primary Forms in Luxembourg

The Luxembourg market for isoprene rubber (IR) in primary forms rose sharply to $X in 2021, growing by 12% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, saw a perceptible reduction. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market remained at a somewhat lower figure.

Exports of Isoprene Rubber (IR) in Primary Forms

Exports from Luxembourg

For the fourth consecutive year, Luxembourg recorded decline in overseas shipments of isoprene rubber (IR) in primary forms, which decreased by -51.9% to X tons in 2021. In general, exports continue to indicate a abrupt slump. The pace of growth was the most pronounced in 2017 when exports increased by 824%. As a result, the exports attained the peak of X tons. From 2018 to 2021, the growth of the exports of remained at a lower figure.

In value terms, exports of isoprene rubber (IR) in primary forms dropped sharply to $X in 2021. Over the period under review, exports showed a perceptible contraction. The pace of growth was the most pronounced in 2017 with an increase of 458% against the previous year. Over the period under review, the exports of hit record highs at $X in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

Exports by Country

Germany (X tons), Poland (X tons) and France (X tons) were the main destinations of exports of isoprene rubber (IR) in primary forms from Luxembourg, together accounting for 95% of total exports.

From 2012 to 2021, the biggest increases were recorded for Poland (with a CAGR of +9.5%), while shipments for the other leaders experienced a decline.

In value terms, Poland ($X), Germany ($X) and France ($X) constituted the largest markets for isoprene rubber (IR) in primary form exported from Luxembourg worldwide, with a combined 88% share of total exports.

In terms of the main countries of destination, Poland, with a CAGR of +11.6%, 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 a decline.

Export Prices by Country

The average export price for isoprene rubber (IR) in primary forms stood at $X per ton in 2021, surging by 4.1% against the previous year. In general, export price indicated moderate growth from 2012 to 2021: its price increased at an average annual rate of +3.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, export price for isoprene rubber (IR) in primary forms increased by +133.5% against 2017 indices. The pace of growth appeared the most rapid in 2020 when the average export price increased by 67% against the previous year. Over the period under review, the average export prices attained the maximum in 2021 and is likely to see steady growth in years to come.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was France ($X per ton), while the average price for exports to Turkey ($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 France (+14.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Isoprene Rubber (IR) in Primary Forms

Imports into Luxembourg

In 2021, supplies from abroad of isoprene rubber (IR) in primary forms was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Overall, total imports indicated modest growth from 2012 to 2021: its volume increased at an average annual rate of +1.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -31.0% against 2018 indices. The pace of growth appeared the most rapid in 2013 with an increase of 47% against the previous year. Over the period under review, imports of hit record highs at X tons in 2015; however, from 2016 to 2021, imports remained at a lower figure.

In value terms, imports of isoprene rubber (IR) in primary forms soared to $X in 2021. Over the period under review, imports, however, saw a drastic downturn. Imports peaked at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Poland (X tons) constituted the largest isoprene rubber (IR) in primary form supplier to Luxembourg, accounting for a 79% share of total imports. Moreover, imports of isoprene rubber (IR) in primary forms from Poland exceeded the figures recorded by the second-largest supplier, France (X tons), sixfold. Belgium (X tons) ranked third in terms of total imports with a 5.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Poland amounted to +21.9%. The remaining supplying countries recorded the following average annual rates of imports growth: France (-4.2% per year) and Belgium (-2.8% per year).

In value terms, Poland ($X) constituted the largest supplier of isoprene rubber (IR) in primary forms to Luxembourg, comprising 70% of total imports. The second position in the ranking was held by France ($X), with a 19% share of total imports. It was followed by Belgium, with an 8.8% share.

From 2012 to 2021, the average annual growth rate of value from Poland stood at +10.3%. The remaining supplying countries recorded the following average annual rates of imports growth: France (-8.9% per year) and Belgium (-3.7% per year).

Import Prices by Country

In 2021, the average import price for isoprene rubber (IR) in primary forms amounted to $X per ton, growing by 13% against the previous year. Overall, the import price, however, saw a abrupt decline. The growth pace was the most rapid in 2017 when the average import price increased by 19%. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was Japan ($X per ton), while the price for the United States ($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 (+16.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform