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

Market Size for Isoprene Rubber (IR) in Primary Forms in the Netherlands

The Dutch market for isoprene rubber (IR) in primary forms contracted to $X in 2021, which is down by -5.8% against the previous year. Over the period under review, consumption, however, enjoyed a significant expansion. Over the period under review, the market attained the maximum level at $X in 2017; however, from 2018 to 2021, consumption remained at a lower figure.

Production of Isoprene Rubber (IR) in Primary Forms in the Netherlands

In value terms, production of isoprene rubber (IR) in primary forms totaled less than $X in 2021 estimated in export price. Overall, production recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the production volume decreased by 99.9% against the previous year. Production of peaked at $X in 2013; however, from 2014 to 2021, production stood at a somewhat lower figure.

Exports of Isoprene Rubber (IR) in Primary Forms

Exports from the Netherlands

Exports of isoprene rubber (IR) in primary forms from the Netherlands skyrocketed to X tons in 2021, growing by 172% compared with the previous year. Overall, exports continue to indicate resilient growth. The most prominent rate of growth was recorded in 2015 with an increase of 210% against the previous year. The exports peaked in 2021 and are likely to see gradual growth in the near future.

In value terms, exports of isoprene rubber (IR) in primary forms soared to $X in 2021. Over the period under review, exports recorded strong growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Belgium (X tons), Germany (X tons) and Denmark (X tons) were the main destinations of exports of isoprene rubber (IR) in primary forms from the Netherlands, together accounting for 67% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Belgium (with a CAGR of +46.9%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Belgium ($X) and the United States ($X) constituted the largest markets for isoprene rubber (IR) in primary form exported from the Netherlands worldwide, together comprising 54% of total exports.

Among the main countries of destination, Belgium, with a CAGR of +54.8%, recorded 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

The average export price for isoprene rubber (IR) in primary forms stood at $X per ton in 2021, increasing by 5.9% against the previous year. Overall, export price indicated notable growth from 2012 to 2021: its price increased at an average annual rate of +3.2% over the last nine-year period. 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 decreased by -8.5% against 2019 indices. The most prominent rate of growth was recorded in 2019 an increase of 70% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2020 to 2021, the average export prices remained at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Slovenia ($X per ton), while the average price for exports to Belgium ($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 Slovenia (+43.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Isoprene Rubber (IR) in Primary Forms

Imports into the Netherlands

In 2021, approx. X tons of isoprene rubber (IR) in primary forms were imported into the Netherlands; dropping by -8.6% on the previous year. Overall, imports, however, saw a notable expansion. The most prominent rate of growth was recorded in 2015 with an increase of 41%. Over the period under review, imports of hit record highs at X tons in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

In value terms, imports of isoprene rubber (IR) in primary forms contracted to $X in 2021. In general, imports, however, enjoyed strong growth. The pace of growth was the most pronounced in 2017 when imports increased by 81%. Imports peaked at $X in 2020, and then dropped in the following year.

Imports by Country

The United States (X tons), Belgium (X tons) and Japan (X tons) were the main suppliers of imports of isoprene rubber (IR) in primary forms to the Netherlands, with a combined 89% share of total imports. Germany, Taiwan (Chinese) and Malaysia lagged somewhat behind, together accounting for a further 9.8%.

From 2012 to 2021, the biggest increases were recorded for Malaysia (with a CAGR of +99.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Belgium ($X) and Japan ($X) constituted the largest isoprene rubber (IR) in primary form suppliers to the Netherlands, with a combined 84% share of total imports. These countries were followed by Germany, Taiwan (Chinese) and Malaysia, which together accounted for a further 14%.

Malaysia, with a CAGR of +52.6%, saw the highest rates of growth with regard to the value of imports, in terms of 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 import price for isoprene rubber (IR) in primary forms amounted to $X per ton, picking up by 6.4% against the previous year. Over the period under review, the import price showed temperate growth. The growth pace was the most rapid in 2020 an increase of 85% against the previous year. The import price peaked in 2021 and is expected to retain growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+16.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform