Netherlands: Synthetic Latex Rubber Market 2024

Synthetic Latex Rubber Market Size in the Netherlands

The Dutch synthetic latex rubber market was estimated at $X in 2021, with an increase of 7.2% against the previous year. Overall, consumption, however, recorded a moderate expansion. Over the period under review, the market attained the maximum level at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Synthetic Latex Rubber Production in the Netherlands

In value terms, synthetic latex rubber production totaled $X in 2021 estimated in export price. Overall, production continues to indicate a prominent expansion. The growth pace was the most rapid in 2017 when the production volume increased by 127% against the previous year. As a result, production reached the peak level of $X. From 2018 to 2021, production growth failed to regain momentum.

Synthetic Latex Rubber Exports

Exports from the Netherlands

In 2021, approx. X tons of synthetic latex rubber were exported from the Netherlands; growing by 13% on the year before. In general, total exports indicated a moderate increase from 2012 to 2021: its volume increased at an average annual rate of +4.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by +0.5% against 2017 indices. The pace of growth appeared the most rapid in 2017 with an increase of 51% against the previous year. The exports peaked in 2021 and are likely to continue growth in the immediate term.

In value terms, synthetic latex rubber exports skyrocketed to $X in 2021. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when exports increased by 98%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Turkey (X tons), Belgium (X tons) and Spain (X tons) were the main destinations of synthetic latex rubber exports from the Netherlands, together comprising 51% of total exports.

From 2012 to 2021, the biggest increases were recorded for Turkey (with a CAGR of +108.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X), Belgium ($X) and Germany ($X) constituted the largest markets for synthetic latex rubber exported from the Netherlands worldwide, with a combined 49% share of total exports.

Turkey, with a CAGR of +95.4%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2021, the average synthetic latex rubber export price amounted to $X per ton, picking up by 31% against the previous year. Over the period under review, the export price, however, showed a perceptible slump. The most prominent rate of growth was recorded in 2017 an increase of 31%. 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 remained at a lower figure.

Average prices varied somewhat for the major overseas markets. In 2021, amid the top suppliers, the highest price was recorded for prices to the UK ($X per ton) and France ($X per ton), while the average price for exports to Spain ($X per ton) and Denmark ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to France (-0.6%), while the prices for the other major destinations experienced a decline.

Synthetic Latex Rubber Imports

Imports into the Netherlands

In 2021, overseas purchases of synthetic latex rubber were finally on the rise to reach X tons for the first time since 2016, thus ending a four-year declining trend. Overall, imports, however, recorded a slight descent. The most prominent rate of growth was recorded in 2016 when imports increased by 16%. Imports peaked at X tons in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, synthetic latex rubber imports skyrocketed to $X in 2021. Over the period under review, imports, however, saw a noticeable decline. Imports peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Germany (X tons) constituted the largest synthetic latex rubber supplier to the Netherlands, accounting for a 64% share of total imports. Moreover, synthetic latex rubber imports from Germany exceeded the figures recorded by the second-largest supplier, Belgium (X tons), twofold. The third position in this ranking was held by Japan (X tons), with a 2.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (-4.2% per year) and Japan (+20.9% per year).

In value terms, Germany ($X) constituted the largest supplier of synthetic latex rubber to the Netherlands, comprising 66% of total imports. The second position in the ranking was held by Belgium ($X), with a 21% share of total imports. It was followed by Japan, with a 9.2% share.

From 2012 to 2021, the average annual growth rate of value from Germany totaled -1.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (-8.1% per year) and Japan (+13.8% per year).

Import Prices by Country

In 2021, the average synthetic latex rubber import price amounted to $X per ton, with an increase of 25% against the previous year. Over the period under review, the import price, however, saw a noticeable downturn. The pace of growth was the most pronounced in 2017 when the average import price increased by 28% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

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 Japan ($X per ton), while the price for Sweden ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+0.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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