Netherlands: Market for Synthetic Rubber (Excluding Latex) 2024

Market Size for Synthetic Rubber (Excluding Latex) in the Netherlands

For the fourth consecutive year, the Dutch synthetic rubber (excluding latex) market recorded decline in sales value, which decreased by -26.3% to $X in 2021. Overall, consumption showed a abrupt decline. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Production of Synthetic Rubber (Excluding Latex) in the Netherlands

In value terms, synthetic rubber (excluding latex) production reduced to $X in 2021 estimated in export price. Overall, the total production indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +5.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +56.2% against 2012 indices. The pace of growth was the most pronounced in 2016 with an increase of 14% against the previous year. Synthetic rubber (excluding latex) production peaked at $X in 2020, and then reduced modestly in the following year.

Exports of Synthetic Rubber (Excluding Latex)

Exports from the Netherlands

In 2021, shipments abroad of synthetic rubber (excluding latex) increased by 40% to X tons, rising for the fourth year in a row after three years of decline. Over the period under review, exports continue to indicate a resilient expansion. The pace of growth appeared the most rapid in 2013 with an increase of 165%. The exports peaked in 2021 and are likely to continue growth in years to come.

In value terms, synthetic rubber (excluding latex) exports surged to $X in 2021. In general, exports continue to indicate buoyant growth. The most prominent rate of growth was recorded in 2013 with an increase of 134%. Over the period under review, the exports hit record highs in 2021 and are likely to continue growth in the immediate term.

Exports by Country

Germany (X tons) was the main destination for synthetic rubber (excluding latex) exports from the Netherlands, accounting for a 15% share of total exports. Moreover, synthetic rubber (excluding latex) exports to Germany exceeded the volume sent to the second major destination, France (X tons), threefold. Italy (X tons) ranked third in terms of total exports with a 3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Germany amounted to +2.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+6.3% per year) and Italy (-1.3% per year).

In value terms, Germany ($X) remains the key foreign market for synthetic rubber (excluding latex) exports from the Netherlands, comprising 18% of total exports. The second position in the ranking was held by France ($X), with a 6% share of total exports. It was followed by Italy, with a 4.7% share.

From 2012 to 2021, the average annual growth rate of value to Germany stood at +3.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+6.4% per year) and Italy (+1.2% per year).

Export Prices by Country

In 2021, the average synthetic rubber (excluding latex) export price amounted to $X per ton, picking up by 17% against the previous year. In general, the export price, however, saw a perceptible reduction. Over the period under review, the average export prices reached the peak figure 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 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 the United States (+6.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Synthetic Rubber (Excluding Latex)

Imports into the Netherlands

In 2021, overseas purchases of synthetic rubber (excluding latex) were finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. The total import volume increased at an average annual rate of +1.8% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2018 with an increase of 15% against the previous year. As a result, imports attained the peak of X tons. From 2019 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, synthetic rubber (excluding latex) imports surged to $X in 2021. Over the period under review, imports, however, saw a mild contraction. Imports peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

France (X tons), Belgium (X tons) and Japan (X tons) were the main suppliers of synthetic rubber (excluding latex) imports to the Netherlands, with a combined 43% share of total imports. These countries were followed by Germany, the UK, Taiwan (Chinese), the United States, South Korea, China, the Czech Republic, Italy and Brazil, which together accounted for a further 48%.

From 2012 to 2021, the biggest increases were recorded for Taiwan (Chinese) (with a CAGR of +22.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X), the United States ($X) and Japan ($X) constituted the largest synthetic rubber (excluding latex) suppliers to the Netherlands, with a combined 43% share of total imports. These countries were followed by France, Germany, the UK, Taiwan (Chinese), China, South Korea, Italy, Brazil and the Czech Republic, which together accounted for a further 49%.

In terms of the main suppliers, Taiwan (Chinese), with a CAGR of +17.2%, 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

The average synthetic rubber (excluding latex) import price stood at $X per ton in 2021, increasing by 27% against the previous year. Over the period under review, the import price, however, saw a perceptible decline. Over the period under review, average import prices hit record highs 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 the United States ($X per ton), while the price for France ($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 (-1.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform