Norway: Market for Synthetic Rubber (Excluding Latex) 2025

Market Size for Synthetic Rubber (Excluding Latex) in Norway

The Norwegian synthetic rubber (excluding latex) market totaled $X in 2021, with an increase of 8.2% 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). Over the period under review, the total consumption indicated a mild expansion from 2012 to 2021: its value increased at an average annual rate of +1.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -10.1% against 2019 indices. As a result, consumption attained the peak level of $X. From 2015 to 2021, the growth of the market remained at a somewhat lower figure.

Exports of Synthetic Rubber (Excluding Latex)

Exports from Norway

In 2021, exports of synthetic rubber (excluding latex) from Norway surged to X tons, picking up by 277% against the year before. Overall, exports posted buoyant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, synthetic rubber (excluding latex) exports skyrocketed to $X in 2021. In general, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of 128%. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Sweden (X tons), the Netherlands (X tons) and France (X tons) were the main destinations of synthetic rubber (excluding latex) exports from Norway.

From 2012 to 2021, the biggest increases were recorded for China (with a CAGR of +120.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Sweden ($X), the Netherlands ($X) and China ($X) appeared to be the largest markets for synthetic rubber (excluding latex) exported from Norway worldwide, together comprising 64% of total exports.

Among the main countries of destination, China, with a CAGR of +117.6%, 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 synthetic rubber (excluding latex) export price stood at $X per ton in 2021, dropping by -41.4% against the previous year. In general, the export price showed a abrupt setback. The growth pace was the most rapid in 2014 an increase of 57% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2015 to 2021, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to the Netherlands ($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 Canada (+9.5%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Synthetic Rubber (Excluding Latex)

Imports into Norway

In 2021, approx. X tons of synthetic rubber (excluding latex) were imported into Norway; growing by 2.6% compared with the previous year. In general, total imports indicated moderate growth from 2012 to 2021: its volume increased at an average annual rate of +4.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -12.6% against 2019 indices. The pace of growth appeared the most rapid in 2014 when imports increased by 46%. Imports peaked at X tons in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, synthetic rubber (excluding latex) imports amounted to $X in 2021. Overall, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when imports increased by 33% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2021, the growth of imports failed to regain momentum.

Imports by Country

Germany (X tons), the Czech Republic (X tons) and South Korea (X tons) were the main suppliers of synthetic rubber (excluding latex) imports to Norway, with a combined 49% share of total imports. These countries were followed by Spain, Poland, the Netherlands, Russia, Belgium, Sweden, China, the United States, Japan and the UK, which together accounted for a further 51%.

From 2012 to 2021, the biggest increases were recorded for Russia (with a CAGR of +241.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of synthetic rubber (excluding latex) to Norway, comprising 23% of total imports. The second position in the ranking was taken by the Netherlands ($X), with an 8.3% share of total imports. It was followed by Spain, with an 8.1% share.

From 2012 to 2021, the average annual growth rate of value from Germany stood at +4.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (-6.8% per year) and Spain (-10.2% per year).

Import Prices by Country

The average synthetic rubber (excluding latex) import price stood at $X per ton in 2021, increasing by 12% against the previous year. Over the period under review, the import price, however, continues to indicate a noticeable shrinkage. The pace of growth appeared the most rapid in 2018 when the average import price increased by 12%. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($X per ton), while the price for the Czech Republic ($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 (+0.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform