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

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

In 2021, the Polish market for isoprene rubber (IR) in primary forms was finally on the rise to reach $X after two years of decline. Overall, consumption showed a abrupt slump. As a result, consumption reached the peak level of $X. From 2019 to 2021, the growth of the market failed to regain momentum.

Exports of Isoprene Rubber (IR) in Primary Forms

Exports from Poland

In 2021, approx. X tons of isoprene rubber (IR) in primary forms were exported from Poland; with an increase of 9% compared with 2020. Overall, exports, however, saw a slight reduction. The pace of growth was the most pronounced in 2019 with an increase of 299% against the previous year. Over the period under review, the exports of hit record highs at X tons in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

In value terms, exports of isoprene rubber (IR) in primary forms soared to $X in 2021. Over the period under review, exports, however, showed a abrupt decrease. The most prominent rate of growth was recorded in 2019 when exports increased by 228% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Germany (X tons), Luxembourg (X tons) and Slovenia (X tons) were the main destinations of exports of isoprene rubber (IR) in primary forms from Poland, together accounting for 75% of total exports. These countries were followed by Italy, the Czech Republic, Switzerland, France and the UK, which together accounted for a further 19%.

From 2012 to 2021, the biggest increases were recorded for Italy (with a CAGR of +31.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the key foreign market for isoprene rubber (IR) in primary forms exports from Poland, comprising 36% of total exports. The second position in the ranking was held by Luxembourg ($X), with an 18% share of total exports. It was followed by Slovenia, with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Germany amounted to -10.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Luxembourg (-7.8% per year) and Slovenia (-2.5% per year).

Export Prices by Country

In 2021, the average export price for isoprene rubber (IR) in primary forms amounted to $X per ton, picking up by 9.1% against the previous year. Over the period under review, the export price, however, saw a deep slump. The growth pace was the most rapid in 2017 when the average export price increased by 34%. The export price peaked 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 foreign markets. In 2021, the country with the highest price was the UK ($X per ton), while the average price for exports to Luxembourg ($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 UK (+11.1%), while the prices for the other major destinations experienced a decline.

Imports of Isoprene Rubber (IR) in Primary Forms

Imports into Poland

In 2021, after four years of decline, there was growth in purchases abroad of isoprene rubber (IR) in primary forms, when their volume increased by 3.3% to X tons. Overall, imports, however, recorded a mild curtailment. The most prominent rate of growth was recorded in 2015 with an increase of 11% against the previous year. Imports peaked at X tons in 2016; however, from 2017 to 2021, imports remained at a lower figure.

In value terms, imports of isoprene rubber (IR) in primary forms totaled $X in 2021. Over the period under review, imports, however, showed a deep setback. The most prominent rate of growth was recorded in 2017 when imports increased by 31%. Imports peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Russia (X tons) was the main supplier of isoprene rubber (IR) in primary form to Poland, with a 94% share of total imports. It was followed by Germany (X tons), with a 3% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from Russia totaled -1.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+13.0% per year) and France (+13.8% per year).

In value terms, Russia ($X) constituted the largest supplier of isoprene rubber (IR) in primary forms to Poland, comprising 94% of total imports. The second position in the ranking was held by France ($X), with a 1.7% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from Russia totaled -8.7%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+3.9% per year) and Germany (+0.1% per year).

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 10% against the previous year. Over the period under review, the import price, however, showed a deep reduction. The most prominent rate of growth was recorded in 2017 when the average import price increased by 33%. 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.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Russia (-7.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform