Poland: Synthetic Latex Rubber Market 2024

Synthetic Latex Rubber Market Size in Poland

In 2021, the Polish synthetic latex rubber market was finally on the rise to reach $X after two years of decline. Overall, consumption continues to indicate resilient growth. Over the period under review, the market reached the maximum level in 2021 and is expected to retain growth in years to come.

Synthetic Latex Rubber Production in Poland

In value terms, synthetic latex rubber production surged to $X in 2021 estimated in export price. Overall, production enjoyed strong growth. The pace of growth was the most pronounced in 2017 when the production volume increased by 128%. Over the period under review, production attained the maximum level in 2021 and is expected to retain growth in the near future.

Synthetic Latex Rubber Exports

Exports from Poland

In 2021, overseas shipments of synthetic latex rubber increased by 13% to X tons, rising for the second consecutive year after two years of decline. Overall, exports posted a remarkable increase. The most prominent rate of growth was recorded in 2016 when exports increased by 98% against the previous year. The exports peaked in 2021 and are likely to see gradual growth in the immediate term.

In value terms, synthetic latex rubber exports skyrocketed to $X in 2021. Over the period under review, exports posted noticeable growth. The growth pace was the most rapid in 2017 when exports increased by 143%. Over the period under review, the exports reached the peak figure in 2021 and are expected to retain growth in years to come.

Exports by Country

Hong Kong SAR (X tons), the Czech Republic (X tons) and Bulgaria (X tons) were the main destinations of synthetic latex rubber exports from Poland, with a combined 57% share of total exports. These countries were followed by Belgium, Ukraine, Greece, Spain, Germany, Russia, India, Turkey, France and the UK, which together accounted for a further 38%.

From 2012 to 2021, the biggest increases were recorded for India (with a CAGR of +74.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Hong Kong SAR ($X), the Czech Republic ($X) and Bulgaria ($X) appeared to be the largest markets for synthetic latex rubber exported from Poland worldwide, together comprising 55% of total exports. These countries were followed by Belgium, Russia, Spain, Ukraine, Greece, Germany, Turkey, India, France and the UK, which together accounted for a further 38%.

India, with a CAGR of +71.4%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average synthetic latex rubber export price stood at $X per ton in 2021, with an increase of 44% against the previous year. Overall, the export price, however, continues to indicate a deep setback. 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 failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Russia ($X per ton), while the average price for exports to Ukraine ($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 Hong Kong SAR (+0.5%), while the prices for the other major destinations experienced a decline.

Synthetic Latex Rubber Imports

Imports into Poland

In 2021, approx. X tons of synthetic latex rubber were imported into Poland; growing by 6.3% on 2020. Overall, imports posted a resilient expansion. The most prominent rate of growth was recorded in 2013 when imports increased by 42% against the previous year. Imports peaked in 2021 and are likely to see gradual growth in the near future.

In value terms, synthetic latex rubber imports skyrocketed to $X in 2021. In general, total imports indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +9.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 with an increase of 34% against the previous year. Imports peaked in 2021 and are expected to retain growth in the near future.

Imports by Country

In 2021, Germany (X tons) constituted the largest synthetic latex rubber supplier to Poland, with a 62% share of total imports. Moreover, synthetic latex rubber imports from Germany exceeded the figures recorded by the second-largest supplier, Italy (X tons), fivefold. Belgium (X tons) ranked third in terms of total imports with an 11% share.

From 2012 to 2021, the average annual growth rate of volume from Germany totaled +11.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+18.3% per year) and Belgium (+31.5% per year).

In value terms, Germany ($X) constituted the largest supplier of synthetic latex rubber to Poland, comprising 58% of total imports. The second position in the ranking was taken by Belgium ($X), with a 14% share of total imports. It was followed by Italy, with a 9.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany stood at +10.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+27.5% per year) and Italy (+13.9% per year).

Import Prices by Country

The average synthetic latex rubber import price stood at $X per ton in 2021, jumping by 17% against the previous year. In general, the import price, however, showed a perceptible shrinkage. The growth pace was the most rapid in 2017 an increase of 20% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for Austria ($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 Netherlands (+3.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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