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

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

The Romanian market for isoprene rubber (IR) in primary forms soared to $X in 2021, picking up by 31% 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). Overall, the total consumption indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +5.4% 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 increased by +30.0% against 2017 indices. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Exports of Isoprene Rubber (IR) in Primary Forms

Exports from Romania

In 2021, exports of isoprene rubber (ir) in primary forms from Romania soared to X tons, increasing by 27% on the year before. In general, exports, however, continue to indicate a abrupt descent. The pace of growth was the most pronounced in 2014 with an increase of 1,004% against the previous year. Over the period under review, the exports of attained the peak figure at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, exports of isoprene rubber (IR) in primary forms skyrocketed to $X in 2021. Over the period under review, exports, however, continue to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2014 when exports increased by 734%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Turkey (X tons), the UK (X tons) and Slovakia (X tons) were the main destinations of exports of isoprene rubber (IR) in primary forms from Romania, with a combined 81% share of total exports.

From 2012 to 2021, the biggest increases were recorded for the UK (with a CAGR of +56.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X), the UK ($X) and Germany ($X) constituted the largest markets for isoprene rubber (IR) in primary form exported from Romania worldwide, with a combined 78% share of total exports.

In terms of the main countries of destination, the UK, with a CAGR of +59.6%, saw the highest growth rate of 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 export price for isoprene rubber (IR) in primary forms stood at $X per ton in 2021, surging by 28% against the previous year. Overall, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the average export price increased by 37% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

Average prices varied somewhat for the major external markets. In 2021, the countries with the highest prices were France ($X per ton) and Germany ($X per ton), while the average price for exports to Turkey ($X per ton) and the Czech Republic ($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 (+54.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Isoprene Rubber (IR) in Primary Forms

Imports into Romania

In 2021, imports of isoprene rubber (IR) in primary forms into Romania surged to X tons, with an increase of 24% against 2020 figures. In general, total imports indicated a buoyant expansion from 2012 to 2021: its volume increased at an average annual rate of +10.0% 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 increased by +136.2% against 2012 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of isoprene rubber (IR) in primary forms skyrocketed to $X in 2021. Over the period under review, total imports indicated a perceptible expansion from 2012 to 2021: its value increased at an average annual rate of +2.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +30.7% against 2017 indices. The most prominent rate of growth was recorded in 2017 when imports increased by 43% against the previous year. Imports peaked in 2021 and are expected to retain growth in years to come.

Imports by Country

In 2021, Russia (X tons) was the main isoprene rubber (IR) in primary form supplier to Romania, with a approx. 98% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from Russia stood at +11.0%.

In value terms, Russia ($X) constituted the largest supplier of isoprene rubber (IR) in primary forms to Romania.

From 2012 to 2021, the average annual growth rate of value from Russia totaled +2.8%.

Import Prices by Country

The average import price for isoprene rubber (IR) in primary forms stood at $X per ton in 2021, with an increase of 11% against the previous year. Over the period under review, the import price, however, recorded a abrupt downturn. The most prominent rate of growth was recorded in 2017 an increase of 28% 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 stood at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for Russia.

From 2012 to 2021, the rate of growth in terms of prices for Russia amounted to -7.4% per year.

Source: IndexBox Platform