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

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

The Swedish market for isoprene rubber (IR) in primary forms soared to $X in 2021, picking up by 145% 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). In general, consumption, however, continues to indicate a deep slump. Consumption of peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Exports of Isoprene Rubber (IR) in Primary Forms

Exports from Sweden

In 2021, overseas shipments of isoprene rubber (IR) in primary forms decreased by -0.5% to X tons, falling for the second consecutive year after two years of growth. In general, exports, however, saw a notable increase. The growth pace was the most rapid in 2019 with an increase of 205%. As a result, the exports attained the peak of X tons. From 2020 to 2021, the growth of the exports of failed to regain momentum.

In value terms, exports of isoprene rubber (IR) in primary forms rose notably to $X in 2021. Over the period under review, exports, however, showed a prominent expansion. The most prominent rate of growth was recorded in 2019 with an increase of 366% against the previous year. As a result, the exports attained the peak of $X. From 2020 to 2021, the growth of the exports of failed to regain momentum.

Exports by Country

Finland (X tons) was the main destination for exports of isoprene rubber (IR) in primary forms from Sweden, with a 44% share of total exports. Moreover, exports of isoprene rubber (IR) in primary forms to Finland exceeded the volume sent to the second major destination, the Philippines (X tons), twofold. The third position in this ranking was held by China (X tons), with a 12% share.

From 2012 to 2021, the average annual growth rate of volume to Finland amounted to +20.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Philippines (+9.0% per year) and China (+42.7% per year).

In value terms, Finland ($X) emerged as the key foreign market for isoprene rubber (IR) in primary forms exports from Sweden, comprising 54% of total exports. The second position in the ranking was taken by Norway ($X), with a 26% share of total exports. It was followed by the Philippines, with a 9.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Finland totaled +18.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Norway (+7.5% per year) and the Philippines (+9.3% per year).

Export Prices by Country

In 2021, the average export price for isoprene rubber (IR) in primary forms amounted to $X per ton, growing by 14% against the previous year. In general, export price indicated buoyant growth from 2012 to 2021: its price increased at an average annual rate of +5.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, export price for isoprene rubber (IR) in primary forms increased by +120.4% against 2018 indices. The pace of growth was the most pronounced in 2019 when the average export price increased by 53%. The export price peaked in 2021 and is expected to retain growth in the immediate term.

Prices varied noticeably country of destination: the country with the highest price was Norway ($X per ton), while the average price for exports to China ($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 (+28.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Isoprene Rubber (IR) in Primary Forms

Imports into Sweden

In 2021, the amount of isoprene rubber (IR) in primary forms imported into Sweden skyrocketed to X tons, rising by 88% against 2020. Overall, imports, however, saw a abrupt decline. The pace of growth appeared the most rapid in 2016 when imports increased by 113% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, imports of isoprene rubber (IR) in primary forms surged to $X in 2021. Over the period under review, imports, however, recorded a deep downturn. Imports peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

The UK (X tons), China (X tons) and Germany (X tons) were the main suppliers of imports of isoprene rubber (IR) in primary forms to Sweden, with a combined 82% share of total imports.

From 2012 to 2021, the biggest increases were recorded for China (with a CAGR of +74.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the UK ($X), China ($X) and the Netherlands ($X) were the largest isoprene rubber (IR) in primary form suppliers to Sweden, together accounting for 67% of total imports.

The UK, with a CAGR of +70.9%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

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 17% against the previous year. In general, import price indicated a prominent increase from 2012 to 2021: its price 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, import price for isoprene rubber (IR) in primary forms increased by +29.6% against 2017 indices. The pace of growth was the most pronounced in 2015 when the average import price increased by 74%. As a result, import price reached the peak level of $X per ton. From 2016 to 2021, the average 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 the Netherlands ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+30.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform