Sweden: Synthetic Latex Rubber Market 2024

Synthetic Latex Rubber Market Size in Sweden

In 2021, the Swedish synthetic latex rubber market decreased by -19.8% to $X, falling for the second consecutive year after two years of growth. Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Synthetic Latex Rubber Production in Sweden

In value terms, synthetic latex rubber production amounted to $X in 2021 estimated in export price. Overall, production continues to indicate a significant expansion. The pace of growth was the most pronounced in 2016 when the production volume increased by 731% against the previous year. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Synthetic Latex Rubber Exports

Exports from Sweden

Synthetic latex rubber exports from Sweden skyrocketed to X tons in 2021, increasing by 323% on 2020 figures. In general, exports saw a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, synthetic latex rubber exports soared to $X in 2021. Overall, exports posted significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Finland (X tons) was the main destination for synthetic latex rubber exports from Sweden, with a 45% share of total exports. Moreover, synthetic latex rubber exports to Finland exceeded the volume sent to the second major destination, the Netherlands (X tons), twofold. Norway (X tons) ranked third in terms of total exports with a 15% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Finland totaled +67.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+226.6% per year) and Norway (+7.5% per year).

In value terms, Finland ($X), Norway ($X) and Ukraine ($X) constituted the largest markets for synthetic latex rubber exported from Sweden worldwide, with a combined 67% share of total exports. These countries were followed by the Netherlands, the UK, Spain, Germany, Italy and Denmark, which together accounted for a further 29%.

The Netherlands, with a CAGR of +214.5%, recorded the highest growth rate of 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

In 2021, the average synthetic latex rubber export price amounted to $X per ton, shrinking by -39% against the previous year. In general, the export price continues to indicate a pronounced contraction. The most prominent rate of growth was recorded in 2014 an increase of 44% against the previous year. The export price peaked at $X per ton in 2015; however, from 2016 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to the Netherlands ($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 the UK (+13.0%), while the prices for the other major destinations experienced more modest paces of growth.

Synthetic Latex Rubber Imports

Imports into Sweden

In 2021, synthetic latex rubber imports into Sweden contracted to X tons, waning by -5.7% compared with the previous year. Overall, imports saw a abrupt descent. The most prominent rate of growth was recorded in 2019 when imports increased by 48%. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, synthetic latex rubber imports soared to $X in 2021. In general, imports recorded a abrupt contraction. Imports peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Germany (X tons) constituted the largest supplier of synthetic latex rubber to Sweden, accounting for a 77% share of total imports. Moreover, synthetic latex rubber imports from Germany exceeded the figures recorded by the second-largest supplier, Finland (X tons), ninefold. The third position in this ranking was held by Denmark (X tons), with a 5.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany stood at +11.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Finland (-30.0% per year) and Denmark (-6.8% per year).

In value terms, Germany ($X) constituted the largest supplier of synthetic latex rubber to Sweden, comprising 63% of total imports. The second position in the ranking was held by Denmark ($X), with a 9.8% share of total imports. It was followed by Italy, with a 7.8% share.

From 2012 to 2021, the average annual growth rate of value from Germany amounted to +6.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Denmark (-5.8% per year) and Italy (+67.5% per year).

Import Prices by Country

The average synthetic latex rubber import price stood at $X per ton in 2021, surging by 47% against the previous year. In general, the import price showed a relatively flat trend pattern. The import price peaked at $X per ton in 2018; however, from 2019 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+3.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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