Europe: Synthetic Latex Rubber Market 2024

Synthetic Latex Rubber Market Size in Europe

The Europe synthetic latex rubber market reduced to $X in 2022, leveling off at the previous year. In general, consumption recorded a noticeable contraction. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Synthetic Latex Rubber Production in Europe

In value terms, synthetic latex rubber production dropped modestly to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a perceptible decline. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Synthetic Latex Rubber Exports

Exports in Europe

In 2022, after two years of growth, there was significant decline in shipments abroad of synthetic latex rubber, when their volume decreased by X% to X tons. Over the period under review, exports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when exports increased by X%. As a result, the exports attained the peak of X tons, and then shrank markedly in the following year.

In value terms, synthetic latex rubber exports shrank to $X in 2022. In general, exports saw a pronounced slump. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, Germany (X tons) was the key exporter of synthetic latex rubber, mixing up X% of total exports. The Netherlands (X tons) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Belgium (X%) and Italy (X%). The following exporters - Finland (X tons), Spain (X tons) and Poland (X tons) - together made up X% of total exports.

From 2012 to 2022, average annual rates of growth with regard to synthetic latex rubber exports from Germany stood at X%. At the same time, Poland (X%), Spain (X%), Italy (X%) and the Netherlands (X%) displayed positive paces of growth. Moreover, Poland emerged as the fastest-growing exporter exported in Europe, with a CAGR of X% from 2012-2022. By contrast, Belgium (X%) and Finland (X%) illustrated a downward trend over the same period. The Netherlands (X p.p.) and Italy (X p.p.) significantly strengthened its position in terms of the total exports, while Finland and Germany saw its share reduced by X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X) remains the largest synthetic latex rubber supplier in Europe, comprising X% of total exports. The second position in the ranking was taken by the Netherlands ($X), with a X% share of total exports. It was followed by Belgium, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Germany stood at X%. In the other countries, the average annual rates were as follows: the Netherlands (X% per year) and Belgium (X% per year).

Export Prices by Country

In 2022, the export price in Europe amounted to $X per ton, surging by X% against the previous year. Overall, the export price, however, showed a slight reduction. The most prominent rate of growth was recorded in 2021 when the export price increased by X%. Over the period under review, the export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in Italy ($X per ton) and Spain ($X per ton), while Finland ($X per ton) and the Netherlands ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (X%), while the other leaders experienced a decline in the export price figures.

Synthetic Latex Rubber Imports

Imports in Europe

In 2022, approx. X tons of synthetic latex rubber were imported in Europe; declining by X% compared with the year before. In general, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, imports reached the peak of X tons, and then contracted in the following year.

In value terms, synthetic latex rubber imports contracted to $X in 2022. Overall, imports continue to indicate a mild slump. The most prominent rate of growth was recorded in 2021 when imports increased by X%. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Italy (X tons), Belgium (X tons), Germany (X tons), the Netherlands (X tons), Spain (X tons), Austria (X tons), France (X tons), the UK (X tons) and the Czech Republic (X tons) represented roughly X% of total imports in 2022. Russia (X tons), Serbia (X tons), Poland (X tons) and Switzerland (X tons) took a little share of total imports.

From 2012 to 2022, the biggest increases were recorded for Serbia (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest synthetic latex rubber importing markets in Europe were Belgium ($X), Germany ($X) and the Netherlands ($X), with a combined X% share of total imports. Italy, Spain, the UK, Austria, France, the Czech Republic, Russia, Poland, Switzerland and Serbia lagged somewhat behind, together accounting for a further X%.

Serbia, with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Europe stood at $X per ton in 2022, surging by X% against the previous year. Over the period under review, the import price, however, continues to indicate a mild setback. The most prominent rate of growth was recorded in 2021 an increase of X%. Over the period under review, import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Switzerland ($X per ton), while Italy ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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