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

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

After six years of growth, the Europe market for isoprene rubber (IR) in primary forms decreased by X% to $X in 2023. In general, consumption recorded a mild decline. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2023, consumption failed to regain momentum.

Production of Isoprene Rubber (IR) in Primary Forms in Europe

In value terms, production of isoprene rubber (IR) in primary forms rose slightly to $X in 2023 estimated in export price. Overall, production, however, recorded a noticeable contraction. The pace of growth appeared the most rapid in 2017 with an increase of X%. The level of production peaked at $X in 2012; however, from 2013 to 2023, production stood at a somewhat lower figure.

Exports of Isoprene Rubber (IR) in Primary Forms

Exports in Europe

In 2023, exports of isoprene rubber (IR) in primary forms in Europe declined to X tons, reducing by X% compared with the year before. Overall, exports recorded a noticeable setback. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. Over the period under review, the exports of attained the peak figure at X tons in 2018; however, from 2019 to 2023, the exports failed to regain momentum.

In value terms, exports of isoprene rubber (IR) in primary forms contracted to $X in 2023. In general, exports showed a drastic downturn. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2023, the exports remained at a lower figure.

Exports by Country

Russia was the main exporting country with an export of about X tons, which finished at X% of total exports. It was distantly followed by Germany (X tons), comprising a X% share of total exports. The following exporters - Poland (X tons), France (X tons) and Lithuania (X tons) - together made up X% of total exports.

From 2012 to 2023, average annual rates of growth with regard to isoprene rubber (IR) in primary form exports from Russia stood at X%. At the same time, Lithuania (X%) displayed positive paces of growth. Moreover, Lithuania emerged as the fastest-growing exporter exported in Europe, with a CAGR of X% from 2012-2023. By contrast, France (X%), Poland (X%) and Germany (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Russia and Lithuania increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) remains the largest isoprene rubber (IR) in primary form supplier in Europe, comprising X% of total exports. The second position in the ranking was taken by Germany ($X), with a X% share of total exports. It was followed by Poland, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in Russia amounted to X%. The remaining exporting countries recorded the following average annual rates of exports growth: Germany (X% per year) and Poland (X% per year).

Export Prices by Country

In 2023, the export price in Europe amounted to $X per ton, declining by X% against the previous year. In general, the export price showed a noticeable slump. The pace of growth was the most pronounced in 2021 an increase of X% against the previous year. Over the period under review, the export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2023, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Lithuania ($X per ton), while Germany ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Germany (X%), while the other leaders experienced a decline in the export price figures.

Imports of Isoprene Rubber (IR) in Primary Forms

Imports in Europe

In 2023, imports of isoprene rubber (ir) in primary forms in Europe plummeted to X tons, waning by X% against the previous year. In general, imports continue to indicate a deep reduction. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Over the period under review, imports of attained the maximum at X tons in 2013; however, from 2014 to 2023, imports stood at a somewhat lower figure.

In value terms, imports of isoprene rubber (IR) in primary forms declined rapidly to $X in 2023. Over the period under review, imports continue to indicate a abrupt descent. The growth pace was the most rapid in 2021 when imports increased by X%. The level of import peaked at $X in 2012; however, from 2013 to 2023, imports remained at a lower figure.

Imports by Country

In 2023, Italy (X tons), distantly followed by Belarus (X tons), Poland (X tons), Spain (X tons), Germany (X tons), Romania (X tons), Belgium (X tons) and Lithuania (X tons) represented the main importers of isoprene rubber (IR) in primary forms, together generating X% of total imports.

Imports into Italy increased at an average annual rate of X% from 2012 to 2023. At the same time, Lithuania (X%) and Romania (X%) displayed positive paces of growth. Moreover, Lithuania emerged as the fastest-growing importer imported in Europe, with a CAGR of X% from 2012-2023. By contrast, Belarus (X%), Belgium (X%), Germany (X%), Poland (X%) and Spain (X%) illustrated a downward trend over the same period. While the share of Italy (X p.p.), Romania (X p.p.) and Lithuania (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Belgium (X p.p.), Germany (X p.p.), Spain (X p.p.) and Poland (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Belgium ($X), Poland ($X) and Germany ($X) were the countries with the highest levels of imports in 2023, with a combined X% share of total imports. Spain, Belarus, Italy, Romania and Lithuania lagged somewhat behind, together accounting for a further X%.

Among the main importing countries, Lithuania, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

In 2023, the import price in Europe amounted to $X per ton, standing approx. at the previous year. In general, the import price recorded a perceptible decline. The most prominent rate of growth was recorded in 2017 when the import price increased by X%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2023, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Belgium ($X per ton), while Italy ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Belgium (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform