EU: Market for Natural Rubber And Gums 2024

Market Size for Natural Rubber And Gums in the EU

After five years of growth, the EU natural rubber and gum market decreased by X% to $X in 2022. Over the period under review, consumption continues to indicate a mild decrease. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Production of Natural Rubber And Gums in the EU

In value terms, natural rubber and gum production reduced to $X in 2022 estimated in export price. In general, production saw a buoyant increase. The growth pace was the most rapid in 2016 when the production volume increased by X%. Over the period under review, production attained the maximum level at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

The countries with the highest volumes of production in 2022 were the Netherlands (X tons), Hungary (X tons) and Austria (X tons), together comprising X% of total production.

From 2012 to 2022, the most notable rate of growth in terms of production, amongst the key producing countries, was attained by Hungary (with a CAGR of X.0%), while production for the other leaders experienced more modest paces of growth.

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Exports of Natural Rubber And Gums

Exports in the EU

In 2022, overseas shipments of natural rubber and gums increased by X% to X tons, rising for the third year in a row after three years of decline. Overall, exports, however, continue to indicate a mild decline. The growth pace was the most rapid in 2016 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, natural rubber and gum exports fell to $X in 2022. Over the period under review, exports, however, showed a drastic downturn. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The level of export peaked at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Belgium (X tons) and the Netherlands (X tons) represented roughly X% of total exports in 2022. It was distantly followed by Hungary (X tons) and Ireland (X tons), together making up a X% share of total exports. The following exporters - Denmark (X tons), Germany (X tons) and Italy (X tons) - together made up X% of total exports.

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

In value terms, the largest natural rubber and gum supplying countries in the European Union were the Netherlands ($X), Belgium ($X) and Denmark ($X), with a combined X% share of total exports. Ireland, Germany, Italy and Hungary lagged somewhat behind, together accounting for a further X%.

Ireland, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in the European Union stood at $X per ton in 2022, declining by X% against the previous year. Overall, the export price recorded a perceptible reduction. The most prominent rate of growth was recorded in 2017 when the export price increased by X%. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Denmark ($X per ton), while Hungary ($X per ton) was amongst the lowest.

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

Imports of Natural Rubber And Gums

Imports in the EU

After three years of growth, purchases abroad of natural rubber and gums decreased by X% to X tons in 2022. Over the period under review, imports recorded a slight descent. The growth pace was the most rapid in 2020 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, natural rubber and gum imports shrank markedly to $X in 2022. In general, imports continue to indicate a abrupt curtailment. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

The purchases of the three major importers of natural rubber and gums, namely Belgium, the Netherlands and Italy, represented more than two-thirds of total import. Germany (X tons) held an X% share (based on physical terms) of total imports, which put it in second place, followed by Spain (X%) and Poland (X%). France (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by the Netherlands (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), Belgium ($X) and Italy ($X) were the countries with the highest levels of imports in 2022, with a combined X% share of total imports.

The Netherlands, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of 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

In 2022, the import price in the European Union amounted to $X per ton, reducing by X% against the previous year. Overall, the import price recorded a perceptible curtailment. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. Over the period under review, import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in France ($X per ton) and Poland ($X per ton), while Belgium ($X per ton) and the Netherlands ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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