The European import share of synthetic rubber, excluding latex, by country in 2023 was led by Germany at 18.09%, followed by Belgium and Poland at 13.54% and 11.13%, respectively. Notably, Lithuania and Cyprus showed the highest year-on-year growth in 2023, increasing their import shares by 24.01% and 28.25%. While Bulgaria, Greece, and Estonia also depicted significant growth, the United Kingdom and Sweden faced declines of 4.28% and 4.61%, respectively. Over the past five years, the market has shown dynamic shifts, with noticeable shifts in import shares led by Eastern European countries increasing their presence.
Future trends to watch in the European synthetic rubber market include:
- Eastern European countries, like Romania and Slovakia, are expected to continue expanding their market shares.
- Further potential import reductions from Western countries, particularly the UK and Sweden, if current trends persist.
- Monitoring the effects of geopolitical factors and sustainability initiatives on synthetic rubber trade patterns.
- Potential diversification in imports owing to advancements in local synthetic rubber production and circular economy practices.
Top countries in Import of Synthetic Rubber (Excluding Latex) Share by Country (Kilograms)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 18.09 | 2023 | +4.01% | +1.26% | View data |
| 2 | 2 Belgium | 13.54 | 2023 | +1.31% | -1.48% | View data |
| 3 | 3 Poland | 11.13 | 2023 | +2.57% | +2.43% | View data |
| 4 | 4 Italy | 7.87 | 2023 | +0.0078% | -0.14% | View data |
| 5 | 5 France | 7.26 | 2023 | +4.22% | -0.61% | View data |
| 6 | 6 Spain | 5.97 | 2023 | -0.38% | -1.89% | View data |
| 7 | 7 Hungary | 5.82 | 2023 | +2.41% | +1.11% | View data |
| 8 | 8 Netherlands | 5.42 | 2023 | +5.72% | +0.52% | View data |
| 9 | 9 Romania | 4.79 | 2023 | +3.65% | +2.89% | View data |
| 10 | 10 Czechia | 4.48 | 2023 |
