Synthetic latex rubber market in Italy

Earlier Report Observations

In 2018, the synthetic latex rubber market in Italy showed signs of recovery, with market volume reaching 144.8 thousand tons, supported by a revival in European production and consumption. The market then contracted over the following two years, falling to 137.0 thousand tons in 2019 and further to 113.2 thousand tons in 2020, before a sharp rebound in 2021 lifted volume to 143.4 thousand tons.

After the 2021 peak, market volume declined again to 117.3 thousand tons in 2022 and 94.2 thousand tons in 2023. In 2024, volume recovered strongly to 124.1 thousand tons. This growth was facilitated by Kumho Petrochemical's expansion of nitrile rubber latex production capacity, enhancing the availability of high-quality synthetic rubber for the Italian market, and by Synthomer's modernization of European plants, which improved production efficiency.

Production synthetic latex rubber in Italy

In value, 2017-2020, M $ US

Italy's synthetic latex rubber production declined for the third consecutive year. In 2020, output was valued at 139.3 million US dollars, marking a moderate 5.5% decrease compared to 2019. From 2017 to 2020, production fell by 63.3%, which translates to an annualized decline rate of 28.4%.

Annual dynamics of production in Italy in value, 2017-2020, M $ US

In kind, 2017-2020, K t

Italy's synthetic latex rubber production volume dropped for the third year in a row. In 2020, the country produced 118.4 thousand tonnes, showing a modest 4.0% decline from the previous year. Between 2017 and 2020, production decreased by 53.5%, equivalent to an annualized rate of 22.5%.

Annual dynamics of production in Italy in kind, 2017-2020, K t

Exports synthetic latex rubber from Italy

Exports in kind, t

Synthetic latex rubber exports from Italy grew for the third consecutive year. In 2020, export volume reached 75 144 tonnes, rising by 39.0% compared to 2019. Over the 2017-2020 period, exports increased by 48.9%, with a compound annual growth rate of 14.2%.

Annual dynamics of product's exports from Italy in kind, 2017-2020, t

From 2017 to 2020, Italy's export destinations for synthetic latex rubber were widely distributed. Malaysia accounted for 12.0% of exports in kind, Germany for 10.4%, and Turkey for 10.1%. Together, these three countries represented just 32.5% of total flows, with no single partner emerging as clearly dominant.

Structure of product's exports in kind by countries, 2017-2020

World map of product's exports from Italy in kind, 2017-2020

Exports in value, K $ US

In 2020, Italy's synthetic latex rubber exports amounted to 85 861 thousand US dollars, a 17.5% increase from 2019. Over the 2017-2020 period, exports grew by 3.9%, with a compound annual growth rate of 1.3%. The lowest value was recorded in 2019 at 73 092 thousand US dollars, which also saw the largest decline of 12.2%.

Annual dynamics of product's exports from Italy in value, 2017-2020, K $ US

Between 2017 and 2020, Italy's export structure in value terms remained highly diversified. Germany held a 10.8% share of exports in value, Sri Lanka 10.2%, and Turkey 8.7%. Combined, these three markets accounted for only 29.7% of total flows, while a long tail of smaller markets made up the remaining 70.3%.

Structure of product's exports in value by countries, 2017-2020

World map of product's exports from Italy in value, 2017-2020

Imports synthetic latex rubber to Italy

Imports in kind, t

Italy's synthetic latex rubber imports rose for the third consecutive year. In 2020, imports totaled 69 898 tonnes, increasing by 3.2% compared to 2019. From 2017 to 2020, imports grew by 10.5%, equating to an annualized rate of 3.4%.

Annual dynamics of product's imports to Italy in kind, 2017-2020, t

From 2017 to 2020, Germany remained the dominant source for Italy's synthetic latex rubber imports in kind, capturing 70.6% of total flows. The remainder was fragmented across various other markets.

Structure of product's imports in kind by countries, 2017-2020

World map of product's imports to Italy in kind, 2017-2020

Imports in value, K $ US

Italy's synthetic latex rubber imports declined for the second consecutive year. In 2020, imports were valued at 45 744 thousand US dollars, reflecting a sharp 26.2% drop compared to 2019. Between 2017 and 2020, imports decreased by 36%, which corresponds to an annualized decline rate of 13.8%. The peak value was recorded in 2018 at 81 304 thousand US dollars, which also saw the largest increase of 13.8%.

Annual dynamics of product's imports to Italy in value, 2017-2020, K $ US

Over the 2017-2020 period, Germany continued to be the dominant partner for Italy's synthetic latex rubber imports in value terms, accounting for 72.1% of total flows. Other markets formed a long tail in the import structure.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports to Italy in value, 2017-2020