Introduction: In 2022, China's total import volume of isoprene rubber will be 48,200 tons, an increase of 30.27% over last year, and the export volume will be 15,600 tons, an increase of 239.13% over 2021.
From 2018 to 2022, the import volume of China's isoprene rubber varies, and the export volume shows an increase year by year. In 2022, the import volume will reach a five-year high of 48,200 tons. Affected by public health events in Europe and the United States and the Russia-Ukraine situation, the sales of Russian isoprene rubber in Europe and the United States will be blocked, and the low price will attract Chinese buyers, thereby increasing the Chinese market. The import volume of isoprene rubber will hit a new high in 2022. The lowest import volume was in 2019, mainly due to the low price of natural rubber and sufficient supply, and the demand for isoprene rubber was difficult to expand, resulting in a gradual decrease in the import volume of isoprene rubber. In terms of export volume trends, 2019 was the lowest point in the past five years, only 0.08 million tons. 2022 will be the highest export volume in the past five years, at 15,600 tons, +239.13% compared with 2021. The export arbitrage opportunity of China's isoprene rubber was mainly driven by the supply gap in Southeast Asia, which greatly increased the export volume of isoprene rubber.
China's isoprene rubber imports come from fewer countries/regions. According to customs import statistics, the top two sources of China's isoprene rubber imports in 2022 will still be the Russian Federation and Japan. The imports in 2022 will be 38,500 tons and 8,600 tons respectively. Compared to 2021, the rankings of the Russian Federation and Japan have not been adjusted. In 2022, the import volume of Russian isoprene rubber will increase significantly, and the import volume of Russian isoprene rubber will increase by 59.34% compared with 2021, mainly because the sales of Russian isoprene rubber in Europe and America are hindered, and part of the balance will be transferred to China. , and the increase is obvious in the second half of the year
There are many export destinations of China's isoprene, but most of them are mainly in Asian markets. In 2022, the main destinations of China's isoprene rubber exports are Vietnam, Malaysia, and India, with export volumes of 4,100 tons, 3,300 tons, and 2,400 tons, respectively. China's isoprene rubber exports to other Asian countries are mainly driven by factors such as obvious geographical advantages and export arbitrage. The consumption of isoprene rubber in Europe and the United States is mainly based on local and Japanese isoprene rubber.
In summary, judging from the import and export volume data from 2023 to 2027, it is expected that the import volume in 2024 will be the highest point in the next five years, mainly driven by the recovery of domestic demand, and then enter a downward trend of shocks. In terms of export volume, the export volume of China's isoprene rubber is still low, but it is obvious that it has exceeded the value of 10,000 tons.
