Vulcanised Rubber Mats Market

The article discusses the expected growth of the global market for floor coverings and mats of vulcanised rubber over the period from 2022 to 2030. It includes forecasts for consumption, production, imports, and exports, with detailed analysis of trends in volume and value. Key insights include the top consuming countries, the largest markets in terms of value, trends in per capita consumption, and growth rates for different regions. The data also covers import and export trends, including average prices per ton and notable changes in pricing over the years.

Market Forecast

Driven by increasing demand for floor coverings and mats of vulcanised rubber worldwide, the market is expected to continue an upward consumption trend over the next eight-year period. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of +1.7% for the period from 2022 to 2030, which is projected to bring the market volume to 1.6M tons by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +3.8% for the period from 2022 to 2030, which is projected to bring the market value to $4.3B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Floor Coverings And Mats Of Vulcanised Rubber

In 2022, consumption of floor coverings and mats of vulcanised rubber increased by 0.4% to 1.4M tons, rising for the second year in a row after two years of decline. The total consumption volume increased at an average annual rate of +1.5% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. As a result, consumption attained the peak volume of 1.5M tons. From 2019 to 2022, the growth of the global consumption remained at a lower figure.

The global vulcanised rubber mats market size dropped to $3.2B in 2022, almost unchanged from the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption recorded a slight expansion. As a result, consumption reached the peak level of $3.5B. From 2019 to 2022, the growth of the global market remained at a lower figure.

Consumption By Country

The countries with the highest volumes of consumption in 2022 were China (324K tons), Germany (183K tons) and the United States (137K tons), together accounting for 46% of global consumption. India, Indonesia, the UK, Mexico, Spain, Turkey, Iran and Democratic Republic of the Congo lagged somewhat behind, together accounting for a further 24%.

From 2012 to 2022, the most notable rate of growth in terms of consumption, amongst the main consuming countries, was attained by Indonesia (with a CAGR of +4.2%), while consumption for the other global leaders experienced more modest paces of growth.

In value terms, the largest vulcanised rubber mats markets worldwide were China ($600M), Germany ($456M) and the United States ($331M), with a combined 43% share of the global market. India, Mexico, Turkey, Indonesia, the UK, Democratic Republic of the Congo, Iran and Spain lagged somewhat behind, together comprising a further 21%.

Indonesia, with a CAGR of +3.8%, recorded the highest growth rate of market size among the main consuming countries over the period under review, while market for the other global leaders experienced more modest paces of growth.

In 2022, the highest levels of vulcanised rubber mats per capita consumption was registered in Germany (2,203 kg per 1000 persons), followed by the UK (595 kg per 1000 persons), Spain (554 kg per 1000 persons) and the United States (409 kg per 1000 persons), while the world average per capita consumption of vulcanised rubber mats was estimated at 175 kg per 1000 persons.

From 2012 to 2022, the average annual rate of growth in terms of the vulcanised rubber mats per capita consumption in Germany amounted to +2.6%. In the other countries, the average annual rates were as follows: the UK (+2.1% per year) and Spain (+3.6% per year).

Production

World Production of Floor Coverings And Mats Of Vulcanised Rubber

Global vulcanised rubber mats production dropped modestly to 1.3M tons in 2022, stabilizing at the year before. The total output volume increased at an average annual rate of +1.2% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The growth pace was the most rapid in 2018 with an increase of 18% against the previous year. As a result, production attained the peak volume of 1.4M tons. From 2019 to 2022, global production growth failed to regain momentum.

In value terms, vulcanised rubber mats production declined slightly to $3.1B in 2022 estimated in export price. The total output value increased at an average annual rate of +1.7% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. The growth pace was the most rapid in 2018 when the production volume increased by 15% against the previous year. Over the period under review, global production attained the peak level at $3.4B in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Production By Country

China (412K tons) remains the largest vulcanised rubber mats producing country worldwide, accounting for 31% of total volume. Moreover, vulcanised rubber mats production in China exceeded the figures recorded by the second-largest producer, Germany (203K tons), twofold. The third position in this ranking was held by India (157K tons), with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of volume in China totaled +1.9%. In the other countries, the average annual rates were as follows: Germany (+3.3% per year) and India (+1.0% per year).

Imports

World Imports of Floor Coverings And Mats Of Vulcanised Rubber

In 2022, approx. 484K tons of floor coverings and mats of vulcanised rubber were imported worldwide; falling by -2.4% against 2021 figures. The total import volume increased at an average annual rate of +3.9% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 20% against the previous year. As a result, imports attained the peak of 496K tons, and then reduced in the following year.

In value terms, vulcanised rubber mats imports fell modestly to $1.2B in 2022. The total import value increased at an average annual rate of +2.9% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 25%. As a result, imports reached the peak of $1.2B, and then reduced modestly in the following year.

Imports By Country

In 2022, the United States (85K tons), distantly followed by the UK (31K tons), Germany (30K tons), the Netherlands (25K tons) and Belgium (23K tons) were the major importers of floor coverings and mats of vulcanised rubber, together committing 40% of total imports. Canada (20K tons), France (18K tons), Japan (15K tons), Italy (13K tons), Australia (12K tons), Mexico (12K tons), the Philippines (12K tons) and the Czech Republic (10K tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to vulcanised rubber mats imports into the United States stood at +6.0%. At the same time, the Czech Republic (+22.2%), the Philippines (+20.8%), Belgium (+14.1%), the Netherlands (+7.4%), Japan (+5.0%), France (+4.7%), Germany (+4.3%), Italy (+3.1%), the UK (+2.5%) and Australia (+1.1%) displayed positive paces of growth. Moreover, the Czech Republic emerged as the fastest-growing importer imported in the world, with a CAGR of +22.2% from 2012-2022. Mexico experienced a relatively flat trend pattern. By contrast, Canada (-1.3%) illustrated a downward trend over the same period. From 2012 to 2022, the share of the United States, Belgium, the Philippines and the Czech Republic increased by +3.3, +2.9, +1.9 and +1.7 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($199M) constitutes the largest market for imported floor coverings and mats of vulcanised rubber worldwide, comprising 17% of global imports. The second position in the ranking was held by Germany ($77M), with a 6.6% share of global imports. It was followed by the Netherlands, with a 6.1% share.

From 2012 to 2022, the average annual growth rate of value in the United States totaled +3.0%. The remaining importing countries recorded the following average annual rates of imports growth: Germany (+4.7% per year) and the Netherlands (+8.5% per year).

Import Prices By Country

The average vulcanised rubber mats import price stood at $2,404 per ton in 2022, approximately reflecting the previous year. In general, the import price recorded a mild decrease. The pace of growth was the most pronounced in 2014 when the average import price increased by 4.5% against the previous year. As a result, import price reached the peak level of $2,820 per ton. From 2015 to 2022, the average import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Canada ($3,283 per ton), while the Philippines ($1,170 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+4.1%), while the other global leaders experienced more modest paces of growth.

Exports

World Exports of Floor Coverings And Mats Of Vulcanised Rubber

After five years of growth, shipments abroad of floor coverings and mats of vulcanised rubber decreased by -7.5% to 421K tons in 2022. The total export volume increased at an average annual rate of +3.2% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 24% against the previous year. As a result, the exports reached the peak of 455K tons, and then dropped in the following year.

In value terms, vulcanised rubber mats exports reduced to $1.1B in 2022. The total export value increased at an average annual rate of +4.2% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when exports increased by 30% against the previous year. As a result, the exports attained the peak of $1.1B, and then shrank in the following year.

Exports By Country

China (95K tons), India (70K tons) and Germany (50K tons) represented roughly 51% of total exports in 2022. Poland (24K tons) held the next position in the ranking, followed by the Netherlands (21K tons). All these countries together took near 11% share of total exports. Canada (19K tons), Spain (18K tons), the Czech Republic (13K tons), the United States (12K tons), Malaysia (9K tons), Turkey (8.9K tons), Thailand (8.2K tons) and the United Arab Emirates (7.5K tons) held a relatively small share of total exports.

From 2012 to 2022, the biggest increases were recorded for the United Arab Emirates (with a CAGR of +20.0%), while shipments for the other global leaders experienced more modest paces of growth.

In value terms, China ($261M) remains the largest vulcanised rubber mats supplier worldwide, comprising 24% of global exports. The second position in the ranking was taken by Germany ($103M), with a 9.5% share of global exports. It was followed by the United States, with an 8.3% share.

In China, vulcanised rubber mats exports increased at an average annual rate of +7.0% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Germany (+1.0% per year) and the United States (-2.3% per year).

Export Prices By Country

In 2022, the average vulcanised rubber mats export price amounted to $2,557 per ton, rising by 2.4% against the previous year. In general, the export price continues to indicate a slight expansion. The most prominent rate of growth was recorded in 2013 an increase of 6.6%. The global export price peaked at $2,579 per ton in 2015; afterwards, it flattened through to 2022.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the United States ($7,450 per ton), while India ($1,248 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+8.8%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform