Belgium: Vulcanised Rubber Thread Market 2024

Vulcanised Rubber Thread Market Size in Belgium

The Belgian vulcanised rubber thread market surged to $X in 2022, picking up by X% against the previous year. In general, the total consumption indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2019 indices. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Vulcanised Rubber Thread Production in Belgium

In value terms, vulcanised rubber thread production surged to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a relatively flat trend pattern. Vulcanised rubber thread production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

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Vulcanised Rubber Thread Exports

Exports from Belgium

In 2022, overseas shipments of vulcanised rubber thread and cord decreased by X% to X tons, falling for the second year in a row after two years of growth. Overall, exports, however, enjoyed a buoyant increase. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. As a result, the exports reached the peak of X tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, vulcanised rubber thread exports declined significantly to $X in 2022. Over the period under review, exports, however, showed a remarkable increase. The pace of growth appeared the most rapid in 2020 when exports increased by X%. The exports peaked at $X in 2021, and then contracted significantly in the following year.

Exports by Country

Germany (X tons) was the main destination for vulcanised rubber thread exports from Belgium, with a X% share of total exports. Moreover, vulcanised rubber thread exports to Germany exceeded the volume sent to the second major destination, France (X tons), threefold. Greece (X tons) ranked third in terms of total exports with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Germany amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (X% per year) and Greece (X% per year).

In value terms, Germany ($X) remains the key foreign market for vulcanised rubber thread and cord exports from Belgium, comprising X% of total exports. The second position in the ranking was taken by France ($X), with a X% share of total exports. It was followed by Greece, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Germany stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (X% per year) and Greece (X% per year).

Export Prices by Country

The average vulcanised rubber thread export price stood at $X per ton in 2022, dropping by X% against the previous year. Overall, the export price continues to indicate a noticeable slump. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to France ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to France (X%), while the prices for the other major destinations experienced a decline.

Vulcanised Rubber Thread Imports

Imports into Belgium

In 2022, purchases abroad of vulcanised rubber thread and cord increased by X% to X tons, rising for the third year in a row after three years of decline. In general, total imports indicated a prominent expansion from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2019 indices. The pace of growth appeared the most rapid in 2013 with an increase of X%. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in the near future.

In value terms, vulcanised rubber thread imports rose remarkably to $X in 2022. Overall, total imports indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2019 indices. The growth pace was the most rapid in 2020 when imports increased by X%. Imports peaked in 2022 and are likely to see steady growth in the near future.

Imports by Country

In 2022, Spain (X tons) constituted the largest supplier of vulcanised rubber thread to Belgium, accounting for a X% share of total imports. Moreover, vulcanised rubber thread imports from Spain exceeded the figures recorded by the second-largest supplier, India (X tons), fourfold. The United States (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Spain stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (X% per year) and the United States (X% per year).

In value terms, Spain ($X), India ($X) and the United States ($X) appeared to be the largest vulcanised rubber thread suppliers to Belgium, together accounting for X% of total imports. China, the UK, Malaysia and Thailand lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, Malaysia, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average vulcanised rubber thread import price stood at $X per ton in 2022, dropping by X% against the previous year. In general, the import price continues to indicate a slight decline. The growth pace was the most rapid in 2020 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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