
EU - Vulcanised Rubber Thread and Cord - Market Analysis, Forecast, Size, Trends and Insights
EU: Vulcanised Rubber Thread Market 2023
Vulcanised Rubber Thread Market Size in the EU
After two years of decline, the EU vulcanised rubber thread market increased by 17% to $X in 2021. Overall, consumption, however, continues to indicate a slight decrease. The level of consumption peaked at $X in 2013; however, from 2014 to 2021, consumption stood at a somewhat lower figure.
Vulcanised Rubber Thread Production in the EU
In value terms, vulcanised rubber thread production fell sharply to $X in 2021 estimated in export price. In general, production, however, showed a noticeable descent. The growth pace was the most rapid in 2018 with an increase of 18%. As a result, production attained the peak level of $X. From 2019 to 2021, production growth remained at a lower figure.
Vulcanised Rubber Thread Exports
Exports in the EU
For the third consecutive year, the European Union recorded growth in overseas shipments of vulcanised rubber thread and cord, which increased by 1.9% to X tons in 2021. Total exports indicated notable growth from 2012 to 2021: its volume increased at an average annual rate of +4.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +57.8% against 2018 indices. The pace of growth was the most pronounced in 2014 when exports increased by 68%. As a result, the exports attained the peak of X tons. From 2015 to 2021, the growth of the exports failed to regain momentum.
In value terms, vulcanised rubber thread exports skyrocketed to $X in 2021. Over the period under review, exports saw tangible growth. The pace of growth appeared the most rapid in 2014 with an increase of 72% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2021, the growth of the exports failed to regain momentum.
Exports by Country
The shipments of the five major exporters of vulcanised rubber thread and cord, namely Belgium, Germany, the Netherlands, Italy and Portugal, represented more than two-thirds of total export. France (X tons) took a 5.9% share (based on physical terms) of total exports, which put it in second place, followed by Slovenia (4.6%).
From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Portugal (with a CAGR of +79.1%), while the other leaders experienced more modest paces of growth.
In value terms, the largest vulcanised rubber thread supplying countries in the European Union were Belgium ($X), Italy ($X) and Germany ($X), with a combined 57% share of total exports. These countries were followed by the Netherlands, France, Portugal and Slovenia, which together accounted for a further 31%.
Portugal, with a CAGR of +69.5%, recorded the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.
Export Prices by Country
In 2021, the export price in the European Union amounted to $X per ton, increasing by 19% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The level of export peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.
There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was France ($X per ton), while Slovenia ($X per ton) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+3.5%), while the other leaders experienced more modest paces of growth.
Vulcanised Rubber Thread Imports
Imports in the EU
In 2021, imports of vulcanised rubber thread and cord in the European Union reached X tons, approximately reflecting the previous year. The total import volume increased at an average annual rate of +1.8% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2014 with an increase of 18%. As a result, imports reached the peak of X tons. From 2015 to 2021, the growth of imports failed to regain momentum.
In value terms, vulcanised rubber thread imports skyrocketed to $X in 2021. Overall, imports continue to indicate a relatively flat trend pattern. The level of import peaked at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.
Imports by Country
In 2021, Italy (X tons) was the key importer of vulcanised rubber thread and cord, constituting 32% of total imports. It was distantly followed by Belgium (X tons), Poland (X tons), Germany (X tons), Spain (X tons), Portugal (X tons) and France (X tons), together committing a 45% share of total imports. The Netherlands (X tons), Greece (X tons), Romania (X tons) and the Czech Republic (X tons) held a little share of total imports.
Imports into Italy increased at an average annual rate of +2.6% from 2012 to 2021. At the same time, the Netherlands (+23.3%), Portugal (+10.6%), Romania (+8.5%), Belgium (+7.1%), Greece (+3.9%), Spain (+2.9%) and the Czech Republic (+1.5%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest-growing importer imported in the European Union, with a CAGR of +23.3% from 2012-2021. France, Poland and Germany experienced a relatively flat trend pattern. While the share of Belgium (+3.7 p.p.), the Netherlands (+3.7 p.p.), Portugal (+3.2 p.p.) and Italy (+2.2 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Poland (-1.6 p.p.) and Germany (-2.2 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.
In value terms, Italy ($X) constitutes the largest market for imported vulcanised rubber thread and cord in the European Union, comprising 26% of total imports. The second position in the ranking was held by Belgium ($X), with an 11% share of total imports. It was followed by Poland, with a 9.4% share.
From 2012 to 2021, the average annual growth rate of value in Italy was relatively modest. The remaining importing countries recorded the following average annual rates of imports growth: Belgium (+6.4% per year) and Poland (-0.4% per year).
Import Prices by Country
The import price in the European Union stood at $X per ton in 2021, jumping by 22% against the previous year. Over the period under review, the import price, however, recorded a slight descent. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was the Czech Republic ($X per ton), while Italy ($X per ton) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Greece (+1.5%), while the other leaders experienced more modest paces of growth.
Source: IndexBox Platform
Base Year | Historical Period | Forecast Period | Units |
---|---|---|---|
2022 | 2012-2022 | 2023-2030 | US$, Tons |
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the vulcanised rubber thread market in the EU. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Importers on The Market and How They Succeed
The Largest Exporters on The Market and How They Succeed
The Largest Producers on The Market and Their Profiles
The Largest Markets And Their Profiles
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