Europe: Vulcanised Rubber Thread Market 2023

Vulcanised Rubber Thread Market Size in Europe

The Europe vulcanised rubber thread market was finally on the rise to reach $X in 2021, after two years of decline. In general, consumption, however, saw a perceptible reduction. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Vulcanised Rubber Thread Production in Europe

In value terms, vulcanised rubber thread production reduced to $X in 2021 estimated in export price. In general, production, however, showed a abrupt downturn. The growth pace was the most rapid in 2018 with an increase of 28%. The level of production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Vulcanised Rubber Thread Exports

Exports in Europe

After five years of growth, overseas shipments of vulcanised rubber thread and cord decreased by -5.7% to X tons in 2021. Total exports indicated a mild increase from 2012 to 2021: its volume increased at an average annual rate of +1.8% 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 +64.8% against 2015 indices. The growth pace was the most rapid in 2014 with an increase of 67%. As a result, the exports attained the peak of X tons. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, vulcanised rubber thread exports rose remarkably to $X in 2021. Total exports indicated a pronounced expansion from 2012 to 2021: its value increased at an average annual rate of +3.0% 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 +68.2% against 2016 indices. The most prominent rate of growth was recorded in 2014 with an increase of 71%. As a result, the exports attained the peak of $X. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

In 2021, Belgium (X tons), Germany (X tons), the Netherlands (X tons), Italy (X tons), Portugal (X tons) and the UK (X tons) represented the key exporter of vulcanised rubber thread and cord in Europe, generating 79% of total export. It was distantly followed by France (X tons), making up a 5.2% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main 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 UK ($X), Belgium ($X) and Italy ($X) appeared to be the countries with the highest levels of exports in 2021, together accounting for 51% of total exports. These countries were followed by Germany, the Netherlands, France and Portugal, which together accounted for a further 36%.

Among the main exporting countries, Portugal, with a CAGR of +69.5%, saw the highest growth rate of the value of exports, 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 Europe amounted to $X per ton, growing by 17% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.2%. The level of export peaked at $X per ton in 2015; however, from 2016 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the UK ($X per ton), while Portugal ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+11.9%), while the other leaders experienced more modest paces of growth.

Vulcanised Rubber Thread Imports

Imports in Europe

In 2021, after two years of decline, there was significant growth in supplies from abroad of vulcanised rubber thread and cord, when their volume increased by 6.3% to X tons. The total import volume increased at an average annual rate of +1.2% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The pace of growth was the most pronounced in 2014 when imports increased by 18%. As a result, imports attained the peak of X tons. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, vulcanised rubber thread imports surged to $X in 2021. Over the period under review, imports saw a relatively flat trend pattern. Over the period under review, imports attained the peak figure at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, the UK (X tons) and Italy (X tons) were the major importers of vulcanised rubber thread and cord in Europe, together resulting at approx. 43% of total imports. It was distantly followed by Russia (X tons), Belgium (X tons), Poland (X tons) and Germany (X tons), together achieving a 25% share of total imports. The following importers - Spain (X tons), Portugal (X tons), France (X tons), the Netherlands (X tons), Greece (X tons), Romania (X tons) and Belarus (X tons) - together made up 21% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by the Netherlands (with a CAGR of +23.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), the UK ($X) and Belgium ($X) appeared to be the countries with the highest levels of imports in 2021, together accounting for 42% of total imports. These countries were followed by Poland, Germany, Russia, the Netherlands, Spain, Portugal, France, Greece, Romania and Belarus, which together accounted for a further 43%.

The Netherlands, with a CAGR of +18.1%, recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in Europe amounted to $X per ton, jumping by 23% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

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 Netherlands ($X per ton), while the UK ($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 Market Intelligence Platform

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