Northern America: Vulcanised Rubber Thread Market 2023

Vulcanised Rubber Thread Market Size in Northern America

The North American vulcanised rubber thread market dropped to $X in 2021, almost unchanged from the previous year. The market value increased at an average annual rate of +1.3% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. As a result, consumption reached the peak level of $X, leveling off in the following year.

Vulcanised Rubber Thread Production in Northern America

In value terms, vulcanised rubber thread production reduced to $X in 2021 estimated in export price. Overall, production, however, saw a mild increase. The pace of growth was the most pronounced in 2020 with an increase of 17%. As a result, production reached the peak level of $X, and then fell in the following year.

Vulcanised Rubber Thread Exports

Exports in Northern America

In 2021, after two years of growth, there was significant decline in overseas shipments of vulcanised rubber thread and cord, when their volume decreased by -7.9% to X tons. Over the period under review, exports continue to indicate a mild downturn. The pace of growth was the most pronounced in 2017 with an increase of 26%. Over the period under review, the exports reached the peak figure at X tons in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, vulcanised rubber thread exports contracted markedly to $X in 2021. Overall, exports showed a noticeable slump. The most prominent rate of growth was recorded in 2017 with an increase of 27% against the previous year. The level of export peaked at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

The United States represented the key exporting country with an export of around X tons, which recorded 70% of total exports. It was distantly followed by Canada (X tons), comprising a 30% share of total exports.

From 2012 to 2021, average annual rates of growth with regard to vulcanised rubber thread exports from the United States stood at -3.6%. At the same time, Canada (+5.4%) displayed positive paces of growth. Moreover, Canada emerged as the fastest-growing exporter exported in Northern America, with a CAGR of +5.4% from 2012-2021. While the share of Canada (+14 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of the United States (-13.8 p.p.) displayed negative dynamics.

In value terms, the United States ($X) remains the largest vulcanised rubber thread supplier in Northern America, comprising 87% of total exports. The second position in the ranking was taken by Canada ($X), with a 13% share of total exports.

In the United States, vulcanised rubber thread exports contracted by an average annual rate of -3.6% over the period from 2012-2021.

Export Prices by Country

The export price in Northern America stood at $X per ton in 2021, declining by -15.4% against the previous year. In general, the export price saw a slight setback. The most prominent rate of growth was recorded in 2014 when the export price increased by 15%. The level of export peaked at $X per ton in 2018; however, from 2019 to 2021, the export prices failed to regain momentum.

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 the United States ($X per ton), while Canada amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+0.0%).

Vulcanised Rubber Thread Imports

Imports in Northern America

In 2021, approx. X tons of vulcanised rubber thread and cord were imported in Northern America; surging by 24% on 2020 figures. In general, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when imports increased by 25% against the previous year. The volume of import peaked in 2021 and is likely to see steady growth in the near future.

In value terms, vulcanised rubber thread imports rose sharply to $X in 2021. Overall, imports, however, recorded a abrupt shrinkage. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

The United States represented the main importing country with an import of about X tons, which accounted for 90% of total imports. It was distantly followed by Canada (X tons), mixing up a 10% share of total imports.

The United States experienced a relatively flat trend pattern with regard to volume of imports of vulcanised rubber thread and cord. At the same time, Canada (+1.5%) displayed positive paces of growth. Moreover, Canada emerged as the fastest-growing importer imported in Northern America, with a CAGR of +1.5% from 2012-2021. The shares of the largest importers remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) constitutes the largest market for imported vulcanised rubber thread and cord in Northern America, comprising 85% of total imports. The second position in the ranking was held by Canada ($X), with a 15% share of total imports.

In the United States, vulcanised rubber thread imports plunged by an average annual rate of -6.3% over the period from 2012-2021.

Import Prices by Country

The import price in Northern America stood at $X per ton in 2021, waning by -7.6% against the previous year. Over the period under review, the import price recorded a abrupt contraction. The growth pace was the most rapid in 2017 when the import price increased by 16%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a 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 Canada ($X per ton), while the United States totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (-4.9%).

Source: IndexBox Market Intelligence Platform

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