Austria: Unvulcanised Rubber Market 2024

Unvulcanised Rubber Market Size in Austria

The Austrian unvulcanised rubber market rose remarkably to $X in 2021, with an increase of 12% against the previous year. In general, consumption recorded strong growth. Unvulcanised rubber consumption peaked at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Unvulcanised Rubber Production in Austria

In value terms, unvulcanised rubber production expanded significantly to $X in 2021 estimated in export price. Over the period under review, production recorded a remarkable increase. The most prominent rate of growth was recorded in 2013 when the production volume increased by 35%. Unvulcanised rubber production peaked at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Unvulcanised Rubber Exports

Exports from Austria

In 2021, the amount of unvulcanised rubber exported from Austria surged to X tons, increasing by 32% against the previous year's figure. In general, exports, however, showed a deep reduction. The pace of growth appeared the most rapid in 2018 with an increase of 94%. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, unvulcanised rubber exports surged to $X in 2021. Over the period under review, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when exports increased by 73%. Over the period under review, the exports reached the maximum in 2021 and are expected to retain growth in the near future.

Exports by Country

Hungary (X tons) was the main destination for unvulcanised rubber exports from Austria, accounting for a 68% share of total exports. Moreover, unvulcanised rubber exports to Hungary exceeded the volume sent to the second major destination, the Czech Republic (X tons), sevenfold. Slovenia (X tons) ranked third in terms of total exports with a 5.4% share.

From 2012 to 2021, the average annual growth rate of volume to Hungary amounted to +71.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Czech Republic (+39.3% per year) and Slovenia (-27.8% per year).

In value terms, Hungary ($X) remains the key foreign market for unvulcanised rubber exports from Austria, comprising 60% of total exports. The second position in the ranking was taken by the Czech Republic ($X), with a 9.8% share of total exports. It was followed by Japan, with an 8.9% share.

From 2012 to 2021, the average annual growth rate of value to Hungary amounted to +67.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Czech Republic (+35.3% per year) and Japan (+39.1% per year).

Export Prices by Country

The average unvulcanised rubber export price stood at $X per ton in 2021, surging by 8.2% against the previous year. Over the period under review, export price indicated a buoyant expansion from 2012 to 2021: its price increased at an average annual rate of +8.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, unvulcanised rubber export price decreased by -4.2% against 2019 indices. The most prominent rate of growth was recorded in 2013 an increase of 101% against the previous year. The export price 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 destination: amid the top suppliers, the country with the highest price was Japan ($X per ton), while the average price for exports to Germany ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (+51.7%), while the prices for the other major destinations experienced more modest paces of growth.

Unvulcanised Rubber Imports

Imports into Austria

In 2021, imports of unvulcanised rubber into Austria soared to X tons, with an increase of 27% against the year before. In general, imports, however, faced a abrupt curtailment. The pace of growth appeared the most rapid in 2018 when imports increased by 57%. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, unvulcanised rubber imports soared to $X in 2021. Over the period under review, imports, however, continue to indicate a deep contraction. Imports peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

Germany (X tons), Belgium (X tons) and Hungary (X tons) were the main suppliers of unvulcanised rubber imports to Austria, with a combined 88% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Belgium (with a CAGR of +51.9%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, Germany ($X) constituted the largest supplier of unvulcanised rubber to Austria, comprising 59% of total imports. The second position in the ranking was taken by Belgium ($X), with a 24% share of total imports. It was followed by Hungary, with a 4.6% share.

From 2012 to 2021, the average annual growth rate of value from Germany stood at -7.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+49.0% per year) and Hungary (-18.3% per year).

Import Prices by Country

In 2021, the average unvulcanised rubber import price amounted to $X per ton, surging by 18% against the previous year. Over the period under review, import price indicated a notable expansion from 2012 to 2021: its price increased at an average annual rate of +4.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 an increase of 42%. The import price peaked at $X per ton in 2015; however, from 2016 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Hungary ($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 (+22.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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