Austria: Vulcanised Rubber Thread Market 2024

Vulcanised Rubber Thread Market Size in Austria

The Austrian vulcanised rubber thread market soared to $X in 2021, growing by 46% against the previous year. Over the period under review, consumption enjoyed strong growth. Over the period under review, the market attained the peak level at $X in 2019; afterwards, it flattened through to 2021.

Vulcanised Rubber Thread Production in Austria

In value terms, vulcanised rubber thread production surged to $X in 2021 estimated in export price. In general, production posted a significant expansion. The most prominent rate of growth was recorded in 2014 when the production volume increased by 1,254% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2021, production growth remained at a somewhat lower figure.

Vulcanised Rubber Thread Exports

Exports from Austria

In 2021, overseas shipments of vulcanised rubber thread and cord decreased by -36.4% to X tons for the first time since 2018, thus ending a two-year rising trend. Overall, exports continue to indicate a perceptible reduction. The pace of growth was the most pronounced in 2014 when exports increased by 5,640% against the previous year. As a result, the exports reached the peak of X tons. From 2015 to 2021, the growth of the exports remained at a lower figure.

In value terms, vulcanised rubber thread exports dropped dramatically to $X in 2021. Over the period under review, exports, however, saw slight growth. The most prominent rate of growth was recorded in 2014 with an increase of 5,635%. 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

Germany (X tons) was the main destination for vulcanised rubber thread exports from Austria, with a 52% share of total exports. Moreover, vulcanised rubber thread exports to Germany exceeded the volume sent to the second major destination, the UK (X tons), threefold. South Africa (X tons) ranked third in terms of total exports with an 11% share.

From 2012 to 2021, the average annual growth rate of volume to Germany totaled -3.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+47.8% per year) and South Africa (+76.2% per year).

In value terms, Germany ($X), the UK ($X) and the Czech Republic ($X) appeared to be the largest markets for vulcanised rubber thread exported from Austria worldwide, together accounting for 71% of total exports.

In terms of the main countries of destination, the UK, with a CAGR of +66.0%, saw the highest rates of growth with regard to 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 average vulcanised rubber thread export price amounted to $X per ton, with an increase of 31% against the previous year. Over the last nine years, it increased at an average annual rate of +4.3%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Czech Republic ($X per ton), while the average price for exports to South Africa ($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 Ecuador (+15.7%), while the prices for the other major destinations experienced more modest paces of growth.

Vulcanised Rubber Thread Imports

Imports into Austria

In 2021, after four years of growth, there was decline in overseas purchases of vulcanised rubber thread and cord, when their volume decreased by -4.2% to X tons. Overall, imports showed a abrupt curtailment. The pace of growth appeared the most rapid in 2014 with an increase of 169%. As a result, imports reached 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 reached $X in 2021. Over the period under review, imports saw a deep reduction. The pace of growth appeared the most rapid in 2014 with an increase of 330% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2021, the growth of imports failed to regain momentum.

Imports by Country

Germany (X tons), Portugal (X tons) and Malaysia (X tons) were the main suppliers of vulcanised rubber thread imports to Austria, with a combined 91% share of total imports. These countries were followed by Spain, Italy, China and Thailand, which together accounted for a further 6.9%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Spain (with a CAGR of +138.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Portugal ($X) and Malaysia ($X) constituted the largest vulcanised rubber thread suppliers to Austria, with a combined 87% share of total imports. Spain, Italy, China and Thailand lagged somewhat behind, together accounting for a further 7.1%.

Spain, with a CAGR of +132.5%, saw the highest growth rate of the value of imports, in terms of the main suppliers 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 2021, with an increase of 8.6% against the previous year. Overall, the import price, however, saw a noticeable decline. The most prominent rate of growth was recorded in 2014 an increase of 60%. As a result, import price reached the peak level of $X per ton. From 2015 to 2021, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per ton), while the price for Thailand ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+1.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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