Belgium: Vulcanised Rubber Erases Market 2024

Vulcanised Rubber Erases Market Size in Belgium

The Belgian vulcanised rubber erases market totaled $X in 2021, picking up by 11% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, the total consumption indicated a modest increase from 2012 to 2021: its value 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, consumption decreased by -10.4% against 2019 indices. Over the period under review, the market reached the maximum level at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Vulcanised Rubber Erases Exports

Exports from Belgium

In 2021, exports of erasers of vulcanised rubber from Belgium fell slightly to X tons, dropping by -2.7% compared with the previous year. In general, exports recorded a deep reduction. The pace of growth appeared the most rapid in 2020 with an increase of 139%. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, vulcanised rubber erases exports soared to $X in 2021. Overall, exports showed a noticeable shrinkage. The growth pace was the most rapid in 2020 with an increase of 232% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

France (X tons) was the main destination for vulcanised rubber erases exports from Belgium, accounting for a 35% share of total exports. Moreover, vulcanised rubber erases exports to France exceeded the volume sent to the second major destination, Germany (X tons), twofold. Italy (X tons) ranked third in terms of total exports with a 9.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to France stood at +2.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-3.1% per year) and Italy (-28.9% per year).

In value terms, the largest markets for vulcanised rubber erases exported from Belgium were France ($X), the UK ($X) and Germany ($X), with a combined 52% share of total exports.

Among the main countries of destination, the UK, with a CAGR of +72.4%, 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 average vulcanised rubber erases export price amounted to $X per ton, surging by 35% against the previous year. Over the period under review, the export price continues to indicate a remarkable increase. The most prominent rate of growth was recorded in 2020 when the average export price increased by 39% against the previous year. The export price peaked in 2021 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to France ($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 Hungary (+98.7%), while the prices for the other major destinations experienced more modest paces of growth.

Vulcanised Rubber Erases Imports

Imports into Belgium

In 2021, overseas purchases of erasers of vulcanised rubber decreased by -1.4% to X tons, falling for the second consecutive year after four years of growth. Overall, imports recorded a drastic downturn. The most prominent rate of growth was recorded in 2016 with an increase of 53%. 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, vulcanised rubber erases imports skyrocketed to $X in 2021. In general, imports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when imports increased by 48%. Imports peaked in 2021 and are likely to see steady growth in years to come.

Imports by Country

The Netherlands (X tons), China (X tons) and France (X tons) were the main suppliers of vulcanised rubber erases imports to Belgium, together accounting for 82% of total imports. These countries were followed by Germany, Italy, Japan and Spain, which together accounted for a further 15%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Japan (with a CAGR of +140.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest vulcanised rubber erases suppliers to Belgium were China ($X), the Netherlands ($X) and France ($X), together comprising 72% of total imports. Germany, Japan, Italy and Spain lagged somewhat behind, together accounting for a further 21%.

Japan, with a CAGR of +136.8%, recorded the highest rates of growth with regard to 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

In 2021, the average vulcanised rubber erases import price amounted to $X per ton, surging by 25% against the previous year. Over the period under review, import price indicated a resilient increase from 2012 to 2021: its price increased at an average annual rate of +6.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, vulcanised rubber erases import price increased by +75.1% against 2016 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Japan ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+10.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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