Belgium: Market for Rubber-to-Metal and Moulded Articles 2024

Market Size for Rubber-to-Metal and Moulded Articles in Belgium

In 2021, the Belgian rubber-to-metal and moulded article market increased by 90% to $X for the first time since 2016, thus ending a four-year declining trend. In general, consumption, however, showed a mild downturn. Rubber-to-metal and moulded article consumption peaked at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Production of Rubber-to-Metal and Moulded Articles in Belgium

In value terms, rubber-to-metal and moulded article production reached $X in 2021 estimated in export price. Overall, production, however, saw a abrupt setback. The pace of growth appeared the most rapid in 2018 with an increase of 20% against the previous year. Rubber-to-metal and moulded article production peaked at $X in 2014; however, from 2015 to 2021, production failed to regain momentum.

Exports of Rubber-to-Metal and Moulded Articles

Exports from Belgium

For the fifth consecutive year, Belgium recorded growth in overseas shipments of rubber-to-metal and moulded articles, which increased by 4.1% to X tons in 2021. In general, total exports indicated a remarkable increase from 2012 to 2021: its volume increased at an average annual rate of +9.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +74.6% against 2016 indices. The pace of growth appeared the most rapid in 2013 when exports increased by 57% against the previous year. The exports peaked in 2021 and are expected to retain growth in the near future.

In value terms, rubber-to-metal and moulded article exports expanded sharply to $X in 2021. Over the period under review, total exports indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +11.2% 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 +71.8% against 2016 indices. The pace of growth appeared the most rapid in 2013 with an increase of 108%. Over the period under review, the exports hit record highs in 2021 and are likely to see steady growth in the near future.

Exports by Country

France (X tons), the Netherlands (X tons) and Germany (X tons) were the main destinations of rubber-to-metal and moulded article exports from Belgium, together comprising 44% of total exports. Brazil, China, the UK, Italy, Serbia, India, Russia, Spain, the United States and Romania lagged somewhat behind, together accounting for a further 34%.

From 2012 to 2021, the biggest increases were recorded for Serbia (with a CAGR of +83.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, France ($X), Germany ($X) and China ($X) appeared to be the largest markets for rubber-to-metal and moulded article exported from Belgium worldwide, together accounting for 36% of total exports. Italy, the Netherlands, the United States, India, the UK, Spain, Brazil, Russia, Romania and Serbia lagged somewhat behind, together comprising a further 38%.

Serbia, with a CAGR of +61.2%, saw the highest growth rate of the value of exports, among the main countries of destination 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 rubber-to-metal and moulded article export price amounted to $X per ton, increasing by 8.1% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.4%. The pace of growth was the most pronounced in 2013 an increase of 32% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2014 to 2021, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to the Netherlands ($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 the United States (+9.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Rubber-to-Metal and Moulded Articles

Imports into Belgium

In 2021, approx. X tons of rubber-to-metal and moulded articles were imported into Belgium; with an increase of 78% against the year before. In general, imports continue to indicate prominent growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, rubber-to-metal and moulded article imports soared to $X in 2021. Over the period under review, total imports indicated a perceptible increase from 2012 to 2021: its value increased at an average annual rate of +4.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +51.1% against 2019 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 24% against the previous year. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the near future.

Imports by Country

Germany (X tons), China (X tons) and France (X tons) were the main suppliers of rubber-to-metal and moulded article imports to Belgium, together comprising 61% of total imports. The Netherlands, Turkey, Poland, India, Sweden, the Czech Republic, Spain, the UK, Italy and Ukraine lagged somewhat behind, together accounting for a further 28%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Poland (with a CAGR of +32.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest rubber-to-metal and moulded article suppliers to Belgium were Germany ($X), China ($X) and France ($X), together accounting for 56% of total imports. The Netherlands, Turkey, Italy, Sweden, Poland, Spain, India, the Czech Republic, the UK and Ukraine lagged somewhat behind, together comprising a further 26%.

Poland, with a CAGR of +24.2%, recorded the highest rates of growth with regard to the value of imports, among 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 rubber-to-metal and moulded article import price stood at $X per ton in 2021, with a decrease of -31.4% against the previous year. Over the period under review, the import price showed a abrupt slump. The most prominent rate of growth was recorded in 2013 an increase of 7.9% against the previous year. As a result, import price reached the peak level of $X per ton. From 2014 to 2021, the average import prices remained at a lower figure.

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 Italy ($X per ton), while the price for Ukraine ($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 (-1.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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