Belgium: Reclaimed Rubber Market 2024

Reclaimed Rubber Market Size in Belgium

In 2021, the Belgian reclaimed rubber market decreased by -35.9% to $X, falling for the second year in a row after two years of growth. Overall, consumption recorded a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2020 to 2021, the growth of the market remained at a lower figure.

Reclaimed Rubber Production in Belgium

In value terms, reclaimed rubber production declined slightly to $X in 2021 estimated in export price. Overall, production, however, enjoyed a buoyant expansion. The pace of growth appeared the most rapid in 2019 when the production volume increased by 75% against the previous year. Reclaimed rubber production peaked at $X in 2020, and then declined slightly in the following year.

Reclaimed Rubber Exports

Exports from Belgium

In 2021, exports of reclaimed rubber from Belgium skyrocketed to X tons, with an increase of 27% on 2020. Overall, exports continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2013 when exports increased by 71% against the previous year. Over the period under review, the exports attained the maximum in 2021 and are expected to retain growth in the immediate term.

In value terms, reclaimed rubber exports declined to $X in 2021. In general, exports recorded a remarkable increase. The most prominent rate of growth was recorded in 2013 when exports increased by 208% against the previous year. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

Sri Lanka (X tons), France (X tons) and Thailand (X tons) were the main destinations of reclaimed rubber exports from Belgium, together accounting for 55% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Sri Lanka (with a CAGR of +222.8%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Sweden ($X) and France ($X) were the largest markets for reclaimed rubber exported from Belgium worldwide, together accounting for 37% of total exports. These countries were followed by Thailand, Brazil, the Netherlands, Spain, Sri Lanka and Indonesia, which together accounted for a further 30%.

Among the main countries of destination, Sri Lanka, with a CAGR of +309.6%, 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

The average reclaimed rubber export price stood at $X per ton in 2021, reducing by -30.5% against the previous year. Over the period under review, the export price continues to indicate a pronounced curtailment. The pace of growth appeared the most rapid in 2013 when the average export price increased by 81% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2014; however, from 2015 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 Brazil ($X per ton), while the average price for exports to Sri Lanka ($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 Sri Lanka (+27.9%), while the prices for the other major destinations experienced more modest paces of growth.

Reclaimed Rubber Imports

Imports into Belgium

In 2021, the amount of reclaimed rubber imported into Belgium reduced notably to X tons, which is down by -41.4% compared with 2020. Over the period under review, imports recorded a abrupt decrease. The most prominent rate of growth was recorded in 2015 when imports increased by 197% against the previous year. Over the period under review, imports hit record highs at X tons in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, reclaimed rubber imports dropped rapidly to $X in 2021. In general, imports saw a noticeable setback. The most prominent rate of growth was recorded in 2015 with an increase of 132%. Imports peaked at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

Germany (X tons), France (X tons) and the Netherlands (X tons) were the main suppliers of reclaimed rubber imports to Belgium, with a combined 66% share of total imports. These countries were followed by Portugal, India, the Czech Republic, China and the UK, which together accounted for a further 28%.

From 2012 to 2021, the biggest increases were recorded for China (with a CAGR of +29.4%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, China ($X), France ($X) and Germany ($X) constituted the largest reclaimed rubber suppliers to Belgium, together comprising 75% of total imports.

China, with a CAGR of +61.9%, 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 reclaimed rubber import price stood at $X per ton in 2021, increasing by 41% against the previous year. Overall, import price indicated a resilient increase from 2012 to 2021: its price increased at an average annual rate of +10.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, reclaimed rubber import price increased by +112.9% against 2015 indices. The most prominent rate of growth was recorded in 2013 when the average import price increased by 44% against the previous year. The import price peaked in 2021 and is likely to see steady growth in the near future.

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 China ($X per ton), while the price for Portugal ($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 (+25.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :