Belgium: Unvulcanised Rubber Market 2024

Unvulcanised Rubber Market Size in Belgium

The Belgian unvulcanised rubber market rose sharply to $X in 2021, growing by 14% against the previous year. In general, consumption, however, recorded a noticeable expansion. Over the period under review, the market attained the peak level at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Unvulcanised Rubber Production in Belgium

In value terms, unvulcanised rubber production shrank to $X in 2021 estimated in export price. Over the period under review, the total production indicated a notable increase from 2012 to 2021: its value increased at an average annual rate of +4.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +74.6% against 2016 indices. The most prominent rate of growth was recorded in 2017 when the production volume increased by 37% against the previous year. Unvulcanised rubber production peaked at $X in 2020, and then reduced in the following year.

Unvulcanised Rubber Exports

Exports from Belgium

In 2021, approx. X tons of unvulcanised rubber were exported from Belgium; with a decrease of -29.9% on 2020. Over the period under review, exports saw a mild reduction. The most prominent rate of growth was recorded in 2020 when exports increased by 101%. Over the period under review, the exports reached the peak figure at X tons in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, unvulcanised rubber exports fell significantly to $X in 2021. In general, exports recorded a mild contraction. The growth pace was the most rapid in 2020 when exports increased by 101% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

Germany (X tons) was the main destination for unvulcanised rubber exports from Belgium, with a 43% share of total exports. Moreover, unvulcanised rubber exports to Germany exceeded the volume sent to the second major destination, Poland (X tons), fivefold. The third position in this ranking was taken by the Czech Republic (X tons), with a 7.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Germany was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (+13.8% per year) and the Czech Republic (+4.8% per year).

In value terms, Germany ($X) remains the key foreign market for unvulcanised rubber exports from Belgium, comprising 42% of total exports. The second position in the ranking was held by Poland ($X), with an 8.3% share of total exports. It was followed by the Czech Republic, with a 7.2% share.

From 2012 to 2021, the average annual growth rate of value to Germany totaled -1.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (+13.9% per year) and the Czech Republic (+2.8% per year).

Export Prices by Country

The average unvulcanised rubber export price stood at $X per ton in 2021, with an increase of 14% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The export price peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Turkey ($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 France (+0.6%), while the prices for the other major destinations experienced more modest paces of growth.

Unvulcanised Rubber Imports

Imports into Belgium

In 2021, purchases abroad of unvulcanised rubber decreased by -45% to X tons for the first time since 2016, thus ending a four-year rising trend. Over the period under review, imports recorded a deep setback. The most prominent rate of growth was recorded in 2020 with an increase of 41% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

In value terms, unvulcanised rubber imports fell dramatically to $X in 2021. In general, imports showed a abrupt descent. The growth pace was the most rapid in 2020 with an increase of 48%. Imports peaked at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, the UK (X tons) constituted the largest supplier of unvulcanised rubber to Belgium, with a 63% share of total imports. Moreover, unvulcanised rubber imports from the UK exceeded the figures recorded by the second-largest supplier, the United States (X tons), fourfold. The third position in this ranking was taken by Poland (X tons), with a 7.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the UK stood at -8.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+1.3% per year) and Poland (+46.2% per year).

In value terms, the UK ($X) constituted the largest supplier of unvulcanised rubber to Belgium, comprising 62% of total imports. The second position in the ranking was taken by the United States ($X), with a 21% share of total imports. It was followed by Poland, with a 3.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the UK amounted to -5.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+1.0% per year) and Poland (+37.3% per year).

Import Prices by Country

The average unvulcanised rubber import price stood at $X per ton in 2021, growing by 29% against the previous year. Over the last nine-year period, it increased at an average annual rate of +2.2%. 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 the United States ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+3.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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