Benelux: Market for Extruded Solid Rubber Rods And Profiles 2024

Market Size for Extruded Solid Rubber Rods And Profiles in Benelux

In 2022, the Benelux extruded solid rubber rod market decreased by -0.7% to $X, falling for the second year in a row after three years of growth. In general, consumption recorded a slight setback. The most prominent rate of growth was recorded in 2018 when the market value increased by 6.7% against the previous year. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Production of Extruded Solid Rubber Rods And Profiles in Benelux

In value terms, extruded solid rubber rod production rose remarkably to $X in 2022 estimated in export price. In general, production, however, showed a slight contraction. The pace of growth appeared the most rapid in 2017 when the production volume increased by 14%. The level of production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Exports of Extruded Solid Rubber Rods And Profiles

Exports in Benelux

After two years of growth, overseas shipments of extruded solid rubber rods and profiles decreased by -6.2% to X tons in 2022. Over the period under review, exports recorded a abrupt decline. The most prominent rate of growth was recorded in 2021 when exports increased by 15% against the previous year. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, extruded solid rubber rod exports shrank to $X in 2022. Overall, exports saw a deep setback. The growth pace was the most rapid in 2021 when exports increased by 19%. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

The Netherlands was the largest exporter of extruded solid rubber rods and profiles in Benelux, with the volume of exports accounting for X tons, which was approx. 60% of total exports in 2022. It was distantly followed by Belgium (X tons), comprising a 39% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by the Netherlands (with a CAGR of -15.3%).

In value terms, the Netherlands ($X) and Belgium ($X) were the countries with the highest levels of exports in 2022.

Among the main exporting countries, the Netherlands, with a CAGR of -11.1%, recorded the highest growth rate of the value of exports, over the period under review.

Export Prices by Country

The export price in Benelux stood at $X per ton in 2022, with an increase of 2.9% against the previous year. Export price indicated a prominent increase from 2012 to 2022: its price increased at an average annual rate of +5.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, extruded solid rubber rod export price decreased by -5.8% against 2019 indices. The most prominent rate of growth was recorded in 2013 an increase of 22%. Over the period under review, the export prices attained the maximum at $X per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while Belgium stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+5.8%).

Imports of Extruded Solid Rubber Rods And Profiles

Imports in Benelux

In 2022, the amount of extruded solid rubber rods and profiles imported in Benelux fell to X tons, waning by -7.1% against the previous year. In general, imports recorded a deep downturn. The pace of growth appeared the most rapid in 2016 when imports increased by 59%. Over the period under review, imports reached the maximum at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, extruded solid rubber rod imports expanded significantly to $X in 2022. Overall, imports recorded a abrupt decrease. The pace of growth was the most pronounced in 2018 with an increase of 25%. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Belgium represented the main importer of extruded solid rubber rods and profiles in Benelux, with the volume of imports reaching X tons, which was approx. 59% of total imports in 2022. It was distantly followed by the Netherlands (X tons) and Luxembourg (X tons), together generating a 41% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Luxembourg (with a CAGR of +7.3%), while imports for the other leaders experienced a decline in the imports figures.

In value terms, the largest extruded solid rubber rod importing markets in Benelux were the Netherlands ($X), Belgium ($X) and Luxembourg ($X).

Luxembourg, with a CAGR of +4.3%, saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

In 2022, the import price in Benelux amounted to $X per ton, with an increase of 20% against the previous year. Import price indicated temperate growth from 2012 to 2022: its price increased at an average annual rate of +2.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, extruded solid rubber rod import price increased by +75.2% against 2019 indices. The growth pace was the most rapid in 2021 when the import price increased by 28% against the previous year. Over the period under review, import prices reached the peak figure in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the Netherlands ($X per ton), while Belgium ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+8.0%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform