Benelux: Reclaimed Rubber Market 2024

Reclaimed Rubber Market Size in Benelux

In 2021, the Benelux reclaimed rubber market decreased by -29% to $X, falling for the second year in a row after two years of growth. Overall, consumption, however, saw notable growth. As a result, consumption reached the peak level of $X. From 2020 to 2021, the growth of the market remained at a somewhat lower figure.

Reclaimed Rubber Production in Benelux

In value terms, reclaimed rubber production dropped to $X in 2021 estimated in export price. The total production indicated a pronounced expansion from 2012 to 2021: its value increased at an average annual rate of +2.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +80.8% against 2013 indices. The pace of growth was the most pronounced in 2018 when the production volume increased by 41%. The level of production peaked at $X in 2020, and then fell in the following year.

Reclaimed Rubber Exports

Exports in Benelux

In 2021, the amount of reclaimed rubber exported in Benelux soared to X tons, growing by 36% compared with the previous year's figure. Total exports indicated temperate growth from 2012 to 2021: its volume increased at an average annual rate of +4.4% 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 +72.0% against 2019 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, reclaimed rubber exports rose notably to $X in 2021. In general, exports, however, showed a slight decline. The pace of growth was the most pronounced in 2018 when exports increased by 30%. Over the period under review, the exports attained the maximum at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The Netherlands was the key exporter of reclaimed rubber in Benelux, with the volume of exports accounting for X tons, which was approx. 79% of total exports in 2021. It was distantly followed by Belgium (X tons), making up a 21% share of total exports.

Exports from the Netherlands increased at an average annual rate of +3.3% from 2012 to 2021. At the same time, Belgium (+9.9%) displayed positive paces of growth. Moreover, Belgium emerged as the fastest-growing exporter exported in Benelux, with a CAGR of +9.9% from 2012-2021. Belgium (+7.9 p.p.) significantly strengthened its position in terms of the total exports, while the Netherlands saw its share reduced by -7.9% from 2012 to 2021, respectively.

In value terms, the Netherlands ($X) remains the largest reclaimed rubber supplier in Benelux, comprising 81% of total exports. The second position in the ranking was taken by Belgium ($X), with a 19% share of total exports.

From 2012 to 2021, the average annual growth rate of value in the Netherlands amounted to -2.4%.

Export Prices by Country

The export price in Benelux stood at $X per ton in 2021, dropping by -19.6% against the previous year. Overall, the export price showed a abrupt slump. The most prominent rate of growth was recorded in 2013 an increase of 8.4% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2014 to 2021, the export prices failed to regain momentum.

Average prices varied noticeably amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while Belgium amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (-4.4%).

Reclaimed Rubber Imports

Imports in Benelux

After three years of decline, supplies from abroad of reclaimed rubber increased by 110% to X tons in 2021. Total imports indicated a slight expansion from 2012 to 2021: its volume increased at an average annual rate of +1.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -19.8% against 2017 indices. Over the period under review, imports attained the peak figure at X tons in 2017; however, from 2018 to 2021, imports remained at a lower figure.

In value terms, reclaimed rubber imports skyrocketed to $X in 2021. Overall, imports posted a buoyant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The Netherlands represented the largest importer of reclaimed rubber in Benelux, with the volume of imports accounting for X tons, which was near 87% of total imports in 2021. It was distantly followed by Belgium (X tons), comprising a 13% share of total imports.

The Netherlands was also the fastest-growing in terms of the reclaimed rubber imports, with a CAGR of +7.6% from 2012 to 2021. Belgium (-12.0%) illustrated a downward trend over the same period. From 2012 to 2021, the share of the Netherlands increased by +35 percentage points.

In value terms, the Netherlands ($X) constitutes the largest market for imported reclaimed rubber in Benelux, comprising 83% of total imports. The second position in the ranking was held by Belgium ($X), with a 17% share of total imports.

In the Netherlands, reclaimed rubber imports increased at an average annual rate of +22.0% over the period from 2012-2021.

Import Prices by Country

In 2021, the import price in Benelux amounted to $X per ton, with an increase of 1.8% against the previous year. Over the period under review, the import price posted a remarkable increase. The growth pace was the most rapid in 2015 when the import price increased by 43% against the previous year. Over the period under review, import prices hit record highs in 2021 and is expected to retain growth in years to come.

Average prices varied somewhat amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Belgium ($X per ton), while the Netherlands totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+13.5%).

Source: IndexBox Platform