Benelux: Non-Reinforced Rubber Tubing Market 2024

Non-Reinforced Rubber Tubing Market Size in Benelux

In 2021, after two years of growth, there was decline in the Benelux non-reinforced rubber tubing market, when its value decreased by -2.1% to $X. Overall, consumption, however, enjoyed a resilient increase. As a result, consumption reached the peak level of $X, and then declined in the following year.

Non-Reinforced Rubber Tubing Production in Benelux

In value terms, non-reinforced rubber tubing production dropped markedly to $X in 2021 estimated in export price. In general, production, however, recorded a strong increase. The pace of growth was the most pronounced in 2020 when the production volume increased by 144%. As a result, production reached the peak level of $X, and then dropped sharply in the following year.

Non-Reinforced Rubber Tubing Exports

Exports in Benelux

Non-reinforced rubber tubing exports reduced rapidly to X tons in 2021, waning by -34.7% on the year before. Overall, exports, however, showed resilient growth. The most prominent rate of growth was recorded in 2020 with an increase of 134% against the previous year. As a result, the exports attained the peak of X tons, and then contracted dramatically in the following year.

In value terms, non-reinforced rubber tubing exports fell sharply to $X in 2021. In general, exports, however, showed resilient growth. The pace of growth appeared the most rapid in 2020 with an increase of 100%. As a result, the exports attained the peak of $X, and then declined markedly in the following year.

Exports by Country

The Netherlands (X tons) and Belgium (X tons) dominates exports structure, together mixing up 96% of total exports. Luxembourg (X tons) held a little share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Luxembourg (with a CAGR of +25.4%), while the other leaders experienced more modest paces of growth.

In value terms, the largest non-reinforced rubber tubing supplying countries in Benelux were Belgium ($X), the Netherlands ($X) and Luxembourg ($X).

Luxembourg, with a CAGR of +12.8%, recorded the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Benelux stood at $X per ton in 2021, picking up by 28% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The level of export peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Belgium ($X per ton), while Luxembourg ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+2.8%), while the other leaders experienced a decline in the export price figures.

Non-Reinforced Rubber Tubing Imports

Imports in Benelux

In 2021, purchases abroad of rubber tubing not reinforced increased by 5.5% to X tons, rising for the second consecutive year after two years of decline. Total imports indicated a buoyant expansion from 2012 to 2021: its volume increased at an average annual rate of +6.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +26.1% against 2019 indices. The pace of growth appeared the most rapid in 2017 with an increase of 33% against the previous year. As a result, imports reached the peak of X tons. From 2018 to 2021, the growth of imports failed to regain momentum.

In value terms, non-reinforced rubber tubing imports soared to $X in 2021. Total imports indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +5.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2017 when imports increased by 31%. The level of import peaked in 2021 and is likely to see gradual growth in the near future.

Imports by Country

In 2021, Belgium (X tons) and the Netherlands (X tons) were the key importers of rubber tubing not reinforced in Benelux, together constituting 79% of total imports. It was distantly followed by Luxembourg (X tons), constituting a 21% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Luxembourg (with a CAGR of +25.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X), the Netherlands ($X) and Luxembourg ($X) appeared to be the countries with the highest levels of imports in 2021.

Luxembourg, with a CAGR of +11.1%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Benelux stood at $X per ton in 2021, picking up by 17% against the previous year. Overall, the import price, however, showed a slight slump. The pace of growth was the most pronounced in 2018 when the import price increased by 19%. Over the period under review, import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was the Netherlands ($X per ton), while Luxembourg ($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 Netherlands (+2.2%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform