Benelux: Unvulcanised Rubber Market 2024

Unvulcanised Rubber Market Size in Benelux

The Benelux unvulcanised rubber market was finally on the rise to reach $X in 2021, after two years of decline. The total consumption indicated a mild expansion from 2012 to 2021: its value increased at an average annual rate of +1.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -2.5% against 2018 indices. Over the period under review, the market attained the peak level at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Unvulcanised Rubber Production in Benelux

In value terms, unvulcanised rubber production contracted to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.2% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2017 with an increase of 44%. Over the period under review, production reached the peak level at $X in 2020, and then declined slightly in the following year.

Unvulcanised Rubber Exports

Exports in Benelux

In 2021, approx. X tons of unvulcanised rubber were exported in Benelux; which is down by -23.1% compared with the previous year. In general, exports recorded a mild downturn. The most prominent rate of growth was recorded in 2020 when exports increased by 45% against the previous year. The volume of export peaked at X tons in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, unvulcanised rubber exports reduced to $X in 2021. Overall, exports recorded a pronounced decline. The pace of growth was the most pronounced in 2020 when exports increased by 64%. Over the period under review, the exports attained the peak figure at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

In 2021, Belgium (X tons) was the main exporter of unvulcanised rubber, making up 74% of total exports. It was distantly followed by the Netherlands (X tons), committing a 26% share of total exports.

Belgium was also the fastest-growing in terms of the unvulcanised rubber exports, with a CAGR of -1.3% from 2012 to 2021. The Netherlands (-2.0%) illustrated a downward trend over the same period. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Belgium ($X) remains the largest unvulcanised rubber supplier in Benelux, comprising 82% of total exports. The second position in the ranking was held by the Netherlands ($X), with an 18% share of total exports.

In Belgium, unvulcanised rubber exports decreased by an average annual rate of -1.9% over the period from 2012-2021.

Export Prices by Country

The export price in Benelux stood at $X per ton in 2021, growing by 11% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 an increase of 13%. Over the period under review, the export prices hit record highs at $X per ton in 2013; however, from 2014 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 the Netherlands totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (-0.6%).

Unvulcanised Rubber Imports

Imports in Benelux

After three years of growth, overseas purchases of unvulcanised rubber decreased by -38.1% to X tons in 2021. Overall, imports showed a abrupt downturn. The most prominent rate of growth was recorded in 2020 when imports increased by 25%. Over the period under review, imports hit record highs at X tons in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

In value terms, unvulcanised rubber imports shrank notably to $X in 2021. In general, imports continue to indicate a abrupt setback. The pace of growth was the most pronounced in 2020 when imports increased by 35%. The level of import peaked at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Belgium represented the main importing country with an import of about X tons, which finished at 67% of total imports. It was distantly followed by Luxembourg (X tons) and the Netherlands (X tons), together making up a 33% share of total imports.

From 2012 to 2021, average annual rates of growth with regard to unvulcanised rubber imports into Belgium stood at -8.6%. At the same time, Luxembourg (+8.4%) displayed positive paces of growth. Moreover, Luxembourg emerged as the fastest-growing importer imported in Benelux, with a CAGR of +8.4% from 2012-2021. By contrast, the Netherlands (-7.5%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Luxembourg increased by +17 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Belgium ($X) constitutes the largest market for imported unvulcanised rubber in Benelux, comprising 68% of total imports. The second position in the ranking was taken by Luxembourg ($X), with a 19% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value in Belgium amounted to -6.6%. In the other countries, the average annual rates were as follows: Luxembourg (+5.7% per year) and the Netherlands (-5.7% per year).

Import Prices by Country

In 2021, the import price in Benelux amounted to $X per ton, growing by 23% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.5%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: 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 Belgium (+2.2%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform