Benelux: Unvulcanized Rubber Market 2024

Unvulcanized Rubber Market Size in Benelux

The Benelux unvulcanized rubber market was finally on the rise to reach $X in 2022, after three years of decline. In general, consumption, however, recorded a relatively flat trend pattern. The level of consumption peaked at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Unvulcanized Rubber Production in Benelux

In value terms, unvulcanized rubber production reached $X in 2022 estimated in export price. Over the period under review, production, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the production volume increased by 13% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2022, production growth failed to regain momentum.

Unvulcanized Rubber Exports

Exports in Benelux

In 2022, shipments abroad of unvulcanized rubber and articles thereof decreased by -25.2% to X tons, falling for the second consecutive year after five years of growth. In general, exports recorded a perceptible reduction. The most prominent rate of growth was recorded in 2020 when exports increased by 13% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, unvulcanized rubber exports reduced markedly to $X in 2022. Overall, exports recorded a noticeable slump. The growth pace was the most rapid in 2020 with an increase of 28% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The Netherlands (X tons) and Belgium (X tons) prevails in exports structure, together achieving 96% of total exports. Luxembourg (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of +0.4%), while shipments for the other leaders experienced a decline in the exports figures.

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

The Netherlands, with a CAGR of -1.0%, 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 a decline in the exports figures.

Export Prices by Country

The export price in Benelux stood at $X per ton in 2022, waning by -4.1% against the previous year. In general, the export price saw a slight downturn. The pace of growth appeared the most rapid in 2021 when the export price increased by 15% against the previous year. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, 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 2022, the most notable rate of growth in terms of prices was attained by Belgium (-0.6%), while the other leaders experienced a decline in the export price figures.

Unvulcanized Rubber Imports

Imports in Benelux

In 2022, overseas purchases of unvulcanized rubber and articles thereof decreased by -12.8% to X tons, falling for the second consecutive year after five years of growth. Overall, imports saw a noticeable reduction. The pace of growth was the most pronounced in 2018 with an increase of 17% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, unvulcanized rubber imports fell to $X in 2022. In general, imports recorded a pronounced setback. The most prominent rate of growth was recorded in 2020 when imports increased by 17%. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Belgium (X tons) and the Netherlands (X tons) represented the major importers of unvulcanized rubber and articles thereof in 2022, reaching near 50% and 39% of total imports, respectively. It was distantly followed by Luxembourg (X tons), making up an 11% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Belgium (with a CAGR of -3.2%), while imports for the other leaders experienced a decline in the imports figures.

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

In terms of the main importing countries, the Netherlands, with a CAGR of -1.3%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

The import price in Benelux stood at $X per ton in 2022, surging by 3.8% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.1%. The most prominent rate of growth was recorded in 2021 when the import price increased by 11%. Over the period under review, import prices attained the peak figure in 2022 and is likely to see gradual growth in years to come.

Average prices varied somewhat amongst the major importing countries. In 2022, 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 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+2.2%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform