Czech Republic: Reclaimed Rubber Market 2024

Reclaimed Rubber Market Size in the Czech Republic

For the third year in a row, the Czech reclaimed rubber market recorded growth in sales value, which increased by 13% to $X in 2021. Over the period under review, consumption enjoyed strong growth. Reclaimed rubber consumption peaked in 2021 and is likely to see steady growth in years to come.

Reclaimed Rubber Production in the Czech Republic

In value terms, reclaimed rubber production dropped rapidly to $X in 2021 estimated in export price. In general, production, however, showed strong growth. The most prominent rate of growth was recorded in 2019 when the production volume increased by 424%. Over the period under review, production hit record highs at $X in 2020, and then reduced notably in the following year.

Reclaimed Rubber Exports

Exports from the Czech Republic

After two years of decline, overseas shipments of reclaimed rubber increased by 1% to X tons in 2021. In general, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of 37%. The exports peaked at X tons in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, reclaimed rubber exports rose modestly to $X in 2021. Overall, exports continue to indicate prominent growth. The most prominent rate of growth was recorded in 2017 when exports increased by 145%. Over the period under review, the exports attained the peak figure at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

Germany (X tons) was the main destination for reclaimed rubber exports from the Czech Republic, accounting for a 42% share of total exports. Moreover, reclaimed rubber exports to Germany exceeded the volume sent to the second major destination, Slovakia (X tons), threefold. India (X tons) ranked third in terms of total exports with an 11% share.

From 2012 to 2021, the average annual growth rate of volume to Germany stood at +25.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovakia (+2.0% per year) and India (+7.1% per year).

In value terms, Germany ($X) remains the key foreign market for reclaimed rubber exports from the Czech Republic, comprising 48% of total exports. The second position in the ranking was held by Slovakia ($X), with a 16% share of total exports. It was followed by Hungary, with a 12% share.

From 2012 to 2021, the average annual growth rate of value to Germany amounted to +38.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovakia (+17.6% per year) and Hungary (+32.0% per year).

Export Prices by Country

The average reclaimed rubber export price stood at $X per ton in 2021, rising by 1.6% against the previous year. Over the period under review, the export price continues to indicate a prominent expansion. The pace of growth appeared the most rapid in 2017 when the average export price increased by 115%. The export price peaked in 2021 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Hungary ($X per ton), while the average price for exports to India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Hungary (+15.4%), while the prices for the other major destinations experienced more modest paces of growth.

Reclaimed Rubber Imports

Imports into the Czech Republic

After three years of decline, purchases abroad of reclaimed rubber increased by 32% to X tons in 2021. Overall, total imports indicated a notable increase from 2012 to 2021: its volume increased at an average annual rate of +4.5% 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 -26.3% against 2017 indices. Imports peaked 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. The total import value increased at an average annual rate of +3.9% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Slovakia (X tons) constituted the largest reclaimed rubber supplier to the Czech Republic, with a 44% share of total imports. Moreover, reclaimed rubber imports from Slovakia exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), twofold. India (X tons) ranked third in terms of total imports with a 15% share.

From 2012 to 2021, the average annual growth rate of volume from Slovakia stood at +9.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+0.9% per year) and India (-6.6% per year).

In value terms, the largest reclaimed rubber suppliers to the Czech Republic were the Netherlands ($X), Germany ($X) and India ($X), with a combined 73% share of total imports. These countries were followed by Slovakia, Poland, China, the UK and Romania, which together accounted for a further 22%.

In terms of the main suppliers, the UK, with a CAGR of +96.6%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average reclaimed rubber import price amounted to $X per ton, growing by 3.1% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of 14% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Slovakia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+16.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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