Czech Republic: Vulcanised Rubber Thread Market 2024

Vulcanised Rubber Thread Market Size in the Czech Republic

For the fourth year in a row, the Czech vulcanised rubber thread market recorded decline in sales value, which decreased by -22.8% to $X in 2021. In general, consumption, however, showed a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2018 to 2021, the growth of the market remained at a somewhat lower figure.

Vulcanised Rubber Thread Exports

Exports from the Czech Republic

In 2021, approx. X tons of vulcanised rubber thread and cord were exported from the Czech Republic; jumping by 44% compared with 2020 figures. Over the period under review, exports posted a resilient expansion. The pace of growth was the most pronounced in 2014 when exports increased by 124%. The exports peaked at X tons in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

In value terms, vulcanised rubber thread exports stood at $X in 2021. Overall, exports posted buoyant growth. The pace of growth appeared the most rapid in 2020 when exports increased by 49%. The exports peaked at $X in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Russia (X tons), Thailand (X tons) and Slovakia (X tons) were the main destinations of vulcanised rubber thread exports from the Czech Republic, together comprising 59% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Thailand (with a CAGR of +244.2%), while the other leaders experienced more modest paces of growth.

In value terms, Thailand ($X) emerged as the key foreign market for vulcanised rubber thread and cord exports from the Czech Republic, comprising 27% of total exports. The second position in the ranking was held by Russia ($X), with a 13% share of total exports. It was followed by Slovakia, with a 12% share.

From 2012 to 2021, the average annual growth rate of value to Thailand amounted to +288.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (+38.3% per year) and Slovakia (+7.5% per year).

Export Prices by Country

In 2021, the average vulcanised rubber thread export price amounted to $X per ton, reducing by -22.6% against the previous year. Over the period under review, the export price showed a slight setback. The growth pace was the most rapid in 2020 an increase of 101%. As a result, the export price attained the peak level of $X per ton, and then contracted dramatically in the following year.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Thailand ($X per ton), while the average price for exports to the United States ($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 Thailand (+13.7%), while the prices for the other major destinations experienced more modest paces of growth.

Vulcanised Rubber Thread Imports

Imports into the Czech Republic

In 2021, the amount of vulcanised rubber thread and cord imported into the Czech Republic fell markedly to X tons, reducing by -25.8% against the previous year. Overall, total imports indicated a slight expansion from 2012 to 2021: its volume increased at an average annual rate of +1.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -37.4% against 2017 indices. The most prominent rate of growth was recorded in 2015 with an increase of 38% against the previous year. Imports peaked at X tons in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

In value terms, vulcanised rubber thread imports shrank rapidly to $X in 2021. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when imports increased by 36% against the previous year. As a result, imports reached the peak of $X. From 2018 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, Germany (X tons) constituted the largest supplier of vulcanised rubber thread to the Czech Republic, accounting for a 54% share of total imports. Moreover, vulcanised rubber thread imports from Germany exceeded the figures recorded by the second-largest supplier, Malaysia (X tons), twofold. The third position in this ranking was taken by Italy (X tons), with an 8.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany stood at +16.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (-11.4% per year) and Italy (+90.6% per year).

In value terms, Germany ($X) constituted the largest supplier of vulcanised rubber thread and cord to the Czech Republic, comprising 63% of total imports. The second position in the ranking was taken by Malaysia ($X), with a 13% share of total imports. It was followed by Italy, with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany stood at +5.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (-14.2% per year) and Italy (+62.3% per year).

Import Prices by Country

In 2021, the average vulcanised rubber thread import price amounted to $X per ton, rising by 13% against the previous year. Over the period under review, the import price, however, showed a slight curtailment. The most prominent rate of growth was recorded in 2016 an increase of 33%. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per ton), while the price for Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+10.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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