EU: Vulcanised Rubber Erases Market 2024

Vulcanised Rubber Erases Market Size in the EU

In 2021, the EU vulcanised rubber erases market decreased by -5.7% to $X, falling for the third year in a row after three years of growth. The total consumption indicated tangible growth from 2012 to 2021: its value increased at an average annual rate of +3.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -21.2% against 2018 indices. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Vulcanised Rubber Erases Production in the EU

In value terms, vulcanised rubber erases production expanded slightly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.9% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2018 with an increase of 31%. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Vulcanised Rubber Erases Exports

Exports in the EU

In 2021, the amount of erasers of vulcanised rubber exported in the European Union skyrocketed to X tons, jumping by 24% compared with the previous year's figure. The total export volume increased at an average annual rate of +3.1% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, vulcanised rubber erases exports soared to $X in 2021. Overall, exports enjoyed resilient growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2021, the Netherlands (X tons) and Spain (X tons) were the major exporters of erasers of vulcanised rubber in the European Union, together achieving 42% of total exports. Poland (X tons) took a 13% share (based on physical terms) of total exports, which put it in second place, followed by the Czech Republic (11%), France (10%) and Germany (9.2%). Slovakia (X tons) held a little share of total exports.

From 2012 to 2021, the biggest increases were recorded for the Netherlands (with a CAGR of +28.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), the Netherlands ($X) and Spain ($X) appeared to be the countries with the highest levels of exports in 2021, with a combined 57% share of total exports.

In terms of the main exporting countries, Poland, with a CAGR of +46.3%, saw the highest rates of growth with regard to the value of exports, 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 the European Union stood at $X per ton in 2021, growing by 16% against the previous year. Export price indicated a prominent expansion from 2012 to 2021: its price increased at an average annual rate of +5.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, vulcanised rubber erases export price increased by +80.7% against 2016 indices. The growth pace was the most rapid in 2020 when the export price increased by 27% against the previous year. The level of export peaked in 2021 and is likely to continue growth in the near future.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Poland ($X per ton), while Slovakia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+19.1%), while the other leaders experienced more modest paces of growth.

Vulcanised Rubber Erases Imports

Imports in the EU

In 2021, overseas purchases of erasers of vulcanised rubber decreased by -3.1% to X tons, falling for the third year in a row after three years of growth. The total import volume increased at an average annual rate of +2.1% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2016 with an increase of 27% against the previous year. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, vulcanised rubber erases imports expanded notably to $X in 2021. Total imports indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +5.2% 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 +58.1% against 2015 indices. The growth pace was the most rapid in 2016 when imports increased by 23%. The level of import peaked in 2021 and is likely to see gradual growth in years to come.

Imports by Country

The countries with the highest levels of vulcanised rubber erases imports in 2021 were the Netherlands (X tons), Germany (X tons), France (X tons), Poland (X tons) and Italy (X tons), together finishing at 58% of total import. It was distantly followed by Spain (X tons), Denmark (X tons) and Slovakia (X tons), together making up a 15% share of total imports. Sweden (X tons), the Czech Republic (X tons), Austria (X tons), Belgium (X tons) and Greece (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Slovakia (with a CAGR of +18.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, France ($X), Poland ($X) and Germany ($X) appeared to be the countries with the highest levels of imports in 2021, with a combined 36% share of total imports.

Poland, with a CAGR of +24.1%, saw 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

In 2021, the import price in the European Union amounted to $X per ton, picking up by 14% against the previous year. Over the last nine-year period, it increased at an average annual rate of +3.0%. As a result, import price attained 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 Czech Republic ($X per ton), while Denmark ($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 Czech Republic (+12.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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