EU: Reclaimed Rubber Market 2024

Reclaimed Rubber Market Size in the EU

The EU reclaimed rubber market skyrocketed to $X in 2021, rising by 157% against the previous year. In general, consumption enjoyed a strong expansion. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Reclaimed Rubber Production in the EU

In value terms, reclaimed rubber production skyrocketed to $X in 2021 estimated in export price. In general, production saw prominent growth. As a result, production reached the peak level and is likely to continue growth in the immediate term.

Reclaimed Rubber Exports

Exports in the EU

In 2021, reclaimed rubber exports in the European Union skyrocketed to X tons, surging by 38% compared with the previous year. The total export volume increased at an average annual rate of +5.5% 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, reclaimed rubber exports skyrocketed to $X in 2021. The total export value increased at an average annual rate of +1.3% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when exports increased by 34%. Over the period under review, the exports attained the peak figure at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

In 2021, the Netherlands (X tons), distantly followed by Portugal (X tons), Croatia (X tons), Germany (X tons), Austria (X tons), Italy (X tons), Belgium (X tons) and the Czech Republic (X tons) represented the largest exporters of reclaimed rubber, together achieving 89% of total exports.

Exports from the Netherlands increased at an average annual rate of +3.3% from 2012 to 2021. At the same time, Croatia (+115.7%), Portugal (+30.7%), Belgium (+9.9%), Italy (+5.2%) and Austria (+3.9%) displayed positive paces of growth. Moreover, Croatia emerged as the fastest-growing exporter exported in the European Union, with a CAGR of +115.7% from 2012-2021. The Czech Republic experienced a relatively flat trend pattern. By contrast, Germany (-1.6%) illustrated a downward trend over the same period. While the share of Croatia (+12 p.p.), Portugal (+11 p.p.) and Belgium (+2.3 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of the Czech Republic (-2.9 p.p.), the Netherlands (-5.7 p.p.) and Germany (-8 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the Netherlands ($X) remains the largest reclaimed rubber supplier in the European Union, comprising 34% of total exports. The second position in the ranking was taken by the Czech Republic ($X), with a 14% share of total exports. It was followed by Germany, with an 11% share.

In the Netherlands, reclaimed rubber exports contracted by an average annual rate of -2.4% over the period from 2012-2021. In the other countries, the average annual rates were as follows: the Czech Republic (+16.1% per year) and Germany (-3.4% per year).

Export Prices by Country

The export price in the European Union stood at $X per ton in 2021, reducing by -14.4% against the previous year. Overall, the export price saw a pronounced setback. The most prominent rate of growth was recorded in 2017 an increase of 30%. Over the period under review, the export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the Czech Republic ($X per ton), while Austria ($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 (+16.0%), while the other leaders experienced mixed trends in the export price figures.

Reclaimed Rubber Imports

Imports in the EU

In 2021, after three years of decline, there was significant growth in purchases abroad of reclaimed rubber, when their volume increased by 53% to X tons. Overall, imports saw a relatively flat trend pattern. Over the period under review, imports attained the maximum at X tons in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

In value terms, reclaimed rubber imports soared to $X in 2021. Total imports indicated moderate 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. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

The purchases of the three major importers of reclaimed rubber, namely the Czech Republic, the Netherlands and Germany, represented more than half of total import. Romania (X tons) took the next position in the ranking, followed by France (X tons), Portugal (X tons) and Croatia (X tons). All these countries together took near 21% share of total imports. Spain (X tons), Slovakia (X tons), Italy (X tons), Belgium (X tons), Poland (X tons) and Hungary (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Croatia (with a CAGR of +64.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest reclaimed rubber importing markets in the European Union were the Netherlands ($X), Germany ($X) and the Czech Republic ($X), with a combined 52% share of total imports. Romania, Italy, Belgium, Spain, France, Portugal, Hungary, Poland, Slovakia and Croatia lagged somewhat behind, together comprising a further 41%.

In terms of the main importing countries, Croatia, with a CAGR of +51.5%, saw 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 import price in the European Union amounted to $X per ton, increasing by 7.5% against the previous year. Over the last nine years, it increased at an average annual rate of +2.5%. The most prominent rate of growth was recorded in 2018 when the import price increased by 9.7%. The level of import peaked in 2021 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Italy ($X per ton), while Croatia ($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 Netherlands (+13.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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