EU: Vulcanised Rubber Seal Market 2024

Vulcanised Rubber Seal Market Size in the EU

The EU vulcanised rubber seal market expanded significantly to $X in 2022, surging by 14% against the previous year. The market value increased at an average annual rate of +1.9% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Vulcanised Rubber Seal Production in the EU

In value terms, vulcanised rubber seal production contracted to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.7% over the period from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2014 when the production volume increased by 15%. As a result, production attained the peak level of $X. From 2015 to 2022, production growth remained at a lower figure.

Vulcanised Rubber Seal Exports

Exports in the EU

In 2022, the amount of seals of vulcanised rubber exported in the European Union dropped to X tons, which is down by -6.8% on the previous year. The total export volume increased at an average annual rate of +2.3% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 11% against the previous year. As a result, the exports reached the peak of X tons, and then contracted in the following year.

In value terms, vulcanised rubber seal exports reduced to $X in 2022. The total export value increased at an average annual rate of +2.8% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when exports increased by 20%. As a result, the exports reached the peak of $X, and then declined in the following year.

Exports by Country

Poland (X tons) and Germany (X tons) represented the major exporters of seals of vulcanised rubber in 2022, accounting for near 25% and 25% of total exports, respectively. France (X tons) held the next position in the ranking, followed by Italy (X tons). All these countries together held near 14% share of total exports. The following exporters - the Czech Republic (X tons), the Netherlands (X tons), Hungary (X tons), Slovakia (X tons), Spain (X tons), Romania (X tons), Austria (X tons), Sweden (X tons) and Bulgaria (X tons) - together made up 29% of total exports.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of +6.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the largest vulcanised rubber seal supplier in the European Union, comprising 31% of total exports. The second position in the ranking was taken by France ($X), with a 12% share of total exports. It was followed by Poland, with an 11% share.

In Germany, vulcanised rubber seal exports expanded at an average annual rate of +2.0% over the period from 2012-2022. In the other countries, the average annual rates were as follows: France (-0.0% per year) and Poland (+5.3% per year).

Export Prices by Country

In 2022, the export price in the European Union amounted to $X per ton, almost unchanged from the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the export price increased by 8.5%. As a result, the export price attained the peak level of $X per ton, and then contracted slightly in the following year.

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 Sweden ($X per ton), while Bulgaria ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+4.9%), while the other leaders experienced more modest paces of growth.

Vulcanised Rubber Seal Imports

Imports in the EU

In 2022, approx. X tons of seals of vulcanised rubber were imported in the European Union; shrinking by -4.6% compared with the previous year. The total import volume increased at an average annual rate of +1.4% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The pace of growth was the most pronounced in 2021 when imports increased by 7.8%. The volume of import peaked at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, vulcanised rubber seal imports declined to $X in 2022. The total import value increased at an average annual rate of +2.2% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 20% against the previous year. As a result, imports reached the peak of $X, and then contracted in the following year.

Imports by Country

Germany represented the major importing country with an import of about X tons, which reached 26% of total imports. It was distantly followed by Poland (X tons), France (X tons), Hungary (X tons), the Czech Republic (X tons), Spain (X tons), Romania (X tons) and Belgium (X tons), together mixing up a 50% share of total imports. The Netherlands (X tons), Slovakia (X tons), Italy (X tons), Austria (X tons) and Sweden (X tons) followed a long way behind the leaders.

Imports into Germany increased at an average annual rate of +1.4% from 2012 to 2022. At the same time, Hungary (+10.2%), Spain (+8.7%), Italy (+4.1%), the Netherlands (+3.9%), Romania (+3.0%), Belgium (+2.2%) and France (+1.8%) displayed positive paces of growth. Moreover, Hungary emerged as the fastest-growing importer imported in the European Union, with a CAGR of +10.2% from 2012-2022. Poland, Austria and Slovakia experienced a relatively flat trend pattern. By contrast, Sweden (-2.0%) and the Czech Republic (-6.5%) illustrated a downward trend over the same period. Hungary (+4.4 p.p.) and Spain (+3.3 p.p.) significantly strengthened its position in terms of the total imports, while the Czech Republic saw its share reduced by -8.9% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X) constitutes the largest market for imported seals of vulcanised rubber in the European Union, comprising 31% of total imports. The second position in the ranking was held by France ($X), with a 9.6% share of total imports. It was followed by Poland, with a 7.9% share.

From 2012 to 2022, the average annual growth rate of value in Germany totaled +1.3%. In the other countries, the average annual rates were as follows: France (+2.0% per year) and Poland (+3.2% per year).

Import Prices by Country

The import price in the European Union stood at $X per ton in 2022, remaining constant 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 2021 an increase of 11%. As a result, import price reached the peak level of $X per ton, and then dropped modestly in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the Netherlands ($X per ton), while Hungary ($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 Czech Republic (+8.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :