EU: Unvulcanized Rubber Market 2024

Unvulcanized Rubber Market Size in the EU

In 2022, the EU unvulcanized rubber market increased by 18% to $X, rising for the second year in a row after three years of decline. In general, consumption showed a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2018 to 2022, the growth of the market remained at a lower figure.

Unvulcanized Rubber Production in the EU

In value terms, unvulcanized rubber production soared to $X in 2022 estimated in export price. Overall, production recorded a relatively flat trend pattern. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Unvulcanized Rubber Exports

Exports in the EU

Unvulcanized rubber exports reduced to X tons in 2022, shrinking by -5.3% against the previous year. Overall, exports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when exports increased by 8.8%. Over the period under review, the exports attained the peak figure at X tons in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, unvulcanized rubber exports reduced slightly to $X in 2022. In general, exports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 when exports increased by 16%. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Germany was the major exporter of unvulcanized rubber and articles thereof in the European Union, with the volume of exports accounting for X tons, which was approx. 31% of total exports in 2022. It was distantly followed by Italy (X tons), Poland (X tons), France (X tons), Spain (X tons), the Czech Republic (X tons) and the Netherlands (X tons), together achieving a 49% share of total exports. The following exporters - Belgium (X tons), Romania (X tons), Austria (X tons), Sweden (X tons), Slovakia (X tons) and Hungary (X tons) - together made up 17% of total exports.

Germany experienced a relatively flat trend pattern with regard to volume of exports of unvulcanized rubber and articles thereof. At the same time, Hungary (+16.8%), Poland (+5.9%), Romania (+4.4%), Slovakia (+3.6%), Spain (+1.9%) and the Czech Republic (+1.1%) displayed positive paces of growth. Moreover, Hungary emerged as the fastest-growing exporter exported in the European Union, with a CAGR of +16.8% from 2012-2022. The Netherlands, Italy, Austria and Sweden experienced a relatively flat trend pattern. By contrast, France (-1.1%) and Belgium (-6.0%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Poland and Hungary increased by +4.1 and +1.6 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X) remains the largest unvulcanized rubber supplier in the European Union, comprising 34% of total exports. The second position in the ranking was held by Italy ($X), with a 12% share of total exports. It was followed by France, with a 9.7% share.

In Germany, unvulcanized rubber exports remained relatively stable over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Italy (+0.3% per year) and France (-2.7% per year).

Export Prices by Country

The export price in the European Union stood at $X per ton in 2022, rising by 4.7% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 an increase of 7.3% against the previous year. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (+2.7%), while the other leaders experienced more modest paces of growth.

Unvulcanized Rubber Imports

Imports in the EU

In 2022, approx. X tons of unvulcanized rubber and articles thereof were imported in the European Union; remaining relatively unchanged against 2021 figures. Over the period under review, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 7.2%. The volume of import peaked at X tons in 2017; afterwards, it flattened through to 2022.

In value terms, unvulcanized rubber imports rose to $X in 2022. Overall, imports saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by 18%. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Germany (X tons), Poland (X tons), France (X tons), Spain (X tons), Italy (X tons), Romania (X tons), Belgium (X tons), the Czech Republic (X tons), the Netherlands (X tons) and Hungary (X tons) represented roughly 84% of total imports in 2022.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of +4.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest unvulcanized rubber importing markets in the European Union were Germany ($X), Poland ($X) and France ($X), with a combined 41% share of total imports.

Poland, with a CAGR of +3.8%, 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

The import price in the European Union stood at $X per ton in 2022, rising by 2.9% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the import price increased by 10%. Over the period under review, import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in the Netherlands ($X per ton) and the Czech Republic ($X per ton), while Hungary ($X per ton) and Romania ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+2.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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