Europe: Vulcanised Rubber Erases Market 2024

Vulcanised Rubber Erases Market Size in Europe

After two years of decline, the Europe vulcanised rubber erases market increased by 2.4% to $X in 2021. The total consumption indicated tangible growth from 2012 to 2021: its value increased at an average annual rate of +2.4% 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 -30.2% against 2018 indices. As a result, consumption reached the peak level of $X. From 2019 to 2021, the growth of the market failed to regain momentum.

Vulcanised Rubber Erases Production in Europe

In value terms, vulcanised rubber erases production stood at $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.0% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 with an increase of 31%. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Vulcanised Rubber Erases Exports

Exports in Europe

In 2021, exports of erasers of vulcanised rubber in Europe expanded markedly to X tons, with an increase of 11% against the year before. The total export volume increased at an average annual rate of +2.9% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2016 when exports increased by 17% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, vulcanised rubber erases exports skyrocketed to $X in 2021. Total exports indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +7.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +115.0% against 2015 indices. 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) represented the main exporters of erasers of vulcanised rubber in Europe, together creating 39% of total exports. It was distantly followed by Poland (X tons), the Czech Republic (X tons), France (X tons), Germany (X tons) and Russia (X tons), together achieving a 44% 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, together comprising 54% of total exports.

Poland, with a CAGR of +46.3%, recorded the highest rates of growth with regard to the value of exports, in terms of the main exporting countries 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 Europe stood at $X per ton in 2021, with an increase of 18% against the previous year. Export price indicated a notable expansion from 2012 to 2021: its price increased at an average annual rate of +4.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, vulcanised rubber erases export price increased by +71.6% against 2016 indices. The most prominent rate of growth was recorded in 2020 when the export price increased by 19%. The level of export peaked in 2021 and is expected to retain growth in the near future.

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

In 2021, supplies from abroad of erasers of vulcanised rubber decreased by -2.6% to X tons, falling for the third year in a row after three years of growth. Total imports indicated mild growth from 2012 to 2021: its volume increased at an average annual rate of +1.8% 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 decreased by -36.9% against 2018 indices. The pace of growth appeared the most rapid in 2017 when imports increased by 36% against the previous year. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, vulcanised rubber erases imports expanded rapidly to $X in 2021. The total import value increased at an average annual rate of +3.7% over the period 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 2017 with an increase of 22% against the previous year. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

Russia represented the largest importing country with an import of around X tons, which recorded 27% of total imports. The UK (X tons) held the second position in the ranking, followed by the Netherlands (X tons), Germany (X tons), France (X tons), Poland (X tons) and Italy (X tons). All these countries together held near 43% share of total imports. Spain (X tons), Denmark (X tons), Slovakia (X tons), Sweden (X tons), Ukraine (X tons) and the Czech Republic (X tons) followed a long way behind the leaders.

Imports into Russia increased at an average annual rate of +4.2% from 2012 to 2021. At the same time, Slovakia (+18.8%), Poland (+12.1%), the Czech Republic (+6.1%), the Netherlands (+6.1%), France (+6.0%) and Denmark (+3.4%) displayed positive paces of growth. Moreover, Slovakia emerged as the fastest-growing importer imported in Europe, with a CAGR of +18.8% from 2012-2021. Italy and Ukraine experienced a relatively flat trend pattern. By contrast, Sweden (-1.0%), the UK (-2.8%), Germany (-2.9%) and Spain (-4.4%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Russia, Poland, the Netherlands, Slovakia and France increased by +5.1, +3.3, +2.6, +2 and +1.9 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X), the UK ($X) and France ($X) appeared to be the countries with the highest levels of imports in 2021, with a combined 34% share of total imports. Poland, Germany, Italy, the Netherlands, the Czech Republic, Spain, Sweden, Slovakia, Ukraine and Denmark lagged somewhat behind, together accounting for a further 46%.

Among the main importing countries, Poland, with a CAGR of +24.1%, recorded the highest growth rate of 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

The import price in Europe stood at $X per ton in 2021, increasing by 14% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.9%. The pace of growth appeared the most rapid in 2019 an increase of 30% against the previous year. The level of import peaked in 2021 and is likely to see gradual growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2021, 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