Europe: Vulcanised Rubber Seal Market 2024

Vulcanised Rubber Seal Market Size in Europe

The Europe vulcanised rubber seal market expanded remarkably to $X in 2022, surging by 10% against the previous year. The market value increased at an average annual rate of +2.4% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the peak level at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Vulcanised Rubber Seal Production in Europe

In value terms, vulcanised rubber seal production dropped modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.7% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2017 when the production volume increased by 15% against the previous year. Over the period under review, production attained the maximum level at $X in 2021, and then reduced in the following year.

Vulcanised Rubber Seal Exports

Exports in Europe

Vulcanised rubber seal exports shrank to X tons in 2022, falling by -6.9% on the previous year. The total export volume increased at an average annual rate of +2.0% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 11%. As a result, the exports reached the peak of X tons, and then dropped in the following year.

In value terms, vulcanised rubber seal exports fell 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 throughout the analyzed period. The pace of growth was the most pronounced in 2021 when exports increased by 20%. As a result, the exports reached the peak of $X, and then dropped in the following year.

Exports by Country

In 2022, Poland (X tons) and Germany (X tons) were the key exporters of seals of vulcanised rubber in Europe, together achieving 47% of total exports. It was distantly followed by France (X tons) and Italy (X tons), together achieving a 13% 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 27% 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 ($X) remains the largest vulcanised rubber seal supplier in Europe, comprising 28% of total exports. The second position in the ranking was held by France ($X), with a 10% share of total exports. It was followed by Poland, with a 10% 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 Europe amounted to $X per ton, approximately reflecting the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the export price increased by 8.1% against the previous year. As a result, the export price attained the peak level of $X per ton, leveling off in the following year.

Prices varied noticeably by country of origin: 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 Europe

Vulcanised rubber seal imports shrank to X tons in 2022, with a decrease of -3.6% compared with the previous year's figure. Overall, imports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 7.7% against the previous year. Over the period under review, imports hit record highs at X tons in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, vulcanised rubber seal imports reduced to $X in 2022. The total import value increased at an average annual rate of +2.1% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when imports increased by 17%. As a result, imports reached the peak of $X, and then fell in the following year.

Imports by Country

In 2022, Germany (X tons), distantly followed by Poland (X tons), France (X tons), Hungary (X tons), the Czech Republic (X tons), the UK (X tons) and Spain (X tons) were the major importers of seals of vulcanised rubber, together generating 64% of total imports. Romania (X tons), Belgium (X tons), Russia (X tons), the Netherlands (X tons), Slovakia (X tons) and Italy (X tons) took a minor share of total imports.

From 2012 to 2022, average annual rates of growth with regard to vulcanised rubber seal imports into Germany stood at +1.4%. 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 Europe, with a CAGR of +10.2% from 2012-2022. Poland and Slovakia experienced a relatively flat trend pattern. By contrast, Russia (-1.8%), the UK (-2.9%) and the Czech Republic (-6.5%) illustrated a downward trend over the same period. Hungary (+4 p.p.) and Spain (+3 p.p.) significantly strengthened its position in terms of the total imports, while the UK and the Czech Republic saw its share reduced by -2.8% and -7.1% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X) constitutes the largest market for imported seals of vulcanised rubber in Europe, comprising 26% of total imports. The second position in the ranking was held by France ($X), with an 8% share of total imports. It was followed by Poland, with a 6.6% share.

In Germany, vulcanised rubber seal imports expanded at an average annual rate of +1.3% over the period from 2012-2022. 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 Europe stood at $X per ton in 2022, declining by -2.1% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.2%. The most prominent rate of growth was recorded in 2021 an increase of 9%. As a result, import price attained the peak level of $X per ton, and then declined in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2022, 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