France: Vulcanised Rubber Thread Market 2024

Vulcanised Rubber Thread Market Size in France

In 2021, the French vulcanised rubber thread market decreased by -3.6% to $X, falling for the third consecutive year after three years of growth. Overall, consumption saw a mild slump. Over the period under review, the market reached the peak level at $X in 2013; however, from 2014 to 2021, consumption stood at a somewhat lower figure.

Vulcanised Rubber Thread Production in France

In value terms, vulcanised rubber thread production stood at $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a pronounced downturn. The pace of growth was the most pronounced in 2018 when the production volume increased by 7.9%. Over the period under review, production attained the maximum level at $X in 2013; however, from 2014 to 2021, production failed to regain momentum.

Vulcanised Rubber Thread Exports

Exports from France

In 2021, after two years of decline, there was significant growth in shipments abroad of vulcanised rubber thread and cord, when their volume increased by 108% to X tons. In general, exports, however, showed a noticeable descent. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, vulcanised rubber thread exports skyrocketed to $X in 2021. Overall, exports, however, saw a relatively flat trend pattern. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X tons) was the main destination for vulcanised rubber thread exports from France, accounting for a 28% share of total exports. Moreover, vulcanised rubber thread exports to Germany exceeded the volume sent to the second major destination, Algeria (X tons), twofold. The third position in this ranking was held by Italy (X tons), with a 12% share.

From 2012 to 2021, the average annual growth rate of volume to Germany amounted to -6.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Algeria (+59.5% per year) and Italy (+1.6% per year).

In value terms, the largest markets for vulcanised rubber thread exported from France were Germany ($X), Algeria ($X) and Italy ($X), together accounting for 59% of total exports. The UK, the Netherlands, Egypt, Sweden, Tunisia and India lagged somewhat behind, together accounting for a further 29%.

In terms of the main countries of destination, Egypt, with a CAGR of +144.8%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average vulcanised rubber thread export price amounted to $X per ton, jumping by 17% against the previous year. In general, export price indicated a perceptible increase from 2012 to 2021: its price increased at an average annual rate of +3.5% 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 thread export price increased by +71.3% against 2018 indices. The pace of growth was the most pronounced in 2014 when the average export price increased by 60%. Over the period under review, the average export prices attained the maximum in 2021 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was India ($X per ton), while the average price for exports to Tunisia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to India (+25.1%), while the prices for the other major destinations experienced more modest paces of growth.

Vulcanised Rubber Thread Imports

Imports into France

In 2021, purchases abroad of vulcanised rubber thread and cord was finally on the rise to reach X tons after two years of decline. Overall, imports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when imports increased by 44%. As a result, imports reached the peak of X tons. From 2015 to 2021, the growth of imports failed to regain momentum.

In value terms, vulcanised rubber thread imports skyrocketed to $X in 2021. Over the period under review, imports recorded modest growth. The most prominent rate of growth was recorded in 2014 when imports increased by 96%. As a result, imports reached the peak of $X. From 2015 to 2021, the growth of imports remained at a lower figure.

Imports by Country

Thailand (X tons), Germany (X tons) and Malaysia (X tons) were the main suppliers of vulcanised rubber thread imports to France, together comprising 54% of total imports. Poland, Belgium, Spain, Italy and China lagged somewhat behind, together accounting for a further 40%.

From 2012 to 2021, the biggest increases were recorded for Poland (with a CAGR of +85.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest vulcanised rubber thread suppliers to France were Poland ($X), Thailand ($X) and Belgium ($X), together comprising 49% of total imports.

Poland, with a CAGR of +86.2%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average vulcanised rubber thread import price stood at $X per ton in 2021, rising by 14% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in 2014 when the average import price increased by 36% against the previous year. As a result, import price attained the peak level of $X per ton. From 2015 to 2021, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Poland ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+1.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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