Germany: Vulcanised Rubber Seal Market 2024

Vulcanised Rubber Seal Market Size in Germany

In 2022, the German vulcanised rubber seal market increased by 8% to $X, rising for the second year in a row after two years of decline. The market value increased at an average annual rate of +1.1% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. Vulcanised rubber seal consumption peaked at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Vulcanised Rubber Seal Production in Germany

In value terms, vulcanised rubber seal production dropped to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.2% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 15%. As a result, production attained the peak level of $X, and then contracted in the following year.

Vulcanised Rubber Seal Exports

Exports from Germany

In 2022, after two years of growth, there was significant decline in overseas shipments of seals of vulcanised rubber, when their volume decreased by -17.6% to X tons. The total export volume increased at an average annual rate of +1.2% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2021 when exports increased by 13%. As a result, the exports attained the peak of X tons, and then fell notably 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 +2.0% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 20%. As a result, the exports reached the peak of $X, and then fell in the following year.

Exports by Country

China (X tons), Poland (X tons) and the United States (X tons) were the main destinations of vulcanised rubber seal exports from Germany, together accounting for 32% of total exports. The Czech Republic, Austria, France, Belgium, the UK, Spain, Italy, South Africa, the Netherlands and Switzerland lagged somewhat behind, together comprising a further 38%.

From 2012 to 2022, the biggest increases were recorded for Spain (with a CAGR of +11.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for vulcanised rubber seal exported from Germany were China ($X), the Czech Republic ($X) and the United States ($X), with a combined 32% share of total exports.

Among the main countries of destination, China, with a CAGR of +5.9%, recorded the highest rates of growth with regard to 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

The average vulcanised rubber seal export price stood at $X per ton in 2022, rising by 8.5% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of 15% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2014 to 2022, the average export prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Czech Republic (+5.3%), while the prices for the other major destinations experienced more modest paces of growth.

Vulcanised Rubber Seal Imports

Imports into Germany

Vulcanised rubber seal imports into Germany rose modestly to X tons in 2022, increasing by 2% against the previous year's figure. The total import volume increased at an average annual rate of +1.4% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of 9.8% against the previous year. Imports peaked at X tons in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, vulcanised rubber seal imports fell to $X in 2022. The total import value increased at an average annual rate of +1.3% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 21%. As a result, imports reached the peak of $X, and then shrank in the following year.

Imports by Country

Poland (X tons), the Czech Republic (X tons) and Italy (X tons) were the main suppliers of vulcanised rubber seal imports to Germany, with a combined 51% share of total imports. Turkey, China, France, Slovakia, Spain, Croatia, Austria, Taiwan (Chinese), Hungary and Slovenia lagged somewhat behind, together comprising a further 36%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Croatia (with a CAGR of +16.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), the Czech Republic ($X) and Poland ($X) appeared to be the largest vulcanised rubber seal suppliers to Germany, with a combined 43% share of total imports. France, China, Turkey, Austria, Taiwan (Chinese), Hungary, Spain, Slovakia, Slovenia and Croatia lagged somewhat behind, together accounting for a further 32%.

Among the main suppliers, Croatia, with a CAGR of +14.9%, 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 average vulcanised rubber seal import price stood at $X per ton in 2022, shrinking by -8.9% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 17% against the previous year. As a result, import price reached the peak level of $X per ton, and then reduced in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per ton), while the price for Croatia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Slovenia (+11.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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