Germany: Vulcanised Rubber Thread Market 2024

Vulcanised Rubber Thread Market Size in Germany

The German vulcanised rubber thread market reduced to $X in 2021, with a decrease of -7.4% against the previous year. Over the period under review, consumption saw a slight reduction. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Vulcanised Rubber Thread Production in Germany

In value terms, vulcanised rubber thread production surged to $X in 2021 estimated in export price. Overall, production continues to indicate a prominent expansion. The growth pace was the most rapid in 2017 when the production volume increased by 44%. Over the period under review, production reached the peak level in 2021 and is expected to retain growth in the immediate term.

Vulcanised Rubber Thread Exports

Exports from Germany

After two years of decline, overseas shipments of vulcanised rubber thread and cord increased by 7% to X tons in 2021. In general, total exports indicated a slight increase from 2012 to 2021: its volume increased at an average annual rate of +1.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2018 with an increase of 44% against the previous year. Over the period under review, the exports hit record highs in 2021 and are likely to continue growth in the immediate term.

In value terms, vulcanised rubber thread exports soared to $X in 2021. Overall, exports enjoyed a noticeable expansion. The most prominent rate of growth was recorded in 2018 with an increase of 56% against the previous year. The exports peaked in 2021 and are expected to retain growth in the near future.

Exports by Country

The Czech Republic (X tons), Italy (X tons) and Poland (X tons) were the main destinations of vulcanised rubber thread exports from Germany, together comprising 59% of total exports.

From 2012 to 2021, the biggest increases were recorded for Italy (with a CAGR of +31.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for vulcanised rubber thread exported from Germany were the Czech Republic ($X), Italy ($X) and Poland ($X), together accounting for 55% of total exports.

Italy, with a CAGR of +27.7%, saw the highest growth rate of the value of exports, in terms of the main countries of destination 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 thread export price stood at $X per ton in 2021, picking up by 8.6% against the previous year. Over the last nine years, it increased at an average annual rate of +1.2%. The pace of growth appeared the most rapid in 2020 when the average export price increased by 13%. Over the period under review, the average export prices hit record highs in 2021 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to Hungary ($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 the UK (+6.5%), while the prices for the other major destinations experienced more modest paces of growth.

Vulcanised Rubber Thread Imports

Imports into Germany

Vulcanised rubber thread imports into Germany declined to X tons in 2021, dropping by -6.9% compared with 2020. Overall, imports saw a slight curtailment. The most prominent rate of growth was recorded in 2018 with an increase of 35% against the previous year. As a result, imports reached the peak of X tons. From 2019 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, vulcanised rubber thread imports rose modestly to $X in 2021. In general, imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 with an increase of 34%. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Thailand (X tons), Luxembourg (X tons) and Malaysia (X tons) were the main suppliers of vulcanised rubber thread imports to Germany, with a combined 77% share of total imports. These countries were followed by China, the Netherlands, Italy and the UK, which together accounted for a further 20%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the UK (with a CAGR of +67.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest vulcanised rubber thread suppliers to Germany were Luxembourg ($X), Thailand ($X) and Malaysia ($X), with a combined 70% share of total imports. These countries were followed by China, Italy, the Netherlands and the UK, which together accounted for a further 22%.

The UK, with a CAGR of +45.3%, 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, increasing by 13% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the average import price increased by 26% against the previous year. The import price peaked in 2021 and is expected to retain growth in the near future.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+2.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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