Ireland: Vulcanised Rubber Erases Market 2024

Vulcanised Rubber Erases Market Size in Ireland

The Irish vulcanised rubber erases market declined remarkably to $X in 2021, with a decrease of -46.9% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption saw a perceptible reduction. Over the period under review, the market attained the maximum level at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Vulcanised Rubber Erases Exports

Exports from Ireland

Vulcanised rubber erases exports from Ireland soared to X kg in 2021, picking up by 66% against 2020. In general, exports, however, showed a dramatic contraction. The most prominent rate of growth was recorded in 2019 when exports increased by 190% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, vulcanised rubber erases exports skyrocketed to $X in 2021. Over the period under review, exports, however, recorded a abrupt decrease. The growth pace was the most rapid in 2019 with an increase of 210% against the previous year. 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

The UK (X kg) was the main destination for vulcanised rubber erases exports from Ireland, with a 92% share of total exports. It was followed by Cyprus (X kg), with a 2.9% share of total exports. France (X kg) ranked third in terms of total exports with a 1.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the UK amounted to -16.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cyprus (-46.5% per year) and France (-37.0% per year).

In value terms, the UK ($X) remains the key foreign market for erasers of vulcanised rubber exports from Ireland, comprising 91% of total exports. The second position in the ranking was taken by France ($X), with a 3.1% share of total exports. It was followed by Spain, with a 1.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the UK amounted to -13.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (-27.4% per year) and Spain (-45.9% per year).

Export Prices by Country

In 2021, the average vulcanised rubber erases export price amounted to $X per ton, dropping by -15% against the previous year. Over the period under review, the export price, however, posted measured growth. The pace of growth appeared the most rapid in 2018 when the average export price increased by 49%. The export price peaked at $X per ton in 2020, and then reduced in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to Cyprus ($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 Italy (+20.1%), while the prices for the other major destinations experienced more modest paces of growth.

Vulcanised Rubber Erases Imports

Imports into Ireland

Vulcanised rubber erases imports into Ireland dropped notably to X tons in 2021, waning by -61.9% on 2020 figures. Overall, imports continue to indicate a deep setback. The most prominent rate of growth was recorded in 2014 when imports increased by 33%. Over the period under review, imports attained the maximum at X tons in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, vulcanised rubber erases imports contracted notably to $X in 2021. Over the period under review, imports recorded a perceptible decrease. The most prominent rate of growth was recorded in 2016 with an increase of 30%. Over the period under review, imports attained the maximum at $X in 2020, and then fell dramatically in the following year.

Imports by Country

In 2021, China (X tons) constituted the largest vulcanised rubber erases supplier to Ireland, with a 54% share of total imports. Moreover, vulcanised rubber erases imports from China exceeded the figures recorded by the second-largest supplier, Spain (X tons), fivefold. The UK (X tons) ranked third in terms of total imports with a 7.5% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled -1.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (-0.7% per year) and the UK (-23.4% per year).

In value terms, China ($X) constituted the largest supplier of erasers of vulcanised rubber to Ireland, comprising 50% of total imports. The second position in the ranking was taken by Spain ($X), with a 16% share of total imports. It was followed by the UK, with a 10% share.

From 2012 to 2021, the average annual growth rate of value from China totaled +4.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+0.1% per year) and the UK (-18.4% per year).

Import Prices by Country

In 2021, the average vulcanised rubber erases import price amounted to $X per ton, growing by 85% against the previous year. Over the period under review, the import price saw perceptible growth. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 Germany ($X per ton), while the price for Hong Kong SAR ($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 UK (+6.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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