Italy: Vulcanised Rubber Erases Market 2024

Vulcanised Rubber Erases Market Size in Italy

The Italian vulcanised rubber erases market rose remarkably to $X in 2021, surging by 9.1% 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). In general, the total consumption indicated moderate growth from 2012 to 2021: its value increased at an average annual rate of +2.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -28.5% against 2017 indices. Vulcanised rubber erases consumption peaked at $X in 2017; however, from 2018 to 2021, consumption failed to regain momentum.

Vulcanised Rubber Erases Exports

Exports from Italy

For the fourth consecutive year, Italy recorded growth in shipments abroad of erasers of vulcanised rubber, which increased by 23% to X tons in 2021. Overall, exports continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2013 with an increase of 110%. The exports peaked in 2021 and are expected to retain growth in the near future.

In value terms, vulcanised rubber erases exports skyrocketed to $X in 2021. In general, exports showed a significant increase. The pace of growth appeared the most rapid in 2016 when exports increased by 125%. The exports peaked in 2021 and are expected to retain growth in years to come.

Exports by Country

France (X tons), Germany (X tons) and Spain (X tons) were the main destinations of vulcanised rubber erases exports from Italy, with a combined 67% share of total exports. These countries were followed by Greece, Austria, the Czech Republic, Poland and Portugal, which together accounted for a further 20%.

From 2012 to 2021, the biggest increases were recorded for Greece (with a CAGR of +50.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), France ($X) and Spain ($X) constituted the largest markets for vulcanised rubber erases exported from Italy worldwide, together accounting for 69% of total exports.

Germany, with a CAGR of +55.0%, saw the highest rates of growth with regard to the value of exports, among 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

In 2021, the average vulcanised rubber erases export price amounted to $X per ton, surging by 14% against the previous year. Overall, the export price recorded a prominent increase. The most prominent rate of growth was recorded in 2014 when the average export price increased by 49%. Over the period under review, the average export prices reached the maximum in 2021 and is likely to see steady growth in the near future.

There were significant differences in the average prices for the major overseas markets. In 2021, 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 2021, the most notable rate of growth in terms of prices was recorded for supplies to Portugal (+19.6%), while the prices for the other major destinations experienced more modest paces of growth.

Vulcanised Rubber Erases Imports

Imports into Italy

In 2021, the amount of erasers of vulcanised rubber imported into Italy reduced to X tons, waning by -6.6% against 2020. In general, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when imports increased by 30% against the previous year. Over the period under review, imports reached the maximum at X tons in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

In value terms, vulcanised rubber erases imports skyrocketed to $X in 2021. Overall, total imports indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +5.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -7.0% against 2016 indices. The growth pace was the most rapid in 2016 with an increase of 32% against the previous year. As a result, imports attained the peak of $X. From 2017 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of vulcanised rubber erases to Italy, with a 67% share of total imports. Moreover, vulcanised rubber erases imports from China exceeded the figures recorded by the second-largest supplier, Germany (X tons), tenfold. Taiwan (Chinese) (X tons) ranked third in terms of total imports with a 5.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +3.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-1.1% per year) and Taiwan (Chinese) (+11.8% per year).

In value terms, China ($X) constituted the largest supplier of erasers of vulcanised rubber to Italy, comprising 52% of total imports. The second position in the ranking was held by Germany ($X), with a 13% share of total imports. It was followed by Poland, with an 8.8% share.

From 2012 to 2021, the average annual growth rate of value from China totaled +8.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+4.2% per year) and Poland (+56.1% per year).

Import Prices by Country

In 2021, the average vulcanised rubber erases import price amounted to $X per ton, increasing by 32% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +4.5%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+29.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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