Italy: Reclaimed Rubber Market 2024

Reclaimed Rubber Market Size in Italy

The Italian reclaimed rubber market soared to $X in 2021, picking up by 886% against the previous year. Overall, consumption continues to indicate a significant increase. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Reclaimed Rubber Production in Italy

In value terms, reclaimed rubber production surged to $X in 2021 estimated in export price. In general, production enjoyed buoyant growth. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Reclaimed Rubber Exports

Exports from Italy

In 2021, the amount of reclaimed rubber exported from Italy skyrocketed to X tons, rising by 73% on 2020. Over the period under review, exports recorded a prominent expansion. The pace of growth appeared the most rapid in 2014 when exports increased by 77% against the previous year. The exports peaked at X tons in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

In value terms, reclaimed rubber exports soared to $X in 2021. In general, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when exports increased by 50% against the previous year. The exports peaked in 2021 and are likely to see gradual growth in the immediate term.

Exports by Country

India (X tons) was the main destination for reclaimed rubber exports from Italy, with a 43% share of total exports. Moreover, reclaimed rubber exports to India exceeded the volume sent to the second major destination, France (X tons), twofold. Germany (X tons) ranked third in terms of total exports with a 7.3% share.

From 2012 to 2021, the average annual growth rate of volume to India stood at +22.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+45.5% per year) and Germany (+12.7% per year).

In value terms, France ($X) remains the key foreign market for reclaimed rubber exports from Italy, comprising 33% of total exports. The second position in the ranking was held by Romania ($X), with a 16% share of total exports. It was followed by Germany, with an 8.8% share.

From 2012 to 2021, the average annual growth rate of value to France amounted to +31.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Romania (+19.5% per year) and Germany (-3.2% per year).

Export Prices by Country

The average reclaimed rubber export price stood at $X per ton in 2021, waning by -27.6% against the previous year. Overall, the export price continues to indicate a noticeable slump. The pace of growth appeared the most rapid in 2019 when the average export price increased by 84% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to India ($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 Indonesia (+35.7%), while the prices for the other major destinations experienced more modest paces of growth.

Reclaimed Rubber Imports

Imports into Italy

In 2021, the amount of reclaimed rubber imported into Italy surged to X tons, increasing by 47% compared with 2020 figures. In general, imports, however, showed a relatively flat trend pattern. Over the period under review, imports attained the maximum at X tons in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

In value terms, reclaimed rubber imports skyrocketed to $X in 2021. Overall, imports posted a resilient expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Serbia (X tons), Germany (X tons) and India (X tons) were the main suppliers of reclaimed rubber imports to Italy, with a combined 63% share of total imports. These countries were followed by Poland, Austria, the Czech Republic and the Netherlands, which together accounted for a further 31%.

From 2012 to 2021, the biggest increases were recorded for Austria (with a CAGR of +102.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Serbia ($X) and India ($X) were the largest reclaimed rubber suppliers to Italy, together accounting for 38% of total imports. The Czech Republic, Poland, Austria and the Netherlands lagged somewhat behind, together comprising a further 15%.

Among the main suppliers, the Czech Republic, with a CAGR of +121.0%, saw 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

In 2021, the average reclaimed rubber import price amounted to $X per ton, rising by 47% against the previous year. Overall, the import price continues to indicate a strong expansion. The most prominent rate of growth was recorded in 2018 when the average import price increased by 71% against the previous year. The import price peaked in 2021 and is expected to retain growth in years to come.

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 the Czech Republic ($X per ton), while the price for Austria ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Serbia (+14.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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