Italy: Vulcanised Rubber Seal Market 2024

Vulcanised Rubber Seal Market Size in Italy

After two years of decline, the Italian vulcanised rubber seal market increased by 479% to $X in 2022. Over the period under review, consumption, however, showed a noticeable contraction. Vulcanised rubber seal consumption peaked at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Vulcanised Rubber Seal Production in Italy

In value terms, vulcanised rubber seal production reduced to $X in 2022 estimated in export price. Overall, production showed a strong increase. The most prominent rate of growth was recorded in 2016 when the production volume increased by 58%. Vulcanised rubber seal production peaked at $X in 2021, and then declined in the following year.

Vulcanised Rubber Seal Exports

Exports from Italy

In 2022, exports of seals of vulcanised rubber from Italy fell slightly to X tons, which is down by -4.8% against 2021 figures. The total export volume increased at an average annual rate of +1.4% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2021 when exports increased by 15%. As a result, the exports attained the peak of X tons, and then dropped slightly in the following year.

In value terms, vulcanised rubber seal exports contracted slightly to $X in 2022. Over the period under review, exports, however, saw a prominent expansion. The most prominent rate of growth was recorded in 2021 with an increase of 28% against the previous year. As a result, the exports reached the peak of $X, leveling off in the following year.

Exports by Country

Germany (X tons) was the main destination for vulcanised rubber seal exports from Italy, with a 30% share of total exports. Moreover, vulcanised rubber seal exports to Germany exceeded the volume sent to the second major destination, Poland (X tons), threefold. France (X tons) ranked third in terms of total exports with an 8.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Germany amounted to +2.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (-0.8% per year) and France (+2.3% per year).

In value terms, Germany ($X) remains the key foreign market for seals of vulcanised rubber exports from Italy, comprising 40% of total exports. The second position in the ranking was held by France ($X), with a 6.2% share of total exports. It was followed by Poland, with a 4.4% share.

From 2012 to 2022, the average annual growth rate of value to Germany amounted to +6.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+2.8% per year) and Poland (+3.3% per year).

Export Prices by Country

The average vulcanised rubber seal export price stood at $X per ton in 2022, with an increase of 4.1% against the previous year. Overall, export price indicated a pronounced increase from 2012 to 2022: its price increased at an average annual rate of +4.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, vulcanised rubber seal export price increased by +63.5% against 2015 indices. The pace of growth appeared the most rapid in 2017 an increase of 17%. Over the period under review, the average export prices hit record highs in 2022 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 China ($X per ton), while the average price for exports to Poland ($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 Romania (+12.1%), while the prices for the other major destinations experienced more modest paces of growth.

Vulcanised Rubber Seal Imports

Imports into Italy

In 2022, vulcanised rubber seal imports into Italy declined slightly to X tons, approximately equating 2021. The total import volume increased at an average annual rate of +4.1% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2016 when imports increased by 29%. Over the period under review, imports reached the peak figure at X tons in 2021, and then reduced slightly in the following year.

In value terms, vulcanised rubber seal imports fell modestly to $X in 2022. The total import value increased at an average annual rate of +4.4% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 28%. As a result, imports reached the peak of $X, leveling off in the following year.

Imports by Country

In 2022, Germany (X tons) constituted the largest supplier of vulcanised rubber seal to Italy, with a 29% share of total imports. Moreover, vulcanised rubber seal imports from Germany exceeded the figures recorded by the second-largest supplier, France (X tons), threefold. The third position in this ranking was held by Poland (X tons), with a 7.7% share.

From 2012 to 2022, the average annual growth rate of volume from Germany totaled +2.4%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+11.8% per year) and Poland (+16.7% per year).

In value terms, Germany ($X) constituted the largest supplier of seals of vulcanised rubber to Italy, comprising 27% of total imports. The second position in the ranking was held by France ($X), with a 12% share of total imports. It was followed by Sweden, with an 8.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany totaled +2.7%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+1.9% per year) and Sweden (+6.8% per year).

Import Prices by Country

In 2022, the average vulcanised rubber seal import price amounted to $X per ton, leveling off at the previous year. Overall, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 22% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+14.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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