Luxembourg: Reclaimed Rubber Market 2024

Reclaimed Rubber Market Size in Luxembourg

The Luxembourg reclaimed rubber market skyrocketed to $X in 2021, rising by 80% 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, consumption showed temperate growth. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2021, consumption failed to regain momentum.

Reclaimed Rubber Exports

Exports from Luxembourg

In 2021, exports of reclaimed rubber from Luxembourg skyrocketed to X tons, surging by 149% compared with the previous year. Overall, exports showed a significant expansion. The pace of growth appeared the most rapid in 2013 with an increase of 259%. The exports peaked in 2021 and are expected to retain growth in the near future.

In value terms, reclaimed rubber exports surged to $X in 2021. In general, exports posted a significant expansion. The most prominent rate of growth was recorded in 2014 with an increase of 288%. The exports peaked in 2021 and are expected to retain growth in the near future.

Exports by Country

France (X tons) was the main destination for reclaimed rubber exports from Luxembourg, with a 44% share of total exports. Moreover, reclaimed rubber exports to France exceeded the volume sent to the second major destination, Qatar (X kg), threefold. Spain (X kg) ranked third in terms of total exports with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to France totaled +326.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Qatar (+43.0% per year) and Spain (+36.4% per year).

In value terms, France ($X) emerged as the key foreign market for reclaimed rubber exports from Luxembourg, comprising 52% of total exports. The second position in the ranking was taken by Spain ($X), with a 12% share of total exports. It was followed by Switzerland, with a 10% share.

From 2012 to 2021, the average annual growth rate of value to France amounted to +279.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (+47.7% per year) and Switzerland (+15.7% per year).

Export Prices by Country

In 2021, the average reclaimed rubber export price amounted to $X per ton, declining by -10.8% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the average export price increased by 33% against the previous year. The export price peaked at $X per ton in 2015; however, from 2016 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Belgium ($X per ton), while the average price for exports to Qatar ($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 Spain (+8.5%), while the prices for the other major destinations experienced more modest paces of growth.

Reclaimed Rubber Imports

Imports into Luxembourg

In 2021, the amount of reclaimed rubber imported into Luxembourg soared to X tons, picking up by 90% on the previous year's figure. In general, imports saw a prominent expansion. The pace of growth was the most pronounced in 2019 with an increase of 2,003%. Imports peaked at X tons in 2017; however, from 2018 to 2021, imports failed to regain momentum.

In value terms, reclaimed rubber imports soared to $X in 2021. Overall, imports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 with an increase of 622%. Imports peaked at $X in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Germany (X tons) constituted the largest supplier of reclaimed rubber to Luxembourg, accounting for a 62% share of total imports. Moreover, reclaimed rubber imports from Germany exceeded the figures recorded by the second-largest supplier, France (X tons), threefold. Italy (X tons) ranked third in terms of total imports with a 13% share.

From 2012 to 2021, the average annual growth rate of volume from Germany stood at +31.5%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+14.7% per year) and Italy (+116.2% per year).

In value terms, the largest reclaimed rubber suppliers to Luxembourg were Italy ($X), France ($X) and Germany ($X), with a combined 92% share of total imports.

Among the main suppliers, Italy, with a CAGR of +97.1%, saw the highest rates of growth with regard to 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

The average reclaimed rubber import price stood at $X per ton in 2021, with a decrease of -7.9% against the previous year. Overall, the import price recorded a noticeable setback. The pace of growth appeared the most rapid in 2018 when the average import price increased by 48% against the previous year. As a result, import price reached the peak level of $X per ton. From 2019 to 2021, the average import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+11.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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