Luxembourg: Unvulcanised Rubber Market 2024

Unvulcanised Rubber Market Size in Luxembourg

In 2021, the Luxembourg unvulcanised rubber market decreased by -24.2% to $X, falling for the second year in a row after two years of growth. Overall, the total consumption indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +6.5% 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 -24.5% against 2019 indices. Over the period under review, the market attained the peak level at $X in 2016; however, from 2017 to 2021, consumption failed to regain momentum.

Unvulcanised Rubber Exports

Exports from Luxembourg

In 2021, shipments abroad of unvulcanised rubber decreased by -91.5% to X kg, falling for the second year in a row after two years of growth. In general, exports recorded a sharp decrease. The pace of growth was the most pronounced in 2015 when exports increased by 31,609% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, unvulcanised rubber exports fell sharply to $X in 2021. Over the period under review, exports saw a precipitous decrease. The most prominent rate of growth was recorded in 2015 when exports increased by 5,036% against the previous year. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Turkey (X kg), the United States (X kg) and France (X kg) were the main destinations of unvulcanised rubber exports from Luxembourg, with a combined 86% share of total exports. These countries were followed by Denmark, Spain and Italy, which together accounted for a further 14%.

From 2012 to 2021, the biggest increases were recorded for Denmark (with a CAGR of 0.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for unvulcanised rubber exported from Luxembourg were Turkey ($X), Denmark ($X) and Spain ($X), together accounting for 68% of total exports. These countries were followed by France, Italy and the United States, which together accounted for a further 32%.

In terms of the main countries of destination, Italy, with a CAGR of +84.2%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2021, the average unvulcanised rubber export price amounted to $X per ton, rising by 122% against the previous year. In general, the export price enjoyed a prominent increase. The growth pace was the most rapid in 2017 an increase of 498%. As a result, the export price reached the peak level of $X per ton. From 2018 to 2021, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Denmark ($X per ton), while the average price for exports to the United States ($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 Brazil (+58.4%), while the prices for the other major destinations experienced more modest paces of growth.

Unvulcanised Rubber Imports

Imports into Luxembourg

In 2021, purchases abroad of unvulcanised rubber decreased by -27.8% to X tons, falling for the second consecutive year after two years of growth. Over the period under review, imports, however, enjoyed a prominent expansion. The growth pace was the most rapid in 2013 with an increase of 103%. Over the period under review, imports hit record highs at X tons in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

In value terms, unvulcanised rubber imports declined rapidly to $X in 2021. In general, total imports indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +5.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when imports increased by 76%. Imports peaked at $X in 2016; however, from 2017 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, the Czech Republic (X tons) constituted the largest unvulcanised rubber supplier to Luxembourg, accounting for a 81% share of total imports. Moreover, unvulcanised rubber imports from the Czech Republic exceeded the figures recorded by the second-largest supplier, Poland (X tons), tenfold. France (X tons) ranked third in terms of total imports with a 7.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the Czech Republic totaled +57.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+20.0% per year) and France (-9.2% per year).

In value terms, the Czech Republic ($X) constituted the largest supplier of unvulcanised rubber to Luxembourg, comprising 85% of total imports. The second position in the ranking was held by Poland ($X), with a 6.2% share of total imports. It was followed by France, with a 5.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the Czech Republic stood at +51.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+15.8% per year) and France (-13.8% per year).

Import Prices by Country

In 2021, the average unvulcanised rubber import price amounted to $X per ton, increasing by 6.7% against the previous year. Overall, the import price, however, showed a pronounced reduction. The growth pace was the most rapid in 2018 an increase of 15%. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+5.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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