Luxembourg: Unvulcanized Rubber Market 2024

Unvulcanized Rubber Market Size in Luxembourg

The Luxembourg unvulcanized rubber market declined dramatically to $X in 2022, with a decrease of -28.1% 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, consumption faced a deep contraction. Unvulcanized rubber consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Unvulcanized Rubber Exports

Exports from Luxembourg

In 2022, the amount of unvulcanized rubber and articles thereof exported from Luxembourg surged to X tons, jumping by 35% compared with the previous year's figure. In general, exports, however, saw a slight setback. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, unvulcanized rubber exports expanded significantly to $X in 2022. Overall, exports, however, saw a deep setback. The pace of growth was the most pronounced in 2019 when exports increased by 28% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Italy (X tons), France (X tons) and Spain (X tons) were the main destinations of unvulcanized rubber exports from Luxembourg, together comprising 48% of total exports. Germany, China, Turkey, Poland, Switzerland, Belgium and the Netherlands lagged somewhat behind, together comprising a further 46%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Poland (with a CAGR of +139.3%), while the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), Germany ($X) and France ($X) appeared to be the largest markets for unvulcanized rubber exported from Luxembourg worldwide, with a combined 50% share of total exports. Spain, China, Poland, Turkey, Switzerland, Belgium and the Netherlands lagged somewhat behind, together comprising a further 43%.

In terms of the main countries of destination, Poland, with a CAGR of +110.3%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average unvulcanized rubber export price amounted to $X per ton, waning by -18.9% against the previous year. Over the period under review, the export price saw a pronounced decrease. The growth pace was the most rapid in 2017 an increase of 13%. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, 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 the Netherlands ($X per ton), while the average price for exports to Turkey ($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 the Netherlands (+13.9%), while the prices for the other major destinations experienced mixed trend patterns.

Unvulcanized Rubber Imports

Imports into Luxembourg

In 2022, imports of unvulcanized rubber and articles thereof into Luxembourg fell to X tons, which is down by -7.7% on 2021. Over the period under review, imports recorded a drastic downturn. The pace of growth was the most pronounced in 2016 with an increase of 36% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, unvulcanized rubber imports fell to $X in 2022. Overall, imports faced a deep reduction. The most prominent rate of growth was recorded in 2016 when imports increased by 27%. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Germany (X tons), the Czech Republic (X tons) and France (X tons) were the main suppliers of unvulcanized rubber imports to Luxembourg, together comprising 75% of total imports. Poland, the Netherlands, Belgium, Italy and the UK lagged somewhat behind, together comprising a further 23%.

From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of +51.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest unvulcanized rubber suppliers to Luxembourg were Germany ($X), the Czech Republic ($X) and France ($X), together accounting for 76% of total imports. Poland, the Netherlands, Belgium, Italy and the UK lagged somewhat behind, together comprising a further 20%.

The Netherlands, with a CAGR of +36.0%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average unvulcanized rubber import price stood at $X per ton in 2022, shrinking by -6.6% against the previous year. Over the period under review, the import price continues to indicate a mild decline. The growth pace was the most rapid in 2021 when the average import price increased by 14%. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the UK ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+1.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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