Northern America: Market for Vulcanised Cellular Rubber Articles For Technical Uses 2024

Market Size for Vulcanised Cellular Rubber Articles For Technical Uses in Northern America

The North American vulcanised cellular rubber articles market rose modestly to $X in 2021, increasing by 3.7% against the previous year. Overall, consumption, however, posted perceptible growth. The level of consumption peaked at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Production of Vulcanised Cellular Rubber Articles For Technical Uses in Northern America

In value terms, vulcanised cellular rubber articles production totaled $X in 2021 estimated in export price. In general, production saw a prominent increase. The pace of growth appeared the most rapid in 2018 with an increase of 155%. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Exports of Vulcanised Cellular Rubber Articles For Technical Uses

Exports in Northern America

In 2021, shipments abroad of vulcanised cellular rubber articles for technical uses increased by 29% to X tons for the first time since 2018, thus ending a two-year declining trend. Total exports indicated a strong expansion from 2012 to 2021: its volume increased at an average annual rate of +6.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, vulcanised cellular rubber articles exports amounted to $X in 2021. In general, exports, however, recorded a deep setback. The most prominent rate of growth was recorded in 2016 with an increase of 12% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

The United States was the largest exporting country with an export of around X tons, which resulted at 74% of total exports. It was distantly followed by Canada (X tons), mixing up a 26% share of total exports.

The United States was also the fastest-growing in terms of the vulcanised cellular rubber articles for technical uses exports, with a CAGR of +19.5% from 2012 to 2021. Canada (-5.5%) illustrated a downward trend over the same period. The United States (+48 p.p.) significantly strengthened its position in terms of the total exports, while Canada saw its share reduced by -48.4% from 2012 to 2021, respectively.

In value terms, the United States ($X) and Canada ($X) appeared to be the countries with the highest levels of exports in 2021.

Among the main exporting countries, the United States, with a CAGR of -4.7%, recorded the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

The export price in Northern America stood at $X per ton in 2021, shrinking by -21.4% against the previous year. Overall, the export price faced a deep slump. The most prominent rate of growth was recorded in 2014 when the export price decreased by -5.8%. The level of export peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was Canada ($X per ton), while the United States amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (-1.5%).

Imports of Vulcanised Cellular Rubber Articles For Technical Uses

Imports in Northern America

In 2021, supplies from abroad of vulcanised cellular rubber articles for technical uses increased by 5.3% to X tons, rising for the second year in a row after three years of decline. In general, imports continue to indicate a slight expansion. The most prominent rate of growth was recorded in 2015 with an increase of 18% against the previous year. 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, vulcanised cellular rubber articles imports rose rapidly to $X in 2021. Over the period under review, imports, however, saw a noticeable reduction. The pace of growth appeared the most rapid in 2015 with an increase of 14%. Over the period under review, imports attained the maximum at $X in 2016; however, from 2017 to 2021, imports remained at a lower figure.

Imports by Country

The United States dominates imports structure, recording X tons, which was near 92% of total imports in 2021. It was distantly followed by Canada (X tons), committing a 7.6% share of total imports.

The United States was also the fastest-growing in terms of the vulcanised cellular rubber articles for technical uses imports, with a CAGR of +2.1% from 2012 to 2021. Canada (-7.3%) illustrated a downward trend over the same period. While the share of the United States (+8.8 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Canada (-8.8 p.p.) displayed negative dynamics.

In value terms, the United States ($X) constitutes the largest market for imported vulcanised cellular rubber articles for technical uses in Northern America, comprising 91% of total imports. The second position in the ranking was held by Canada ($X), with a 9.3% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value in the United States totaled -1.9%.

Import Prices by Country

In 2021, the import price in Northern America amounted to $X per ton, remaining stable against the previous year. Overall, the import price, however, recorded a pronounced reduction. The pace of growth appeared the most rapid in 2018 when the import price increased by 7.8%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major importing countries. In 2021, the country with the highest price was Canada ($X per ton), while the United States amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (-1.5%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :