Poland: Vulcanised Rubber Thread Market 2024

Vulcanised Rubber Thread Market Size in Poland

The Polish vulcanised rubber thread market surged to $X in 2021, rising by 107% against the previous year. Over the period under review, consumption continues to indicate a buoyant expansion. Vulcanised rubber thread consumption peaked at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Vulcanised Rubber Thread Production in Poland

In value terms, vulcanised rubber thread production rose significantly to $X in 2021 estimated in export price. Overall, production, however, saw a abrupt downturn. The most prominent rate of growth was recorded in 2018 when the production volume increased by 20% against the previous year. Vulcanised rubber thread production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Vulcanised Rubber Thread Exports

Exports from Poland

In 2021, overseas shipments of vulcanised rubber thread and cord decreased by -9% to X tons, falling for the second year in a row after two years of growth. Overall, exports showed a noticeable curtailment. The most prominent rate of growth was recorded in 2016 with an increase of 71%. The exports peaked at X tons in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, vulcanised rubber thread exports expanded sharply to $X in 2021. Over the period under review, exports, however, continue to indicate mild growth. The pace of growth appeared the most rapid in 2019 when exports increased by 82% against the previous year. The exports peaked in 2021 and are likely to continue growth in the near future.

Exports by Country

Belarus (X tons) was the main destination for vulcanised rubber thread exports from Poland, with a 56% share of total exports. Moreover, vulcanised rubber thread exports to Belarus exceeded the volume sent to the second major destination, Ukraine (X tons), sevenfold. Russia (X tons) ranked third in terms of total exports with a 5.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Belarus totaled -3.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ukraine (-15.2% per year) and Russia (-0.3% per year).

In value terms, the largest markets for vulcanised rubber thread exported from Poland were Belarus ($X), Germany ($X) and France ($X), with a combined 53% share of total exports.

In terms of the main countries of destination, France, with a CAGR of +178.8%, 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 more modest paces of growth.

Export Prices by Country

In 2021, the average vulcanised rubber thread export price amounted to $X per ton, with an increase of 24% against the previous year. Over the period under review, the export price enjoyed a strong expansion. The growth pace was the most rapid in 2020 when the average export price increased by 57%. Over the period under review, the average export prices hit record highs in 2021 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Slovenia ($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 Italy (+8.4%), while the prices for the other major destinations experienced more modest paces of growth.

Vulcanised Rubber Thread Imports

Imports into Poland

In 2021, purchases abroad of vulcanised rubber thread and cord increased by 5% to X tons, rising for the second year in a row after three years of decline. Overall, imports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 with an increase of 22%. Over the period under review, imports hit record highs at X tons in 2016; however, from 2017 to 2021, imports remained at a lower figure.

In value terms, vulcanised rubber thread imports surged to $X in 2021. Over the period under review, imports, however, saw a relatively flat trend pattern. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Malaysia (X tons) constituted the largest supplier of vulcanised rubber thread to Poland, with a 49% share of total imports. Moreover, vulcanised rubber thread imports from Malaysia exceeded the figures recorded by the second-largest supplier, Thailand (X tons), twofold. Turkey (X tons) ranked third in terms of total imports with a 14% share.

From 2012 to 2021, the average annual growth rate of volume from Malaysia stood at -1.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (-2.6% per year) and Turkey (+34.3% per year).

In value terms, Malaysia ($X) constituted the largest supplier of vulcanised rubber thread and cord to Poland, comprising 41% of total imports. The second position in the ranking was held by Thailand ($X), with a 19% share of total imports. It was followed by Turkey, with a 12% share.

From 2012 to 2021, the average annual growth rate of value from Malaysia amounted to -3.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (-4.7% per year) and Turkey (+30.1% per year).

Import Prices by Country

In 2021, the average vulcanised rubber thread import price amounted to $X per ton, rising by 30% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. Over the period under review, average import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Denmark ($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 (+5.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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