Portugal: Vulcanised Rubber Erases Market 2024

Vulcanised Rubber Erases Market Size in Portugal

In 2021, after two years of decline, there was significant growth in the Portuguese vulcanised rubber erases market, when its value increased by 35% to $X. Overall, consumption, however, showed a pronounced reduction. As a result, consumption reached the peak level of $X. From 2019 to 2021, the growth of the market remained at a somewhat lower figure.

Vulcanised Rubber Erases Exports

Exports from Portugal

In 2021, shipments abroad of erasers of vulcanised rubber decreased by -29.4% to X tons, falling for the third year in a row after two years of growth. Overall, exports recorded a abrupt slump. The pace of growth was the most pronounced in 2014 with an increase of 45% against the previous year. As a result, the exports reached the peak of X tons. From 2015 to 2021, the growth of the exports failed to regain momentum.

In value terms, vulcanised rubber erases exports shrank markedly to $X in 2021. Over the period under review, exports recorded a deep downturn. The growth pace was the most rapid in 2017 with an increase of 28%. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Cabo Verde (X tons), Spain (X tons) and Germany (X tons) were the main destinations of vulcanised rubber erases exports from Portugal, together accounting for 61% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Germany (with a CAGR of +98.5%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for vulcanised rubber erases exported from Portugal were Spain ($X), Cabo Verde ($X) and France ($X), with a combined 54% share of total exports. These countries were followed by Germany, Angola, Sao Tome and Principe, Italy and the UK, which together accounted for a further 30%.

Among the main countries of destination, the UK, with a CAGR of +172.3%, recorded the highest growth rate of 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

The average vulcanised rubber erases export price stood at $X per ton in 2021, stabilizing at the previous year. Over the period under review, the export price continues to indicate a perceptible decrease. The pace of growth appeared the most rapid in 2013 when the average export price increased by 39% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2014 to 2021, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Angola ($X per ton), while the average price for exports to Cabo Verde ($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 Angola (+2.0%), while the prices for the other major destinations experienced mixed trend patterns.

Vulcanised Rubber Erases Imports

Imports into Portugal

In 2021, purchases abroad of erasers of vulcanised rubber was finally on the rise to reach X tons after two years of decline. Overall, imports, however, recorded a deep downturn. The most prominent rate of growth was recorded in 2018 when imports increased by 58%. Over the period under review, imports reached the peak figure at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, vulcanised rubber erases imports surged to $X in 2021. Over the period under review, imports posted a tangible increase. The growth pace was the most rapid in 2014 with an increase of 98%. Imports peaked at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

Spain (X tons), China (X tons) and France (X tons) were the main suppliers of vulcanised rubber erases imports to Portugal, together accounting for 83% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by France (with a CAGR of +23.3%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the largest vulcanised rubber erases suppliers to Portugal were France ($X), Spain ($X) and China ($X), together comprising 86% of total imports.

In terms of the main suppliers, France, with a CAGR of +36.2%, 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

In 2021, the average vulcanised rubber erases import price amounted to $X per ton, with an increase of 24% against the previous year. In general, import price indicated buoyant growth from 2012 to 2021: its price increased at an average annual rate of +12.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, vulcanised rubber erases import price increased by +24.6% against 2019 indices. The pace of growth was the most pronounced in 2014 when the average import price increased by 93%. The import price peaked in 2021 and is likely to see gradual growth in the near future.

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 France ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+13.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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