Portugal: Vulcanised Rubber Mats Market 2024

Vulcanised Rubber Mats Market Size in Portugal

In 2021, after two years of growth, there was significant decline in the Portuguese vulcanised rubber mats market, when its value decreased by -18.9% to $X. Over the period under review, consumption continues to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2016 with an increase of 5.3% against the previous year. As a result, consumption attained the peak level of $X. From 2017 to 2021, the growth of the market remained at a lower figure.

Vulcanised Rubber Mats Production in Portugal

In value terms, vulcanised rubber mats production totaled $X in 2021 estimated in export price. Overall, production, however, showed a deep setback. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Vulcanised Rubber Mats Exports

Exports from Portugal

In 2021, the amount of floor coverings and mats of vulcanised rubber exported from Portugal skyrocketed to X tons, jumping by 22% against 2020. Overall, exports saw resilient growth. The growth pace was the most rapid in 2016 with an increase of 371%. Over the period under review, the exports hit record highs at X tons in 2018; afterwards, it flattened through to 2021.

In value terms, vulcanised rubber mats exports skyrocketed to $X in 2021. Over the period under review, exports recorded a notable expansion. The most prominent rate of growth was recorded in 2016 with an increase of 175%. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

Belgium (X tons), France (X tons) and the Netherlands (X tons) were the main destinations of vulcanised rubber mats exports from Portugal, with a combined 78% share of total exports. These countries were followed by Spain, Malta and Angola, which together accounted for a further 19%.

From 2012 to 2021, the biggest increases were recorded for Malta (with a CAGR of +353.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for vulcanised rubber mats exported from Portugal were France ($X), Belgium ($X) and the Netherlands ($X), together comprising 68% of total exports. These countries were followed by Spain, Angola and Malta, which together accounted for a further 24%.

Malta, with a CAGR of +192.8%, saw the highest growth rate of the value of exports, among the main countries of destination 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 mats export price stood at $X per ton in 2021, growing by 15% against the previous year. In general, the export price, however, recorded a deep slump. The pace of growth was the most pronounced in 2014 when the average export price increased by 35% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2015 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Angola ($X per ton), while the average price for exports to Malta ($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 Belgium (-1.3%), while the prices for the other major destinations experienced a decline.

Vulcanised Rubber Mats Imports

Imports into Portugal

In 2021, the amount of floor coverings and mats of vulcanised rubber imported into Portugal reduced markedly to X tons, waning by -27.9% compared with 2020. Overall, imports, however, continue to indicate buoyant growth. The pace of growth was the most pronounced in 2017 with an increase of 96%. Over the period under review, imports reached the peak figure at X tons in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, vulcanised rubber mats imports declined remarkably to $X in 2021. Over the period under review, imports, however, posted a prominent increase. The most prominent rate of growth was recorded in 2015 when imports increased by 135% against the previous year. Over the period under review, imports hit record highs at $X in 2020, and then shrank rapidly in the following year.

Imports by Country

In 2021, Spain (X tons) constituted the largest vulcanised rubber mats supplier to Portugal, with a 46% share of total imports. Moreover, vulcanised rubber mats imports from Spain exceeded the figures recorded by the second-largest supplier, China (X tons), twofold. The third position in this ranking was taken by France (X tons), with an 11% share.

From 2012 to 2021, the average annual growth rate of volume from Spain amounted to +18.5%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+2.2% per year) and France (+15.4% per year).

In value terms, Spain ($X) constituted the largest supplier of floor coverings and mats of vulcanised rubber to Portugal, comprising 42% of total imports. The second position in the ranking was taken by the Netherlands ($X), with a 21% share of total imports. It was followed by France, with an 11% share.

From 2012 to 2021, the average annual growth rate of value from Spain amounted to +10.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+31.5% per year) and France (+8.4% per year).

Import Prices by Country

In 2021, the average vulcanised rubber mats import price amounted to $X per ton, surging by 6.8% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average import price increased by 33% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2013; however, from 2014 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 the Netherlands ($X per ton), while the price for China ($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 (+13.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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