Portugal: Vulcanised Rubber Thread Market 2024

Vulcanised Rubber Thread Market Size in Portugal

The Portuguese vulcanised rubber thread market soared to $X in 2021, increasing by 24% against the previous year. Overall, consumption, however, recorded a relatively flat trend pattern. Vulcanised rubber thread consumption peaked at $X in 2013; however, from 2014 to 2021, consumption stood at a somewhat lower figure.

Vulcanised Rubber Thread Production in Portugal

In value terms, vulcanised rubber thread production soared to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a perceptible slump. The most prominent rate of growth was recorded in 2019 with an increase of 54%. Over the period under review, production reached the peak level at $X in 2014; however, from 2015 to 2021, production failed to regain momentum.

Vulcanised Rubber Thread Exports

Exports from Portugal

Vulcanised rubber thread exports from Portugal soared to X tons in 2021, picking up by 446% compared with 2020 figures. Overall, exports enjoyed significant growth. The pace of growth appeared the most rapid in 2019 when exports increased by 7,965% against the previous year. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the immediate term.

In value terms, vulcanised rubber thread exports surged to $X in 2021. Over the period under review, exports saw a significant increase. The pace of growth appeared the most rapid in 2019 when exports increased by 3,257%. The exports peaked in 2021 and are expected to retain growth in the immediate term.

Exports by Country

Spain (X tons), Austria (X tons) and Italy (X tons) were the main destinations of vulcanised rubber thread exports from Portugal, with a combined 89% share of total exports. Germany, the UK and Angola lagged somewhat behind, together accounting for a further 10%.

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 +1,334.2%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for vulcanised rubber thread exported from Portugal were Spain ($X), Austria ($X) and Italy ($X), with a combined 89% share of total exports. Germany, the UK and Angola lagged somewhat behind, together comprising a further 10%.

Germany, with a CAGR of +1,057.5%, recorded the highest rates of growth with regard to the value of exports, in terms of 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 thread export price stood at $X per ton in 2021, jumping by 16% against the previous year. Overall, the export price, however, saw a deep setback. The pace of growth was the most pronounced in 2020 when the average export price increased by 132%. The export price peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Angola ($X per ton), while the average price for exports to Germany ($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 Austria (+30.0%), while the prices for the other major destinations experienced mixed trend patterns.

Vulcanised Rubber Thread Imports

Imports into Portugal

In 2021, imports of vulcanised rubber thread and cord into Portugal skyrocketed to X tons, increasing by 54% on the year before. Over the period under review, imports posted a resilient increase. The most prominent rate of growth was recorded in 2020 when imports increased by 84%. Over the period under review, imports reached the maximum in 2021 and are likely to continue growth in years to come.

In value terms, vulcanised rubber thread imports skyrocketed to $X in 2021. Overall, imports posted a resilient expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 106% against the previous year. Over the period under review, imports reached the peak figure in 2021 and are expected to retain growth in the near future.

Imports by Country

Thailand (X tons), Belgium (X tons) and Malaysia (X tons) were the main suppliers of vulcanised rubber thread imports to Portugal, with a combined 94% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Belgium (with a CAGR of +305.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest vulcanised rubber thread suppliers to Portugal were Belgium ($X), Thailand ($X) and Malaysia ($X), together accounting for 91% of total imports.

Among the main suppliers, Belgium, with a CAGR of +201.0%, recorded 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 thread import price amounted to $X per ton, growing by 28% against the previous year. In general, the import price saw a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Belgium ($X per ton), while the price for Thailand ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+3.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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