Scandinavia: Vulcanised Rubber Mats Market 2024

Vulcanised Rubber Mats Market Size in Scandinavia

In 2021, the Scandinavia vulcanised rubber mats market was finally on the rise to reach $X for the first time since 2017, thus ending a three-year declining trend. The market value increased at an average annual rate of +2.8% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Vulcanised Rubber Mats Production in Scandinavia

In value terms, vulcanised rubber mats production soared to $X in 2021 estimated in export price. Over the period under review, production continues to indicate a significant increase. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Vulcanised Rubber Mats Exports

Exports in Scandinavia

In 2021, after three years of decline, there was significant growth in overseas shipments of floor coverings and mats of vulcanised rubber, when their volume increased by 15% to X tons. The total export volume increased at an average annual rate of +3.5% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 with an increase of 18% against the previous year. The volume of export peaked at X tons in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

In value terms, vulcanised rubber mats exports soared to $X in 2021. The total export value increased at an average annual rate of +2.8% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the exports reached the peak figure at $X in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

Exports by Country

In 2021, Sweden (X tons) and Denmark (X tons) represented the major exporters of floor coverings and mats of vulcanised rubber in Scandinavia, together reaching near 80% of total exports. It was distantly followed by Norway (X tons), creating a 16% share of total exports. Finland (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Norway (with a CAGR of +16.1%), while the other leaders experienced more modest paces of growth.

In value terms, Sweden ($X) remains the largest vulcanised rubber mats supplier in Scandinavia, comprising 65% of total exports. The second position in the ranking was held by Denmark ($X), with a 25% share of total exports. It was followed by Norway, with a 5.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Sweden amounted to +2.8%. In the other countries, the average annual rates were as follows: Denmark (+2.3% per year) and Norway (+7.1% per year).

Export Prices by Country

The export price in Scandinavia stood at $X per ton in 2021, surging by 3.7% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the export price increased by 15% against the previous year. The level of export peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Sweden ($X per ton), while Norway ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (+1.4%), while the other leaders experienced mixed trends in the export price figures.

Vulcanised Rubber Mats Imports

Imports in Scandinavia

Vulcanised rubber mats imports reduced slightly to X tons in 2021, approximately reflecting 2020 figures. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when imports increased by 18% against the previous year. Over the period under review, imports attained the maximum at X tons in 2017; however, from 2018 to 2021, imports failed to regain momentum.

In value terms, vulcanised rubber mats imports expanded significantly to $X in 2021. Overall, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of 14% against the previous year. The level of import peaked at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Sweden (X tons) and Denmark (X tons) represented the key importers of floor coverings and mats of vulcanised rubber in Scandinavia, together making up 60% of total imports. Norway (X tons) took a 19% share (based on physical terms) of total imports, which put it in second place, followed by Finland (19%). Iceland (X tons) held a minor share of total imports.

From 2012 to 2021, the biggest increases were recorded for Iceland (with a CAGR of +28.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Sweden ($X), Norway ($X) and Denmark ($X) constituted the countries with the highest levels of imports in 2021, with a combined 82% share of total imports. These countries were followed by Finland and Iceland, which together accounted for a further 18%.

In terms of the main importing countries, Iceland, with a CAGR of +19.2%, 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

The import price in Scandinavia stood at $X per ton in 2021, with an increase of 8.6% against the previous year. In general, the import price, however, saw a mild contraction. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Norway ($X per ton), while Denmark ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (-0.3%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform