Scandinavia: Market for Vulcanised Cellular Rubber Articles For Technical Uses 2024

Market Size for Vulcanised Cellular Rubber Articles For Technical Uses in Scandinavia

The Scandinavia vulcanised cellular rubber articles market expanded slightly to $X in 2021, with an increase of 3.5% against the previous year. Over the period under review, consumption, however, continues to indicate a remarkable increase. The level of consumption peaked at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Production of Vulcanised Cellular Rubber Articles For Technical Uses in Scandinavia

In value terms, vulcanised cellular rubber articles production reduced markedly to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a noticeable increase. The most prominent rate of growth was recorded in 2018 when the production volume increased by 87%. The level of production peaked at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Exports of Vulcanised Cellular Rubber Articles For Technical Uses

Exports in Scandinavia

In 2021, shipments abroad of vulcanised cellular rubber articles for technical uses decreased by -54.3% to X tons, falling for the fifth year in a row after five years of growth. Overall, exports, however, showed moderate growth. The pace of growth was the most pronounced in 2014 when exports increased by 82% against the previous year. Over the period under review, the exports hit record highs at X tons in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

In value terms, vulcanised cellular rubber articles exports expanded significantly to $X in 2021. The total export value increased at an average annual rate of +4.2% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2018 with an increase of 24%. As a result, the exports reached the peak of $X; afterwards, it flattened through to 2021.

Exports by Country

In 2021, Denmark (X tons) represented the major exporter of vulcanised cellular rubber articles for technical uses, constituting 87% of total exports. It was distantly followed by Sweden (X tons), comprising an 11% share of total exports.

Denmark was also the fastest-growing in terms of the vulcanised cellular rubber articles for technical uses exports, with a CAGR of +2.9% from 2012 to 2021. Sweden (-1.8%) illustrated a downward trend over the same period. Denmark (+4 p.p.) significantly strengthened its position in terms of the total exports, while Sweden saw its share reduced by -5.2% from 2012 to 2021, respectively.

In value terms, Denmark ($X) remains the largest vulcanised cellular rubber articles supplier in Scandinavia, comprising 78% of total exports. The second position in the ranking was held by Sweden ($X), with a 17% share of total exports.

In Denmark, vulcanised cellular rubber articles exports expanded at an average annual rate of +6.7% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in Scandinavia amounted to $X per ton, growing by 144% against the previous year. In general, the export price continues to indicate a slight increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of origin: the country with the highest price was Sweden ($X per ton), while Denmark totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Denmark (+3.7%).

Imports of Vulcanised Cellular Rubber Articles For Technical Uses

Imports in Scandinavia

In 2021, vulcanised cellular rubber articles imports in Scandinavia soared to X tons, growing by 24% against 2020 figures. In general, imports enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2015 when imports increased by 46%. The volume of import peaked in 2021 and is likely to see gradual growth in years to come.

In value terms, vulcanised cellular rubber articles imports skyrocketed to $X in 2021. Total imports indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +6.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Denmark (X tons) represented the main importer of vulcanised cellular rubber articles for technical uses, mixing up 50% of total imports. Sweden (X tons) took the second position in the ranking, distantly followed by Norway (X tons) and Finland (X tons). All these countries together took approx. 46% share of total imports. Iceland (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Iceland (with a CAGR of +17.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest vulcanised cellular rubber articles importing markets in Scandinavia were Denmark ($X), Sweden ($X) and Norway ($X), with a combined 87% share of total imports. Finland and Iceland lagged somewhat behind, together comprising a further 13%.

In terms of the main importing countries, Iceland, with a CAGR of +9.6%, 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 import price in Scandinavia amounted to $X per ton, rising by 4.8% against the previous year. Over the period under review, the import price, however, recorded a abrupt curtailment. The pace of growth was the most pronounced in 2020 an increase of 6.7%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Finland ($X per ton), while Denmark ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Finland (-1.1%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform