Slovakia: Vulcanised Rubber Erases Market 2024

Vulcanised Rubber Erases Market Size in Slovakia

The Slovak vulcanised rubber erases market surged to $X in 2021, growing by 203% against the previous year. Over the period under review, consumption enjoyed a significant expansion. Vulcanised rubber erases consumption peaked at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Vulcanised Rubber Erases Production in Slovakia

In value terms, vulcanised rubber erases production amounted to $X in 2021 estimated in export price. Overall, production continues to indicate a significant contraction. The pace of growth was the most pronounced in 2020 when the production volume decreased by 99.9% against the previous year. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Vulcanised Rubber Erases Exports

Exports from Slovakia

In 2021, after six years of growth, there was significant decline in overseas shipments of erasers of vulcanised rubber, when their volume decreased by -14.3% to X tons. Over the period under review, exports, however, enjoyed a strong increase. The growth pace was the most rapid in 2016 when exports increased by 158% against the previous year. The exports peaked at X tons in 2020, and then fell in the following year.

In value terms, vulcanised rubber erases exports contracted to $X in 2021. Overall, exports, however, posted resilient growth. The pace of growth appeared the most rapid in 2016 with an increase of 153% against the previous year. The exports peaked at $X in 2020, and then reduced in the following year.

Exports by Country

France (X tons) was the main destination for vulcanised rubber erases exports from Slovakia, with a 37% share of total exports. Moreover, vulcanised rubber erases exports to France exceeded the volume sent to the second major destination, Hungary (X tons), twofold. Poland (X tons) ranked third in terms of total exports with a 16% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to France totaled +123.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hungary (+13.1% per year) and Poland (+16.4% per year).

In value terms, France ($X), Poland ($X) and Hungary ($X) appeared to be the largest markets for vulcanised rubber erases exported from Slovakia worldwide, together comprising 68% of total exports.

In terms of the main countries of destination, France, with a CAGR of +110.5%, recorded the highest rates of growth with regard to 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

In 2021, the average vulcanised rubber erases export price amounted to $X per ton, increasing by 1.9% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the average export price increased by 29%. The export price peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Hungary ($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 (+6.5%), while the prices for the other major destinations experienced more modest paces of growth.

Vulcanised Rubber Erases Imports

Imports into Slovakia

In 2021, imports of erasers of vulcanised rubber into Slovakia totaled X tons, picking up by 14% on the previous year's figure. Over the period under review, imports recorded strong growth. The pace of growth was the most pronounced in 2016 when imports increased by 314%. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, vulcanised rubber erases imports surged to $X in 2021. Overall, imports continue to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2016 with an increase of 213%. Imports peaked in 2021 and are expected to retain growth in years to come.

Imports by Country

China (X tons), France (X tons) and Germany (X tons) were the main suppliers of vulcanised rubber erases imports to Slovakia, with a combined 89% share of total imports. The Czech Republic, Spain and the Netherlands lagged somewhat behind, together comprising a further 8.2%.

From 2012 to 2021, the biggest increases were recorded for the Netherlands (with a CAGR of +135.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, France ($X), China ($X) and Germany ($X) were the largest vulcanised rubber erases suppliers to Slovakia, with a combined 81% share of total imports. The Czech Republic, Spain and the Netherlands lagged somewhat behind, together accounting for a further 9.8%.

The Netherlands, with a CAGR of +163.4%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers 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, surging by 7.5% against the previous year. Over the period under review, the import price, however, showed a perceptible setback. The most prominent rate of growth was recorded in 2013 when the average import price increased by 24% against the previous year. As a result, import price reached the peak level of $X per ton. From 2014 to 2021, the average import prices remained at a lower figure.

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 Germany ($X per ton), while the price for China ($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 (+12.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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