Slovakia: Vulcanised Rubber Thread Market 2024

Vulcanised Rubber Thread Market Size in Slovakia

In 2021, the Slovak vulcanised rubber thread market was finally on the rise to reach $X after two years of decline. Over the period under review, consumption, however, continues to indicate a noticeable reduction. 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 Slovakia

In value terms, vulcanised rubber thread production soared to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a perceptible downturn. The pace of growth appeared the most rapid in 2018 when the production volume increased by 28%. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2021, production remained at a lower figure.

Vulcanised Rubber Thread Exports

Exports from Slovakia

In 2021, the amount of vulcanised rubber thread and cord exported from Slovakia soared to X kg, jumping by 53% on the previous year. Overall, exports, however, continue to indicate a deep contraction. The most prominent rate of growth was recorded in 2013 when exports increased by 4,029%. As a result, the exports reached the peak of X tons. From 2014 to 2021, the growth of the exports failed to regain momentum.

In value terms, vulcanised rubber thread exports soared to $X in 2021. Over the period under review, exports, however, saw a deep setback. The growth pace was the most rapid in 2013 when exports increased by 616% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

France (X kg) was the main destination for vulcanised rubber thread exports from Slovakia, with a 85% share of total exports. Moreover, vulcanised rubber thread exports to France exceeded the volume sent to the second major destination, Hungary (X kg), more than tenfold. Poland (X kg) ranked third in terms of total exports with a 4.7% share.

From 2012 to 2021, the average annual growth rate of volume to France totaled -8.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hungary (+2.4% per year) and Poland (+216.7% per year).

In value terms, France ($X) remains the key foreign market for vulcanised rubber thread and cord exports from Slovakia, comprising 96% of total exports. The second position in the ranking was taken by Poland ($X), with a 3.6% share of total exports. It was followed by Hungary, with a 0.2% share.

From 2012 to 2021, the average annual growth rate of value to France amounted to -8.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (+239.5% per year) and Hungary (-21.7% per year).

Export Prices by Country

In 2021, the average vulcanised rubber thread export price amounted to $X per ton, waning by -6.7% against the previous year. Overall, the export price, however, continues to indicate a temperate increase. The most prominent rate of growth was recorded in 2014 an increase of 964%. 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 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 France ($X per ton), while the average price for exports to Hungary ($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 Poland (+7.0%), while the prices for the other major destinations experienced a decline.

Vulcanised Rubber Thread Imports

Imports into Slovakia

In 2021, overseas purchases of vulcanised rubber thread and cord increased by 72% to X tons, rising for the second consecutive year after four years of decline. Overall, imports continue to indicate a relatively flat trend pattern. Imports peaked at X tons in 2015; however, from 2016 to 2021, imports remained at a lower figure.

In value terms, vulcanised rubber thread imports totaled $X in 2021. Over the period under review, imports, however, continue to indicate a pronounced decline. The growth pace was the most rapid in 2020 with an increase of 38%. Over the period under review, imports hit record highs at $X in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Malaysia (X tons), Italy (X tons) and the Czech Republic (X tons) were the main suppliers of vulcanised rubber thread imports to Slovakia, together accounting for 93% of total imports.

From 2012 to 2021, the biggest increases were recorded for Malaysia (with a CAGR of +102.0%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the largest vulcanised rubber thread suppliers to Slovakia were Italy ($X), Malaysia ($X) and the Czech Republic ($X), together accounting for 85% of total imports.

Among the main suppliers, Italy, with a CAGR of +102.2%, 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 mixed trend patterns.

Import Prices by Country

In 2021, the average vulcanised rubber thread import price amounted to $X per ton, reducing by -34.1% against the previous year. In general, the import price showed a noticeable descent. The most prominent rate of growth was recorded in 2013 when the average import price increased by 31% against the previous year. As a result, import price attained the peak level of $X per ton. From 2014 to 2021, the average 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 Germany ($X per ton), while the price for Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Luxembourg (+18.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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