Spain: Vulcanised Rubber Erases Market 2024

Vulcanised Rubber Erases Market Size in Spain

The Spanish vulcanised rubber erases market dropped to $X in 2021, with a decrease of -9.8% against the previous year. The market value increased at an average annual rate of +1.7% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Vulcanised rubber erases consumption peaked at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Vulcanised Rubber Erases Production in Spain

In value terms, vulcanised rubber erases production reduced modestly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.4% from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2019 with an increase of 11%. Vulcanised rubber erases production peaked at $X in 2020, and then reduced in the following year.

Vulcanised Rubber Erases Exports

Exports from Spain

In 2021, the amount of erasers of vulcanised rubber exported from Spain expanded remarkably to X tons, picking up by 13% on the previous year's figure. Overall, exports, however, showed a perceptible downturn. The most prominent rate of growth was recorded in 2019 when exports increased by 23%. As a result, the exports reached the peak of X tons. From 2020 to 2021, the growth of the exports failed to regain momentum.

In value terms, vulcanised rubber erases exports surged to $X in 2021. The total export value increased at an average annual rate of +1.4% from 2012 to 2021; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

Exports by Country

The United States (X tons), Chile (X tons) and Italy (X tons) were the main destinations of vulcanised rubber erases exports from Spain, with a combined 44% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Italy (with a CAGR of +15.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), France ($X) and Chile ($X) appeared to be the largest markets for vulcanised rubber erases exported from Spain worldwide, with a combined 38% share of total exports. These countries were followed by Germany, Italy, Poland, the UK, Portugal, Mexico, Russia, Romania, Ireland and Pakistan, which together accounted for a further 43%.

Among the main countries of destination, the UK, with a CAGR of +18.4%, recorded the highest growth rate of 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, rising by 21% against the previous year. Over the last nine-year period, it increased at an average annual rate of +3.9%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Pakistan ($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 Germany (+17.7%), while the prices for the other major destinations experienced more modest paces of growth.

Vulcanised Rubber Erases Imports

Imports into Spain

In 2021, supplies from abroad of erasers of vulcanised rubber was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. In general, imports, however, showed a pronounced curtailment. The most prominent rate of growth was recorded in 2014 when imports increased by 41% against the previous year. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, vulcanised rubber erases imports skyrocketed to $X in 2021. Over the period under review, imports, however, recorded a mild contraction. Imports peaked at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of vulcanised rubber erases to Spain, with a 58% share of total imports. Moreover, vulcanised rubber erases imports from China exceeded the figures recorded by the second-largest supplier, Germany (X tons), sixfold. The third position in this ranking was held by Austria (X tons), with a 6.1% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at -4.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+21.2% per year) and Austria (+159.5% per year).

In value terms, China ($X), Germany ($X) and France ($X) were the largest vulcanised rubber erases suppliers to Spain, together comprising 61% of total imports. These countries were followed by Austria, Italy, the Netherlands, Taiwan (Chinese) and the Czech Republic, which together accounted for a further 24%.

Among the main suppliers, Austria, with a CAGR of +144.2%, saw the highest growth rate of 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 average vulcanised rubber erases import price stood at $X per ton in 2021, increasing by 22% against the previous year. In general, the import price enjoyed tangible growth. The pace of growth appeared the most rapid in 2020 when the average import price increased by 54% against the previous year. Over the period under review, average import prices reached the maximum in 2021 and is expected to retain growth in years to come.

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 the Czech Republic ($X per ton), while the price for Taiwan (Chinese) ($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 Czech Republic (+9.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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