Spain: Reclaimed Rubber Market 2024

Reclaimed Rubber Market Size in Spain

The Spanish reclaimed rubber market contracted markedly to $X in 2021, reducing by 99.9% against the previous year. Overall, consumption saw a precipitous curtailment. Reclaimed rubber consumption peaked at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Reclaimed Rubber Production in Spain

In value terms, reclaimed rubber production contracted significantly to $X in 2021 estimated in export price. Over the period under review, production recorded a abrupt descent. The most prominent rate of growth was recorded in 2019 when the production volume decreased by -14.8% against the previous year. Reclaimed rubber production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Reclaimed Rubber Exports

Exports from Spain

In 2021, the amount of reclaimed rubber exported from Spain reached X tons, almost unchanged from 2020. Over the period under review, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when exports increased by 121% against the previous year. As a result, the exports reached the peak of X tons. From 2017 to 2021, the growth of the exports remained at a lower figure.

In value terms, reclaimed rubber exports soared to $X in 2021. In general, total exports indicated measured growth from 2012 to 2021: its value increased at an average annual rate of +2.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +53.7% against 2019 indices. The pace of growth appeared the most rapid in 2014 with an increase of 56%. Over the period under review, the exports reached the peak figure at $X in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X tons) was the main destination for reclaimed rubber exports from Spain, with a 35% share of total exports. Moreover, reclaimed rubber exports to the United States exceeded the volume sent to the second major destination, India (X tons), twofold. Poland (X tons) ranked third in terms of total exports with an 8.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States stood at +300.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (+17.9% per year) and Poland (+5.7% per year).

In value terms, the United States ($X) remains the key foreign market for reclaimed rubber exports from Spain, comprising 41% of total exports. The second position in the ranking was taken by Poland ($X), with a 13% share of total exports. It was followed by France, with a 9% share.

From 2012 to 2021, the average annual growth rate of value to the United States amounted to +259.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (+1.7% per year) and France (+4.1% per year).

Export Prices by Country

The average reclaimed rubber export price stood at $X per ton in 2021, growing by 24% against the previous year. Over the period under review, export price indicated a measured expansion from 2012 to 2021: its price increased at an average annual rate of +2.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, reclaimed rubber export price increased by +43.6% against 2016 indices. The export price peaked at $X per ton in 2015; however, from 2016 to 2021, the export prices remained at a 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 Poland ($X per ton), while the average price for exports to India ($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 Peru (+17.3%), while the prices for the other major destinations experienced more modest paces of growth.

Reclaimed Rubber Imports

Imports into Spain

In 2021, overseas purchases of reclaimed rubber increased by 28% to X tons for the first time since 2017, thus ending a three-year declining trend. Over the period under review, imports continue to indicate a temperate increase. The pace of growth appeared the most rapid in 2014 with an increase of 57%. Over the period under review, imports reached the maximum at X tons in 2017; however, from 2018 to 2021, imports failed to regain momentum.

In value terms, reclaimed rubber imports skyrocketed to $X in 2021. In general, total imports indicated a slight expansion from 2012 to 2021: its value increased at an average annual rate of +1.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Imports peaked at $X in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

Imports by Country

China (X tons), India (X tons) and Germany (X tons) were the main suppliers of reclaimed rubber imports to Spain, with a combined 60% share of total imports. The United States, Sri Lanka, Switzerland, the Netherlands, Belgium and France lagged somewhat behind, together accounting for a further 31%.

From 2012 to 2021, the biggest increases were recorded for Switzerland (with a CAGR of +2,399.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest reclaimed rubber suppliers to Spain were China ($X), Germany ($X) and India ($X), with a combined 62% share of total imports. The United States, France, the Netherlands, Sri Lanka, Switzerland and Belgium lagged somewhat behind, together accounting for a further 26%.

Switzerland, with a CAGR of +1,854.4%, saw 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

The average reclaimed rubber import price stood at $X per ton in 2021, surging by 16% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 an increase of 27%. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, 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 France ($X per ton), while the price for Sri Lanka ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+4.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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