Spain: Market for Vulcanised Cellular Rubber Articles For Technical Uses 2025

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

In 2021, after three years of growth, there was significant decline in the Spanish vulcanised cellular rubber articles market, when its value decreased by -16.8% to $X. In general, the total consumption indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +5.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +14.0% against 2016 indices. Over the period under review, the market hit record highs at $X in 2020, and then contracted notably in the following year.

Production of Vulcanised Cellular Rubber Articles For Technical Uses in Spain

In value terms, vulcanised cellular rubber articles production soared to $X in 2021 estimated in export price. Over the period under review, production, however, posted a resilient increase. The pace of growth appeared the most rapid in 2014 when the production volume increased by 33% against the previous year. Vulcanised cellular rubber articles production peaked in 2021 and is expected to retain growth in the near future.

Exports of Vulcanised Cellular Rubber Articles For Technical Uses

Exports from Spain

In 2021, approx. X tons of vulcanised cellular rubber articles for technical uses were exported from Spain; growing by 11% on the previous year's figure. Overall, exports, however, showed a slight slump. The pace of growth appeared the most rapid in 2019 with an increase of 32%. As a result, the exports attained the peak of X tons. From 2020 to 2021, the growth of the exports failed to regain momentum.

In value terms, vulcanised cellular rubber articles exports skyrocketed to $X in 2021. Over the period under review, exports, however, continue to indicate a slight downturn. The growth pace was the most rapid in 2019 when exports increased by 59% against the previous year. As a result, the exports attained the peak of $X. From 2020 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

The United States (X tons), France (X tons) and Portugal (X tons) were the main destinations of vulcanised cellular rubber articles exports from Spain, together accounting for 53% of total exports. These countries were followed by Poland, Italy, Germany, Romania, the UK, Slovakia and Belgium, which together accounted for a further 40%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Romania (with a CAGR of +207.9%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), France ($X) and Portugal ($X) were the largest markets for vulcanised cellular rubber articles exported from Spain worldwide, with a combined 47% share of total exports. These countries were followed by Poland, Italy, Germany, Romania, the UK, Belgium and Slovakia, which together accounted for a further 44%.

Romania, with a CAGR of +210.1%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average vulcanised cellular rubber articles export price stood at $X per ton in 2021, rising by 6.2% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 an increase of 33%. The export price peaked in 2021 and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Germany ($X per ton), while the average price for exports to the United States ($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 France (+4.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Vulcanised Cellular Rubber Articles For Technical Uses

Imports into Spain

In 2021, supplies from abroad of vulcanised cellular rubber articles for technical uses increased by 12% to X tons, rising for the third year in a row after two years of decline. Over the period under review, total imports indicated a moderate increase from 2012 to 2021: its volume increased at an average annual rate of +2.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +50.5% against 2018 indices. The pace of growth was the most pronounced in 2019 when imports increased by 34%. Over the period under review, imports reached the peak figure in 2021 and are likely to continue growth in years to come.

In value terms, vulcanised cellular rubber articles imports soared to $X in 2021. Overall, imports posted a prominent expansion. The most prominent rate of growth was recorded in 2019 when imports increased by 47% against the previous year. Over the period under review, imports reached the peak figure in 2021 and are expected to retain growth in years to come.

Imports by Country

In 2021, China (X tons) constituted the largest vulcanised cellular rubber articles supplier to Spain, accounting for a 61% share of total imports. Moreover, vulcanised cellular rubber articles imports from China exceeded the figures recorded by the second-largest supplier, Greece (X tons), fivefold. Germany (X tons) ranked third in terms of total imports with a 7.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +24.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Greece (-4.8% per year) and Germany (+16.2% per year).

In value terms, China ($X) constituted the largest supplier of vulcanised cellular rubber articles for technical uses to Spain, comprising 46% of total imports. The second position in the ranking was held by Germany ($X), with a 16% share of total imports. It was followed by Greece, with an 8.3% share.

From 2012 to 2021, the average annual growth rate of value from China stood at +27.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+5.6% per year) and Greece (-4.9% per year).

Import Prices by Country

In 2021, the average vulcanised cellular rubber articles import price amounted to $X per ton, surging by 7.6% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.7%. The growth pace was the most rapid in 2017 when the average import price increased by 37%. Over the period under review, average import prices attained the maximum in 2021 and is expected to retain growth in years to come.

Prices varied noticeably country of origin: the country with the highest price was France ($X per ton), while the price for Greece ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+12.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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