Sweden: Vulcanised Rubber Seal Market 2024

Vulcanised Rubber Seal Market Size in Sweden

In 2022, the Swedish vulcanised rubber seal market decreased by -17.1% to $X for the first time since 2016, thus ending a five-year rising trend. Over the period under review, consumption, however, continues to indicate temperate growth. As a result, consumption attained the peak level of $X, and then fell significantly in the following year.

Vulcanised Rubber Seal Production in Sweden

In value terms, vulcanised rubber seal production stood at $X in 2022 estimated in export price. In general, production, however, continues to indicate a resilient expansion. The growth pace was the most rapid in 2019 when the production volume increased by 176%. Vulcanised rubber seal production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Vulcanised Rubber Seal Exports

Exports from Sweden

In 2022, vulcanised rubber seal exports from Sweden fell to X tons, reducing by -3.4% on 2021. In general, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by 27%. The exports peaked at X tons in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, vulcanised rubber seal exports shrank to $X in 2022. The total export value increased at an average annual rate of +2.4% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 26% against the previous year. As a result, the exports reached the peak of $X, and then dropped in the following year.

Exports by Country

Germany (X tons), the United States (X tons) and the Netherlands (X tons) were the main destinations of vulcanised rubber seal exports from Sweden, together comprising 34% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Netherlands (with a CAGR of +8.0%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for vulcanised rubber seal exported from Sweden were the United States ($X), Germany ($X) and China ($X), with a combined 32% share of total exports.

China, with a CAGR of +6.6%, recorded the highest growth rate of the value of exports, in terms of 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 rubber seal export price stood at $X per ton in 2022, with a decrease of -2.4% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.2%. The most prominent rate of growth was recorded in 2020 when the average export price increased by 18%. As a result, the export price attained the peak level of $X per ton. From 2021 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to Estonia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+5.3%), while the prices for the other major destinations experienced more modest paces of growth.

Vulcanised Rubber Seal Imports

Imports into Sweden

For the fourth year in a row, Sweden recorded decline in supplies from abroad of seals of vulcanised rubber, which decreased by -13.9% to X tons in 2022. Over the period under review, imports continue to indicate a noticeable descent. The pace of growth was the most pronounced in 2015 with an increase of 36% against the previous year. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, vulcanised rubber seal imports fell to $X in 2022. Overall, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 17%. As a result, imports attained the peak of $X, and then reduced modestly in the following year.

Imports by Country

In 2022, Poland (X tons) constituted the largest vulcanised rubber seal supplier to Sweden, accounting for a 29% share of total imports. Moreover, vulcanised rubber seal imports from Poland exceeded the figures recorded by the second-largest supplier, Germany (X tons), twofold. The third position in this ranking was held by Sri Lanka (X tons), with a 9.4% share.

From 2012 to 2022, the average annual growth rate of volume from Poland amounted to +6.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-10.7% per year) and Sri Lanka (+1.7% per year).

In value terms, the largest vulcanised rubber seal suppliers to Sweden were Germany ($X), Poland ($X) and Italy ($X), with a combined 47% share of total imports. China, France, Sri Lanka, the UK, Denmark, the Netherlands, Belgium, Turkey, Norway and the Czech Republic lagged somewhat behind, together accounting for a further 38%.

Turkey, with a CAGR of +12.5%, recorded the highest rates of growth with regard to the value of imports, among 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 vulcanised rubber seal import price stood at $X per ton in 2022, with an increase of 10% against the previous year. Over the period under review, import price indicated pronounced growth from 2012 to 2022: its price increased at an average annual rate of +2.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, vulcanised rubber seal import price increased by +66.7% against 2015 indices. The pace of growth appeared the most rapid in 2021 when the average import price increased by 20%. Over the period under review, average import prices reached the peak figure in 2022 and is likely to see steady growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per ton), while the price for the Czech Republic ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+10.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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