Switzerland: Vulcanised Rubber Erases Market 2024

Vulcanised Rubber Erases Market Size in Switzerland

In 2021, after two years of decline, there was significant growth in the Swiss vulcanised rubber erases market, when its value increased by 13% to $X. The market value increased at an average annual rate of +1.9% 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 2015; however, from 2016 to 2021, consumption remained at a lower figure.

Vulcanised Rubber Erases Exports

Exports from Switzerland

In 2021, the amount of erasers of vulcanised rubber exported from Switzerland soared to X tons, jumping by 90% compared with the previous year's figure. In general, total exports indicated mild growth from 2012 to 2021: its volume increased at an average annual rate of +1.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -15.4% against 2017 indices. The exports peaked at X tons in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

In value terms, vulcanised rubber erases exports surged to $X in 2021. Overall, total exports indicated a measured expansion from 2012 to 2021: its value increased at an average annual rate of +3.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The exports peaked at $X in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

Exports by Country

Germany (X tons) was the main destination for vulcanised rubber erases exports from Switzerland, accounting for a 41% share of total exports. Moreover, vulcanised rubber erases exports to Germany exceeded the volume sent to the second major destination, Hong Kong SAR (X tons), twofold. The third position in this ranking was held by the United States (X kg), with a 12% share.

From 2012 to 2021, the average annual growth rate of volume to Germany stood at +2.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hong Kong SAR (+9.8% per year) and the United States (+13.6% per year).

In value terms, the largest markets for vulcanised rubber erases exported from Switzerland were Hong Kong SAR ($X), Germany ($X) and the United States ($X), with a combined 58% share of total exports. The UK, France, India, Japan, Australia, Italy, South Korea, Poland and China lagged somewhat behind, together comprising a further 31%.

India, with a CAGR of +140.8%, 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

In 2021, the average vulcanised rubber erases export price amounted to $X per ton, reducing by -15.8% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.2%. The pace of growth appeared the most rapid in 2020 when the average export price increased by 24%. As a result, the export price attained the peak level of $X per ton, and then plummeted in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($X per ton), while the average price for exports to Germany ($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 Italy (+7.4%), while the prices for the other major destinations experienced more modest paces of growth.

Vulcanised Rubber Erases Imports

Imports into Switzerland

In 2021, overseas purchases of erasers of vulcanised rubber were finally on the rise to reach X tons after three years of decline. Over the period under review, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of 50%. As a result, imports reached the peak of X tons. From 2016 to 2021, the growth of imports failed to regain momentum.

In value terms, vulcanised rubber erases imports soared to $X in 2021. The total import value increased at an average annual rate of +2.5% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when imports increased by 40% against the previous year. Over the period under review, imports attained the peak figure at $X in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of vulcanised rubber erases to Switzerland, accounting for a 53% share of total imports. Moreover, vulcanised rubber erases imports from China exceeded the figures recorded by the second-largest supplier, Malaysia (X tons), threefold. The third position in this ranking was taken by Germany (X tons), with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+3.2% per year) and Germany (-3.8% per year).

In value terms, China ($X), Germany ($X) and Malaysia ($X) appeared to be the largest vulcanised rubber erases suppliers to Switzerland, with a combined 78% share of total imports. Taiwan (Chinese), Spain, the UK and France lagged somewhat behind, together accounting for a further 14%.

In terms of the main suppliers, the UK, with a CAGR of +23.8%, 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

In 2021, the average vulcanised rubber erases import price amounted to $X per ton, with an increase of 6.2% against the previous year. Over the last nine years, it increased at an average annual rate of +2.2%. The pace of growth appeared the most rapid in 2016 an increase of 19%. The import price peaked in 2021 and is expected to retain growth in the near future.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+9.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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