Switzerland: Vulcanised Rubber Thread Market 2024

Vulcanised Rubber Thread Market Size in Switzerland

The Swiss vulcanised rubber thread market contracted to $X in 2021, dropping by -1.8% against the previous year. Over the period under review, consumption recorded a pronounced decline. Vulcanised rubber thread consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Vulcanised Rubber Thread Production in Switzerland

In value terms, vulcanised rubber thread production shrank dramatically to $X in 2021 estimated in export price. In general, production saw a perceptible decrease. The most prominent rate of growth was recorded in 2018 when the production volume increased by 57% against the previous year. Vulcanised rubber thread production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Vulcanised Rubber Thread Exports

Exports from Switzerland

In 2021, after four years of decline, there was significant growth in shipments abroad of vulcanised rubber thread and cord, when their volume increased by 112% to X tons. Over the period under review, exports continue to indicate a significant increase. The growth pace was the most rapid in 2015 with an increase of 3,866%. The exports peaked in 2021 and are likely to see gradual growth in years to come.

In value terms, vulcanised rubber thread exports skyrocketed to $X in 2021. In general, exports showed significant growth. The pace of growth was the most pronounced in 2015 with an increase of 5,217% against the previous year. Over the period under review, the exports reached the peak figure in 2021 and are likely to see steady growth in the immediate term.

Exports by Country

The United States (X tons), Germany (X tons) and France (X tons) were the main destinations of vulcanised rubber thread exports from Switzerland, together comprising 93% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United States (with a CAGR of +193.9%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Germany ($X) and France ($X) appeared to be the largest markets for vulcanised rubber thread exported from Switzerland worldwide, with a combined 79% share of total exports. China, India and Canada lagged somewhat behind, together accounting for a further 5.6%.

China, with a CAGR of +486.4%, 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 rubber thread export price stood at $X per ton in 2021, surging by 13% against the previous year. Overall, the export price, however, continues to indicate a abrupt contraction. The pace of growth appeared the most rapid in 2015 when the average export price increased by 34% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Canada ($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 Kuwait (+111.4%), while the prices for the other major destinations experienced more modest paces of growth.

Vulcanised Rubber Thread Imports

Imports into Switzerland

In 2021, overseas purchases of vulcanised rubber thread and cord were finally on the rise to reach X tons for the first time since 2017, thus ending a three-year declining trend. Over the period under review, imports showed a relatively flat trend pattern. Over the period under review, imports hit record highs at X tons in 2015; however, from 2016 to 2021, imports remained at a lower figure.

In value terms, vulcanised rubber thread imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +3.7% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Malaysia (X tons), Thailand (X tons) and Italy (X tons) were the main suppliers of vulcanised rubber thread imports to Switzerland, with a combined 92% share of total imports. These countries were followed by Germany and China, which together accounted for a further 5.2%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +31.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), Malaysia ($X) and Thailand ($X) constituted the largest vulcanised rubber thread suppliers to Switzerland, together comprising 74% of total imports. China and Germany lagged somewhat behind, together accounting for a further 8.9%.

China, with a CAGR of +25.1%, recorded 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

In 2021, the average vulcanised rubber thread import price amounted to $X per ton, shrinking by -7.4% against the previous year. Over the period under review, import price indicated pronounced growth from 2012 to 2021: its price increased at an average annual rate of +3.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, vulcanised rubber thread import price increased by +52.6% against 2015 indices. The most prominent rate of growth was recorded in 2020 an increase of 55%. As a result, import price reached the peak level of $X per ton, and then fell in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+4.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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