U.S.: Vulcanised Rubber Erases Market 2024

Vulcanised Rubber Erases Market Size in the U.S.

The U.S. vulcanised rubber erases market amounted to $X in 2021, growing by 1.8% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption saw a deep downturn. Vulcanised rubber erases consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Vulcanised Rubber Erases Exports

Exports from the U.S.

In 2021, shipments abroad of erasers of vulcanised rubber was finally on the rise to reach X tons after two years of decline. Over the period under review, exports, however, showed a drastic downturn. The pace of growth was the most pronounced in 2018 when exports increased by 37% against the previous year. The exports peaked at X tons in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

In value terms, vulcanised rubber erases exports declined slightly to $X in 2021. In general, exports, however, saw a noticeable decrease. The pace of growth was the most pronounced in 2018 with an increase of 77% against the previous year. As a result, the exports attained the peak of $X. From 2019 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Mexico (X tons) was the main destination for vulcanised rubber erases exports from the United States, with a 79% share of total exports. Moreover, vulcanised rubber erases exports to Mexico exceeded the volume sent to the second major destination, Canada (X tons), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Mexico totaled -5.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (-30.1% per year) and the UK (-16.8% per year).

In value terms, the largest markets for vulcanised rubber erases exported from the United States were Canada ($X), Mexico ($X) and the UK ($X), together comprising 80% of total exports.

Mexico, with a CAGR of -2.4%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average vulcanised rubber erases export price stood at $X per ton in 2021, dropping by -24.9% against the previous year. Overall, the export price, however, saw a remarkable increase. The pace of growth was the most pronounced in 2020 when the average export price increased by 73% against the previous year. As a result, the export price attained the peak level of $X per ton, and then shrank significantly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Canada ($X per ton), while the average price for exports to the UK ($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 Canada (+39.3%), while the prices for the other major destinations experienced mixed trend patterns.

Vulcanised Rubber Erases Imports

Imports into the U.S.

In 2021, overseas purchases of erasers of vulcanised rubber decreased by -0.3% to X tons, falling for the sixth year in a row after two years of growth. Overall, imports saw a abrupt curtailment. The pace of growth appeared the most rapid in 2015 with an increase of 24%. As a result, imports attained the peak of X tons. From 2016 to 2021, the growth of imports remained at a lower figure.

In value terms, vulcanised rubber erases imports expanded modestly to $X in 2021. Over the period under review, imports showed a abrupt curtailment. The growth pace was the most rapid in 2014 when imports increased by 9.2%. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X tons) constituted the largest vulcanised rubber erases supplier to the United States, with a 83% share of total imports. Moreover, vulcanised rubber erases imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X tons), more than tenfold. The third position in this ranking was held by Spain (X tons), with a 3.1% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled -5.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (-14.8% per year) and Spain (-2.1% per year).

In value terms, China ($X) constituted the largest supplier of erasers of vulcanised rubber to the United States, comprising 66% of total imports. The second position in the ranking was held by Japan ($X), with an 8.5% share of total imports. It was followed by Taiwan (Chinese), with a 7.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to -8.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-6.6% per year) and Taiwan (Chinese) (-11.4% per year).

Import Prices by Country

The average vulcanised rubber erases import price stood at $X per ton in 2021, picking up by 4.1% against the previous year. In general, the import price, however, saw a mild curtailment. The most prominent rate of growth was recorded in 2019 when the average import price increased by 8.1% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+26.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :