U.S.: Vulcanised Rubber Seal Market 2024

Vulcanised Rubber Seal Market Size in the U.S.

For the eighth year in a row, the U.S. vulcanised rubber seal market recorded growth in sales value, which increased by 10% to $X in 2022. In general, consumption recorded strong growth. Vulcanised rubber seal consumption peaked in 2022 and is likely to see gradual growth in the near future.

Vulcanised Rubber Seal Production in the U.S.

In value terms, vulcanised rubber seal production expanded slightly to $X in 2022. Overall, production, however, recorded buoyant growth. The most prominent rate of growth was recorded in 2019 when the production volume increased by 31% against the previous year. Vulcanised rubber seal production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Vulcanised Rubber Seal Exports

Exports from the U.S.

In 2022, overseas shipments of seals of vulcanised rubber increased by 12% to X tons, rising for the second year in a row after six years of decline. Overall, exports, however, showed a deep setback. The exports peaked at X tons in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, vulcanised rubber seal exports surged to $X in 2022. The total export value increased at an average annual rate of +2.1% from 2012 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Mexico (X tons) was the main destination for vulcanised rubber seal exports from the United States, accounting for a 67% share of total exports. Moreover, vulcanised rubber seal exports to Mexico exceeded the volume sent to the second major destination, China (X tons), more than tenfold. The third position in this ranking was held by Canada (X tons), with a 2.8% share.

From 2012 to 2022, the average annual growth rate of volume to Mexico totaled +5.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (-9.6% per year) and Canada (-26.3% per year).

In value terms, the largest markets for vulcanised rubber seal exported from the United States were Mexico ($X), Canada ($X) and China ($X), together comprising 59% of total exports. Singapore, Germany, Australia, Brazil, the UK and India lagged somewhat behind, together comprising a further 15%.

In terms of the main countries of destination, India, with a CAGR of +8.8%, recorded the highest rates of growth with regard to the value of exports, 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, picking up by 3.4% against the previous year. Over the period under review, the export price recorded a resilient expansion. The most prominent rate of growth was recorded in 2020 an increase of 21%. Over the period under review, the average export prices attained the maximum in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Canada ($X per ton), while the average price for exports to Mexico ($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 Canada (+34.6%), while the prices for the other major destinations experienced more modest paces of growth.

Vulcanised Rubber Seal Imports

Imports into the U.S.

Vulcanised rubber seal imports into the United States skyrocketed to X tons in 2022, growing by 21% against the previous year's figure. In general, total imports indicated a prominent increase from 2012 to 2022: its volume increased at an average annual rate of +5.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +50.4% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 24% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, vulcanised rubber seal imports rose notably to $X in 2022. The total import value increased at an average annual rate of +3.5% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 24% against the previous year. Imports peaked in 2022 and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Mexico (X tons) constituted the largest supplier of vulcanised rubber seal to the United States, accounting for a 33% share of total imports. Moreover, vulcanised rubber seal imports from Mexico exceeded the figures recorded by the second-largest supplier, China (X tons), twofold. Japan (X tons) ranked third in terms of total imports with an 8.9% share.

From 2012 to 2022, the average annual growth rate of volume from Mexico stood at +12.7%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+5.0% per year) and Japan (+4.7% per year).

In value terms, Mexico ($X) constituted the largest supplier of seals of vulcanised rubber to the United States, comprising 25% of total imports. The second position in the ranking was taken by China ($X), with an 11% share of total imports. It was followed by Japan, with a 10% share.

From 2012 to 2022, the average annual growth rate of value from Mexico amounted to +8.4%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+1.0% per year) and Japan (-1.1% per year).

Import Prices by Country

The average vulcanised rubber seal import price stood at $X per ton in 2022, which is down by -5.1% against the previous year. Over the period under review, the import price continues to indicate a slight reduction. The pace of growth appeared the most rapid in 2014 when the average import price increased by 6.8%. As a result, import price reached the peak level of $X per ton. From 2015 to 2022, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+3.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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