U.S.: Vulcanised Rubber Thread Market 2024

Vulcanised Rubber Thread Market Size in the U.S.

The U.S. vulcanised rubber thread market fell modestly to $X in 2021, remaining relatively unchanged against the previous year. The market value increased at an average annual rate of +1.6% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. As a result, consumption reached the peak level of $X, leveling off in the following year.

Vulcanised Rubber Thread Production in the U.S.

In value terms, vulcanised rubber thread production reduced to $X in 2021. The total output value increased at an average annual rate of +1.3% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2020 with an increase of 22%. As a result, production reached the peak level of $X, and then dropped in the following year.

Vulcanised Rubber Thread Exports

Exports from the U.S.

In 2021, approx. X tons of vulcanised rubber thread and cord were exported from the United States; reducing by -23.9% on the year before. Overall, exports continue to indicate a noticeable slump. The growth pace was the most rapid in 2017 when exports increased by 36%. Over the period under review, the exports reached the peak figure at X tons in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, vulcanised rubber thread exports reduced rapidly to $X in 2021. Over the period under review, exports continue to indicate a noticeable shrinkage. The pace of growth was the most pronounced in 2017 when exports increased by 29%. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Belgium (X tons), El Salvador (X tons) and Canada (X tons) were the main destinations of vulcanised rubber thread exports from the United States, together accounting for 64% of total exports.

From 2012 to 2021, the biggest increases were recorded for El Salvador (with a CAGR of +44.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X), El Salvador ($X) and China ($X) appeared to be the largest markets for vulcanised rubber thread exported from the United States worldwide, together comprising 43% of total exports.

Among the main countries of destination, El Salvador, with a CAGR of +32.8%, 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 thread export price stood at $X per ton in 2021, waning by -3.5% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the average export price increased by 17% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2019; however, from 2020 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to Belgium ($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 Malaysia (+16.2%), while the prices for the other major destinations experienced more modest paces of growth.

Vulcanised Rubber Thread Imports

Imports into the U.S.

In 2021, imports of vulcanised rubber thread and cord into the United States soared to X tons, jumping by 25% on the year before. In general, imports saw a relatively flat trend pattern. The growth pace was the most rapid in 2020 when imports increased by 27% against the previous year. Over the period under review, imports hit record highs at X tons in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, vulcanised rubber thread imports skyrocketed to $X in 2021. Over the period under review, imports, however, saw a deep setback. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Thailand (X tons), China (X tons) and Malaysia (X tons) were the main suppliers of vulcanised rubber thread imports to the United States, with a combined 59% share of total imports. These countries were followed by the UK, Canada, Taiwan (Chinese) and Vietnam, which together accounted for a further 37%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the UK (with a CAGR of +126.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Thailand ($X), Malaysia ($X) and Canada ($X) appeared to be the largest vulcanised rubber thread suppliers to the United States, with a combined 64% share of total imports. These countries were followed by China, the UK, Taiwan (Chinese) and Vietnam, which together accounted for a further 26%.

The UK, with a CAGR of +42.3%, 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 thread import price stood at $X per ton in 2021, with a decrease of -6.9% against the previous year. Overall, the import price continues to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2017 an increase of 17% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Thailand ($X per ton), while the price for the UK ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+4.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :