United Kingdom: Reclaimed Rubber Market 2024

Reclaimed Rubber Market Size in the UK

In 2021, the UK reclaimed rubber market decreased by -5.9% to $X for the first time since 2017, thus ending a three-year rising trend. Over the period under review, consumption continues to indicate a abrupt contraction. Reclaimed rubber consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Reclaimed Rubber Production in the UK

In value terms, reclaimed rubber production shrank modestly to $X in 2021 estimated in export price. Overall, production recorded a abrupt slump. The most prominent rate of growth was recorded in 2014 with an increase of 26% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2021, production growth remained at a lower figure.

Reclaimed Rubber Exports

Exports from the UK

In 2021, approx. X tons of reclaimed rubber were exported from the UK; picking up by 229% compared with 2020 figures. Over the period under review, exports recorded a remarkable increase. The most prominent rate of growth was recorded in 2016 when exports increased by 242%. The exports peaked in 2021 and are expected to retain growth in years to come.

In value terms, reclaimed rubber exports fell modestly to $X in 2021. In general, exports, however, continue to indicate a noticeable downturn. The most prominent rate of growth was recorded in 2014 with an increase of 114%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Morocco (X tons) was the main destination for reclaimed rubber exports from the UK, accounting for a 69% share of total exports. Moreover, reclaimed rubber exports to Morocco exceeded the volume sent to the second major destination, New Zealand (X tons), more than tenfold. Chile (X tons) ranked third in terms of total exports with a 3.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Morocco amounted to +167.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: New Zealand (+9.3% per year) and Chile (-14.9% per year).

In value terms, Ireland ($X), Germany ($X) and the Netherlands ($X) appeared to be the largest markets for reclaimed rubber exported from the UK worldwide, together accounting for 42% of total exports. France, Norway, Morocco, New Zealand, Chile, Denmark, the United Arab Emirates and Japan lagged somewhat behind, together accounting for a further 28%.

Morocco, with a CAGR of +61.8%, 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

In 2021, the average reclaimed rubber export price amounted to $X per ton, shrinking by -70.9% against the previous year. Overall, the export price recorded a deep setback. The pace of growth was the most pronounced in 2014 when the average export price increased by 145%. The export price peaked at $X per ton in 2015; however, from 2016 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Morocco ($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 Denmark (+6.6%), while the prices for the other major destinations experienced more modest paces of growth.

Reclaimed Rubber Imports

Imports into the UK

In 2021, overseas purchases of reclaimed rubber were finally on the rise to reach X tons after two years of decline. In general, imports saw a prominent increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, reclaimed rubber imports skyrocketed to $X in 2021. Overall, imports saw a prominent increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

China (X tons), the Netherlands (X tons) and Canada (X tons) were the main suppliers of reclaimed rubber imports to the UK, together comprising 74% of total imports. These countries were followed by India, Portugal, Italy, Brazil, Luxembourg, France and Germany, which together accounted for a further 24%.

From 2012 to 2021, the biggest increases were recorded for Portugal (with a CAGR of +177.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of reclaimed rubber to the UK, comprising 48% of total imports. The second position in the ranking was taken by Canada ($X), with a 15% share of total imports. It was followed by India, with a 9.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at +28.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (+15.9% per year) and India (+0.6% per year).

Import Prices by Country

The average reclaimed rubber import price stood at $X per ton in 2021, rising by 6.2% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the average import price increased by 22% against the previous year. As a result, import price reached the peak level of $X per ton. From 2015 to 2021, the average import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Brazil (+20.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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