United Kingdom: Unvulcanised Rubber Market 2024

Unvulcanised Rubber Market Size in the UK

In 2021, the UK unvulcanised rubber market was finally on the rise to reach $X after two years of decline. In general, consumption, however, continues to indicate a slight contraction. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the market remained at a somewhat lower figure.

Unvulcanised Rubber Production in the UK

In value terms, unvulcanised rubber production stood at $X in 2021 estimated in export price. In general, production, however, showed a drastic downturn. The growth pace was the most rapid in 2017 with an increase of 6.3% against the previous year. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Unvulcanised Rubber Exports

Exports from the UK

After two years of decline, shipments abroad of unvulcanised rubber increased by 53% to X tons in 2021. The total export volume increased at an average annual rate of +3.9% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, unvulcanised rubber exports skyrocketed to $X in 2021. The total export value increased at an average annual rate of +2.8% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Belgium (X tons) was the main destination for unvulcanised rubber exports from the UK, accounting for a 79% share of total exports. Moreover, unvulcanised rubber exports to Belgium exceeded the volume sent to the second major destination, France (X tons), more than tenfold. The third position in this ranking was taken by Poland (X tons), with a 2.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Belgium stood at +4.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+10.7% per year) and Poland (+6.9% per year).

In value terms, Belgium ($X) remains the key foreign market for unvulcanised rubber exports from the UK, comprising 69% of total exports. The second position in the ranking was held by France ($X), with a 4.4% share of total exports. It was followed by Poland, with a 4% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Belgium stood at +4.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+4.0% per year) and Poland (+7.3% per year).

Export Prices by Country

In 2021, the average unvulcanised rubber export price amounted to $X per ton, shrinking by -2.8% against the previous year. Overall, the export price showed a mild decline. The pace of growth appeared the most rapid in 2013 an increase of 5.9%. Over the period under review, the average export prices attained the maximum at $X per ton in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to France ($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 Germany (+1.6%), while the prices for the other major destinations experienced more modest paces of growth.

Unvulcanised Rubber Imports

Imports into the UK

In 2021, after two years of decline, there was significant growth in supplies from abroad of unvulcanised rubber, when their volume increased by 7.6% to X tons. Overall, imports, however, continue to indicate a perceptible downturn. The pace of growth appeared the most rapid in 2017 with an increase of 49% against the previous year. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, unvulcanised rubber imports surged to $X in 2021. In general, imports, however, showed a perceptible downturn. The pace of growth appeared the most rapid in 2017 with an increase of 46%. Imports peaked at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

Germany (X tons), France (X tons) and Brazil (X tons) were the main suppliers of unvulcanised rubber imports to the UK, together accounting for 64% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Brazil (with a CAGR of +95.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of unvulcanised rubber to the UK, comprising 32% of total imports. The second position in the ranking was held by Italy ($X), with a 16% share of total imports. It was followed by France, with a 13% share.

From 2012 to 2021, the average annual growth rate of value from Germany stood at -8.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+11.2% per year) and France (-5.6% per year).

Import Prices by Country

The average unvulcanised rubber import price stood at $X per ton in 2021, growing by 14% against the previous year. In general, the import price, however, recorded a mild contraction. The most prominent rate of growth was recorded in 2020 an increase of 18% against the previous year. The import price peaked at $X per ton in 2013; however, from 2014 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 Poland ($X per ton), while the price for Brazil ($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 (+9.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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