Global Vulcanised Rubber Seal Market 2024

Vulcanised Rubber Seal Market Size

The global vulcanised rubber seal market expanded slightly to $X in 2022, with an increase of 3.7% against the previous year. Over the period under review, the total consumption indicated a perceptible increase from 2012 to 2022: its value increased at an average annual rate of +4.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +53.7% against 2012 indices. Over the period under review, the global market attained the peak level in 2022 and is expected to retain growth in the near future.

Vulcanised Rubber Seal Production

In value terms, vulcanised rubber seal production reduced modestly to $X in 2022 estimated in export price. Overall, the total production indicated a tangible increase from 2012 to 2022: its value increased at an average annual rate of +4.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by +0.7% against 2020 indices. The pace of growth appeared the most rapid in 2016 with an increase of 21% against the previous year. Over the period under review, global production reached the peak level at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Vulcanised Rubber Seal Exports

Exports

In 2022, the amount of seals of vulcanised rubber exported worldwide contracted slightly to X tons, with a decrease of -3% compared with 2021. The total export volume increased at an average annual rate of +1.7% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2015 when exports increased by 12% against the previous year. Over the period under review, the global exports attained the peak figure at X tons in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, vulcanised rubber seal exports shrank slightly to $X in 2022. The total export value increased at an average annual rate of +3.0% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 20%. As a result, the exports attained the peak of $X, and then shrank in the following year.

Exports by Country

In 2022, China (X tons), distantly followed by Poland (X tons), Germany (X tons), Mexico (X tons) and the United States (X tons) represented the key exporters of seals of vulcanised rubber, together achieving 52% of total exports. France (X tons), India (X tons), Italy (X tons), South Korea (X tons), Vietnam (X tons), Thailand (X tons), Japan (X tons) and Costa Rica (X tons) held a relatively small share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Thailand (with a CAGR of +8.4%), while the other global leaders experienced more modest paces of growth.

In value terms, the United States ($X), Germany ($X) and China ($X) appeared to be the countries with the highest levels of exports in 2022, with a combined 38% share of global exports. Japan, Mexico, France, Poland, Italy, Vietnam, South Korea, Thailand, India and Costa Rica lagged somewhat behind, together accounting for a further 32%.

Vietnam, with a CAGR of +11.5%, recorded the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other global 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, rising by 1.9% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.3%. The growth pace was the most rapid in 2017 an increase of 7.8% against the previous year. Over the period under review, the average export prices reached the peak figure in 2022 and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+8.2%), while the other global leaders experienced more modest paces of growth.

Vulcanised Rubber Seal Imports

Imports

In 2022, supplies from abroad of seals of vulcanised rubber increased by 2.4% to X tons, rising for the second consecutive year after two years of decline. Overall, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 13% against the previous year. Over the period under review, global imports hit record highs in 2022 and are likely to continue growth in the immediate term.

In value terms, vulcanised rubber seal imports stood at $X in 2022. The total import value increased at an average annual rate of +2.7% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 19%. Global imports peaked in 2022 and are likely to continue growth in years to come.

Imports by Country

In 2022, the United States (X tons) was the largest importer of seals of vulcanised rubber, mixing up 25% of total imports. It was distantly followed by Germany (X tons) and Mexico (X tons), together making up a 17% share of total imports. Poland (X tons), France (X tons), Hungary (X tons), the Czech Republic (X tons), the UK (X tons), China (X tons), Spain (X tons), India (X tons), Japan (X tons) and Romania (X tons) held a relatively small share of total imports.

Imports into the United States increased at an average annual rate of +5.3% from 2012 to 2022. At the same time, Hungary (+10.2%), Spain (+8.7%), Romania (+3.0%), France (+1.8%), Germany (+1.4%) and Japan (+1.1%) displayed positive paces of growth. Moreover, Hungary emerged as the fastest-growing importer imported in the world, with a CAGR of +10.2% from 2012-2022. Poland experienced a relatively flat trend pattern. By contrast, China (-1.3%), the UK (-2.9%), India (-4.1%), Mexico (-5.0%) and the Czech Republic (-6.5%) illustrated a downward trend over the same period. From 2012 to 2022, the share of the United States and Hungary increased by +8.7 and +1.6 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X), Germany ($X) and China ($X) appeared to be the countries with the highest levels of imports in 2022, together accounting for 35% of global imports. Mexico, France, India, Poland, Japan, the Czech Republic, the UK, Spain, Hungary and Romania lagged somewhat behind, together comprising a further 25%.

In terms of the main importing countries, Spain, with a CAGR of +5.2%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average vulcanised rubber seal import price amounted to $X per ton, which is down by -2.3% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.8%. The growth pace was the most rapid in 2014 when the average import price increased by 8.8%. Global import price peaked at $X per ton in 2021, and then fell in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was China ($X per ton), while Hungary ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+9.0%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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