Overview of the Global Market for Vulcanised Cellular Rubber Articles For Technical Uses

Market Size for Vulcanised Cellular Rubber Articles For Technical Uses

In 2021, after five years of growth, there was significant decline in the global vulcanised cellular rubber articles market, when its value decreased by -6% to $X. Over the period under review, the total consumption indicated a pronounced expansion from 2012 to 2021: its value increased at an average annual rate of +4.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +78.2% against 2015 indices. Over the period under review, the global market attained the peak level at $X in 2020, and then dropped in the following year.

Production of Vulcanised Cellular Rubber Articles For Technical Uses

In value terms, vulcanised cellular rubber articles production contracted to $X in 2021 estimated in export price. In general, production, however, saw a perceptible expansion. The most prominent rate of growth was recorded in 2016 when the production volume increased by 26% against the previous year. Global production peaked at $X in 2020, and then contracted slightly in the following year.

Exports of Vulcanised Cellular Rubber Articles For Technical Uses

Exports

For the fourth year in a row, the global market recorded growth in shipments abroad of vulcanised cellular rubber articles for technical uses, which increased by 18% to X tons in 2021. The total export volume increased at an average annual rate of +4.8% 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.

In value terms, vulcanised cellular rubber articles exports skyrocketed to $X in 2021. The total export value increased at an average annual rate of +2.5% from 2012 to 2021; however, the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2021, China (X tons) was the major exporter of vulcanised cellular rubber articles for technical uses, achieving 31% of total exports. The United States (X tons) held an 11% share (based on physical terms) of total exports, which put it in second place, followed by Turkey (5.3%) and Italy (4.7%). The following exporters - Taiwan (Chinese) (X tons), South Korea (X tons), Canada (X tons), the United Arab Emirates (X tons), Mexico (X tons), Spain (X tons), Belgium (X tons), the Netherlands (X tons) and Brazil (X tons) - together made up 29% of total exports.

From 2012 to 2021, average annual rates of growth with regard to vulcanised cellular rubber articles exports from China stood at +6.6%. At the same time, Belgium (+29.4%), the United States (+19.5%), Mexico (+19.4%), Turkey (+19.1%), the United Arab Emirates (+18.2%), the Netherlands (+16.7%), Taiwan (Chinese) (+14.0%) and Brazil (+1.7%) displayed positive paces of growth. Moreover, Belgium emerged as the fastest-growing exporter exported in the world, with a CAGR of +29.4% from 2012-2021. By contrast, Spain (-1.8%), Italy (-3.1%), Canada (-5.5%) and South Korea (-5.7%) illustrated a downward trend over the same period. While the share of the United States (+7.4 p.p.), China (+4.4 p.p.), Turkey (+3.6 p.p.), Belgium (+2.4 p.p.), the United Arab Emirates (+2.3 p.p.), Taiwan (Chinese) (+2.3 p.p.) and Mexico (+2.3 p.p.) increased significantly in terms of the global exports from 2012-2021, the share of Spain (-2.6 p.p.), Italy (-4.9 p.p.), Canada (-5.7 p.p.) and South Korea (-5.9 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest vulcanised cellular rubber articles supplier worldwide, comprising 25% of global exports. The second position in the ranking was taken by the United States ($X), with an 8.3% share of global exports. It was followed by Canada, with an 8.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value in China amounted to +11.1%. In the other countries, the average annual rates were as follows: the United States (-4.7% per year) and Canada (-6.9% per year).

Export Prices by Country

The average vulcanised cellular rubber articles export price stood at $X per ton in 2021, growing by 2.9% against the previous year. Overall, the export price, however, saw a noticeable decline. The global export price peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Canada ($X per ton), while the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mexico (+6.7%), while the other global leaders experienced more modest paces of growth.

Imports of Vulcanised Cellular Rubber Articles For Technical Uses

Imports

For the third consecutive year, the global market recorded growth in purchases abroad of vulcanised cellular rubber articles for technical uses, which increased by 13% to X tons in 2021. The total import volume increased at an average annual rate of +4.5% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, vulcanised cellular rubber articles imports stood at $X in 2021. The total import value increased at an average annual rate of +2.2% from 2012 to 2021; however, the trend pattern remained consistent, with only minor fluctuations in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

The United States was the largest importer of vulcanised cellular rubber articles for technical uses in the world, with the volume of imports amounting to X tons, which was approx. 24% of total imports in 2021. It was distantly followed by Germany (X tons), committing a 5.5% share of total imports. Mexico (X tons), the UK (X tons), Italy (X tons), the Netherlands (X tons), Saudi Arabia (X tons), Poland (X tons), South Korea (X tons), France (X tons), Brazil (X tons), Canada (X tons) and Belgium (X tons) held a relatively small share of total imports.

From 2012 to 2021, average annual rates of growth with regard to vulcanised cellular rubber articles imports into the United States stood at +2.1%. At the same time, South Korea (+25.6%), the Netherlands (+18.7%), Saudi Arabia (+15.6%), the UK (+13.7%), Germany (+13.6%), Poland (+13.2%), France (+4.9%), Belgium (+4.4%) and Italy (+3.3%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing importer imported in the world, with a CAGR of +25.6% from 2012-2021. By contrast, Brazil (-3.0%), Canada (-7.3%) and Mexico (-8.3%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Germany, South Korea, the Netherlands, Saudi Arabia, the UK and Poland increased by +2.9, +2.4, +2.3, +2, +1.9 and +1.7 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) constitutes the largest market for imported vulcanised cellular rubber articles for technical uses worldwide, comprising 24% of global imports. The second position in the ranking was taken by Germany ($X), with a 5.6% share of global imports. It was followed by Mexico, with a 4.5% share.

In the United States, vulcanised cellular rubber articles imports decreased by an average annual rate of -1.9% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Germany (+12.6% per year) and Mexico (-4.3% per year).

Import Prices by Country

The average vulcanised cellular rubber articles import price stood at $X per ton in 2021, therefore, remained relatively stable against the previous year. Over the period under review, the import price, however, recorded a noticeable downturn. The pace of growth was the most pronounced in 2018 when the average import price increased by 4.4%. Over the period under review, average import prices reached the maximum at $X per ton in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Canada ($X per ton), while Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+4.9%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :