Benelux: Vulcanised Rubber Thread Market 2024

Vulcanised Rubber Thread Market Size in Benelux

In 2023, after two years of growth, there was significant decline in the Benelux vulcanised rubber thread market, when its value decreased by X% to $X. In general, consumption continues to indicate a pronounced shrinkage. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2023, consumption failed to regain momentum.

Vulcanised Rubber Thread Production in Benelux

In value terms, vulcanised rubber thread production expanded significantly to $X in 2023 estimated in export price. Overall, production, however, recorded a perceptible shrinkage. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. Over the period under review, production reached the maximum level at $X in 2013; however, from 2014 to 2023, production remained at a lower figure.

Vulcanised Rubber Thread Exports

Exports in Benelux

In 2023, overseas shipments of vulcanised rubber thread and cord decreased by X% to X tons, falling for the third consecutive year after two years of growth. Over the period under review, exports, however, posted a tangible expansion. The most prominent rate of growth was recorded in 2020 when exports increased by X%. As a result, the exports reached the peak of X tons. From 2021 to 2023, the growth of the exports remained at a lower figure.

In value terms, vulcanised rubber thread exports expanded remarkably to $X in 2023. In general, exports, however, enjoyed mild growth. The growth pace was the most rapid in 2020 with an increase of X%. The level of export peaked at $X in 2021; however, from 2022 to 2023, the exports remained at a lower figure.

Exports by Country

The biggest shipments were from the Netherlands (X tons) and Belgium (X tons), together accounting for X% of total export.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by the Netherlands (with a CAGR of X%).

In value terms, Belgium ($X) and the Netherlands ($X) were the countries with the highest levels of exports in 2023.

In terms of the main exporting countries, the Netherlands, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review.

Export Prices by Country

The export price in Benelux stood at $X per ton in 2023, rising by X% against the previous year. In general, the export price, however, showed a noticeable decrease. The pace of growth was the most pronounced in 2021 when the export price increased by X%. The level of export peaked at $X per ton in 2013; however, from 2014 to 2023, the export prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Belgium ($X per ton), while the Netherlands amounted to $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Belgium (X%).

Vulcanised Rubber Thread Imports

Imports in Benelux

In 2023, the amount of vulcanised rubber thread and cord imported in Benelux fell remarkably to X tons, dropping by X% against the year before. Total imports indicated a notable expansion from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. As a result, imports reached the peak of X tons. From 2015 to 2023, the growth of imports remained at a lower figure.

In value terms, vulcanised rubber thread imports declined remarkably to $X in 2023. Overall, imports, however, recorded tangible growth. The pace of growth appeared the most rapid in 2014 with an increase of X%. As a result, imports reached the peak of $X. From 2015 to 2023, the growth of imports failed to regain momentum.

Imports by Country

In 2023, Belgium (X tons) was the key importer of vulcanised rubber thread and cord, mixing up X% of total imports. It was distantly followed by the Netherlands (X tons), comprising a X% share of total imports.

Imports into Belgium increased at an average annual rate of X% from 2012 to 2023. At the same time, the Netherlands (X%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest-growing importer imported in Benelux, with a CAGR of X% from 2012-2023. While the share of the Netherlands (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Belgium (X p.p.) displayed negative dynamics.

In value terms, Belgium ($X) and the Netherlands ($X) were the countries with the highest levels of imports in 2023.

The Netherlands, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review.

Import Prices by Country

In 2023, the import price in Benelux amounted to $X per ton, growing by X% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the import price increased by X%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2023, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was the Netherlands ($X per ton), while Belgium stood at $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the Netherlands (X%).

Source: IndexBox Platform