United Kingdom: Unvulcanized Rubber Market 2024

Unvulcanized Rubber Market Size in the UK

The UK unvulcanized rubber market surged to $X in 2022, increasing by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. Unvulcanized rubber consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Unvulcanized Rubber Production in the UK

In value terms, unvulcanized rubber production dropped to $X in 2022 estimated in export price. Over the period under review, production recorded a perceptible shrinkage. The pace of growth appeared the most rapid in 2018 when the production volume increased by X%. Over the period under review, production attained the maximum level at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Unvulcanized Rubber Exports

Exports from the UK

In 2022, unvulcanized rubber exports from the UK declined remarkably to X tons, falling by X% against 2021. In general, exports saw a abrupt descent. The pace of growth appeared the most rapid in 2021 with an increase of X%. Over the period under review, the exports hit record highs at X tons in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, unvulcanized rubber exports declined to $X in 2022. Overall, exports continue to indicate a abrupt shrinkage. The pace of growth appeared the most rapid in 2021 when exports increased by X%. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Belgium (X tons) was the main destination for unvulcanized rubber exports from the UK, accounting for a X% share of total exports. Moreover, unvulcanized rubber exports to Belgium exceeded the volume sent to the second major destination, Italy (X tons), more than tenfold. Germany (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Belgium was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (X% per year) and Germany (X% per year).

In value terms, Belgium ($X) remains the key foreign market for unvulcanized rubber and articles thereof exports from the UK, comprising X% of total exports. The second position in the ranking was held by Germany ($X), with an X% share of total exports. It was followed by Italy, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Belgium totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (X% per year) and Italy (X% per year).

Export Prices by Country

The average unvulcanized rubber export price stood at $X per ton in 2022, growing by X% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2013 an increase of X%. As a result, the export price attained the peak level of $X per ton. From 2014 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Luxembourg ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Unvulcanized Rubber Imports

Imports into the UK

In 2022, approx. X tons of unvulcanized rubber and articles thereof were imported into the UK; reducing by X% on 2021 figures. Overall, imports recorded a noticeable descent. The pace of growth was the most pronounced in 2021 when imports increased by X%. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, unvulcanized rubber imports amounted to $X in 2022. In general, imports continue to indicate a noticeable shrinkage. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

Germany (X tons), China (X tons) and the United States (X tons) were the main suppliers of unvulcanized rubber imports to the UK, together accounting for X% of total imports. Italy, the Netherlands, France, India, Belgium, Brazil, Spain, Sweden, South Korea and Poland lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for South Korea (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest unvulcanized rubber suppliers to the UK were the United States ($X), Germany ($X) and China ($X), with a combined X% share of total imports. Italy, France, the Netherlands, Belgium, India, Spain, Sweden, South Korea, Poland and Brazil lagged somewhat behind, together accounting for a further X%.

South Korea, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average unvulcanized rubber import price stood at $X per ton in 2022, growing by X% against the previous year. In general, the import price saw a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, 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 2022, the most notable rate of growth in terms of prices was attained by India (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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