UK's Vulcanised Rubber Seal Market to Reach 35K Tons and $972M by 2035, Driven by Rising Demand - News and Statistics - IndexBox

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IndexBox has just published a new report: United Kingdom - Seals Of Vulcanised Rubber - Market Analysis, Forecast, Size, Trends And Insights.

The UK market for vulcanised rubber seals is set to see a positive trend in consumption over the next decade, with a forecasted CAGR of +1.0% in volume and +1.2% in value from 2024 to 2035. By the end of 2035, the market volume is expected to reach 35K tons and the market value is projected to reach $972M in nominal prices.

Driven by rising demand for vulcanised rubber seal in the UK, the market is expected to start an upward consumption trend over the next decade. The performance of the market is forecast to increase slightly, with an anticipated CAGR of +1.0% for the period from 2024 to 2035, which is projected to bring the market volume to 35K tons by the end of 2035.

In value terms, the market is forecast to increase with an anticipated CAGR of +1.2% for the period from 2024 to 2035, which is projected to bring the market value to $972M (in nominal wholesale prices) by the end of 2035.

In 2024, vulcanised rubber seal consumption in the UK contracted to 32K tons, with a decrease of -12.6% on the previous year. Over the period under review, consumption recorded a noticeable contraction. Vulcanised rubber seal consumption peaked at 45K tons in 2013; however, from 2014 to 2024, consumption failed to regain momentum.

The value of the vulcanised rubber seal market in the UK declined slightly to $853M in 2024, shrinking by -4.2% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption showed a pronounced setback. As a result, consumption reached the peak level of $1.3B. From 2020 to 2024, the growth of the market failed to regain momentum.

In 2024, the amount of seals of vulcanised rubber produced in the UK fell to 17K tons, waning by -3.2% against the previous year's figure. In general, production saw a abrupt decline. The pace of growth appeared the most rapid in 2016 when the production volume increased by 14% against the previous year. Vulcanised rubber seal production peaked at 34K tons in 2013; however, from 2014 to 2024, production remained at a lower figure.

In value terms, vulcanised rubber seal production reduced to $925M in 2024 estimated in export price. Over the period under review, production recorded a perceptible downturn. The pace of growth was the most pronounced in 2019 with an increase of 30%. Vulcanised rubber seal production peaked at $1.3B in 2013; however, from 2014 to 2024, production stood at a somewhat lower figure.

In 2024, after three years of growth, there was significant decline in overseas purchases of seals of vulcanised rubber, when their volume decreased by -20.2% to 20K tons. In general, imports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2023 when imports increased by 17%. Imports peaked at 27K tons in 2017; however, from 2018 to 2024, imports remained at a lower figure.

In value terms, vulcanised rubber seal imports contracted to $336M in 2024. Over the period under review, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when imports increased by 17% against the previous year. Over the period under review, imports hit record highs at $427M in 2018; however, from 2019 to 2024, imports failed to regain momentum.

Poland (4.7K tons), Germany (3.6K tons) and Romania (2K tons) were the main suppliers of vulcanised rubber seal imports to the UK, together comprising 52% of total imports.

From 2013 to 2024, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Romania (with a CAGR of +26.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest vulcanised rubber seal suppliers to the UK were the United States ($57M), Poland ($45M) and Germany ($44M), together comprising 43% of total imports. France, China, Italy, Spain, Romania, the Netherlands, India and the Czech Republic lagged somewhat behind, together comprising a further 31%.

Among the main suppliers, Romania, with a CAGR of +27.7%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

In 2024, the average vulcanised rubber seal import price amounted to $17,083 per ton, increasing by 18% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in 2018 an increase of 27% against the previous year. Over the period under review, average import prices reached the peak figure at $19,738 per ton in 2019; however, from 2020 to 2024, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2024, amid the top importers, the country with the highest price was the United States ($106,118 per ton), while the price for Romania ($3,819 per ton) was amongst the lowest.

From 2013 to 2024, the most notable rate of growth in terms of prices was attained by the United States (+9.8%), while the prices for the other major suppliers experienced more modest paces of growth.

In 2024, the amount of seals of vulcanised rubber exported from the UK declined rapidly to 5.2K tons, with a decrease of -15.7% compared with the year before. In general, exports recorded a deep slump. The most prominent rate of growth was recorded in 2015 when exports increased by 23% against the previous year. The exports peaked at 15K tons in 2016; however, from 2017 to 2024, the exports failed to regain momentum.

In value terms, vulcanised rubber seal exports amounted to $409M in 2024. The total export value increased at an average annual rate of +2.0% from 2013 to 2024; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2014 when exports increased by 20% against the previous year. Over the period under review, the exports reached the peak figure in 2024 and are likely to continue growth in years to come.

Romania (699 tons), the United States (540 tons) and Germany (422 tons) were the main destinations of vulcanised rubber seal exports from the UK, together accounting for 32% of total exports. France, the Czech Republic, China, the Netherlands, Poland, Ireland, India and Italy lagged somewhat behind, together accounting for a further 31%.

From 2013 to 2024, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by China (with a CAGR of +0.3%), while the other leaders experienced a decline.

In value terms, the United States ($66M), Germany ($39M) and France ($31M) appeared to be the largest markets for vulcanised rubber seal exported from the UK worldwide, with a combined 33% share of total exports. China, the Netherlands, Italy, India, Romania, Poland, Ireland and the Czech Republic lagged somewhat behind, together accounting for a further 24%.

In terms of the main countries of destination, Romania, with a CAGR of +10.1%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

In 2024, the average vulcanised rubber seal export price amounted to $77,936 per ton, surging by 19% against the previous year. Overall, the export price saw a resilient expansion. The growth pace was the most rapid in 2019 an increase of 78%. The export price peaked in 2024 and is likely to see steady growth in years to come.

There were significant differences in the average prices for the major external markets. In 2024, amid the top suppliers, the country with the highest price was Italy ($122,711 per ton), while the average price for exports to Romania ($15,834 per ton) was amongst the lowest.

From 2013 to 2024, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+18.3%), while the prices for the other major destinations experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the vulcanised rubber seal market in the UK. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

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