Reclaimed Rubber Market in Belgium
Market Overview
After two years of decline, the Belgian reclaimed rubber market increased by 
% to $ in . Overall, consumption posted perceptible growth. As a result, consumption reached the peak level of $. From to , the growth of the market remained at a lower figure.
In value terms, reclaimed rubber production amounted to $ in estimated in export price. Over the period under review, production showed a remarkable increase. The pace of growth appeared the most rapid in 2012 with an increase of % against the previous year. Reclaimed rubber production peaked at $ in ; however, from to , production failed to regain momentum.
% to $ in . Overall, consumption posted perceptible growth. As a result, consumption reached the peak level of $. From to , the growth of the market remained at a lower figure.In value terms, reclaimed rubber production amounted to $
in estimated in export price. Over the period under review, production showed a remarkable increase. The pace of growth appeared the most rapid in 2012 with an increase of % against the previous year. Reclaimed rubber production peaked at $ in ; however, from to , production failed to regain momentum.Consumption
In , approx. tons of reclaimed rubber were consumed in Belgium; picking up by % against the previous year. In general, consumption saw notable growth. Over the period under review, consumption hit record highs at tons in ; however, from to , consumption stood at a somewhat lower figure.
The size of the reclaimed rubber market in Belgium soared to $ in , picking up by % 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). Overall, consumption recorded a moderate expansion. As a result, consumption attained the peak level of $. From to , the growth of the market remained at a somewhat lower figure.
, approx. tons of reclaimed rubber were consumed in Belgium; picking up by % against the previous year. In general, consumption saw notable growth. Over the period under review, consumption hit record highs at tons in ; however, from to , consumption stood at a somewhat lower figure.The size of the reclaimed rubber market in Belgium soared to $
in , picking up by % 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). Overall, consumption recorded a moderate expansion. As a result, consumption attained the peak level of $. From to , the growth of the market remained at a somewhat lower figure.Market Forecast
Driven by increasing demand for reclaimed rubber in Belgium, the market is expected to continue an upward consumption trend over the next eight-year period. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +% for the period from to , which is projected to bring the market volume to tons by the end of .
In value terms, the market is forecast to increase with an anticipated CAGR of +% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .
% for the period from to , which is projected to bring the market volume to tons by the end of .In value terms, the market is forecast to increase with an anticipated CAGR of +
% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .Market Structure
Reclaimed rubber market in Belgium remained dependent on supplies from foreign countries. In , the share of imports in total consumption was % in value terms and % in physical terms. Affected by an intensive growth in domestic production, which will gradually displace imported products from the market, the share of imports decreased from % in 2007 to % in . Belgium domestic supply is expected to continue its growth.
, the share of imports in total consumption was % in value terms and % in physical terms. Affected by an intensive growth in domestic production, which will gradually displace imported products from the market, the share of imports decreased from % in 2007 to % in . Belgium domestic supply is expected to continue its growth.Trade Balance
Belgium remains a net exporter of reclaimed rubber; in physical and value terms, exports consistently exceeded imports from 2007 to . In , there was a significant trade surplus of tons, which was equal to $. This tangible trade surplus reflects the fact that the market remains buoyed by domestic production, and the industry is highly incorporated into the global market, which is likely to continue in the medium term.
. In , there was a significant trade surplus of tons, which was equal to $. This tangible trade surplus reflects the fact that the market remains buoyed by domestic production, and the industry is highly incorporated into the global market, which is likely to continue in the medium term.
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