Vulcanised Rubber Thread Market in the United States
Market Overview
The U.S. vulcanised rubber thread market expanded notably to $
in , rising 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). The market value increased at an average annual rate of +% over the period from 2007 to ; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market hit record highs at $ in 2010; however, from 2011 to , consumption remained at a lower figure.
In value terms, vulcanised rubber thread production rose sharply to $ in . The total output value increased at an average annual rate of +% over the period from 2007 to ; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2008 with an increase of % against the previous year. Vulcanised rubber thread production peaked at $ in 2011; however, from 2012 to , production stood at a somewhat lower figure.
in , rising 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). The market value increased at an average annual rate of +% over the period from 2007 to ; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market hit record highs at $ in 2010; however, from 2011 to , consumption remained at a lower figure.In value terms, vulcanised rubber thread production rose sharply to $
in . The total output value increased at an average annual rate of +% over the period from 2007 to ; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2008 with an increase of % against the previous year. Vulcanised rubber thread production peaked at $ in 2011; however, from 2012 to , production stood at a somewhat lower figure.Consumption
In , consumption of vulcanised rubber thread and cord increased by % to tons, rising for the fifth consecutive year after three years of decline. In general, consumption saw a relatively flat trend pattern. As a result, consumption reached the peak volume of tons. From 2009 to , the growth of the consumption failed to regain momentum.
The size of the vulcanised rubber thread market in the United States rose sharply to $ in , surging 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). The market value increased at an average annual rate of +% over the period from 2007 to ; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Vulcanised rubber thread consumption peaked at $ in 2010; however, from 2011 to , consumption remained at a lower figure.
, consumption of vulcanised rubber thread and cord increased by % to tons, rising for the fifth consecutive year after three years of decline. In general, consumption saw a relatively flat trend pattern. As a result, consumption reached the peak volume of tons. From 2009 to , the growth of the consumption failed to regain momentum.The size of the vulcanised rubber thread market in the United States rose sharply to $
in , surging 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). The market value increased at an average annual rate of +% over the period from 2007 to ; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Vulcanised rubber thread consumption peaked at $ in 2010; however, from 2011 to , consumption remained at a lower figure.Market Forecast
The vulcanised rubber thread market is expected to start a downward consumption trend over the next eight-year period. The performance of the market is forecast to decrease slightly, with an anticipated CAGR of -% for the eight-year period from to , which is projected to depress the market volume to tons by the end of .
In value terms, the market is forecast to contract 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 eight-year period from to , which is projected to depress the market volume to tons by the end of .In value terms, the market is forecast to contract 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
In , the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports decreased moderately (- percentage point) over the period under review.
, the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports decreased moderately (- percentage point) over the period under review.Trade Balance
The United States remains a net importer of vulcanised rubber thread; in physical and value terms, imports consistently exceeded exports from 2007 to . In , there was a significant trade deficit of tons, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
. In , there was a significant trade deficit of tons, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
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