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

Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.

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

The UK vulcanised rubber seal market is set to see a rise in demand, with a projected CAGR of +1.0% in volume and +1.2% in value from 2024 to 2035. This growth trend is expected to continue, driving the market performance upwards over the next decade.

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 shrank to 32K tons, reducing by -12.6% on the previous year. Overall, consumption saw a pronounced contraction. Over the period under review, consumption attained the maximum volume at 45K tons in 2013; however, from 2014 to 2024, consumption remained at a lower figure.

The value of the vulcanised rubber seal market in the UK reduced to $853M in 2024, with a decrease of -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). Over the period under review, consumption saw a noticeable slump. As a result, consumption reached the peak level of $1.3B. From 2020 to 2024, the growth of the market remained at a lower figure.

Vulcanised rubber seal production in the UK contracted to 17K tons in 2024, waning by -3.2% compared with the year before. Overall, production recorded a abrupt shrinkage. The growth pace was the most rapid in 2016 with an increase of 14%. 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 saw a perceptible shrinkage. The pace of growth was the most pronounced in 2019 with an increase of 30% against the previous year. Over the period under review, production attained the maximum level at $1.3B in 2013; however, from 2014 to 2024, production failed to regain momentum.

In 2024, after three years of growth, there was significant decline in supplies from abroad of seals of vulcanised rubber, when their volume decreased by -20.2% to 20K tons. Overall, imports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2023 with an increase of 17% against the previous year. Over the period under review, imports hit record highs at 27K tons in 2017; however, from 2018 to 2024, imports failed to regain momentum.

In value terms, vulcanised rubber seal imports dropped to $336M in 2024. Over the period under review, imports showed a relatively flat trend pattern. The growth pace was the most rapid in 2014 with an increase of 17% against the previous year. Over the period under review, imports reached the maximum 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, with a combined 52% share 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 United States ($57M), Poland ($45M) and Germany ($44M) constituted the largest vulcanised rubber seal suppliers to the UK, together accounting for 43% of total imports. France, China, Italy, Spain, Romania, the Netherlands, India and the Czech Republic lagged somewhat behind, together accounting for a further 31%.

Romania, with a CAGR of +27.7%, recorded the highest rates of growth with regard to 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.

In 2024, the average vulcanised rubber seal import price amounted to $17,083 per ton, picking up by 18% against the previous year. In general, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 an increase of 27% against the previous year. The import price peaked 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 shrank dramatically to 5.2K tons, with a decrease of -15.7% on the year before. Overall, exports saw a abrupt decline. The pace of growth was the most pronounced in 2015 with an increase of 23%. 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 stood at $409M in 2024. The total export value increased at an average annual rate of +2.0% over the period from 2013 to 2024; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The pace of growth appeared the most rapid in 2014 when exports increased by 20% against the previous year. Over the period under review, the exports attained the peak figure in 2024 and are likely to see steady 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, with a combined 32% share 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 biggest increases were recorded for China (with a CAGR of +0.3%), while shipments for the other leaders experienced a decline.

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

In terms of the main countries of destination, Romania, with a CAGR of +10.1%, saw 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.

The average vulcanised rubber seal export price stood at $77,936 per ton in 2024, picking up by 19% against the previous year. Over the period under review, the export price recorded strong growth. The most prominent rate of growth was recorded in 2019 when the average export price increased by 78%. The export price peaked in 2024 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: 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.

Making Data-Driven Decisions to Grow Your Business

A Quick Overview of Market Performance

Understanding the Current State of The Market and Its Prospects

Finding New Products to Diversify Your Business

Choosing the Best Countries to Establish Your Sustainable Supply Chain

Choosing the Best Countries to Boost Your Exports

The Latest Trends and Insights into The Industry

The Largest Import Supplying Countries

The Largest Destinations for Exports

The Largest Producers on The Market and Their Profiles