In 2023, the actual import value of reclaimed rubber in primary forms or sheets to Germany was USD 3.019 million. Forecasts indicate a declining trend from 2024 to 2028, with values dropping from USD 2.4564 million in 2024 to USD 1.3986 million in 2028. This corresponds to a year-on-year decrease of approximately 11% to 16% annually. Over the entire forecasted period (2024-2028), the compound annual growth rate (CAGR) is expected to average a decrease of around 12.6% annually.
Future trends to watch for include:
- Potential shifts in global demand for reclaimed rubber as sustainability initiatives increase.
- Technological advancements in rubber recycling that may influence production costs and prices.
- Changes in regulatory landscapes affecting rubber imports and exports.
- Emerging markets and their impact on reclaimed rubber supply chains.